1. Summary Information

		Country	India
Company Name	D R POLYMERS LIMITED	Principal Name 1	Mr. Dinesh Kumar Jain
Status	Moderate	Principal Name 2	Mr. Rekha Jain
		Registration #	043773
Street Address	71/7 , Rama Road Industrial Area, New Delhi-110015, Delhi
Established Date	03.04.1991	SIC Code	--
Telephone#	91-11-4502300	Business Style 1	Importer
Fax #	91-11-25923001 / 5923009	Business Style 2	Trader
Homepage	http://www.drpolymers.com	Product Name 1	Poly Carbonate
# of employees	50 (Approximately)	Product Name 2	PP Polypropylene
Paid up capital	Rs.35,533,000	Product Name 3	-
Shareholders	Bodies Corporate 35% Directors or relative of Directors 65%	Banking	Bank of Baroda
Public Limited Corp.	No	Business Period	23 Years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (34)
Related Company
Relation	Country	Company Name	CEO
Associates	India	Ankush Holdings Limited, India	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2013		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	970,107,000	Current Liabilities	292,420,000
Inventories	440,101,000	Long-term Liabilities	835,365,000
Fixed Assets	44,473,000	Other Liabilities	7,097,000
Deferred Assets	604,000	Total Liabilities	1,134,882,000
Invest& other Assets	0.000	Retained Earnings	284,870,000
		Net Worth	320,403,000
Total Assets	1,455,285,000	Total Liab. & Equity	1,455,285,000
Total Assets (Previous Year)	1,894,553,000
P/L Statement as of	31.03.2013		(Unit: Indian Rs.)
Sales	3,488,750,000	Net Profit	13,381,000
Sales(Previous yr)	3,247,023,000	Net Profit(Prev.yr)	17,967,000

MIRA INFORM REPORT

Report Date :

09.05.2014

IDENTIFICATION DETAILS

Name :	D R POLYMERS LIMITED
Registered Office :	71/7 , Rama Road, Industrial Area, New Delhi – 110015, Delhi
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	03.04.1991
Com. Reg. No.:	55-043773
Capital Investment / Paid-up Capital :	Rs.35.533 Millions
CIN No.: [Company Identification No.]	U74899DL1991PLC043773
PAN No.: [Permanent Account No.]	AAACD0500F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Importer and Trader of Plastic Raw Material
No. of Employees :	50 (Approximately) (Office + Factory)

RATING & COMMENTS

MIRA’s Rating :

B (34)

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

Maximum Credit Limit :	USD 1300000
Status :	Moderate
Payment Behaviour :	Slow But Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating constrained on account of company’s moderate financial risk profile and thin profitability margin of the company. However, trade relations are fair. Business is active. Payment terms are slow but correct. The company can be considered for business dealing 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.

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

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

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 PARTED BY

Name :	Mr. Puran Singh
Designation :	Accounts Manager
Contact No.:	91-11-45023000
Date :	21.04.2014

LOCATIONS

Registered Office / Head Office :	71/7 , Rama Road Industrial Area, New Delhi – 110015, Delhi, India
Tel. No.:	91-11-4502300
Fax No.:	91-11-25923001 / 25923009
E-Mail :	info@drpolymers.com chanderp2003@yahoo.co.in
Website :	http://www.drpolymers.com
Branch Office 1 :	Gurgaon Office, Plot No.52, Sector-18, Gurgaon, Huda (Haryana)
Tel. No.:	91-124-4014877 / 78
Mob No.:	91-9953999305 (Mr. Sandeep Shah)
E-Mail :	gurgaon@drpolymers.com
Branch Office 2 :	Noida Office, A-13, Phase-II, Near Phonix, Noida (Uttar Pradesh)
Mob No.:	91-9953999312 (Mr. Moti Lal Manda) / 91-9873277773 (Mr. Shreyansh Jain)
E-Mail :	noida@drpolymers.com
Branch Office 3 :	Himachal Pradesh Office, Village Gullarwal, P.O. Karunava, Near Auriobindo School, Sai Road Baddi (Himachal Pradesh)
Tel. No.:	Mr. Davendra Rana 01795-244448
Mob No.:	91-9318572277 (Mr. Davendra Rana)
Branch Office 4 :	Uttrakhand Office, Village Bongla Rookre Road, Near Aryan Inter College, Bahadrabad, Haridwar (Uttrakhand)
Mob No.:	91-9953999306 (Mr. Rajeev Nayyar)
E-Mail :	rajivnayyar@drpolymers.com
Branch Office 5 :	Maharashtra Office, Survey No. 150, Godown No. 782/4, Jairam Compound, Rahanal Village, Thane Bhivandi Road, District Thane, Maharashtra
Mob No.:	91-9873277773 (Mr. Shreyansh)
E-Mail :	shreyanshdr@gmail.com

