MIRA INFORM REPORT

Report Date :

15.01.2014

IDENTIFICATION DETAILS

Name :	BLOOM DEKOR LIMITED
Registered Office :	Block No. 267, Village Orantal Prantij, Sabarkantha – 383205, Gujarat
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	23.03.1992
Com. Reg. No.:	04-017341
Capital Investment / Paid-up Capital :	Rs.60.000 Millions
CIN No.: [Company Identification No.]	L20210GJ1992PLC017341
TAN No.: [Tax Deduction & Collection Account No.]	AHMB00170C
PAN No.: [Permanent Account No.]	AAACB6221B
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturing and Selling of Laminated Sheets and Doors.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

B (30)

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

Maximum Credit Limit :	USD 732000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. There appears growth in the profitability of the company during current year. However, profit margin of the company is still low. Further the rating also take into consideration the highly competitive environment, with competition from both organized sector as well as unorganized sector and also the fluctuation in raw material prices. However, trade relations are reported as fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

NOTES :

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

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.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	BB (Fund Based Limits)
Rating Explanation	Moderate risk of default.
Date	September 2012

Rating Agency Name	ICRA
Rating	A4 (Non Fund Based Limits)
Rating Explanation	Minimal degree of safety. It carry very high credit risk.
Date	September 2012

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 DENIED

Management Non Co-Operative (91-79-26841916)

LOCATIONS

Registered Office/ Factory :	Block No. 267, Village Orantal Prantij, Sabarkantha – 383205, Gujarat, India
Tel. No.:	91-2770-230510
Fax No.:	91-2770-230546
E-Mail :	doshiac@gmail.com info@bloomdekor.com laminates@bloomdekor.com
Website :	http://www.bloomdekor.com
Location :	Owned
Head Office :	2/F, Sumel, S G Highway, Thaltej, Ahmedabad - 380059, Gujarat, India
Tel. No.:	91-79-26841916/ 17/ 18
Fax No.:	91-79-26841914
E-Mail :	laminates@bloomdekor.com doors@bloomdekor.com

DIRECTORS

As on: 31.03.2013

Name :	Dr. Sunil Sitaram Gupta
Designation :	Chairman and Managing Director
Address :	No.9, Kalhaar Bungalows, Sector-III Beyond Shilaj Village, Bopal Post, Ahmedabad - 380058, Gujarat, India
Date of Birth/Age :	06.12.1958
Date of Appointment :	23.03.1992
DIN No.:	00012572
Name :	Mr. Ashok Chandrakant Gandhi
Designation :	Director
Address :	2, Prabhat Society, Paldi, Ahmedabad - 380007, Gujarat, India
Date of Birth/Age :	04.12.1939
Date of Appointment :	13.08.2012
DIN No.:	00022507
Name :	Mr. Mayur Rajendrabhai Parikh
Designation :	Director
Address :	H/62, Management Enclave, Nehru Parikh Road, Vastrapur, Ahmedabad - 380015, Gujarat, India
Date of Birth/Age :	13.11.1959
Date of Appointment :	15.08.1992
Name :	Mr. Karan Sunil Gupta
Designation :	Executive Director
Address :	No.9, Kalhaar Bungalows, Sector-III Beyond Shilaj Village, Bopal Post, Ahmedabad - 380058, Gujarat, India
Date of Birth/Age :	09.10.1989
Date of Appointment :	01.04.2012
DIN No.:	03435462
Name :	Mrs. Rupal Sunil Gupta
Designation :	Whole-Time Director
Address :	No.9, Kalhaar Bungalows, Sector-III Beyond Shilaj Village, Bopal Post, Ahmedabad - 380058, Gujarat, India
Date of Birth/Age :	15.10.1961
Date of Appointment :	23.03.1992
DIN No.:	00012611
Name :	Mr. Chirag Ashokbhai Mehta
Designation :	Director
Address :	5, Janpad Society, P. T. College Road, Paldi, Ahmedabad – 380006, Gujarat, India
Date of Birth/Age :	07.05.1975
Date of Appointment :	24.10.2008
DIN No.:	02500707

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2013

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	3417012	49.88
Bodies Corporate	128000	1.87
Sub Total	3545012	51.75
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	3545012	51.75
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	816522	11.92
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 Million	908938	13.27
Individual shareholders holding nominal share capital in excess of Rs. 0.100 Million	572619	8.36
Any Others (Specify)	1006909	14.70
Non Resident Indians	957207	13.97
Hindu Undivided Families	49702	0.73
Sub Total	3304988	48.25
Total Public shareholding (B)	3304988	48.25
Total (A)+(B)	6850000	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	6850000	0.00

