MIRA INFORM REPORT

Report Date :

01.10.2014

IDENTIFICATION DETAILS

Name :	SREE NARASIMHA TEXTILES PRIVATE LIMITED
Registered Office :	Post Box No.2, Sulur, Coimbatore – 641 402, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	10.02.1976
Com. Reg. No.:	18-000755
Capital Investment / Paid-up Capital :	Rs.1.726 Millions
CIN No.: [Company Identification No.]	U17111TZ1976PTC000755
TAN No.: [Tax Deduction & Collection Account No.]	CMBS03148F
PAN No.: [Permanent Account No.]	AAECS1811L
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Cotton Yarn.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

A (68)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 5070000
Status :	Good
Payment Behavior :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the company is strong and healthy. Trade relation reported to be fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

Verdict Implications : Apex court order may alter coal import dynamics. Traders go slow on talks over coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.

Recent arrest of the Chennai head of the Registrar of Companies, the ministry of corporate affairs arm that ensures that companies file all the information required by the Companies Act is the latest manifestation of a messy fight between a father and his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as bribe from M A M Ramaswamy, a CBI official said.

Central Bureau of Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.

Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would take a few more quarters to bring down levels to 13-15 %.

DHL  to invest Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its e-commerce business model for the Asia-Pacific region.

Blackstone may buy stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.

Kingfisher Airlines Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses, recently approached the Delhi high court for relief in two separate cases. The airline challenged a notice by Punjab & National Bank alleging that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with the requirements under the listing agreements with the Stock Exchanges.

OnMobile likely to sack another 300 employees. The lay-offs follow a spate of senior-level exits over the past two years, starting with of its founder. The overall lay-offs could number around 600 and are driven by the need to cut costs, says a former employee.

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating: AA-
Rating Explanation	High degree of safety and very low credit risk.
Date	29 October, 2014

Rating Agency Name	CRISIL
Rating	Short term rating: A1+
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	29 October, 2014

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 31-03-2014.

INFORMATION DECLIEND

Management non – co-operative (91-422-3223033)

LOCATIONS

Registered Office :	Post Box No.2, Sulur, Coimbatore – 641 402, Tamilnadu, India
Tel. No.:	91-422-2687227/3223033
Fax No.:	91-422-2688342
E-Mail :	mail@premiermills.com snteou@vsnl.com

DIRECTORS

As on: 21.09.2013

Name :

Mr. Karadibhavi Lakshminarasimhalu Varadarajan

Designation :

Director

Address :

# 9, V.P. Naidu Street, Avanashi Road, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

16.08.1932

Date of Appointment :

10.02.1976

PAN No.:

ACOPV5014F

DIN No.:

00028300

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	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	10/02/1976	10/02/1976	-	Active	NO
2	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	09/01/1996	09/01/1996	-	Active	NO
3	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
4	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
5	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
6	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
7	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
8	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
9	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Managing director	01/04/2012	01/04/2004	-	Active	NO

Name :

Dr. Karadibhavi Varadarajan Srinivasan

Designation :

Managing Director

Address :

# 3, V.P. Naidu Street, Avanashi Road, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

13.03.1961

Date of Appointment :

07.06.1991

DIN No.:

