MIRA INFORM REPORT

Report Date :

07.11.2014

IDENTIFICATION DETAILS

Name :	VIKAS GLOBALONE LIMITED (w.e.f. 31.12.2008)
Formerly Known As :	VIKAS PROFIN LIMITED
Registered Office :	34/1, Vikas Apartments, East Punjabi Bagh, Delhi – 110026
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.11.1984
Com. Reg. No.:	55-019465
Capital Investment / Paid-up Capital :	Rs.101.696 Millions
CIN No.: [Company Identification No.]	L65999DL1984PLC019465
IEC No.:	0508051746
TAN No.: [Tax Deduction & Collection Account No.]	DELVO4673E
PAN No.: [Permanent Account No.]	AAACV0608G
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer and Trader of Methyl Based Tin PVC Heat Stabilizer, TPR and Calcium Carbonate.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 1170000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Exist
Comments :	Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal 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 – 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 slowly 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	CARE
Rating	Long Term Rating = BB (Suspended)
Rating Explanation	Have moderate risk of default
Date	25.03.2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities =A4 (Suspended)
Rating Explanation	Have minimal degree of safety and carry very high credit risk
Date	25.03.2014

Reasons for suspension: The ratings have been suspended as the company has not furnished the information required by CARE for monitoring of the rating.

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 DENIED BY

Management Non Co-Operative (Tel No.: 91-11-43144444)

LOCATIONS

Registered Office /Corporate Office 1 :	34/1 Vikas Apartments East Punjabi Bagh, Delhi – 110026, India
Tel. No.:	91-11-43144444 (25 Hunting Lines)
Mobile No.:	91-9711179718 (Mr. Rajendra Agarwal) 91-9811703783 (Mr. Ashwani Sikka) 91-9811202203 (Mr. Sunil Dhameja)
Fax No.:	91-11-43144488
E-Mail :	catarunbatra@gmail.com sunil.malik@vikasglobal.in
Website :	www.vikasglobal.in
Corporate Office 2 :	234, DDA Office Cmpx, Jhandewalan Extn, New Delhi-110055
Factory 1 :	Industrial Growth Centre, Phase-1, SIDCO Complex, District Samba – 184121, Jammu and Kashmir, India
Tel. No.:	91-1923-241069
Area :	18000 Sq. Ft
Location :	Owned
Factory 2 :	G-24-30, Vigyan Nagar, RIICO Industrial Area, Shahjahanpur, District Alwar – 301706, Rajasthan, India
Tel. No.:	91-1494-235940
Area :	13200 Sq. Ft
Location :	Owned
Warehouse 1 :	100/14, Prakash Industrial Area, Sahibabad, Ghaziabad – 201001, Uttar Pradesh, India
Area :	360 Sq. Ft
Location :	Rented
Warehouse 2 :	GL – 35, Ganpathi Dham Industrial Area, Bahdurgarh, Jhajjar – 124104, Haryana, India
Area :	1080 Sq. Ft
Location :	Owned
Warehouse 3 :	A-28, Amanpuri, Adhayapak Nagar, Nagloi, New Delhi – 110041, Delhi, India
Fax No.:	91-11-25943865
Area :	10000 Sq. Ft
Location :	Owned

DIRECTORS

As on 31.03.2014

Name :

Mr. Vikas Garg

Designation :

Managing Director

Address :

10/4 East Punjabi Bagh, New Delhi –26, Delhi, India

Date of Birth/Age :

15.06.1973

Qualification :

Bachelor of Commerce

Date of Appointment :

10.08.2011

DIN No.:

00255413

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	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Managing director	10/08/2011	15/06/1992	-	Active	NO
2	U74899DL1983PTC016345	VIKAS UTILITIES PRIVATE LIMITED	Whole-time director	15/12/2001	15/12/2001	-	Amalgamated	NO
3	U23209DL2005PTC139717	VIKAS POLYMERLAND PRIVATE LIMITED	Director	17/08/2005	17/08/2005	-	Active	NO
4	U74899DL2000PLC106554	OMX CARGO LIMITED	Director	30/09/2006	01/04/2006	15/11/2007	Active	NO
5	U45400DL2007PTC168941	PRIDE BUILDTECH PRIVATE LIMITED	Director	28/09/2013	09/12/2012	-	Active	NO
6	U74899DL1995PTC073719	MOONLITE TECHNOCHEM PRIVATE LIMITED	Director	25/09/2013	07/06/2013	-	Active	NO
7	L65921DL2002PLC116773	SAHYOG CREDITS LIMITED TRS FROM CHANDIGARH TO DELHI	Additional director	28/10/2014	28/10/2014	-	Active	NO

Name :

Mr. Vivek Garg

Designation :

Executive Director

Address :

10/4 East Punjabi Bagh, New Delhi – 26, Delhi, India

Date of Birth/Age :

25.11.1974

Qualification :

Bachelor of Commerce

Date of Appointment :

30.06.2009

DIN No.:

00255443

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	U74899DL1983PTC016345	VIKAS UTILITIES PRIVATE LIMITED	Director	30/09/1996	30/09/1996	-	Amalgamated	NO
2	U65992DL1980PTC010375	VIKAS PORTFOLIO PRIVATE LIMITED	Director	30/09/1996	30/09/1996	31/03/2009	Active	NO
3	U74899DL1981PTC001101	VIKAS ASSOCIATES PRIVATE LIMITED	Director	30/09/1998	30/09/1998	31/03/2009	Active	NO
4	U74899DL1981PTC011244	VIKAS RELATORS PVT LTD	Director	18/02/2000	18/02/2000	14/08/2008	Active	NO
5	U45200DL2006PTC153239	Triveni Bhoomi Vikas Private Limited	Director	07/09/2006	07/09/2006	-	Active	NO
6	U45201RJ2004PTC019871	RIDHI SIDHI TOWNSHIP DEVELOPERS PRIVATE LIMITED	Additional director	20/08/2007	20/08/2007	29/09/2007	Active	NO
7	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Whole-time director	30/06/2009	25/07/2008	-	Active	NO
8	U80900DL2007PTC168529	MAHARAJA AGARSEN ACADEMY PRIVATE LIMITED	Director	01/05/2009	01/05/2009	-	Active	NO
9	U29214DL2008PTC178399	A.G. AGROTECH & POWER PRIVATE LIMITED	Director	30/09/2010	09/07/2010	-	Active	NO
10	U25200DL2008PTC178400	A G UNIVERSAL PRIVATE LIMITED	Additional director	01/12/2010	01/12/2010	14/02/2011	Active	NO
11	U45400DL2007PTC168941	PRIDE BUILDTECH PRIVATE LIMITED	Director	28/09/2013	27/11/2012	-	Active	NO
12	U23209DL2005PTC139717	VIKAS POLYMERLAND PRIVATE LIMITED	Director	30/09/2013	24/12/2012	-	Active	NO
13	U70100DL2010PTC207589	VIKAS SURYA BUILDWELL PRIVATE LIMITED	Additional director	25/01/2014	25/01/2014	-	Active	NO
14	U22100DL2011PTC222241	INDIA TALKS MEDIAWORKS PRIVATE LIMITED	Director	18/07/2014	18/07/2014	-	Active	NO

Name :

Mr. Purshottam Das Bhoot

Designation :

Independent – Non Executive Director

Address :

Sudama sadan, 26, P.K. tagore Streer, Kolkata-700006 West Bengal, India

Date of Birth/Age :

01.03.1929

Qualification :

Bachelor of Law

Date of Appointment :

20.07.1994

DIN No.:

00094087

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	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Director	20/07/1994	20/07/1994	-	Active	NO
2	U01132AS1977PLC001713	BAZALONI GROUP LIMITED	Whole-time director	15/02/1996	15/02/1996	01/04/2012	Active	NO
3	U51109WB1991PLC092393	JINDAL INDIA LIMITED	Director	01/04/2001	01/04/2001	01/04/2012	Active	NO
4	L01132WB1911PLC002077	BHATKAWA TEA INDUSTRIES LIMITED.	Director	01/06/2011	01/06/2011	-	Active	NO