DIRECTORS

As on: 31.03.2013

Name :

Mr. Dinesh Kumar Jain

Designation :

Director

Address :

GB-24, Shivaji Enclave, New Delhi – 110027, Delhi, India

Date of Birth/Age :

23.01.1961

Qualification :

Graduate

Date of Appointment :

03.04.1991

PAN No.:

AAAPJ1340C

DIN No.:

00037352

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	U74899DL1991PLC043773	D R POLYMERS LIMITED	Director	01/06/2008	03/04/1991	-	Active	NO
2	U74899DL1991PTC044658	D R BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	18/06/1991	18/06/1991	-	Active	NO
3	L45200GJ1992PLC017761	NAVKAR BUILDERS LIMITED	Director	27/04/1995	27/04/1995	29/05/2008	Active	NO
4	U17219GJ1995PLC026650	ANKUSH HOLDINGS LIMITED	Director	23/11/2006	23/11/2006	-	Active	NO
5	U45201GJ2003PTC042930	RAJNAGAR REALTY PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
6	U45200DL2008PTC175167	STPI INFRAPROJECTS PRIVATE LIMITED	Director	04/08/2008	04/08/2008	-	Active	NO
7	U74899DL1981PTC012879	SHIVANI TOYS PRIVATE LIMITED	Director	06/08/2012	25/11/2011	-	Active	NO

Name :

Ms. Rekha Jain

Designation :

Director

Address :

GB-24, Shivaji Enclave, New Delhi – 110027, Delhi, India

Date of Birth/Age :

21.10.1966

Qualification :

Graduate

Date of Appointment :

15.04.1994

PAN No.:

AAJPJ1318C

DIN No.:

00037354

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	U74899DL1991PLC043773	D R POLYMERS LIMITED	Director	15/04/1994	15/04/1994	-	Active	NO
2	U74899DL1991PTC044658	D R BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	15/03/1999	15/03/1999	-	Active	NO
3	U17219GJ1995PLC026650	ANKUSH HOLDINGS LIMITED	Director	23/11/2006	23/11/2006	-	Active	NO
4	U45200DL2008PTC175167	STPI INFRAPROJECTS PRIVATE LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO

Name :

Mr. Shreyansh Jain

Designation :

Director

Address :

GB-24, New Delhi – 110027, Delhi, India

Date of Birth/Age :

01.04.1989

Qualification :

Graduate

Date of Appointment :

01.01.2008

PAN No.:

CDSPS0886F

DIN No.:

02162122

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	U74899DL1991PLC043773	D R POLYMERS LIMITED	Director	01/01/2008	01/01/2008	-	Active	NO
2	U45200DL2008PTC175167	STPI INFRAPROJECTS PRIVATE LIMITED	Director	25/09/2008	25/09/2008	-	Active	NO
3	U74899DL1991PTC044658	D R BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	01/04/2010	01/04/2010	-	Active	NO
4	U45201DL2004PTC129934	ONAXE BUILDERS AND PROMOTERS PRIVATE LIMITED	Director	30/09/2011	06/07/2011	20/09/2012	Active	NO
5	U74899DL1981PTC012879	SHIVANI TOYS PRIVATE LIMITED	Director	06/08/2012	25/11/2011	-	Active	NO
6	U72200DL2006PTC150671	T X G SOLUTIONS PRIVATE LIMITED	Director	08/08/2013	01/04/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Puran Singh
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 31.03.2013

Names of Shareholders	No. of Shares
Dinesh Kumar Jain	192455
Rekha Doshi	37295
Ankush Holding Limited, India	95000
Gurdeep Kaur	10
Gurpal Singh	10
Kuldeep Kaur	10
Mayank Rastogi	10
Sunil Kumar Rastogi	10
Paramjit Singh	10
Priyank Rastogi	10
D.R Builder and Promoters Private Limited, India	30000
Mirdul Rastogi	10
Shreyansh Jain	500
Total	355330

