1. Summary Information

		Country	INDIA
Company Name	SUPERHOUSE LIMITED	Principal Name 1	MR. MUKHTARUL AMIN
Status	GOOD	Principal Name 2	MR. ZAFARUL AMIN
		Registration #	20-004910
Street Address	150 FEET ROAD, JAJMAU, KANPUR – 208 010, UTTAR PRADESH
Established Date	14.01.1980	SIC Code	--
Telephone#	91-512-2351120	Business Style 1	MANUFACTURER
Fax #	91-512-2450814	Business Style 2	EXPORTER
Homepage	http://www.supergroup.com	Product Name 1	FINISHED LEATHER
# of employees	1479 (APPROXIMATELY)	Product Name 2	LEATHER PRODUCTS
Paid up capital	Rs.114,198,000/-	Product Name 3	TEXTILE GARMENTS
Shareholders	PROMOTER AND PROMOTER GROUP-54.85% PUBLIC SHAREHOLDING-45.15%	Banking	PUNJAB NATIONAL BANK
Public Limited Corp.	YES	Business Period	34 YEARS
IPO	YES	International Ins.	--
Public Enterprise	YES	Rating	Ba (52)
Related Company
Relation	Country	Company Name	CEO
SUBSIDIARY (WHOLLY OWNED) COMPANY	UK	SUPERHOUSE (U.K.) LIMITED	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,418,741,000	Current Liabilities	993,567,000
Inventories	1,319,491,000	Long-term Liabilities	1,365,158,000
Fixed Assets	1,550,381,000	Other Liabilities	618,554,000
Deferred Assets	0,000	Total Liabilities	2,977,279,000
Invest& other Assets	350,734,000	Retained Earnings	1,547,870,000
		Net Worth	1,662,068,000
Total Assets	4,639,347,000	Total Liab. & Equity	4,639,347,000
Total Assets (Previous Year)	3,983,625,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	5,173,553,000	Net Profit	213,369,000
Sales(Previous yr)	4,632,963,000	Net Profit(Prev.yr)	193,473,000

MIRA INFORM REPORT

Report Date :

20.06.2014

IDENTIFICATION DETAILS

Name :	SUPERHOUSE LIMITED
Formerly Known As :	SUPERHOUSE LEATHERS LIMITED
Registered Office :	150 Feet Road, Jajmau, Kanpur – 208 010, Uttar Pradesh
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	14.01.1980
Com. Reg. No.:	20-004910
Capital Investment / Paid-up Capital :	Rs.114.198 Millions
CIN No.: [Company Identification No.]	L24231UP1980PLC004910
TAN No.: [Tax Deduction & Collection Account No.]	KNPS01554A
Legal Form :	Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and Exporter of Finished Leather, Leather Products (including footwear, accessories etc.) and Textile Garments.
No. of Employees :	1479 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 6640000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a part of Super house Group. IT is an established company having fine track record. Financial position of the company appears to be sound. Overall fundamentals of the company appears to be sound and healthy. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – March 31, 2014

Country Name	Previous Rating (31.12.2013)	Current Rating (31.03.2014)
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

N E W S

The economy grew 4.7 %in 2013/14, marking a second straight year of sub-5 % growth – the worst slowdown in more than a quarter of a century. The data was below an official estimate of 4.9 % annual growth and compared with 4.5 % in the last fiscal year. However, the current account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on overseas purchases and muted import of capital goods helped shrink the current account deficit.

Online retailer Flipkart has acquired fashion portal Myntra as it prepares to battle with the rapidly expanding India arm of the global e-commerce giant Amazon. The company raised $ 210 million from Russian Investment firm DST Global which has also invested in companies like Facebook, Twitter and Alibaba Group.

General Motors will start exporting vehicles from its Talegaon plant near Pune in the second half of 2014. GM was one of the few global carmakers that was using its India plant only for the domestic market.

Google has overtaken Apple as the world’s top brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top 10 of the 100 slots were dominated by US companies.

Infosys lost another heavy weight when B G Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V Balakrishnan being the other two.While Vemuri went on to lead IGate, Balakrishnan joined politics.

Naresh Goyal – promoted Jet Airways posted biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31, mainly because it has been offering discounts to passengers to fill planes.

William S Pinckney – Chairman and CEO of Amway India was arrested by the Andhra Pradesh Police in connection with a complaint against the direct selling firm. This is the second time that he has been taken into custody. A year, ago the Kerala Police had arrested Pinckney and two company directors on charges of financial irregularities.

China has told its state-owned enterprises to sever links with American consulting firms after the United States charged five Chinese military officers wih hacking US companies. China’s action which targets consultancies like McKinsey & Co. and the Boston Consulting Group, sterns from fears that the first are providing trade secrets to the US governments.

India has emerged as a country with some of the highest unregistered businesses in the world. Indonesia has the maximum number of shadow businesses, says a study of 68 countries by Imperial College Business School in London.

Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55 pounds a share.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund Based Facilities=A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	September 2013

Rating Agency Name	ICRA
Rating	Non Fund Based Facilities=A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	September 2013

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED

Management Non Co-operative (91-515-2829452)

LOCATIONS

Registered Office :	150 Feet Road, Jajmau, Kanpur – 208 010, Uttar Pradesh, India
Tel. No.:	91-512-2351120/ 2351867/ 2450391/ 2450373/ 2450396/ 2450398/ 2463373/ 2461391/ 2464398
Fax No.:	91-512-2450814/ 2820325/ 2451124/ 2460814/ 2460296/ 2462124
E-Mail :	share@superhousegroup.com superhou@lw1.vsnl.net.in super@sancharnet.in dkdheer@superhousegroup.com
Website :	http://www.supergroup.com http://www.superhousegroup.com http://www.superhouse.in
Corporate Office/ Central Purchase Department :	D-15/B, UPSIDC, Industrial Area, Phase-II Unnao – 209 801, Uttar Pradesh, India
Tel. No.:	91-515-2029452/ 2829923/ 2829657/ 2829037
Fax No.:	91-515-2929325/ 2829190
Corporate Affairs/ Human Resources Issues Department :	15/288 D, Civil Lines, Kanpur, Uttar Pradesh, India
Tel. No.:	91-512-2304122, 2304251, 3290202
Fax No.:	91-512-2306679
E-Mail :	akagarwal@superhousegroup.com hrd@superhousegroup.com
Plants :	Fashion Shoe Division I D-15, UPSIDC Industrial Area, Site-II, Unnao - 209 801, Uttar Pradesh, India Fashion Shoe Division II A-5,UPSIDC Industrial Area, Site-B, Sikandra, Agra – 282 007, Uttar Pradesh, India Fashion Shoe Division III A-3, Export Promotion Industrial Park, Shastripuram, Agra – 282 007, Uttar Pradesh, India Fashion Shoe Division IV D-18, UPSIDC Industrial Area, Site-II, Unnao – 209 801, Uttar Pradesh, India Tannery I A-1, Site-II, Industrial Area, Unnao – 209 801, Uttar Pradesh, India Tannery II B-16, UPSIDC Industrial Area, Site-II, Unnao - 209 801, Uttar Pradesh, India Tannery III B-3, Site-I, UPSIDC Industrial Area, Unnao – 209 801, Uttar Pradesh, India Upper Division 71-A, Jajmau, Kanpur – 208 010, Uttar Pradesh, India Safety Footwear Division I B-6, UPSIDC Industrial Area, Site-I, Unnao - 209 801, Uttar Pradesh, India Safety Footwear Division II 150 Feet Road, Jajmau, Kanpur – 208 010, Uttar Pradesh, India Safety Footwear Division III Banthar, Unnao – 209 801, Uttar Pradesh, India Readymade Garments Division I A-14, Sector-65, Phase-III, Noida – 201 303, Uttar Pradesh, India Readymade Garments Division II C-10, Sector-58, Phase-II, Noida – 201 303, Uttar Pradesh, India Readymade Garments Division III A-61/2, UPSIDC Industrial Area, Sikandrabad, Bulandshahr – 203 205, Uttar Pradesh, India Safety Garments Division E-23, 24 UPSIDC Industrial Area, Site-I, Unnao – 209 801, Uttar Pradesh, India Leather Garments and Bags Division A-69, Sector-57, Noida - 201 301, Uttar Pradesh, India
Division Office :	Upper Division 102/88 - A (10) Wazidpur, 150 Feet Road, Jajmau, Kanpur – 208 010, Uttar Pradesh, India Tel: 91-515 - 2460496, 2463373, 2461391 Fax: 91-515 - 2460814, 2462124 Chrome Tannery Division A-1 C-1 Industrial Area, Site-II, Unnao – 209 801, Uttar Pradesh, India Tel: 91-515 - 2829750, 2829850 Fax: 91-515 - 2829325, 2829190 Goat Tannery B-15,16 and 17, Industrial Area, Site, Unnao – 209 801, Uttar Pradesh, India Tel: 91-515-2829845, 2829812, 2829248 Fax: 91-515-2829658, 2829190 Harness and Sole Tannery B-16 and 17, Site II Industrial Area, Unnao – 209 801, Uttar Pradesh, India Tel.:  91-515-282845, 2829812, 2829248, 2829658 Fax.: 91-515-2829190 Shoe Division D-15/B, UPSIDC, Industrial Area, Phase-II, Unnao – 209 801, Uttar Pradesh, India Tel: 91-51 -2829452, 2829923, 2829657, 2829037 Fax: 91-515-2829325, 2829190 Safety Footwear Division B-6, Site-I UPSIDC, Industrial Area, Unnao – 209 801, Uttar Pradesh, India Tel: 91-515 - 2829656, 2829384, 2829675, 2829803 Fax: 91-515 - 2829325, 2829190 Fashion Shoe Division I Plot No.A-3, A-4, B-4, B-5, B-6, Export Promotion Industrial Park (EPIP), Shastri Puram, Agra, Uttar Pradesh, India Tel: 91-562-26423352, 2640183, 2642336 Fax: 91-562-2640184 Fashion Shoe Division II A-5, UPSIDC, Industrial Rea, Site-B, Sikandra, Agra Shastri Puram, Agra, Uttar Pradesh, India Tel: 91-562-2642336 Leather Garments Division B-37, Sector - 59, Phase-II, Noida, Uttar Pradesh, India Tel: 91-120-2584819, 2585819 Fax: 91-120-2584976 Textile Garments Division C-10, Sector-58, Phase-II, Noida, Uttar Pradesh, India Tel: 91-120-2580095,2490630 Fax: 91-120-2580095 Marketing Office, Bangalore Marketing Office, Noida C-10, Sector-58, Phase-II, Noida, Uttar Pradesh, India Tel: 91-120-2580095, 2490630 Fax: 91-120-2580095 Marketing Office, Chennai 42/1/II, Main Road, Kalaimagal Nagar, Ekkathuthqngal, Chennai – 600 097, Tamilnadu, India Tele-fax: 91-44-22253731 Super Footwear Limited Shed No.1, Leather Complex, Site-II, Industrial Area, Unnao – 209 801, Uttar Pradesh, India Fax: 91-515-2829325, 2829190 Superhouse Shoes Limited E-54, UPSIDC, Industrial Area, Phase-II, Unnao, Uttar Pradesh, India Tel: 91-515-2829289 Amin International Limited E-55, UPSIDC, Industrial Area, Phase-II, Unnao, Uttar Pradesh, India Tel: 91-515-2829704
Overseas Office :	Located at: · UK · USA · UAE · Denmark · China

DIRECTORS

AS ON 31.03.2013

Name :

Mr. Mukhtarul Amin

Designation :

Managing Director

Address :

15/288, Civil Lines, Kanpur – 208 001, Uttar Pradesh, India

Date of Birth :

17.02.1952

Qualification :

B.Sc.