Name :

Mr. Pradip Kumar Banerji

Designation :

Independent – Non Executive Director

Address :

D-42, DGS Apartment, Plot No.6, Sector-22, Dwarka, New Delhi-75, Delhi, India

Date of Birth/Age :

04.07.1942

Qualification :

Master of Economics

Date of Appointment :

06.12.2008

DIN No.:

00003174

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	L21010MH1945PLC010337	BALLARPUR INDUSTRIES LIMITED	Nominee director	18/02/2003	18/02/2003	31/01/2009	Active	NO
2	U35110MH2005PLC151518	BALAJI SHIPPING AND LOGISTICS LIMITED	Director	09/09/2005	09/09/2005	24/12/2007	Active	NO
3	L29199GJ1981PLC028741	INTEGRA ENGINEERING INDIA LIMITED	Nominee director	30/09/2005	30/09/2005	17/05/2007	Active	NO
4	L27310WB1931PLC007026	GKW LTD	Nominee director	05/12/2005	05/12/2005	12/07/2007	Active	NO
5	L23109WB1973GOI028844	COAL INDIA LTD GOVT OF INDIA UNDERTAKING	Director	24/08/2007	24/08/2007	23/08/2010	Active	NO
6	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Director	06/12/2008	25/07/2008	-	Active	NO
7	U74140WB2003PLC097206	GTFS MULTI SERVICES LIMITED	Director	23/04/2010	23/04/2010	26/12/2013	Active	NO
8	U74210DL1991PLC042569	ALANKIT ASSIGNMENTS LIMITED	Director	12/09/2011	17/03/2011	01/08/2012	Active	NO
9	L74900DL1989PLC036860	Alankit Limited	Director	05/07/2014	26/05/2014	-	Active	NO

Name :

Mr. Jagdish Capoor

Designation :

Director

Address :

1601, Brookville, 359 Mogul Lane, Mahim (West), Mumbai – 400016, Maharashtra, India

Date of Appointment :

28.09.2011

DIN No.:

00002516

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	L65920MH1994PLC080618	HDFC BANK LIMITED	Director	06/07/2001	06/07/2001	06/07/2010	Active	NO
2	L74999MH1902PLC000183	THE INDIAN HOTELS COMPANY LIMITED	Director	27/07/2001	27/07/2001	01/07/2014	Active	NO
3	U65993DL2002PLC115769	ASSETS CARE & RECONSTRUCTION ENTERPRISE LIMITED	Director	02/09/2014	17/03/2003	-	Active	NO
4	L24100GJ1983PLC006513	GHCL LIMITED	Director	20/07/2005	20/07/2005	22/04/2009	Active	NO
5	U67120MH2005PLC155188	BSE Limited	Director	08/08/2005	08/08/2005	02/03/2010	Active	NO
6	U67190MH2005PTC156119	QUANTUM TRUSTEE COMPANY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
7	U66020MH2007PLC176066	LIC Pension Fund Limited	Director	15/10/2008	21/11/2007	-	Active	NO
8	L65910KL1992PLC006623	MANAPPURAM FINANCE LIMITED	Director	31/07/2014	20/07/2010	-	Active	NO
9	U67190MH2008PTC179718	LICHFL TRUSTEE COMPANY PRIVATE LIMITED	Director	11/08/2010	11/08/2010	-	Active	NO
10	U74210DL1991PLC042569	ALANKIT ASSIGNMENTS LIMITED	Director	12/09/2011	17/03/2011	07/08/2012	Active	NO
11	L31101MH1995PLC085471	ENTEGRA LIMITED	Director	15/09/2011	24/05/2011	-	Active	NO
12	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Director	28/09/2011	10/08/2011	-	Active	NO
13	U74999MH1997PTC107143	ATLAS DOCUMENTARY FACILITATORS COMPANY PRIVATE LIMITED	Director	15/06/2012	23/12/2011	-	Active	NO
14	L65922MH1989PLC052257	LIC HOUSING FINANCE LTD	Director	24/07/2012	25/05/2012	-	Active	NO
15	L07010KA2004PLC033412	NITESH ESTATES LIMITED	Director	26/09/2014	14/03/2013	-	Active	NO
16	U67120MH2000PLC152193	HDFC SECURITIES LIMITED	Director	20/06/2014	19/09/2013	-	Active	NO