00004103

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	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	27/09/1985	27/09/1985	-	Active	NO
2	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Director	01/07/1989	01/07/1989	-	Active	NO
3	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Managing director	07/06/1991	07/06/1991	-	Active	NO
4	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Director	07/09/1991	07/09/1991	-	Active	NO
5	U63040TZ1978PTC000813	HOLIDAY TRAVELS PRIVATE LIMITED	Director	29/09/1992	29/09/1992	-	Active	NO
6	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Managing director	16/11/1994	16/11/1994	-	Active	NO
7	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Managing director	01/06/2007	08/03/1995	-	Active	NO
8	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
9	U17111TZ1994PTC005512	PTL TEXTILES COIMBATORE PRIVATE LIMITED	Director	17/08/2001	17/08/2001	-	Active	NO
10	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
11	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
12	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
13	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
14	U07010TZ2003PTC010636	PPL HOLDINGS PRIVATE LIMITED	Director	18/06/2003	18/06/2003	-	Active	NO
15	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
16	U40108TZ2003PTC010686	PALAVOOR WIND FARMS PRIVATE LIMITED	Director	24/07/2003	24/07/2003	03/02/2009	Active	NO
17	U40108TZ2003PTC010753	PERUNGUDI WIND FARMS PRIVATE LIMITED	Director	05/09/2003	05/09/2003	-	Active	NO
18	U17120MH1967PLC013669	CONFEDERATION OF INDIAN TEXTILE INDUSTRY	Director	24/09/2003	24/09/2003	-	Active	NO
19	U70101TZ2004PTC010970	PULANKINAR HOLDINGS PRIVATE LIMITED	Director	09/02/2004	09/02/2004	-	Active	NO
20	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Managing director	13/11/2009	01/04/2004	-	Active	NO
21	U65993TZ2004PTC011200	PACHAPALAYAM HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
22	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
23	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Director	04/08/2006	04/08/2006	-	Active	NO
24	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Director	04/08/2006	04/08/2006	-	Active	NO
25	U70101TZ2007PTC013415	THENNAMPALAYAM HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
26	U70101TZ2007PTC013414	PALLADAM HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
27	U70101TZ2007PTC013416	NEELAMBUR HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
28	U70102TZ2007PTC013417	IRUGUR HOLDINGS PRIVATE LIMITED	Director	06/02/2007	06/02/2007	-	Active	NO
29	U91110MH1954NPL009385	THE COTTON TEXTILES EXPORT PROMOTION COUNCIL	Director	21/09/2007	21/09/2007	-	Active	NO
30	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	15/09/2008	23/08/2008	-	Active	NO
31	U70101TZ2002PTC010074	BAGALUR HOLDINGS PRIVATE LIMITED	Director	28/09/2012	24/04/2012	-	Active	NO

Name :

Mr. Jampala Venkatesam Chowdhury

Designation :

Director

Address :

# 1, V.P. Naidu Street, Avanashi Road, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

29.06.1962

Date of Appointment :

27.04.1987

DIN No.:

00009439

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	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	27/09/1985	27/09/1985	-	Active	NO
2	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	27/04/1987	27/04/1987	-	Active	NO
3	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	10/11/1995	10/11/1995	-	Active	NO
4	U67120TZ1997PTC007914	RATHNA BHOOMI ENTERPRISES PRIVATE LIMITED	Director	16/05/1997	16/05/1997	-	Active	NO
5	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Director	12/04/2000	12/04/2000	-	Active	NO
6	U45201TZ2001PTC009960	SUPER AIRPORT INFRASTRUCTURE (INDIA) PRIVATE LIMITED	Managing director	22/11/2001	22/11/2001	-	Active	NO
7	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
8	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
9	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
10	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
11	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
12	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	13/11/2009	01/04/2004	-	Active	NO
13	U91990TZ1939GAP000035	THE COIMBATORE COSMOPOLITAN CLUB	Director	28/09/2005	28/09/2005	23/09/2009	Active	NO
14	U45201PY2007PTC002762	KARAIKAL INFRASTRUCTURE PRIVATE LIMITED	Managing director	15/03/2007	15/03/2007	-	Active	NO
15	U45203PY2007PTC002083	KARAIKAL AIRPORT PRIVATE LIMITED	Managing director	31/01/2012	17/08/2007	-	Active	NO
16	U62100TZ2007PTC013934	CONTI AVIATION PRIVATE LIMITED	Director	14/09/2007	14/09/2007	-	Active	NO
17	U45203TZ2007PTC013935	KILAKKARAI INFRASTRUCTURE PRIVATE LIMITED.	Managing director	15/09/2007	14/09/2007	-	Active	NO
18	U63033TZ2007PTC013941	RAMNAD AIRPORT PRIVATE LIMITED	Managing director	23/08/2008	19/09/2007	-	Active	NO
19	U74140TZ2007PTC013946	J. V. C. CORPORATE SERVICES PRIVATE LIMITED	Director	21/09/2007	21/09/2007	-	Strike off	NO
20	U17111TZ2007PTC014008	J V C TEXTILES PRIVATE LIMITED	Managing director	08/03/2008	01/11/2007	-	Strike off	NO
21	U01100TZ2008PTC014484	SUPER AGRO ENTERPRISES (INDIA) PRIVATE LIMITED	Managing director	16/05/2008	16/05/2008	-	Active	NO
22	U45203TZ2008PTC014485	J V C AIRPORT INFRASTRUCTURE PRIVATE LIMITED	Managing director	21/05/2008	21/05/2008	-	Strike off	NO
23	U74999TZ2008PTC014518	SUPER AIRPORT PRIVATE LIMITED	Managing director	31/01/2012	03/06/2008	-	Active	NO
24	U63033TZ2008PTC014574	SALEM AIRPORT PRIVATE LIMITED	Director	18/06/2008	18/06/2008	-	Active	NO
25	U63033TZ2008PTC014744	HOSUR AIRPORT PRIVATE LIMITED	Director	05/09/2008	05/09/2008	-	Active	NO
26	U63033TZ2008PTC014756	VELLORE AIRPORT PRIVATE LIMITED	Director	12/09/2008	12/09/2008	-	Active	NO