Shareholding belonging to the category "Promoter and Promoter Group"

Sl.No.	Name of the Shareholder	Details of Shares held		Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital
		No. of Shares held	As a % of grand total (A)+(B)+(C)
1	Dr Sunil Gupta	1938555	28.30	28.30
2	Rupal Gupta	523889	7.65	7.65
3	Sunil Sitaram Gupta	250000	3.65	3.65
4	Anika Sunil Gupta	245794	3.59	3.59
5	Sunil Gupta HUF	134760	1.97	1.97
6	Karan Interiors Limited	128000	1.87	1.87
7	Karan Sunil Gupta	324004	4.73	4.73
8	Dr Ramesh Shah	10	0.00	0.00
	Total	3545012	51.75	51.75

Shareholding belonging to the category "Public" and holding more than 1% of the Total No. of Shares

Sl. No.	Name of the Shareholder	No. of Shares held	Shares as % of Total No. of Shares	Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital
1	Bimalkumar P Brahmbhatt	819351	11.96	11.96
2	S Sathya	166390	2.43	2.43
3	Upendra H Brahmbhatt	126662	1.85	1.85
4	Sonika Granites Limited	132500	1.93	1.93
5	Sangeetha S	102850	1.50	1.50
6	Dipak Kanayalal Shah	77500	1.13	1.13
7	Bennett Coleman and Company Limited	623375	9.10	9.10
	Total	2048628	29.91	29.91

Shareholding belonging to the category "Public" and holding more than 5% of the Total No. of Shares\

Sl. No.	Name(s) of the shareholder(s) and the Persons Acting in Concert (PAC) with them	No. of Shares	Shares as % of Total No. of Shares	Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital
1	Benenett Coleman and Company Limited	623375	9.10	9.10
2	Bimalkumar P Brahmbhatt	819351	11.96	11.96
	Total	1442726	21.06	21.06

Details of Locked-in Shares

Sl. No.	Name of the Shareholder	No. of Shares	Locked-in Shares as % of Total No. of Shares
1	Bennett Coleman and Company Limited	623375	9.10
2	Karan Sunil Gupta	226625	3.31
	Total	850000	12.41

BUSINESS DETAILS

Line of Business :

Manufacturing and Selling of Laminated Sheets and Doors.

GENERAL INFORMATION

No. of Employees :

Information declined by the management

Bankers :

Punjab National Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
Term Loans
From Banks	0.000	2.542
From Financial Institutions	1.585	3.945
SHORT TERM BORROWING
From banks	198.625	199.235
Bill Discounted under letter of credit	7.077	3.545
Total	207.287	209.267

Banking Relations :	--
Auditors :
Name :	B T Vora and Company Chartered Accountants
Address :	706 "Hemkoot" Opposite Capital Commercial Centre, Ashram Road, Ahmedabad – 380009, Gujarat, India
PAN No.:	AALPV1476A
Enterprise over which control exercised by key management personnel :	· Suncare Traders Limited · Karan Interior Limited · Anik Holding Private Limited

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Millions

A. Reconciliation of Shares outstanding at the begging and at the end of reporting year.

Particulars	No. of shares	Rs. In Millions
Equity shares with voting rights
At the Begning of the year	600000	60.000
Issued During the year	--	--
Outstanding at the end of the year	600000	60.000

B. Details of shares held by each shareholder holding more than 5% of issued share capital:

Class of shares / Name of shareholder	Number of shares held	% holding in that class of shares
Equity shares with voting rights
Dr. Sunil Gupta	2178074	36.30%
Rupal Gupta	509759	8.50%
Bimalkumar P. Brahmbhatt	819351	13.66%
Total	3507184	58.46%

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	60.000	60.000	60.000
(b) Reserves & Surplus	104.317	99.766	97.438
(c) Money received against share warrants	18.905	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	183.222	159.766	157.438
(3) Non-Current Liabilities
(a) long-term borrowings	10.231	7.719	9.338
(b) Deferred tax liabilities (Net)	20.127	16.728	16.577
(c) Other long term liabilities	7.729	7.431	8.325
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	38.087	31.878	34.240
(4) Current Liabilities
(a) Short term borrowings	205.702	202.780	176.012
(b) Trade payables	109.617	113.604	119.010
(c) Other current liabilities	33.819	26.370	23.721
(d) Short-term provisions	8.751	5.318	1.526
Total Current Liabilities (4)	357.889	348.072	320.269
TOTAL	579.198	539.716	511.947
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	180.789	158.630	159.017
(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	0.422	0.422	0.011
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	17.970	9.274	8.109
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	199.181	168.326	167.137
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	222.049	235.733	231.121
(c) Trade receivables	100.109	88.294	85.042
(d) Cash and cash equivalents	30.505	27.992	12.235
(e) Short-term loans and advances	26.961	19.283	15.405
(f) Other current assets	0.393	0.088	1.007
Total Current Assets	380.017	371.390	344.810
TOTAL	579.198	539.716	511.947

