MIRA INFORM REPORT

Report Date :

03.01.2014

IDENTIFICATION DETAILS

Name :	UNIPHOS INTERNATIONAL LIMITED [w.e.f. 21.01.2012]
Formerly Known As :	UNIPHOS AGRO INDUSTRIES LIMITED
Registered Office :	3-11, GIDC, Vapi-396195, Gujarat
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	24.07.1992
Com. Reg. No.:	04-027317
Capital Investment / Paid-up Capital :	Rs.66.052 Millions
CIN No.: [Company Identification No.]	U24219GJ1992PLC027317
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Chemical and Agro Products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 604000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Profitability of the company appears to be fair. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2013

Country Name	Previous Rating (30.06.2013)	Current Rating (30.09.2013)
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

India’s current account deficit narrowed in the quarter ended September as government measures to curb imports, especially gold, kicked in.  The current account deficit, the excess of a country’s imports of goods and services over exports, narrowed to $ 5.2 billion from $ 21 billion in the year ago period, according to provisional Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and the latest data suggests the government may achieve the target.

India was ranked 94^th among the world’s most corrupt nations list. Denmark and New Zealand topped as the cleanest while Somalia emerged as the most corrupt.

India’s services sector activity witnessed a moderate improvement in November over the previous month, even while indicating the fifth successive monthly contraction, according the HSBC survey.

$53 million estimated losses suffered by India due to phishing attacks during the third quarter, according to a study by RSA. India ranks fourth in the list of nations hit by phishing attacks. The US remained at the top of the charts. Phishing is the process of acquiring information such as user names, passwords and credit card details by sending e-mails disguised as official mails.

Rs.4080 million worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million in September, 2012, according to Deloitte report. The number of transactions has shot up from 94000 to 701000.

India aims to earn Rs.400000 million from the bandwidth auction set for January. The merger and acquisition guidelines, cleared by a group of ministers, will be out before the auction begins so that players can make informed decisions on the auctions.

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 :	3-11, GIDC, Vapi-396195, Gujarat, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	uil@uniphos.com uniagro@uniphos.com gandhep@uniphos.com
Website :	http://www.uniphosinternational.com http://www.uilonline.com
Corporate Office :	Readymoney Terrace, 167, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Tel No.:	91-22-61233500
Fax No.:	91-22-24938826

DIRECTORS

AS ON 26.10.2012

Name :

Mr. Rajnikant Devidas Shroff

Designation :

Director

Address :

202, Parishram, 40, Pali Hill, Bandra (West), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

20.10.1933

Date of Appointment :

02.11.1992

Election Commissioner Identity Card No.:

MT/09/042/504476

Din No.:

00180810

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	L24219GJ1969PLC001588	UNIPHOS ENTERPRISES LIMITED	Managing director	29/05/1969	29/05/1969	-	Active	NO
2	U24299GJ1979PLC003583	SHROFFS UNITED CHEMICALS LIMITED	Director	20/12/1979	20/12/1979	-	Active	NO
3	L99999MH1985PLC036391	NIVI TRADING LIMITED	Director	02/03/1992	02/03/1992	-	Active	NO
4	U65990GJ1986PTC027312	DEMURIC HOLDINGS PVT LTD(TR CO FROM MAHARASHTRA)	Director	08/04/1992	08/04/1992	-	Active	NO
5	L24219GJ1985PLC025132	UPL LIMITED	Whole-time director	01/10/2013	01/10/1992	-	Active	NO
6	U24219GJ1992PLC027317	UNIPHOS INTERNATIONAL LIMITED	Director	01/02/2013	02/11/1992	-	Active	NO
7	U91110MH1990NPL057237	ASMECHEM CHAMBER OF COMMERCE AND INDUSTRY OF INDIA	Managing director	05/11/1992	05/11/1992	-	Active	NO
8	U67120GJ1986PTC023998	SANGUINE HOLDINGS PRIVATE LIMITED(TRANSFER FROM MAHA TO GUJ)	Director	04/01/1993	04/01/1993	-	Active	NO
9	U65910GJ1983PTC027313	VYOM FINVEST PRIVATE LIMITED	Director	12/05/1993	12/05/1993	-	Active	NO
10	L99999MH1982PLC026191	PRADEEP METALS LIMITED	Director	26/05/1993	26/05/1993	19/08/2011	Active	NO
11	U72200GJ1994PLC023786	ENVIRO TECHNOLOGY LIMITED	Director	07/12/1994	07/12/1994	-	Active	NO
12	U74210GJ1997GAP031525	VAPI WASTE AND EFFLUENT MANAGEMENT COMPANY LIMITED	Director	17/01/1997	17/01/1997	04/12/2009	Active	NO
13	U45300GJ1997PLC032696	BHARUCH ENVIRO INFRASTRUCTURE LIMITED	Director	03/04/1998	03/04/1998	-	Active	NO
14	U29309GJ1998PTC035241	SHROFF ENVIROTRAL PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
15	U99999MH2000PLC134747	AGRI NET SOLUTIONS LIMITED	Director	10/04/2000	10/04/2000	-	Active	NO
16	U90002GJ2004PLC044094	TATVA GLOBAL ENVIRONMENT LIMITED	Director	06/05/2004	06/05/2004	-	Active	NO
17	U01110GJ2005PTC046287	UNIPHOS SEEDS AND BIOGENETICS PRIVATE LIMITED	Director	21/06/2005	21/06/2005	-	Amalgamated	NO
18	U24110MH1979PLC136661	SWAL CORPORATION LIMITED	Director	29/06/2005	29/06/2005	-	Active	NO
19	U24211DL1970NPL005200	CROP CARE FEDERATION OF INDIA	Director	28/09/2005	28/09/2005	-	Active	NO
20	U29297GJ2007PTC052025	UNIPHOS ENVIROTRONIC PRIVATE LIMITED	Director	12/05/2010	22/10/2007	-	Active	NO
21	U65923MH2010PTC198952	UPL INVESTMENT PRIVATE LIMITED	Director	15/01/2010	15/01/2010	06/06/2012	Active	NO
22	U41000MH2010PTC199840	TATVA GLOBAL WATER TECHNOLOGIES PRIVATE LIMITED	Director	08/02/2010	08/02/2010	06/06/2012	Active	NO
23	U73100GJ2012PTC072922	JRF RESEARCH PRIVATE LIMITED	Director	07/12/2012	07/12/2012	-	Active	NO

Name :

Mrs. Sandra Rajnikant Shroff

Designation :

Director

Address :

202, Parishram, 40, Pali Hill, Bandra (West), Mumbai-400050, Maharashtra, India

Date of Birth/Age :

05.09.1940

Date of Appointment :

04.06.1993

Election Commissioner Identity Card No.:

MT/09/042/504477

Din No.:

00189012

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	L24219GJ1969PLC001588	UNIPHOS ENTERPRISES LIMITED	Director	29/05/1969	29/05/1969	-	Active	NO
2	U24299GJ1979PLC003583	SHROFFS UNITED CHEMICALS LIMITED	Director	20/12/1979	20/12/1979	-	Active	NO
3	L99999MH1985PLC036391	NIVI TRADING LIMITED	Director	02/03/1992	02/03/1992	-	Active	NO
4	U65990GJ1986PTC027312	DEMURIC HOLDINGS PVT LTD(TR CO FROM MAHARASHTRA)	Director	08/04/1992	08/04/1992	-	Active	NO
5	L24219GJ1985PLC025132	UPL LIMITED	Director	01/10/1992	01/10/1992	-	Active	NO
6	L29299MH1984PLC034106	VENTURA GUARANTY LIMITED	Director	05/01/1993	05/01/1993	-	Active	NO
7	U24219GJ1992PLC027317	UNIPHOS INTERNATIONAL LIMITED	Director	04/06/1993	04/06/1993	-	Active	NO
8	U72200GJ1994PLC023786	ENVIRO TECHNOLOGY LIMITED	Director	07/12/1994	07/12/1994	-	Active	NO
9	U74210GJ1997GAP031525	VAPI WASTE AND EFFLUENT MANAGEMENT COMPANY LIMITED	Director	27/09/2012	17/01/1997	-	Active	NO
10	U45300GJ1997PLC032696	BHARUCH ENVIRO INFRASTRUCTURE LIMITED	Director	03/04/1998	03/04/1998	-	Active	NO
11	U29309GJ1998PTC035241	SHROFF ENVIROTRAL PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
12	U99999GJ2000NPL037236	NARMADA CLEAN TECH LIMITED	Director	30/10/2002	30/10/2002	05/08/2008	Active	NO
13	U74210GJ2002PLC040908	UPL ENVIRONMENTAL ENGINEERS LIMITED	Director	14/05/2005	14/05/2005	11/02/2012	Active	NO
14	U29297GJ2007PTC052025	UNIPHOS ENVIROTRONIC PRIVATE LIMITED	Additional director	16/07/2010	16/07/2010	-	Active	NO
15	U73100GJ2012PTC072922	JRF RESEARCH PRIVATE LIMITED	Director	07/12/2012	07/12/2012	-	Active	NO