Name :

Mr. Sumer Chand Tayal

Designation :

Independent – Non Executive Director

Date of Birth :

29.10.1944

Address :

BQ-5, Shalimar Bagh , New Delhi – 110052, India

Qualification :

Bachelor of Engineering - Civil

Date of Appointment :

29.09.2007

DIN No.:

00255661

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	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Director	29/09/2007	07/07/2006	-	Active	NO
2	U19115DL2007PTC171823	MOONLITE FOOTCARE PRIVATE LIMITED	Director	26/12/2007	26/12/2007	-	Active	NO
3	U74899DL1995PTC073719	MOONLITE TECHNOCHEM PRIVATE LIMITED	Director	29/09/2012	07/06/2012	09/11/2012	Active	NO

Name :

Mr. Narender Kumar Garg

Designation :

Director

Address :

Ab – 55, Mian Wali, H. B. Society Paschim Vihar, New Delhi – 110087,Delhi, India

Date of Birth/Age :

12.10.1949

Date of Appointment :

27.09.2012

DIN No.:

00407494

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	U74899DL1995PTC065019	ISG SECURITIES AND FINANCE PRIVATE LIMITED	Director	03/02/1995	03/02/1995	-	Active	NO
2	U45200DL2011PTC217092	JBG Indraprastha Developers Private Limited	Director	06/04/2011	06/04/2011	-	Active	NO
3	L65999DL1984PLC019465	VIKAS GLOBALONE LIMITED	Director	27/09/2012	17/10/2011	-	Active	NO
4	U18101DL2012PTC237657	365 LABELS PRIVATE LIMITED	Director	18/06/2012	18/06/2012	-	Active	NO
5	U45400DL2012PTC245717	GBG ESTATE DEVELOPERS PRIVATE LIMITED	Director	05/12/2012	05/12/2012	-	Active	NO
6	U74899DL1995PTC073719	MOONLITE TECHNOCHEM PRIVATE LIMITED	Director	25/09/2013	14/02/2013	-	Active	NO

Name :

Mr. Ashutosh Kumar Verma

Designation :

Director

Address :

B-1011, Gaur Grandeur, Sector-119, Noida, Gautam Buddha Nagar - 201301, Uttar Pradesh, India

Date of Appointment :

08.08.2014

DIN No.:

06935836

KEY EXECUTIVES

Name :	Mr. Sunil Malik
Designation :	Secretary
Address :	805, Som Bazar, Haibat Pura, Main Majafgarh, Delhi - 110043, India
Date of Appointment :	24.05.2014
PAN No.:	ARWPM1831A
Audit Committee :
Name :	Mr. Narender Kumar Garg
Designation :	Chairman
Name :	Mr. Sumer Chand Tayal
Designation :	Member
Name :	Mr. Purushottam Dass Bhoot
Designation :	Member
Executive Committee :
Name :	Mr. Vikas Garg
Designation :	Chairman
Name :	Mr. Narendar Kumar Garg
Designation :	Member
Name :	Mr. Vivek Garg
Designation :	Member
Stakeholders Relationship Committee :
Name :	Mr. Sumer Chand Tayal
Designation :	Chairman
Name :	Mr. Vivek Garg
Designation :	Member
Name :	Mr. Narender Kumar Garg
Designation :	Member
Risk Management Committee :
Name :	Mr. Pradip Kumar Banerji
Designation :	Chairman
Name :	Mr. Vikas Garg
Designation :	Member
Name :	Mr. Narender Kumar Garg
Designation :	Member
Nomination And Remuneration Committee :
Name :	Mr. Narender Kumar Garg
Designation :	Chairman
Name :	Mr. Pradip Kumar Banerji
Designation :	Member
Name :	Mr. Vikas Garg
Designation :	Member
Equity Warrant Committee :
Name :	Mr. Narender Kumar Garg
Designation :	Chairman
Name :	Mr. Sumer Chand Tayal
Designation :	Member
Name :	Mr. Vivek Garg
Designation :	Member
Compensation Committee :
Name :	Mr. Narender Kumar Garg
Designation :	Chairman
Name :	Mr. Sumer Chand Tayal
Designation :	Member
Name :	Mr. Vikas Garg
Designation :	Member
Corporate Social Responsibility Committee :
Name :	Mr. Narender Kumar Garg
Designation :	Chairman
Name :	Mr. Sumer Chand Tayal
Designation :	Member
Name :	Mr. Vikas Garg
Designation :	Member