Date of Appointment :

01.03.2012

DIN No.:

00012108

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Managing director	01/03/2012	02/09/1984	-	Active	NO
2	U90002UP1991NPL013823	UNNAO TANNERIES POLLUTION CONTROL COMPANY	Director	16/12/1991	16/12/1991	-	Active	NO
3	U19129DL1997PTC091253	TRITAN LEATHER WORKS PRIVATE LIMITED	Director	19/12/1997	19/12/1997	28/01/2013	Active	NO
4	U80211UP2004PLC028406	SUPERHOUSE EDUCATIONAL FOUNDATION	Director	16/03/2004	16/03/2004	-	Active	NO
5	U29219UP2004PLC029284	CREEMOS INTERNATIONAL LIMITED	Director	03/12/2004	03/12/2004	-	Active	NO
6	U45208UP2005NPL029731	INDUSTRIAL INFRASTRUCTURE SERVICES (INDIA)	Director	30/03/2005	30/03/2005	-	Active	NO
7	U45201UP2006PLC031511	AMIN COLONIZERS AND DEVELOPERS LIMITED	Director	17/03/2006	17/03/2006	-	Active	NO
8	U93090TN1984NPL010934	COUNCIL FOR LEATHER EXPORTS	Director	10/01/2007	10/01/2007	-	Active	NO
9	U19115UP2008PLC041646	KANPUR - UNNAO LEATHER CLUSTER DEVELOPMENT COMPANY LIMITED	Director	08/05/2008	11/04/2008	-	Active	NO
10	U85300DL2008NPL181612	NATIONAL SKILL DEVELOPMENT CORPORATION	Director	15/09/2008	15/09/2008	15/01/2009	Active	NO
11	U85191UP2009NPL038346	AZAD MULTISPECIALITY HOSPITALS AND RESEARCH CENTRE LIMITED	Director	29/09/2012	20/11/2009	-	Active	NO
12	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	26/11/2009	26/11/2009	24/08/2012	Active	NO
13	U15122UP2003PLC027772	MODRIBA HYGIENE SOLUTIONS LIMITED	Director	12/01/2011	12/01/2011	15/03/2011	Active	NO
14	U93030UP2012PLC052414	LEATHER CLUSTER DEVELOPMENT LIMITED	Director	07/09/2012	07/09/2012	-	Active	NO

Name :

Mr. Zafarul Amin

Designation :

Managing Director

Address :

15/288, Civil Lines, Kapur – 208 001, Uttar Pradesh, India

Date of Birth :

27.01.1983

Date of Appointment :

01.04.2012

DIN No.:

00015533

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Managing director	01/04/2012	30/01/2002	-	Active	NO
2	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	26/11/2009	26/11/2009	24/08/2012	Active	NO

Name :

Mrs. Shahina Mukhtar

Designation :

Whole-time Director

Address :

15/288, Civil Lines, Kanpur – 208 001, Uttar Pradesh, India

Date of Birth :

05.01.1956

Date of Appointment :

01.04.2012

DIN No.:

00015442

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Whole-time director	01/04/2012	14/01/1980	-	Active	NO
2	U80211UP2004PLC028406	SUPERHOUSE EDUCATIONAL FOUNDATION	Director	16/03/2004	16/03/2004	-	Active	NO
3	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	26/11/2009	26/11/2009	24/08/2012	Active	NO
4	U51109UP1985PLC007002	STEVEN CONSTRUCTION LIMITED	Director	09/09/2013	15/09/2012	-	Active	NO

Name :

Mr. Vinay Sanan

Designation :

Executive Director

Address :

801, Gokul Apartment, 16/16 civil Lines, Kanpur – 208 001, Uttar Pradesh, India

Date of Birth :

12.10.1956

Date of Appointment :

01.08.2011

DIN No.:

00014536

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Whole-time director	01/08/2011	02/01/1996	-	Active	NO
2	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	15/03/2012	15/03/2012	-	Active	NO

Name :

Mr. Anil Kumar Agarwal

Designation :

Director Finance

Address :

249/2, Civil Lines, Kanpur, – 208 001, Uttar Pradesh, India

Date of Birth :

05.12.1954

Date of Appointment :

01.04.2012

DIN No.:

00014645

Other Directorships :

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	U90002UP1991NPL013823	UNNAO TANNERIES POLLUTION CONTROL COMPANY	Director	16/12/1991	16/12/1991	-	Active	NO
2	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Whole-time director	01/04/2012	15/10/1996	-	Active	NO
3	U80211UP2004PLC028406	SUPERHOUSE EDUCATIONAL FOUNDATION	Director	16/03/2004	16/03/2004	-	Active	NO
4	U29219UP2004PLC029284	CREEMOS INTERNATIONAL LIMITED	Director	03/12/2004	03/12/2004	-	Active	NO
5	U15122UP2003PLC027772	MODRIBA HYGIENE SOLUTIONS LIMITED	Director	12/01/2011	12/01/2011	15/03/2011	Active	NO
6	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	15/03/2012	15/03/2012	-	Active	NO