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Income	635.869	539.396	431.835
		Other Income	2.690	2.329	3.086
		TOTAL (A)	638.559	541.725	434.921
Less	EXPENSES
		Cost of materials consumed	386.362	319.375	271.790
		Purchases of stock-in-trade	5.292	4.898	7.616
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	0.631	3.752	(34.432)
		Employee benefits expenses	46.485	39.291	35.570
		Other expenses	135.502	116.799	122.416
		TOTAL (B)	574.272	484.115	402.960
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		64.287	57.610	31.961
Less	FINANCIAL EXPENSES (D)		33.994	39.448	27.633
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		30.293	18.162	4.328
Less/ Add	DEPRECIATION/ AMORTISATION (F)		11.899	12.135	10.377
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		18.394	6.027	(6.049)
Less	TAX (H)		7.431	0.213	(0.414)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		10.963	5.814	(5.635)
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		68.845	66.818	72.453
	BALANCE CARRIED TO THE B/S		72.897	68.845	66.818
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	114.159	100.273	91.051
	TOTAL EARNINGS		114.159	100.273	91.051
	IMPORTS
		Raw Materials	115.108	114.481	118.301
		Stores & Spares	0.000	0.000	1.511
		Capital Goods	8.729	5.523	8.109
		Publicity Item	0.000	0.000	0.618
	TOTAL IMPORTS		123.837	120.004	128.539
	Earnings Per Share (Rs.)		1.83	0.97	(0.94)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	1.72	1.07	(1.30)
Net Profit Margin (PBT/Sales)	(%)	2.89	1.12	(1.40)
Return on Total Assets (PBT/Total Assets}	(%)	3.18	1.12	(1.18)
Return on Investment (ROI) (PBT/Networth)		0.10	0.04	(0.03)
Debt Equity Ratio (Total Debt /Networth)		1.18	1.32	1.18
Current Ratio (Current Asset/Current Liability)		1.06	1.07	1.08

LOCAL AGENCY FURTHER INFORMATION

CURRENT MATURITIES OF LONG-TERM DEBT

(Rs. In Millions)

Particular	31.03.2013	31.03.2012	31.03.2011
Current maturities of long-term debt
Secured
From banks	2.551	6.796	7.483
From Financial Institutions	3.662	3.387	2.801
Unsecured
From banks	3.626	1.091	--
From Financial Institutions	8.996	1.338	--
Total	18.835	12.612	10.284

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	Yes
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

LITIGATION DETAILS

HIGH COURT OF GUJARAT

SPECIAL CRIMINAL APPLICATION No. 339 of 2011

Status : PENDING

CCIN No : 001047201100339

Next Listing Date:

21/01/2014

Coram

HONOURABLE MR.JUSTICE M.D. SHAH

S.NO.	Name of the Petitioner	Advocate On Record
1	PEST CONTROL (INDIA) PVT.LTD.-THRO'MANDAR KULKARNI (DIVISION	MR RC SEJPAL for: Applicant(s)  1 MS AMRITA AJMERA for: Applicant(s)  1

S.NO.	Name of the Respondant	Advocate On Record
1 2 3 4 5 6 7	BLOOM DEKOR LTD SUNIL SITARAM GUPTA (MANAGING DIRECTOR) RUPAL SUNIL GUPTA (DIRECTOR) ASHOK CHANDRAKANT GANDHI (DIRECTOR) MAYUR RAJENDRABHAI PARIKH (DIRECTOR) STATE OF GUJARAT P.S.I.	NOTICE SERVED for :Respondent(s)  1 , 7 M/S THAKKAR ASSOC. for :Respondent(s)  2 - 3 , 5 MR TEJAS P SATTA for :Respondent(s)  4 PUBLIC PROSECUTOR for :Respondent(s)  6

Presented On	: 14/02/2011	Registered On	: 14/02/2011
Bench Category	: SINGLE BENCH	District	: SABARKANTHA
Case Originated From	: THROUGH ADVOCATE	Listed	: 25 times
StageName	: NOTICE RETURNABLE AND ADJOURNED MATTERS