Name :

Mr. Sridhar Varadaraj

Designation :

Executive Director

Address :

# 9, V.P. Naidu Street, Avanashi Road, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

24.11.1969

Date of Appointment :

30.09.1994

PAN No.:

ABBPV9120C

DIN No.:

00007603

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	U02919TZ1985PTC001672	ESVEE CONSULTANTS AND ENGINEERS PRIVATE LIMITED	Director	25/06/1988	25/06/1988	-	Active	NO
2	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	30/09/1994	30/09/1994	-	Active	NO
3	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Managing director	23/08/1995	23/08/1995	-	Active	NO
4	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	05/01/1996	05/01/1996	-	Active	NO
5	U72200TZ1998PTC008616	NUVA SYSTEMS PRIVATE LIMITED	Managing director	20/10/1998	20/10/1998	-	Active	NO
6	U70101TZ2002PTC010117	SREE NARASIMHA HOLDINGS PRIVATE LIMITED	Director	26/03/2002	26/03/2002	-	Active	NO
7	U65993TZ2002PTC010400	LAKSHMI NARASIMHA HOLDINGS PRIVATE LIMITED	Director	16/12/2002	16/12/2002	-	Active	NO
8	U65993TZ2002PTC010415	SNT HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
9	U65993TZ2002PTC010416	KARADIVAVI HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	-	Active	NO
10	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	18/06/2003	18/06/2003	-	Active	NO
11	U07010TZ2003PTC010647	LAKSHMI NARASIMHA HOLDINGS (COIMBATORE) PRIVATE LIMITED	Director	25/06/2003	25/06/2003	-	Active	NO
12	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
13	U65993TZ2004PTC011200	PACHAPALAYAM HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
14	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
15	U70101TZ2004PTC010971	P C T HOLDINGS PRIVATE LIMITED	Director	06/09/2005	06/09/2005	-	Active	NO
16	U74999TZ1981PTC001106	PRIMERO INTIMATES PRIVATE LIMITED	Director	29/09/2012	12/04/2012	-	Active	NO

Name :

Mr. Ravi Sankar Lingam

Designation :

Director

Address :

23, Anugraha, Arunachalam Road, Nawab Gardens, Kotturpuram, Chennai - 600 085, Tamilnadu, India

Date of Appointment :

07.06.1991

DIN No.:

00185931

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	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	07/06/1991	07/06/1991	-	Active	NO
2	U99999MH2000GOI129113	SBI LIFE INSURANCE COMPANY LIMITED	Director	05/03/2002	05/03/2002	21/06/2012	Active	NO
3	U74140TN2005PTC058076	BRAHMAYYA CONSULTANTS PRIVATE LIMITED	Director	22/11/2005	22/11/2005	-	Active	NO
4	U55101TZ1995PTC006173	SUPER AIRPORT HOLDINGS (INDIA) PRIVATE LIMITED	Director	15/09/2008	23/08/2008	15/03/2010	Active	NO
5	U67120MH1995PLC092283	NATIONAL SECURITIES CLEARING CORPORATION LIMITED	Nominee director	21/05/2013	21/05/2013	-	Active	NO

Name :

Dr. Sivakumar Venkatachalam Ramachandran

Designation :

Director

Address :

268/1, Race Course, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

23.10.1948

Date of Appointment :

26.09.1992

DIN No.:

02022127

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	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	26/09/1992	26/09/1992	-	Active	NO
2	U18101TZ1994PTC005140	FABTEX INDIA PRIVATE LIMITED	Managing director	07/01/2011	21/05/1998	-	Active	NO

Name :

Mr. Damotharan Rajendran

Designation :

Director

Address :

# 233, Tea Estate, Race Course, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

17.12.1948

Date of Appointment :

28.09.2001

DIN No.:

00003848

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	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Managing director	10/03/2006	27/09/1978	-	Active	NO
2	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	16/11/1994	16/11/1994	-	Active	NO
3	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	08/03/1995	08/03/1995	-	Active	NO
4	U05110TZ1981PTC001026	SHEELA TRADERS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
5	U65993TZ1981PTC001013	SHEELA INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
6	U65993TZ1980PTC000921	SHEELA INVESTMENT PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
7	U65993TZ1992PTC003615	SAMEERA RAJENDRAN INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
8	U65993TZ1992PTC003616	ROHIT RAJENDRAN INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
9	U65993TZ1992PTC003617	COIMBATORE SAMEERA INVESTMENTS PRIVATE LIMITED	Director	28/09/1998	28/09/1998	-	Active	NO
10	U52110TZ1987PTC001973	CARE PRODUCTS PRIVATE LIMITED	Director	18/12/1998	18/12/1998	-	Active	NO
11	U29191TZ1984PTC001443	RAAVIAR ENGINEERING PRIVATE LIMITED	Director	18/12/1998	18/12/1998	-	Active	NO
12	U65993TZ1999PTC008834	PRIMERA INVESTMENTS PRIVATE LIMITED	Director	12/04/1999	12/04/1999	-	Active	NO
13	U17115TZ1984PTC001383	PREMIER TEXTURISERS PRIVATE LIMITED	Director	11/08/1999	11/08/1999	-	Active	NO
14	U17111TZ1987PTC001943	COIMBATORE HOLDINGS PRIVATE LIMITED	Director	19/08/1999	19/08/1999	-	Active	NO
15	U17111TZ1981PTC001108	PREMIER TEXTILE TRADERS PRIVATE LIMITED	Director	13/08/2001	13/08/2001	-	Active	NO
16	U17111TZ1994PTC005512	PTL TEXTILES COIMBATORE PRIVATE LIMITED	Director	17/08/2001	17/08/2001	03/02/2009	Active	NO
17	U65993TZ1983PTC001284	OTHAKKALMANDAPAM INVESTMENT AND FINANCE PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
18	U65993TZ1985PTC001691	BELATHUR INVESTMENTS PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
19	U65993TZ1985PTC001690	BAGALUR INVESTMENTS PRIVATE LIMITED	Director	17/09/2001	17/09/2001	-	Active	NO
20	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	28/09/2001	28/09/2001	-	Active	NO
21	U65993TZ2002PTC010417	GLENDALE HOLDINGS PRIVATE LIMITED	Director	26/12/2002	26/12/2002	03/02/2009	Active	NO
22	U17111TZ2003PTC010611	ORION POLYFAB PRIVATE LIMITED	Director	30/05/2003	30/05/2003	03/02/2009	Active	NO
23	U70101TZ2002PTC010075	UDAMALPET HOLDINGS PRIVATE LIMITED	Director	19/06/2003	19/06/2003	-	Active	NO
24	U17111TZ2004PTC011207	RAAVIAR TEXTILES PRIVATE LIMITED	Director	25/06/2004	25/06/2004	-	Active	NO
25	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Director	02/08/2004	02/08/2004	-	Active	NO
26	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Director	05/09/2005	05/09/2005	-	Active	NO
27	U70101TZ2004PTC010972	CTPL HOLDINGS PRIVATE LIMITED	Director	06/09/2005	06/09/2005	03/02/2009	Active	NO
28	L17111TZ1910PLC000093	THE LAKSHMI MILLS COMPANY LIMITED	Director	14/12/2005	14/12/2005	-	Active	NO
29	U40108TZ2003PTC010686	PALAVOOR WIND FARMS PRIVATE LIMITED	Director	19/08/2009	03/02/2009	-	Active	NO

Name :

Mrs. Shanthi Srinivasan

Designation :

Director

Address :

No.3, V. Palaniswamy Naidu Street, Avanashi Road, Central Post Office, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

27.11.1965

Date of Appointment :

20.09.2008

DIN No.:

00004146

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	U63040TZ1978PTC000813	HOLIDAY TRAVELS PRIVATE LIMITED	Managing director	30/11/1984	30/11/1984	-	Active	NO
2	U65993TZ1980PTC000910	SHANTHI CHANDRAN INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
3	U65993TZ1980PTC000909	JAGADISH CHANDRAN INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
4	U65993TZ1981PTC001010	JAGADISH CHANDRAN INVESTMENT COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
5	U65993TZ1980PTC000911	VIJAYALAKSHMI INVESTMENTS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
6	U65993TZ1981PTC001009	VIJAYALAKSHMI INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
7	U05110TZ1981PTC001027	VIJAYALAKSHMI ENTERPRISERS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
8	U65993TZ1981PTC001008	SHANTHI CHANDRAN INVESTMENTS COIMBATORE PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
9	U05110TZ1981PTC001029	SHANTHI CHANDRAN NTERPRISERS PRIVATE LIMITED	Director	01/09/1986	01/09/1986	-	Active	NO
10	U65993TZ1983PTC001285	PULANKINAR INVESTMENT AND FINANCE PRIVATE LIMITED	Director	26/08/1999	26/08/1999	-	Active	NO
11	U65993TZ2004PTC011202	POLYTRONICS HOLDINGS PRIVATE LIMITED	Director	24/06/2004	24/06/2004	-	Active	NO
12	U18101TZ2004PTC011439	KULATHUR HOLDINGS PRIVATE LIMITED	Director	24/11/2004	24/11/2004	-	Active	NO
13	U07010TZ2003PTC010636	PPL HOLDINGS PRIVATE LIMITED	Director	15/12/2004	15/12/2004	-	Active	NO
14	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	01/04/2012	04/08/2006	-	Active	NO
15	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Managing director	01/06/2007	04/08/2006	-	Active	NO
16	U02520TZ1981PTC001107	PREMIER EVOLVICS PRIVATE LIMITED	Director	12/08/2006	12/08/2006	-	Active	NO
17	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	20/09/2008	08/09/2007	-	Active	NO
18	U70101TZ2004PTC010972	CTPL HOLDINGS PRIVATE LIMITED	Director	29/09/2011	22/08/2011	-	Active	NO

Name :

Mr. Rangian Jayabal

Designation :

Director

Address :

304, Park View Apartment, 31-A, ATT Colony, Coimbatore – 641 018, Tamilnadu, India

Date of Birth/Age :

19.11.1953

Date of Appointment :

24.09.2010

DIN No.:

00003830

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	U74999TZ1981PTC001106	PRIMERO INTIMATES PRIVATE LIMITED	Director	29/04/1985	29/04/1985	-	Active	NO
2	U17111TZ1987PTC001972	PRIMA PRODUCTS PRIVATE LIMITED	Director	29/09/2012	11/08/1999	-	Active	NO
3	U17111TZ2003PTC010452	COIMBATORE POLYTEX PRIVATE LIMITED	Director	29/09/2012	01/04/2003	-	Active	NO
4	U17111TZ1994PTC005511	PREMIER MILLS PRIVATE LIMITED	Director	01/04/2012	30/11/2009	-	Active	NO
5	U17111TZ1976PTC000755	SREE NARASIMHA TEXTILES PRIVATE LIMITED	Director	24/09/2010	30/11/2009	-	Active	NO
6	U17111TZ1995PTC005901	PREMIER FINE LINENS PRIVATE LIMITED	Director	30/09/2010	30/11/2009	-	Active	NO
7	U17111TZ2004PTC011073	LAKSHMI NARASIMHA TEXTILES PRIVATE LIMITED	Director	24/09/2010	19/08/2010	-	Active	NO
8	U17111TZ1945PTC000146	PREMIER SPG AND WVG MILLS PRIVATE LIMITED	Director	29/09/2012	15/12/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 21.09.2013

Names of Shareholders	No. of Shares	Percentage
Sarojini Varadarajan	4646	26.91
K V Srinivasan	5309	30.75
Sridhar Varadaraj	6309	36.55
Minor Varun Srinivasan By M and G Shanthi Srinivasan	1000	5.79
Total	17264	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2013

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Cotton Yarn.