Name :

Mr. Mohammad Shadab

Designation :

Whole-time Director

Address :

13/392-A-1, Civil Lines, Kapur – 208 001, Uttar Pradesh, India

Date of Birth :

16.01.1977

Date of Appointment :

01.04.2012

DIN No.:

00098221

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Whole-time director	01/04/2012	22/08/1998	Active	NO

Name :

Mr. Anil Soni

Designation :

Director

Address :

120/243, Lajpat Nagar, Kapur – 208 012, Uttar Pradesh, India

Date of Birth :

22.08.1961

Date of Appointment :

06.03.2004

DIN No.:

00023188

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	06/03/2004	06/03/2004	Active	NO
2	U74120UP2012PTC049137	AGRIYAH SAFETY GEAR PRIVATE LIMITED	Director	01/03/2012	01/03/2012	Active	NO
3	AAA-9314	AGRIYAH INTERNATIONAL LLP	Designated Partner	22/05/2012	22/05/2012	Active	NO

Name :

Dr. Krishna Kumar Agarwal

Designation :

Director

Address :

IV-23, Laxmi Bagh Colony, Lawab Ganj, Kanpur – 208 002, Uttar Pradesh, India

Date of Birth :

31.01.1953

Date of Appointment :

06.03.2004

DIN No.:

00022719

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	06/03/2004	06/03/2004	Active	NO
2	U24233UP2012PTC051566	INNOVARKA INTERNATIONAL PRIVATE LIMITED	Director	20/07/2012	20/07/2012	Active	NO

Name :

Mr. Kamal Agarwal

Designation :

Director

Address :

117/277-0-Block, Geeta Nagar, Kanpur – 208 025, Uttar Pradesh, India

Date of Birth :

22.12.1952

Date of Appointment :

28.01.2006

DIN No.:

00022904

Other Directorships :

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	U74300UP1990PLC012172	ROJUS ENTERPRISES LIMITED	Director	30/11/1998	30/11/1998	Active	NO
2	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	28/01/2006	28/01/2006	Active	NO

Name :

Mr. Nemi Chand Jain

Designation :

Director

Address :

601, Sanskruti, Plot No.2, Sector – 42, Nerul, Navi Mumbai – 400 706, Maharashtra, India

Date of Birth :

16.05.1939

Date of Appointment :

05.09.2005

DIN No.:

00031283

Other Directorships :

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	U65990MH1994PTC078713	LEX INFOTAX (INDIA) PRIVATE LIMITED	Director	14/02/2002	14/02/2002	-	Active	NO
2	L92132MH1982PLC028767	ZEE ENTERTAINMENT ENTERPRISES LIMITED	Director	18/07/2002	18/07/2002	31/03/2011	Active	NO
3	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
4	L72900MH1999PLC151355	ETC NETWORKS LIMITED	Director	22/07/2006	22/07/2006	-	Amalgamated	NO

Name :

Mr. Syed Javed Ali Hashmi

Designation :

Director

Address :

89/218-C, Flat No.101, Dalal Purwa, Kanpur – 208 001, Uttar Pradesh, India

Date of Birth :

29.05.1973

Date of Appointment :

30.01.2010

DIN No.:

00014726

Other Directorships :

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	U15494UP1995PLC017879	AMIN INTERNATIONAL LIMITED	Director	26/02/2001	26/02/2001	-	Active	NO
2	U15122UP2003PLC027772	MODRIBA HYGIENE SOLUTIONS LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
3	U45202UP2005PTC031066	ALLEN INFRASTRUCTURES PRIVATE LIMITED	Director	08/07/2006	08/07/2006	20/06/2008	Active	NO
4	U45400UP2008PTC035014	UNIQUE INFRA & MART PRIVATE LIMITED	Director	16/04/2008	16/04/2008	01/06/2012	Active	NO
5	U51109UP1985PLC007002	STEVEN CONSTRUCTION LIMITED	Director	09/09/2013	27/01/2009	-	Active	NO
6	U24231UP1994PLC017329	SUPERHOUSE ACCESSORIES LIMITED	Director	02/07/2013	27/01/2009	-	Active	NO
7	U19111UP1991PLC013492	CHOWDHARY OVERSEAS LIMITED	Director	15/06/2013	27/01/2009	-	Active	NO
8	U74300UP1990PLC012172	ROJUS ENTERPRISES LIMITED	Director	09/09/2013	27/01/2009	-	Active	NO
9	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	30/01/2010	30/01/2010	-	Active	NO
10	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Managing director	24/08/2012	21/12/2010	-	Active	NO
11	U18204UP2013PTC057033	DEMURE FASHIONS PRIVATE LIMITED	Director	15/05/2013	15/05/2013	-	Active	NO

Name :

Mr. Dilip Kumar Dheer

Designation :

Director

Address :

120/233, Lajpat Nagar, Kanpur – 208 005, Uttar Pradesh, India

Date of Birth :

01.03.1950

Date of Appointment :

13.11.2010

DIN No.:

03341879

Other Directorships :

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	L24231UP1980PLC004910	SUPERHOUSE LIMITED	Director	13/11/2010	13/11/2010	Active	NO
2	U80904UP2009PLC038784	KNOWLEDGEHOUSE LIMITED	Director	24/08/2012	24/08/2012	Active	NO

KEY EXECUTIVES

Name :	Mr. Raj Kumar Agrawal
Designation :	Company Secretary
Address :	133/92-0-Block, Kidwai Nagar, Kanpur – 208 023, Uttar Pradesh, India
Date of Birth :	01.04.1959
Date of Appointment :	07.06.2007
PAN No.:	AEIPA3874Q