Name :

Mr. Kalyan Mohan Banerjee

Designation :

Director

Address :

Lake Castle, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India

Date of Birth/Age :

10.16.1942

Date of Appointment :

24.07.1992

Election Commissioner Identity Card No.:

GJ/26/182/030728

Din No.:

00276866

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	U24219GJ1992PLC027317	UNIPHOS INTERNATIONAL LIMITED	Director	24/07/1992	24/07/1992	Active	NO
2	L24219GJ1985PLC025132	UPL LIMITED	Whole-time director	01/10/2013	21/10/2003	Active	NO

Name :

Mr. Mukul Bhupendra Trivedi

Designation :

Director

Address :

1206, Manish Towers, Service J.P. Road, Four Bunglows, Andheri (West), Mumbai, Maharashtra, India

Date of Birth/Age :

02.02.1953

Date of Appointment :

24.07.1992

Election Commissioner Identity Card No.:

MT/08/039/0405117

Din No.:

00242399

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	U24219GJ1992PLC027317	UNIPHOS INTERNATIONAL LIMITED	Director	24/07/1992	24/07/1992	-	Active	NO
2	U74210GJ2002PLC040908	UPL ENVIRONMENTAL ENGINEERS LIMITED	Director	14/05/2005	14/05/2005	-	Active	NO
3	U40101GJ2004PLC073357	UPL DJAI POWER LIMITED	Director	28/11/2008	16/11/2005	-	Amalgamated	NO
4	U33130HP2005PLC028806	SHIVALIK SOLID WASTE MANAGEMENT LIMITED	Director	31/01/2006	31/01/2006	-	Active	NO
5	U24129KL2005PLC017973	KERALA ENVIRO INFRASTRUCTURE LIMITED	Director	24/08/2007	24/08/2007	-	Active	NO
6	U90001TZ2008PTC014159	COIMBATORE INTEGRATED WASTE MANAGEMENT COMPANY PRIVATE LIMITED	Director	30/09/2008	25/01/2008	30/03/2013	Active	NO
7	U40101MH2010PTC198447	TATVA GLOBAL RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	04/01/2010	04/01/2010	-	Active	NO
8	U45201GJ2007PTC051689	BHARUCH AIRPORT INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2013	25/03/2010	-	Active	NO
9	U45309MH2011PTC225225	KEPLER22 ENVIROTECH PRIVATE LIMITED	Director	28/09/2012	17/04/2012	-	Active	NO
10	AAA-4123	UNITED PHOSPHORUS GLOBAL LLP	Body corporate as Designated Partner	16/03/2011	16/03/2011	-	Active	NO
11	AAA-4124	UNITED PHOSPHORUS (INDIA) LLP	Body corporate as Designated Partner	16/03/2011	16/03/2011	-	Active	NO

Name :

Mr. Bipin Nandlal Jani

Designation :

Director

Address :

8, B-181-2800, Tagor Nagar, Vikhroli, Mumbai-400083, Maharashtra, India

Date of Birth/Age :

26.09.1956

Date of Appointment :

23.08.2012

Election Commissioner Identity Card No.:

UUP0521597

Din No.:

00297043

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	U65990GJ1991PTC027309	ESTHETIC FINVEST PRIVATE LIMITED	Director	18/07/2001	18/07/2001	Active	NO
2	U65990GJ1986PTC027314	SHATATARAKA HOLDINGS PVT LTD (TR CO FROM MAHARASHTRA)	Director	18/07/2001	18/07/2001	Active	NO
3	U51900MH1995PTC092301	ARCHANA OVERSEAS PRIVATE LIMITED	Director	15/10/2001	15/10/2001	Active	NO
4	U45201MH2006PLC164867	MRUGAL PROPERTIES LIMITED	Director	23/09/2006	23/09/2006	Active	NO
5	U45201MH2006PLC164917	AGRAJA PROPERTIES LIMITED	Director	26/09/2006	26/09/2006	Active	NO
6	U74140MH1972PTC015858	TEKNOMIC CONSULTANTS PRIVATE LIMITED	Director	22/01/2007	22/01/2007	Active	NO
7	U01409GJ2007PTC050222	BENCH BIO PRIVATE LIMITED	Director	15/03/2007	15/03/2007	Active	NO
8	U70101MH2004PTC146745	ACCOLADE PROPERTIES PRIVATE LIMITED	Director	15/12/2007	15/12/2007	Active	NO
9	U70100MH1995PTC087215	SEIKO PROPERTIES PRIVATE LIMITED	Additional director	31/10/2008	31/10/2008	Active	NO
10	U45200MH2003PTC142055	MAGNUS PROPERTIES PRIVATE LIMITED	Director	16/09/2011	16/09/2011	Active	NO
11	U45200MH2002PTC137414	HARDSTONE PROPERTIES (INDIA )PRIVATE LIMITED	Director	16/09/2011	16/09/2011	Active	NO
12	U24233MH2010PLC201773	TEST AGRICHEMICAL LIMITED	Director	29/09/2012	09/11/2011	Active	NO
13	U41000GJ2008PLC055115	GECPL-UEEL CONSORTIUM LIMITED	Director	29/09/2012	17/01/2012	Active	NO
14	U74200GJ2008PLC053771	SPML-UEEL JV COMPANY LIMITED	Director	29/09/2012	17/01/2012	Active	NO
15	U90001TZ2008PTC014159	COIMBATORE INTEGRATED WASTE MANAGEMENT COMPANY PRIVATE LIMITED	Director	29/09/2012	15/02/2012	Active	NO
16	U29219MH2006PTC163847	PRASKAND ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	Active	NO
17	U29219MH2006PTC163388	KHALINE ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	Active	NO
18	U29219MH2006PTC163390	KHAGAY ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	Active	NO
19	U29219MH2006PTC163697	HELINE ENVIRONMENT PRIVATE LIMITED	Director	29/09/2012	04/06/2012	Active	NO
20	U90000MH2010PTC200801	TATVA CLEAN TECH PRIVATE LIMITED	Director	29/09/2012	04/06/2012	Active	NO
21	U99000MH2006PLC161227	ENTRUST ENVIRONMENT LIMITED	Director	29/09/2012	04/06/2012	Active	NO
22	U29219MH2006PLC163400	SHARVAK ENVIRONMENT LIMITED	Director	29/09/2012	04/06/2012	Active	NO
23	U65923MH2010PTC198952	UPL INVESTMENT PRIVATE LIMITED	Director	29/09/2012	05/06/2012	Active	NO
24	U41000MH2010PTC199840	TATVA GLOBAL WATER TECHNOLOGIES PRIVATE LIMITED	Director	29/09/2012	05/06/2012	Active	NO
25	U40101MH2010PTC198447	TATVA GLOBAL RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	29/09/2012	06/06/2012	Active	NO
26	U24219GJ1992PLC027317	UNIPHOS INTERNATIONAL LIMITED	Managing director	28/09/2012	22/08/2012	Active	NO
27	U90000MH2013PTC247673	BERHAMPUR WASTE MANAGEMENT COMPANY PRIVATE LIMITED	Director	30/08/2013	30/08/2013	Active	NO
28	U24110GJ1980PTC004076	NERKA CHEMICALS PRIVATE LIMITED	Director	14/10/2013	14/10/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 26.10.2012

Names of Shareholders	No. of Shares
United Phosphorus Limited	1000000
Vikaram R. Shroff	1501000
S.R. Shroff	1031000
Jai Shroff	503000
Demuric Holding Private Limited	113200
Nivi Trading Limited	18800
Shilpa P. Sagar	3000
Mukul Bhupendra Trivedi	4200
Rajnikant Devidas Shroff	1000
Kalyan Mohan Banerjee	5000
Public	2425020
TOTAL	6605220

AS ON 26.10.2012

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	17.13
Directors or relatives of directors	46.16
Other top fifty shareholders	3.19
Others	33.52
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Trader of Chemical and Agro Products.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of Baroda, Corporate Financial Services Branch, 1^st Floor, 3, Walchand Hirachand Marg, Balard Pier, Mumbai-400038, Maharashtra, India

· Canara Bank, Worli, Mumbai-400018, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2013 [Rs. in Millions]	As on 31.03.2012 [Rs. in Millions]
Short Term Borrowings
Working Capital Loans From Banks	27.496	2.153
TOTAL	27.496	2.153