Products :

Production Description	ITC Code No.
Cotton Yarn	5205

GENERAL INFORMATION

No. of Employees :

Not Divulged

Bankers :

• Punjab National Bank, 773, Oppanakkara Street, Coimbatore – 641 001, Tamilnadu, India
• Andhra Bank, 17, Mill Road, Coimbatore – 641001, Tamilnadu, India
• Bank of Baroda
• Indian Bank
• State Bank of Travancore
• HSBC
• The Karur Vyasa Bank Limited
• The Bank of Nova Scotia, Classic Towers, 1547 Trichy Road, Coimbatore – 641018, Tamil Nadu
• IDBI Bank Limited
• Export – Import Bank of India, Centre One Building, Floor – 21, World Trade Centre, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Rupee terms loan from Banks	155.011	295.512
Short-term borrowings
Working capital loans from banks	24.927	24.636
Other Loans and advances, others	99.000	0.000
Total	278.938	320.148

Banking Relations :	--
Auditors :
Name :	M.S. Jagannathan and Visvanathan Chartered Accountants
Address :	67A, Sri Krishna Krupa, P and T Colony Main Road, Kavundampalayam, Coimbatore - 641030, Tamilnadu, India
PAN:	AAEFM3256C
Associates:	v Premier Mills Private Limited, India CIN: U17111TZ1994PTC005511 v Premier Cotton Textiles, India v Lakshmi Narasimha Textiles Private Limited, India CIN No.:U17111TZ2004PTC011073 v Premier Evolvics Private Limited, India CIN: U02520TZ1981PTC001107 v Premier Fine Linens Private Limited, India CIN: U17111TZ1995PTC005901 v Premier Spg and Wvg Mills Private Limited, India CIN: U17111TZ1945PTC000146 v Holiday Travels Private Limited, India v CIN: U63040TZ1978PTC000813 v Esvee Consultants and Engineers Private Limited, India CIN: U02919TZ1985PTC001672 v Prima Products Private Limited, India CIN: U17111TZ1987PTC001972 v Coimbatore Polytex Private Limited v Nuva System Private Limited
Subsidiaries	v SNT Holdings Private Limited, India CIN No.:U65993TZ2002PTC010415 v Karadivavi Holdings Private Limited, India CIN No.: U65993TZ2002PTC010416 v Lakshmi Narasimha Holdings (Coimbatore) Private Limited, India CIN No.: U07010TZ2003PTC010647 v Lakshmi Narasimha Holdings Private Limited, India CIN No.: U65993TZ2002PTC010400

CAPITAL STRUCTURE

As on: 30.09.2013

Authorized Capital:

No. of Shares	Type	Value	Amount
30000	Equity Shares	Rs.100/- each	Rs.3.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
17264	Equity Shares	Rs.100/- each	Rs.1.726 Millions

FINANCIAL DATA

[All figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	1.726	1.726	1.726
(b) Reserves & Surplus	2072.020	1772.962	1599.216
(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)	2073.746	1774.688	1600.942
(3) Non-Current Liabilities
(a) long-term borrowings	155.176	295.879	500.928
(b) Deferred tax liabilities (Net)	129.355	152.380	169.405
(c) Other long term liabilities	0.000	0.000	0
(d) long-term provisions	1.116	1.045	1.021
Total Non-current Liabilities (3)	285.647	449.304	671.354
(4) Current Liabilities
(a) Short term borrowings	123.927	24.636	109.432
(b) Trade payables	81.617	74.078	26.468
(c) Other current liabilities	252.774	265.232	114.855
(d) Short-term provisions	0.202	0.201	0.201
Total Current Liabilities (4)	458.520	364.147	250.956
TOTAL	2817.913	2588.139	2523.252
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	754.528	816.600	922.099
(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	158.913	25.800	25.800
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	73.968	84.501	74.863
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	987.409	926.901	1022.762
(2) Current assets
(a) Current investments	23.142	1.194	0.000
(b) Inventories	495.711	341.634	329.794
(c) Trade receivables	49.673	52.543	92.967
(d) Cash and cash equivalents	1136.601	1123.607	875.840
(e) Short-term loans and advances	62.791	31.723	123.255
(f) Other current assets	62.586	110.537	78.634
Total Current Assets	1830.504	1661.238	1500.490
TOTAL	2817.913	2588.139	2523.252