SHAREHOLDING PATTERN

AS ON 31.03.2014

Names of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	2369508	21.49
Bodies Corporate	3681366	33.39
Sub Total	6050874	54.88
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	6050874	54.88
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	3587	0.03
Financial Institutions / Banks	4025	0.04
Sub Total	7612	0.07
(2) Non-Institutions
Bodies Corporate	685454	6.22
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	3589288	32.56
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	558669	5.07
Any Others (Specify)	133103	1.21
Non Resident Indians	80456	0.73
Hindu Undivided Families	43632	0.40
Clearing Members	8515	0.08
Clearing Member/Public Trust	500	0.00
Sub Total	4966514	45.05
Total Public shareholding (B)	4974126	45.12
Total (A)+(B)	11025000	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)	11025000	0.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Finished Leather, Leather Products (including footwear, accessories etc.) and Textile Garments.

Products :

Item Code No.	Product Description
4104 and 4106 and 4107	Finished Leather
640610	Shoe Uppers
6403	Footwear

· Accessories

· Leather Garments

· Rugs and Chaps

· Textile Garments

PRODUCTION STATUS (AS ON 31.03.2011)

Class of Goods	Unit	Capacity (per Annum)		Actual Production
		Licensed*	Installed**
Shoe Upper	Pairs	1000000	912000	317742
Leather Hides	Hides	1420000	900000	480558
Leather skin	Pcs	1500000	1750000	1175420
Shoes	Pairs	5200000	3422000	3281736
Leather Products	Pcs	50000	N. A.	288331
Textile Garment	Pcs	1150000	1530000	1059759
Animal Feed	MT.	900	720	225

Notes:

* Per memorandum of information filed with secretariat for industrial approvals, government of India.

** Being technical matter, as certified by the management.

*** Actual production represents entire production including interdivisional transfers, as it is not possible to ascertain the quantity intended for sale and those intended for internal use.

GENERAL INFORMATION

No. of Employees :

1479 (Approximately)

Bankers :

· Punjab National Bank, Kanpur, Uttar Pradesh, India

Tel. No.: 91-512-2317986 / 2362117 / 2311577

Fax No.: 91-512-2311232

· State Bank of India, Overseas Branch, 15/54-B, Civil Court Road, Civil Lines, Kanpur, Uttar Pradesh, India

Tel. No.: 91-512-2354990 / 2368174

Fax No.: 91-512-2313474

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions
Long Term Borrowings
Indian rupee loan from bank	63.216
Foreign currency loan from bank	290.412
Short Term Borrowings
Working Capital Loans
Indian rupee loan from bank	956.526
Foreign currency loan from bank	55.004
Total	1365.158

Secured Loans	31.03.2012 Rs. in Millions
LONG TERM BOROWINGS
Term Loans
Indian rupee loan from bank(s)	144.883
Foreign currency loan from bank(s)	165.529
SHORT TERM BOROWING
Working Capital Loans
Indian rupee loan from bank(s)	743.426
Foreign currency loan from bank(s)	45.690
Total	1099.528

NOTES:

LONG TERM BOROWINGS

Indian rupee and foreign currency loans from bank(s) are primarily secured by equitable mortgage/hypothecation of specific fixed assets. Also secured collaterally by equitable mortgage of company's specific land and building. Further secured by personal guarantee of promoter director(s) of the company. ECB carries a non disposable undertaking of the Shares of the acquired WOS.

These Loans are repayable over a period upto 6 years. Continuing default in respect of principal and or interest

SHORT TERM BOROWING

Working Capital Loans are primarily secured by hypothecation of present and future stock of raw materials, stock in process, finished goods, stores and spares, book debts, outstanding monies, receivable claims, bills and materials in transit. Also secured collaterally by equitable mortgage of company's specific factory land and building.

Banking Relations :	--
Auditors :
Name :	Kapoor Tandon and Company Chartered Accountants
Address :	24/57, First Floor, Birhana Road, Opposite Central Chest Clinic, Kanpur – 208 001, Uttar Pradesh, India
Tel No.:	91-512-2361244
Fax No.:	91-512-2361244
E-Mail :	nkapoornarendra@rediffmail.com kapoornarendra@rediffmail.com
Subsidiary (Wholly owned) Company :	· Superhouse (U.K.) Limited, UK · Superhouse (USA) International Inc., USA · Superhouse Middle East FZC, Azman · Briggs Industrial Footwear Limited (U.K.) · Linea De Seguridad S.L.U., Spain · Superhouse GMBH, Germant
Associates :	· Unnao Tanneries Pollution Control Company (A company registered under Section 25 of the Companies Act, 1956) · Tritan Leather Works Private Limited · Steven Construction Limited · Amin International Limited · Knowledgehouse Limited
Others :	· Prime International (a partnership firm) · Shoe House (a partnership firm) · Chowdhary Overseas Limited · Super Tannery Limited · Rojus Enterprises Limited · Moderiba Hygene Solution Limited · Superhouse Accessories Limited · Creemos International Limited · Rivera Trendz Private Limited · Super Shoes Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11025000	Equity Shares	Rs.10/- each	Rs.110.250 millions
	Add: Equity Shares forfeited (Amount originally paid up in respect of 3947718 share)		Rs.3.948 millions
	Total		Rs.114.198 millions

Reconciliation of the shares outstanding at the beginning and at the end of the year:

Equity shares	As at 31^st March, 2013
	No. of Shares	Amount (Rs. in millions)
At the beginning of the year	11025000	110.250
Changes during the year	--	--
Outstanding at the end of the year	11025000	110.250