Classification	SJ - SPECIAL CRIMINAL APPLICATION - UNDER ARTICLE 226 - SEEKING DIRECTIONS - THROUGH ADVOCATE
Act	CONSTITUTION OF INDIA

LowerCourt Details

S.No.	LowerCourt CaseDetail	LowerCourtName	JudgeName	Judgmentdate
2	CRIMINAL CASE/21/2007	DISTRICT COURT, HIMATNAGAR	-	-
Office Details

S. No.	Filing Date	Document Name	Advocate Name	Court Fee on Document	Document Details
1	14/02/2011	VAKALATNAMA	MR RC SEJPAL ADVOCATE for PETITIONER(s)  1	5	MR RC SEJPAL:1
2	14/02/2011	CERTIFIED COPY	MR RC SEJPAL ADVOCATE for PETITIONER(s)  1	10	MR RC SEJPAL:1
3	14/02/2011	MEMO OF APPEAL/PETITION/SUIT	MR RC SEJPAL ADVOCATE for PETITIONER(s)  1	100	MR RC SEJPAL:1
4	16/03/2011	VAKALATNAMA	MR TEJAS P SATTA ADVOCATE for RESPONDENT(s)  4	5	MR TEJAS P SATTA:4
5	18/03/2011	VAKALATNAMA	M/S THAKKAR ASSOC. ADVOCATE for RESPONDENT(s)  5	5	-
6	18/03/2011	VAKALATNAMA	M/S THAKKAR ASSOC. ADVOCATE for RESPONDENT(s)  2	5	M/S THAKKAR ASSOC.:2-3,5
7	02/03/2012	AFFIDAVIT	M/S THAKKAR ASSOC. ADVOCATE for RESPONDENT(s)  5 , 5	0	-
8	02/03/2012	AFFIDAVIT IN REPLY	M/S THAKKAR ASSOC. ADVOCATE for RESPONDENT(s)  2	0	M/S THAKKAR ASSOC.:2-3,5
Court Proceedings

S. No.	Notified Date	CourtCode	Board Sr. No.	Stage	Action	Coram
1	22/02/2011	8	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
2	08/04/2011	14	-	NOTICE RETURNABLE AND ADJ. QUASHING MATTERS (BOARD -II)	NEXT DATE	HONOURABLE MR.JUSTICE M.D. SHAH
3	18/04/2011	8	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
4	09/06/2011	14	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.D. SHAH
5	10/06/2011	14	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.D. SHAH
6	21/06/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.D. SHAH
7	23/06/2011	8	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
8	01/07/2011	8	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
9	11/08/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
10	29/08/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.R. SHAH
11	14/09/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE RAJESH H.SHUKLA
12	11/10/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE RAJESH H.SHUKLA
13	18/11/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE RAJESH H.SHUKLA
14	14/12/2011	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
15	16/01/2012	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
16	31/01/2012	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
17	23/02/2012	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
18	02/03/2012	19	44	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
19	16/03/2012	19	30	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
20	29/03/2012	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
21	17/04/2012	17	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE J.C.UPADHYAYA
22	09/05/2012	17	81	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE ANANT S. DAVE
23	19/07/2012	17	73	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE RAJESH H.SHUKLA
24	27/08/2012	11	-	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE RAJESH H.SHUKLA
25	07/01/2014	11	15	NOTICE RETURNABLE AND ADJOURNED MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE M.D. SHAH
26	21/01/2014	11	15	NOTICE RETURNABLE AND ADJOURNED MATTERS		HONOURABLE MR.JUSTICE M.D. SHAH
Available Orders

S. No.	Case Details	Judge Name	Order Date	CAV	Judgement	Questions	Transferred	Download
1	SPECIAL CRIMINAL APPLICATION/339/2011	HONOURABLE MR.JUSTICE M.D. SHAH	23/02/2011	N	ORDER	-	Y	Download

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2013	As on 31.03.2012
LONG TERM BORROWING
From Banks	2.358	1.232
From Financial Institutions	6.288	0.000
Total	8.646	1.232

MANAGEMENT DISCUSSIONS AND ANALYSIS

FINANCIAL PERFORMANCE:

The growth in the local market opened new opportunities for the company to shift focus onto the domestic markets. Domestic sales have shown a growth of 16.02% over the previous year 11-12.

The gross turnover of the company in the year 2012-2013 has shown a growth of 17.88% as compared to the previous year which also exceeded the projections. The turnover of the company in the year 2012-2013 is Rs.635.869 Millions as against Rs.539.396 Millions for the previous year 2011-2012.