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	35.00
Directors or relatives of Directors	65.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Importer and Trader of Plastic Raw Material
Product :	· PP Polypropylene · PPCP · HDPE High-Density Polyethylene · LLDPE Linear Low-Density Polyethylene · LDPE Low-Density Polyethylene · Delrin · Poly Carbonate · SAN · Nylon6 · Acrylic · Ethyl Vinyl Acetate (EVA) · Acrylonitrile – Butadiene-Styrene Copolymer (ABS) · General Purpose Polystyrene (GPPS) · High-Impact Polystyrene (HIPS)
Terms :
Selling :	Advance Payment , L\C , Cheque and Credit
Purchasing :	Advance Payment , L\C , Cheque and Credit

GENERAL INFORMATION

Customers :

· Maruti Suzuki

· Hero Honda

· Tata Motors

· Bajaj Distinctly Ahead

· Pricol

· Minda NK Minda Group

· Ashok Leyland

· LGF

· Samsung

No. of Employees :

50 (Approximately) (Office + Factory)

Bankers :

· Bank of Baroda, Kirti Nagar, New Delhi – 110015, India.

· ING Vyasya Bank Limited, 2/10, W.H.S. Kirti Nagar, Delhi – 110015, Delhi, India.

· Karur Vysya Bank Limited, 65/7, First Floor, New Rohtak Road, Karol Bagh, Delhi – 110005, India.

· Indusind Bank Limited, Dr. Gopal Das Bhawan28, Barakhamba Road, New Delhi-110001, Delhi, India.

· UTI Bank Limited, Trishul 3^rd Floor Opposite Samartheswar Temple, Law Garden Ellisbridge, Ahmedabad-380006, Gujarat, India.

· Corporation Bank, Overseas Branch, HT House KG Marg, Connaught Place, New Delhi-110001, Delhi, India.

· CITI Bank, N. A., Jeevan Bharti Building, 4^th Floor, 124 Connaught Circus, Connaught Place, New Delhi – 110001, Delhi, India.

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Rupee Term Loans from Banks	40.957	47.550
Short Term Borrowings
Loans Repayable on Demand from Banks	759.688	1315.028
Total	800.645	1362.578

Banking Relations :

---

Auditors :

Name :

Chander Prakash and Company

Chartered Accountant

Address :

207, Padma Tower-II , Rajendra Place, New Delhi – 110088, Delhi, India

PAN No.:

AAIFC7091H

Associates Company :

· D.R. Builders and Promoters Private Limited, India

CIN No.:U74899DL1991PTC044658

· Ankush Holdings Limited, India

CIN No.:U1721GJ1995PLC026650

· Petrochem Asia Private Limited, India

CIN No.:U74999DL2011PTC224058

CAPITAL STRUCTURE

As on: 31.03.2013

Authorised Capital:

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs.50.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
355330	Equity Shares	Rs.100/- each	Rs.35.533 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	35.533	35.533	35.533
(b) Reserves & Surplus	284.870	271.629	255.334
(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)	320.403	307.162	290.867
(3) Non-Current Liabilities
(a) long-term borrowings	75.677	92.850	28.650
(b) Deferred tax liabilities (Net)	0.000	0.000	0.317
(c) Other long term liabilities	0.821	0.838	0.740
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	76.498	93.688	29.707
(4) Current Liabilities
(a) Short term borrowings	759.688	1,318.656	5.828
(b) Trade payables	253.707	136.452	60.907
(c) Other current liabilities	37.892	29.593	110.467
(d) Short-term provisions	7.097	9.002	21.152
Total Current Liabilities (4)	1,058.384	1,493.703	198.354
TOTAL	1,455.285	1,894.553	518.928
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	44.473	40.860	40.792
(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)	0.604	0.097	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	6.906	7.508	5.070
Total Non-Current Assets	51.983	48.465	45.862
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	440.101	244.068	280.670
(c) Trade receivables	640.884	654.197	244.092
(d) Cash and cash equivalents	125.460	648.696	(360.301)
(e) Short-term loans and advances	23.400	92.396	59.173
(f) Other current assets	173.457	206.731	249.432
Total Current Assets	1,403.302	1,846.088	473.066
TOTAL	1,455.285	1,894.553	518.928