Term/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Bonus Shares/Shares for consideration other than cash issued and Buy Back of shares during preceding five years: NIL

Shares held by holding/ultimate holding company and/or their subsidiaries/associates: NIL

Details of shareholders holding more than 5% shares in the company

Name of the Share Holder	As at 31^st March, 2013
	No. of Shares	% held
Mr. Mukhtarul Amin	1303106	11.85%
Steven Construction Limited	1325719	11.87%

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	114.198
(b) Reserves & Surplus	1547.870
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	1662.068
(3) Non-Current Liabilities
(a) long-term borrowings	353.628
(b) Deferred tax liabilities (Net)	129.928
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	483.556
(4) Current Liabilities
(a) Short term borrowings	1011.530
(b) Trade payables	947.098
(c) Other current liabilities	488.626
(d) Short-term provisions	46.469
Total Current Liabilities (4)	2493.723
TOTAL	4639.347
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1550.381
(ii) Intangible Assets	0.000
(iii) Capital work-in-progress	54.806
(iv) Intangible assets under development	0.000
(b) Non-current Investments	295.928
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	62.678
(e) Other Non-current assets	8.864
Total Non-Current Assets	1972.657
(2) Current assets
(a) Current investments	0.000
(b) Inventories	1319.491
(c) Trade receivables	870.930
(d) Cash and cash equivalents	222.266
(e) Short-term loans and advances	129.418
(f) Other current assets	124.585
Total Current Assets	2666.690
TOTAL	4639.347

SOURCES OF FUNDS		31.03.2012	31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		114.198	114.198
2] Share Application Money		0.000	1.446
3] Reserves & Surplus		1361.087	1193.960
4] (Accumulated Losses)		0.000	0.000
NETWORTH		1475.285	1309.604
LOAN FUNDS
1] Secured Loans		1099.528	1177.953
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		1099.528	1177.953
DEFERRED TAX LIABILITIES		103.065	101.950
TOTAL		2677.878	2589.507
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1403.758	1225.397
Capital work-in-progress		75.239	87.837
Advance for Capital Expenditure		0.000	30.506
INVESTMENT		193.206	48.510
DEFERRED TAX ASSETS		0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	1156.391	1072.372
	Sundry Debtors	704.586	804.092
	Cash & Bank Balances	224.112	211.227
	Other Current Assets	99.165	96.577
	Loans & Advances	127.168	110.116
Total Current Assets		2311.422	2294.384
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	762.976	824.923
	Other Current Liabilities	481.134	207.831
	Provisions	61.637	64.373
Total Current Liabilities		1305.747	1097.127
Net Current Assets		1005.675	1197.257
MISCELLANEOUS EXPENSES		0.000	0.000
TOTAL		2677.878	2589.507

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	5173.553
		Other Income	56.320
		TOTAL (A)	5229.873
Less	EXPENSES
		Cost of Materials Consumed	2907.086
		Purchase of Stock-in-trade	261.769
		(Increase)/ Decrease in Inventories of finished goods, work-in-progress and Traded goods	(23.230)
		Employee Benefits Expenses	305.641
		Other Expenses	1167.509
		TOTAL (B)	4618.775
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		611.198
Less	FINANCIAL EXPENSES (D)		171.946
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		439.152
Less	DEPRECIATION/ AMORTISATION (F)		113.327
	PROFIT BEFORE TAX (E-F) (G)		325.825
Less	TAX (H)		112.456
	PROFIT AFTER TAX (G-H) (I)		213.369
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		540.175
Less	APPROPRIATIONS
		Proposed Dividend	16.538
		Dividend Distribution Dividend	2.811
		Transferred to General Reserve	100.000
	BALANCE CARRIED TO THE B/S		634.195
	EARNINGS IN FOREIGN CURRENCY
		Export of goods calculated on FOB Basis	4146.497
		Dividend Received	4.076
	TOTAL EARNINGS		4150.573
	IMPORTS
		Raw Materials	263.042
		Stores & Spares	307.860
		Capital Goods	75.462
		Finished Goods	27.593
	TOTAL IMPORTS		673.957
	Earnings Per Share (Rs.)		19.35

	PARTICULARS		31.03.2012	31.03.2011
	SALES
		Revenue from operations (net)	4632.963	4432.037
		Other Income	28.770	53.091
		TOTAL	4661.733	4485.128
Less	EXPENSES
		Materials consumed	2893.255	2833.022
		(Increase)/decrease in Inventories of Finished Goods, Work-in-Process and Traded Goods	(102.686)	(130.417)
		Employee Benefits Expense	251.449	--
		Other Expenses	1066.785	--
		Manufacturing, Administrative, Selling and Distribution Expenses	--	1430.302
		TOTAL	4108.803	4132.907 (including financial expenses)
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		552.930
Less	FINANCIAL EXPENSES		159.823
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		393.107	352.221
Less/ Add	DEPRECIATION/ AMORTISATION		96.719	91.699
	PROFIT BEFORE TAX		296.388	260.522
Less	TAX		102.915	88.699
	PROFIT AFTER TAX		193.473	171.823
	INCOME TAX RELATING TO EARLIER YEARS		(1.886)	0.004
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		467.808	415.201
Less	APPROPRIATIONS
		Proposed Dividend	16.537	16.537
		Tax on Proposed Dividend	2.683	2.683
		Transferred to General Reserve	100.000	100.000
	BALANCE CARRIED TO THE B/S		540.175	467.808
	EARNINGS IN FOREIGN CURRENCY
		Export of goods calculated on FOB Basis	3774.926	3552.387
		Dividend Received	0.341	0.000
	TOTAL EARNINGS		3775.267	3552.387
	IMPORTS
		Raw Materials	255.292	403.619
		Chemicals, Stores, Components and Spare Parts	215.270	172.930
		Capital Goods	46.060	79.190
		Finished Goods	0.023	0.444
	TOTAL IMPORTS		516.645	656.183
	Earnings Per Share (Rs.)		17.38	15.58