Banking Relations :	--
Auditors :
Name :	Vora and Associates Chartered Accountants
Address :	101-103, Rewa Chambers, 31, New Marine Lines, Mumbai-400020, Maharashtra, India
PAN No:	AACFV6555H
Other Related Party :	United Phosphorus Limited [L24219GJ1985PLC025132]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

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

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6605220	Equity Shares	Rs.10/- each	Rs.66.052 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	66.052	66.052	66.052
(b) Reserves & Surplus	85.087	68.589	55.050
(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)	151.139	134.641	121.102
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	3.470	2.742	2.982
(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)	3.470	2.742	2.982
(4) Current Liabilities
(a) Short term borrowings	27.496	2.153	10.226
(b) Trade payables	19.827	3.551	4.249
(c) Other current liabilities	10.891	13.020	9.140
(d) Short-term provisions	0.750	0.568	16.798
Total Current Liabilities (4)	58.964	19.292	40.413
TOTAL	213.573	156.675	164.497
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	20.974	12.439	12.834
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.693	1.033	17.438
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	21.667	13.472	30.272
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	8.426	3.499	9.446
(c) Trade receivables	30.814	9.026	14.097
(d) Cash and cash equivalents	148.824	122.810	102.521
(e) Short-term loans and advances	2.393	3.837	3.855
(f) Other current assets	1.449	4.031	4.306
Total Current Assets	191.906	143.203	134.225
TOTAL	213.573	156.675	164.497

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	342.409	391.778	120.929
		Other Income	14.856	10.880	10.036
		TOTAL (A)	357.265	402.658	130.965
Less	EXPENSES
		Purchases of stock-in-trade	296.653	318.244	90.972
		Employee benefit expense	9.302	8.144	8.918
		Other expenses	21.238	40.284	19.920
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(4.926)	5.911	1.715
		TOTAL (B)	322.267	372.583	121.525
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		34.998	30.075	9.440
Less	FINANCIAL EXPENSES (D)		6.901	6.046	1.487
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		28.097	24.029	7.953
Less/ Add	DEPRECIATION/ AMORTISATION (F)		4.812	3.579	3.381
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		23.285	20.450	4.572
Less	TAX (H)		6.787	6.912	1.197
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		16.498	13.538	3.375
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		62.755	49.217	45.843
	BALANCE CARRIED TO THE B/S		79.253	62.755	49.218
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	284.459	353.110	69.525
	IMPORTS
		Stores & Spares	236.885	294.434	45.961
		Capital Goods	0.034	0.000	0.000
	TOTAL IMPORTS		236.919	294.434	45.961
	Earnings / (Loss) Per Share (Rs.)		2.50	2.05	0.51

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.62	3.36	2.57
Net Profit Margin (PBT/Sales)	(%)	6.80	5.22	3.78
Return on Total Assets (PBT/Total Assets}	(%)	10.90	13.05	2.77
Return on Investment (ROI) (PBT/Networth)		0.15	0.15	0.03
Debt Equity Ratio (Total Debt/Networth)		0.18	0.02	0.08
Current Ratio (Current Asset/Current Liability)		3.25	7.42	3.32

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	PAN of Proprietor/Partner/Director, if available	No
32]	Date of Birth of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10428648	30/05/2013 *	217,500,000.00	BANK OF BARODA	CORPORATE FINANCIAL SERVICES BRANCH, 1ST FLOOR, 3, WALCHAND HIRACHAND MARG, BALARD PIER, MUMBAI - 400038, MAHARASHTRA, INDIA	B77689735
* Date of charge modification

FUTURE PLANS:

The company has drawn further ambitious plans for expansion abroad by opening of offices in Ghana, Tanzania, Nigeria, Peru etc.

Company is planning for Contractual tie-ups with various domestic and overseas suppliers (Chemical Division) with reputed Indian companies for export of excavators, heavy construction equipment’s, conveyor belt (Engineering Division), with reputed overseas manufacturers (for Import Division) and to increase business in Egypt, Ghana, Sudan, Ethiopia etc.

OVERSEAS OPERATION:

During the year Company had planned to open office at two to three places from Egypt, Ghana, Sudan, Kenya, Tanzania, Vietnam and Nigeria. Due to political disturbances the plan had to be deferred for opening the said office. However we are working out to open office in Peru or Panama in Latin America. International trade is also done through participation in international tenders.

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.61.90
UK Pound	1	Rs.102.74
Euro	1	Rs.85.15

INFORMATION DETAILS

Report Prepared by :

TPT

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	5
--PROFITABILIRY	1~10	5
--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
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.