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2013	31.03.2012	31.03.2011
	SALES
	Income	3,488.750	3,247.023	2,235.151
	Other Income	54.004	25.831	6.049
	TOTAL (A)	3,542.754	3,272.854	2,241.200
Less	EXPENSES
	Cost of Materials Consumed	0.000	0.000	0.000
	Purchases of Stock-in-Trade	3,404.111	3,016.600	2,159.371
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(196.033)	36.602	(100.362)
	Employees benefits expense	12.195	10.993	8.950
	Other expenses	82.726	80.165	90.468
	Exceptional Items	114.479	38.018	(17.554)
	TOTAL (B)	3,417.478	3,182.378	2,140.873
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	125.276	90.476	100.327
Less	FINANCIAL EXPENSES (D)	99.900	59.721	34.467
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	25.376	30.755	65.860
Less/ Add	DEPRECIATION/ AMORTISATION (F)	5.405	4.200	2.989
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	19.971	26.555	62.871
Less	TAX (I)	6.590	8.588	20.900
	PROFIT/ (LOSS) AFTER TAX (G-I) (J)	13.381	17.967	41.971
	Earnings / (Loss) Per Share (Rs.)	37.66	50.56	118.12

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.38	0.55	1.87
Net Profit Margin (PBT/Sales)	(%)	0.57	0.81	2.81
Return on Total Assets (PBT/Total Assets}	(%)	1.37	1.40	12.12
Return on Investment (ROI) (PBT/Networth)		0.06	0.09	0.22
Debt Equity Ratio (Total Debt /Networth)		2.61	4.60	0.12
Current Ratio (Current Asset/Current Liability)		1.33	1.24	2.38

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	35.533	35.533	35.533
Reserves & Surplus	255.334	271.629	284.870
Net worth	290.867	307.162	320.403
long-term borrowings	28.650	92.850	75.677
Short term borrowings	5.828	1,318.656	759.688
Total borrowings	34.478	1,411.506	835.365
Debt/Equity ratio	0.119	4.595	2.607

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	2,235.151	3,247.023	3,488.750
		45.271	7.445

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	2,235.151	3,247.023	3,488.750
Profit	41.971	17.967	13.381
	1.88%	0.55%	0.38%

LOCAL AGENCY FURTHER INFORMATION

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

NOTES:

The Registered Address of the company has been shifted from 101 DR Complex C 24 Mansarover Garden, Delhi – 110015, India to the Present address w.e.f. 16.02.2011

GENERAL REVIEW:

The company’s performance was satisfactory during the year. The company achieves its target of its turnover. The Directors are hopeful that the company will achieve its target of Net Profit in the year to come. The future of the company seems to be bright.

UNSECURED LOAN

(Rs. In Millions)

	As on 31.03.2013	As on 31.03.2012
Long Term Borrowings
Other Loans and Advances, Others	25.470	45.300
Loans and Advances from Others	9.250	0.000
Other Loans and Advances	0.000	3.628
Total	34.720	48.928

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10398886	11/01/2013	216,000,000.00	INDUSIND BANK LTD.	Dr. Gopal Das Bhawan 28, Barakhamba Road, New Delhi - 110001, Delhi, INDIA	B66446329
2	10324431	14/07/2012 *	150,000,000.00	Bank of Baroda	Kirti Nagar, New Delhi - 110015, Delhi, INDIA	B43854272
3	90044250	19/12/2013 *	430,000,000.00	ING Vysya Bank Limited	2/10, W.H.S,, KIRTI NAGAR,, Delhi, Delhi - 110015, INDIA	B96235262
4	90043621	20/08/2013 *	380,000,000.00	CITI Bank N.A	Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, INDIA	B85325470

* Date of charge modification

FIXED ASSETS:

· Land

· Plant and Equipment

· Factory Equipments

· Other Plant and Equipment

· Furniture and Fixtures

· Vehicles

· Motor Vehicles

· Office Equipment

· Computer Equipments

· Other Equipments

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.101.75
Euro	1	Rs.83.48

INFORMATION DETAILS

Information Gathered by :	PRT
Analysis Done by :	KRN
Report Prepared by :	VNK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES	YES
--LITIGATION	NO	NO
--OTHER ADVERSE INFORMATION	NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	NO	NO
--EXPORT ACTIVITIES	NO	NO
--AFFILIATION	NO	NO
--LISTED	NO	NO
--OTHER MERIT FACTORS	YES	YES
DEFAULTER
--RBI	NO	NO
--EPF	NO	NO
TOTAL		34

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.