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	4.08	4.15	3.83
Net Profit Margin (PBT/Sales)	(%)	6.30	6.40	5.88
Return on Total Assets (PBT/Total Assets}	(%)	7.73	7.98	7.40
Return on Investment (ROI) (PBT/Networth)		0.20	0.20	0.20
Debt Equity Ratio (Total Debt /Networth)		0.82	1.63	1.74
Current Ratio (Current Asset/Current Liability)		1.07	1.77	2.09

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	4,432.037	4,632.963	5,173.553
		4.533	11.668

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Millions	Rs. In Millions	Rs. In Millions
Sales	4,432.037	4,632.963	5,173.553
Profit	171.823	193.473	213.369
	3.88%	4.18%	4.12%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	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]	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

EXPORT AWARDS:

The President of India accorded prestigious Niryat Shree Award to subject during the year. Further, the company has also won the Best Exporter Awards in overall Export Category for 2012-13. In addition to Best Export Award in overall category, the company also received Best Export Award in Non-Leather Harness and Saddlery and 2nd place Export Award in Leather Footwear category.

MANAGEMENT DISCUSSION AND ANALYSIS

MACROECONOMIC OVERVIEW.

Following the slowdown induced by the global financial crisis in 2008-

09, the Indian economy responded strongly to fiscal and monetary stimulus and achieved a growth rate of 8.6 per cent and 9.3 per cent respectively in 2009-10 and 2010-11. However, with the economy exhibiting inflationary tendencies, the Reserve Bank of India (RBI) started raising policy rates in March 2010. High rates as well as policy constraints adversely impacted investment, and in the succeeding two years viz. 2011-12 and 2012-13, the growth rate slowed to 6.2 per cent and 5.0 per cent respectively. Nevertheless, despite this slowdown, the compound annual growth rate (CAGR) for gross domestic product (GDP) at factor cost, over the decade ending 2012-13 is 7.9 per cent.

The moderation in growth is primarily attributable to weakness in industry, which registered a growth rate of only 3.5 per cent and 3.1 per cent in 2011-12 and 2012-13 respectively. The rate of growth of the manufacturing sector was even lower at 2.7 per cent and 1.9 percent for these two years respectively.

Industry Structure and Development

The Leather Industry holds a prominent place in the Indian economy. This sector is known for its consistency in high export earnings and it is among the top ten foreign exchange earners for the country. The leather industry is spread in different segments, namely, Finished Leather, Footwear, Footwear Components, Leather Garments and

Leather Goods including Bags, Saddlery, Harness and Leather Gloves etc. as under:-

Tanning Sector - Annual production 2 billion Sq. Ft. Accounts for 10% of world leather requirement.

Footwear Sector - Second largest footwear producer after China. Annual Production 2065 million pairs. Huge domestic retail market 1950 million pairs (95%) are sold in domestic market. Footwear export accounts for 41.14% share in India's total leather & leather products export. The Footwear product mix Gents 54%, Ladies 37% and Children 9%.

Leather Garments Sector - Second largest producer with an annual production capacity of 16 million pieces. Third largest global exporter. Accounts for 11.28% share of India's total leather export.

Leather Goods & Accessories Sector including Saddlery & Harness - Fifth largest global exporter. Annual production capacity - 63 million pieces of leather articles, 52 million pairs of Industrial gloves & 12.50 million pieces of Harness & Saddlery items. Accounts for 25.76% share of India's total export.

As per DGCI&S monthly export data, the export of leather and leather products for the year 2012-13 stands at US$4996.91 million against the export of US$4873.53 million during the previous period, registering a positive growth of 2.53%.

In Rupee terms, export of leather & leather products has shown considerable growth. However, a marginal decline is seen in export of footwear components.

In Dollar terms, export of finished leather, leather goods, saddlery & harness and non-leather footwear have shown positive growth. A marginal decline is seen in export of leather footwear and leather garments while footwear components declined by 13.09%.

The major markets for Indian Leather & Leather Products are Germany with a share of 12.60%, UK 11.96%, USA 10.51%, Hong Kong 8.82%, Italy 8.77%, France 6.39%, Spain 5.34%, Netherlands 3.79%, China 2.48%, Belgium 1.86%, U.A.E.2.53%, Australia 1.48%. These 12 countries together accounts for nearly 76.53% of India's total leather Export of leather & leather products to major markets like USA, UK, France, Hong Kong, Australia, Denmark, Canada, Sweden, Japan, UAE and Saudi Arabia have shown positive growth during April,- March, 2012-13.

Declining trend is seen in export to Germany, Italy, Spain, Russia, Netherlands, Greece, South Africa and Portugal.

Export different categories of Footwear alone holds a major share of 41.14% in India's total leather & leather products exports with an export value of US$2055.93 mn. This is followed by Leather Goods & Accessories with a share of 23.59%, finished leather 21.82%, leather garments 11.28% and saddlery & harness 2.17%.