The domestic markets in India have shown tremendous up trends in demand due to a boom in the construction industry and new design concepts emerging for sophisticated interiors. This is reason enough for the increase in domestic laminate sales and strategic decisions taken by the management have helped in improving the top line of the company both in the domestic and the international markets.

During the financial year, there had been a number of external factors adversely affecting the performance and profitability of the Company; i.e Increase in 1) raw material cost, for chemicals like Phenol, Methanol, Formaldehyde and Melamine due to rising crude oil prices. 2) Unfavorable exchange rates of US Dollar and EURO 3) Increase in both inward and outward freight costs due to high fuel prices. In addition to this, frequent shortage of raw materials also affected the overall production and in turn, the anticipated top line of the Company.

Despite the downturn in the economy Bloom Dekor has returned an increase of 17.88% on the top line with better margins.

INDUSTRY OVERVIEW AND DEVELOPMENTS:

Globally, the decorative laminate industry is projected to have a marginal growth. However, the domestic market is showing a very healthy double digit growth, which appears to be sustainable for the coming decade mainly on account of boom in the real estate markets which has put a high demand for decorative laminate sheets catering to the interior decoration of the innumerable residential and commercial buildings sector.

At the same time, the Chinese invasion with low prices is adding pressure on the price realizations. The contribution of Indian laminate industry to the world demand is still under utilized and offers a lot of opportunity for the growth in volume.

OUTLOOK AND OPPORTUNITIES:

LAMINATES:

Bloom is continuing to be a preference amongst the architects and the interior designers by the introduction of each of its new collection every season. They will be concentrating on expanding their reach to tie up with new channel partners to increase volume. The 3rd press for laminates will be operational soon and Bloom will look to cater to the door skins market by the introduction of 7x3 sized HPL sheets. Professional Enterprise Resource Planning (ERP) systems have been implemented, which will help the company take strategic decisions on cost cutting and improving the bottom line. With the implementation of the new press and a new product in the form of 7x3, along with creating an entirely new channel partner strategy to market this product, Bloom has great plans to significantly achieve growth with improved margins.

DOORS:

Bloom Doors has seen a significant increase in comparison to the figures for the previous years. There has been excellent acceptance feedback and the company has widened its direct marketing for doors to over a dozen cities outside the home territory. Huge plans are in process and the company should be out with a totally new look and awareness campaign for the use of good decorative doors through its team of efficient sales executives. This B2B product will also find its way to the retail customer through a strategic execution plan of creating a network of channel partners. Distribution policies, a newer product range, branding etc will be a part of this plan. To effectively market doors in the shortest span of time, Bloom will also leverage the Times Treaty and tie up with various professional creative agencies to execute the action plan in a professional and time bound manner to mark its presence and position itself as a premium door manufacturer in this competitive door industry.

CONTINGENT LIABILITIES:

(Rs. in Millions)

Particulars	31.03.2013	31.03.2012
a) Letter of Credit opened for import of Raw materials	62.470	20.061
b) Letter of Credit opened for indigenous Raw material	13.014	10.725
c) Sales bills discounted With Bankers	7.077	3.545
d) Letter of Credit for Capital Goods`	8.206	0.000
e) Income tax demand disputed in appeals	13.753	16.581
f) Gujarat Sales Tax disputed in appeals	0.598	0.598
g) Insurance claim	0.000	2.041
h) Excise and Service tax demand disputed in appeals	0.624	0.987

Note: Future cash outflows in respect of (e) (f) and (h) above are determinable on receipt of judgements / decisions pending with various forums / authorities.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10464087	30/11/2013	20,000,000.00	RELIANCE CAPITAL LTD	"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA	B91077487
2	10208233	30/09/2013 *	326,900,000.00	PUNJAB NATIONAL BANK LIMITED	ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA	B88210224
3	90099550	21/10/2003 *	7,500,000.00	THE KARUR VYSYA BANK LTD.	MOTILAL CENTRE ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA	-
4	90099071	20/12/2002 *	40,000,000.00	EXPORT IMPORT BANK OF INDIA	CENTRE ONE WORLD TRADE CENTRE, FUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	-
5	90097872	28/03/1994	9,000,000.00	GUJARAT STATE FINANCIAL CORPORATION	JALDARSHAN BUILDING ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA	-

* Date of charge modification

FIXED ASSETS

Tangible Assets

· Land

· Buildings

· Plant and Equipment

· Furniture and Fixtures

· Vehicles

· 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 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.61.52
UK Pound	1	Rs.101.48
Euro	1	Rs.84.11

INFORMATION DETAILS

Report Prepared by :

VRN

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	4
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		30

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.