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1790.801	1500.560	1522.364
		Other Income	NA	NA	NA
		TOTAL (A)	NA	NA	NA
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL EXPENSES (B)	NA	NA	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		600.287	439.575	272.379
Less	FINANCIAL EXPENSES (D)		43.695	47.839	48.314
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		556.592	391.736	224.065
Less/ Add	DEPRECIATION/ AMORTISATION (F)		120.657	123.050	122.910
	PROFIT BEFORE TAX (E-F) (G)		435.935	268.686	101.155
Less	TAX (H)		136.675	94.735	33.915
	PROFIT AFTER TAX (G-H) (I)		299.260	173.951	67.240
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1570.449	1414.094	1353.779
Less	APPROPRIATIONS
		Transfer to General Reserve	29.926	17.395	6.724
		Proposed Dividend	0.173	0.173	0.173
		Corporate Tax on Dividend	0.029	0.028	0.028
	BALANCE CARRIED TO THE B/S		1839.581	1570.449	1414.094
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	1452.536	1215.323	1309.538
	TOTAL EARNINGS		1452.536	1215.323	1309.538
	IMPORTS
		Raw Materials	253.214	213.584	152.516
		Capital Goods	54.184	0.000	11.818
		Components & Spares	6.688	8.662Z	8.956
	TOTAL IMPORTS		314.086	222.246	173.290
	Earnings Per Share (Rs.)		1733.434	1007.594	3894.81

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PAT / Total Income	(%)	16.71	11.59	4.42
Net Profit Margin (PBT/Sales)	(%)	24.34	17.91	6.64
Return on Total Assets (PBT/Total Assets}	(%)	16.39	10.49	4.05
Return on Investment (ROI) (PBT/Networth)		0.21	0.15	0.06
Debt Equity Ratio (Total Debt/Networth)		0.13	0.18	0.38
Current Ratio (Current Asset/Current Liability)		3.99	4.56	5.98

FINANCIAL ANALYSIS

[All figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	1.726	1.726	1.726
Reserves & Surplus	1599.216	1772.962	2072.020
Net worth	1600.942	1774.688	2073.746
long-term borrowings	500.928	295.879	155.176
Short term borrowings	109.432	24.636	123.927
Total borrowings	610.360	320.515	279.103
Debt/Equity ratio	0.381	0.181	0.135

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1522.364	1500.560	1790.801
		(1.432)	19.342

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1522.364	1500.560	1790.801
Profit	67.240	173.951	299.260
	4.42%	11.59%	16.71%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	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	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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
Long-term Borrowings
Deposited from shareholders	0.000	0.200
Loan and advances from related parties	0.165	0.167
Total	0.165	0.367

INDEX OF CHARGES:

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10349561	27/09/2012 *	201,600,000.00	EXPORT-IMPORT BANK OF INDIA	CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE  , CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	B59688796
2S	10156548	19/03/2009	100,000,000.00	PUNJAB NATIONAL BANK	773 OPPANAKKARA STREET, COIMBATORE, TAMIL NADU - 6  41001, INDIA	A61873220
3	10100187	15/04/2008	350,000,000.00	ANDHRA BANK	17 MILL ROAD, COIMBATORE, TAMIL NADU - 641001, INDIA	A37300779
4	10057781	08/06/2007	306,000,000.00	PUNJAB NATIONAL BANK	OPPANAKARA STREET, COIMBATORE, TAMIL NADU - 641001  , INDIA	A17626078
5	10049560	06/08/2007 *	200,000,000.00	IDBI BANK LIMITED	VISCOSE TOWERS, 1078 AVANASHI ROAD, COIMBATORE, TAMIL NADU - 641018, INDIA	A21567656
6	10049763	24/02/2014 *	136,000,000.00	ANDHRA BANK	17 MILL ROAD, COIMBATORE, TAMIL NADU - 641001, INDIA	C00148320
7	10030904	06/08/2007 *	256,000,000.00	EXPORT IMPORT BANK OF INDIA	CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	A21564216
8	90007257	06/08/2007 *	400,000,000.00	EXPORT IMPORT BANK OF INDIA	CENTRE ONE BUILDING, FLOOR 21, WORLD TRADE CENTRE, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA	A21564927
9	80036037	06/08/2007 *	425,000,000.00	THE BANK OF NOVA SCOTIA	CLASSIC TOWERS, 1547 TRICHY ROAD, COIMBATORE, TAMIL NADU - 641018, INDIA	A21561527
10	90007239	06/08/2007 *	100,000,000.00	IDBI BANK LIMITED	VISCOSE TOWERS, 1078 AVANASHI ROAD, COIMBATORE, Tamil Nadu - 641018, INDIA	A21567987

* Date of charge modification

FIXED ASSETS:-

• Land
• Buildings
• Plant and equipment
• Factory Equipments
• Vehicles
• Livestock

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.40
UK Pound	1	Rs.98.06
Euro	1	Rs.77.19

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis Done by :	SMT
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		68

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.