SEGMENT-WISE PERFORMANCE:

The segment-wise performance of the company during the year is as under:

Segments	Turnover
a. Leather and Leather Products	Rs.4406.800 millions (previous year Rs.3944.700millions)
b. Textile Garments	Rs.691.700 millions (previous year Rs. 654.500 millions)

OUTLOOK:

As medium to long-run prospect of Indian Economy, including the Industrial Sector, continues to be positive, a rise in saving and demand for consumable products is quite inevitable. The leather industry is basically a consumer product industry hence with the increase in demand for consumer production; the prospect of the leather industry is bright. During current year the pace of growth of leather industry is expected to be maintained.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10451879	03/09/2013	1,100,000.00	STATE BANK OF INDIA	KAMLA NAGAR BRANCH, AGRA – 282 004, UTTAR PRADESH, INDIA	B86094067
2	10383515	29/09/2012	86,700,000.00	BANK OF BARODA	S.M.E. BRANCH,117/K/21-B, SARVODAYA NAGA, KANPUR – 208 025, UTTAR PRADESH, INDIA	B60921418
3	10382212	30/08/2012	2,075,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B60340346
4	10351690	12/03/2012	1,071,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B38210837
5	10332059	07/12/2011	6,380,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B30632442
6	10281084	08/04/2011	111,000,000.00	BANK OF BARODA SME BRANCH	117/K/21-B, SARVODAYA NAGAR, KANPUR - 208 025, UTTAR PRADESH, INDIA	B10929347
7	10254809	23/11/2010	609,428.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B01296763
8	10254807	23/11/2010	2,175,353.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI – 400 013, MAHARASHTRA, INDIA	B01296540
9	10227701	08/06/2010	1,035,000.00	PUNJAB NATIONAL BANK	MALL ROAD, KANPUR – 208 001, UTTAR PRADESH, INDIA	A89194393
10	10221574	21/05/2010	270,000.00	PUNJAB NATIONAL BANK	MALL ROAD, KANPUR – 208 001, UTTAR PRADESH, INDIA	A86956679

* Date of charge modification

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. in Millions
Claim against the company not acknowledged as debt	4.322	2.563
Contingent Liabilities in respect of:
i. Guarantees issued by the Bank	11.761	16.353
ii. Corporate Guarantee(s) to bank(s) against credit facilities extended to wholly owned subsidiaries in U.K and UAE	301.240	295.423
iii. Letter of Credit opened and outstanding	206.672	215.111
iv. Duty on Export obligation pending	97.528	52.235
v. Electricity demand pending litigation	1.584	1.584
vi. Forward Exchange Contracts	--	424.671
vii. Uncalled Liability on Shares partly paid	--	4.000

FIXED ASSETS:

· Land Leasehold

· Land Freehold

· Building – Factory

· Building – Non-Factory

· Plant and Equipments

· Furniture and Fittings

· Vehicles

· Computers

PRESS RELEASES:

SUPERHOUSE ACQUIRES SPANISH FOOTWEAR COMPANY - LINEA DE SEGURIDAD

December 01, 2012

Superhouse Limited has acquired a Spanish Safety Footwear manufacturer company Linea De Seguridad. S.L. This is third International acquisition by the Company in Europe in last five years. This acquisition will help the company to increase the business in Spain and neighboring countries, immensely. Last year, Superhouse acquired 100% stake in British footwear firm Briggs Industrial Footwear. The Superhouse is looking for more acquisition in near future.

Superhouse, which has history of winning maximum number of export awards, recently received export award for its outstanding export performance from Hon’ble President of India Mr. Pranav Mukherjee.

Linea De Seguridad.S.L., a leading company in the safety footwear in Spanish market, located at Arnedo and founded in 1992. The company has a capacity to manufacture 800000 pairs a year.

Linea de Seguridad, SL offers one of the widest ranges of safety footwear in the market. The company manufactures and sells under following brand names:-

a- CHANTIER:- products of high quality to the best price of the market.

b- SECURITY LINE:- articles with the highest quality on the market in different collections.

c- TAO SAFETY:- top of the line! Maximum quality with the exclusive Perspiration System. Represent top comfort and technology.

d- TAO TREKKING:- a market success of Trekking footwear with the exceptional PERSPIRATION SYSTEM. Design and functionality at its best.

Acquirer company Superhouse Limited is a multi-unit and multi-product conglomerate with brand leadership in the field of footwear manufacturing and exports. The group is well equipped with the most modern machineries and a specialized workforce and produces all types of quality leather, leather goods, footwear and textile garments that are appreciated all over the world. It owns very reputed brands like 'Allen Cooper', and 'Double Duty' for marketing footwear and garments.

SUPERHOUSE WINS BEST EXPORT AWARD

Superhouse Limited again bagged ‘Excellence Awards 2012’ for best performance in Export of Focus Products. Mr. Anand Sharma, Hon’ble Minister of Commerce, Industry and Textile handed over the award to Mr. Mukhtarul Amin, Chairman and Managing Director of the company in a grand ceremony held at Mumbai on 24th November, 2012.

Superhouse, having history of winning maximum number of export awards, recently received export award for its outstanding export performance from Hon’ble President of India Mr Pranav Mukherjee.

Apart from export, the company is also making its physical presence in European Countries in a big way. The Superhouse has already made three International Acquisition and further looking for more acquisitions in near future.

Superhouse is a multi-unit and multi-product Company having 18 units located at Kanpur, Unnao, Agra, Noida and Sikanderabad District Bulandshahar manufacturing leather safety footwear, fashion footwear for men, women and kids, leather garments, leather accessories like purses, belts, portfolio bags etc. and textile safety, riding and fashion garments. The company has been exporting its products to more than 35 countries of the world. Apart from having its office in major metros, the Company has overseas offices at UK, USA, Germany, UAE and Spain. The Company has established its brand leadership in the field of footwear manufacturing and exports.

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.60.00
UK Pound	1	Rs.102.05
Euro	1	Rs.81.71

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUM
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.