SHAREHOLDING PATTERN

As on 30.09.2014

Category of Shareholder	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	32474480	31.93
Bodies Corporate	10329630	10.16
Sub Total	42804110	42.09
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	42804110	42.09
(B) Public Shareholding
(1) Institutions
(2) Non-Institutions
Bodies Corporate	28423429	27.95
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	1863854	1.83
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	28548049	28.07
Any Others (Specify)	56428	0.06
Non Resident Indians	56428	0.06
Sub Total	58891760	57.91
Total Public shareholding (B)	58891760	57.91
Total (A)+(B)	101695870	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)	101695870	100.00

BUSINESS DETAILS

Line of Business :

Products :

Product Descriptions	ITC Code
Coated Calcite Powder	38029019
Methyl Tin Mercaptide	38123090
Epoxidised Soya Bean Oil	15180039

GENERAL INFORMATION

No. of Employees :

Information denied by management

Bankers :

• Indian Overseas Bank, Rajauri Branch, New Delhi, India
• Bank Of Baroda, International Banking Branch, Parliament Street, New Delhi – 110001, Delhi, India
• ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India
• Karnataka Bank Limited, Overseas Branch, Connaught Place, New Delhi – 110001, Delhi, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Millions	31.03.2013 Rs. In Millions
LONG TERM BORROWINGS
Loan Taken on Vehicles
HDFC - Vehicle Loan (Agreement No 24353585)	0.299	0.000
HDFC - Vehicle Loan (Agreement No 25941597)	0.312	0.000
ICICI Loan No - LADEL00017599702	0.000	0.413
ICICI Loan No - LADEL00026826516	0.114	0.217
ICICI Loan No - LADEL00026874591	1.467	0.000
Loan Taken for Fixed Assets
BOB TL – 21000600000514	2.959	8.445
BOB TL – 21000600000515	0.000	4.170
OBC TL – 11167015000461	13.043	10.390
SHORT TERM BORROWINGS
Cash Credit from Bank Secured	393.894	328.005
Current Maturities of the Loan taken for	2.062	0.950
Current Maturities of the Loan taken for fixed assets	14.954	13.195
Total	429.104	365.785

Notes:

Cash Credit

The Company is availing a cash credit (Hypo) limit of Rs.270.000 Millions which include PCFC Limit of Rs.50.000 Millions from Oriental Bank of Commerce against Hypothecation of stock, receivable, advance to suppliers and other current assets on pari passu basis with Bank of Baroda. No DP against stock and Book debts exceeding 180 days. The rate of interest is Bank Base Rate + 2.00% which at present is 12.25% p.a. Further the Company is also availing LC (Import) DA/DP basis on Fund Based Limit of Rs.180.000 Millions for procurement of Raw Material and spares. Cash Margin is 20% in the shape of FDR.

The Company is also availing Cash Credit limit of Rs.132.000 Millions from Bank of Baroda with a sublimit FCNR (B) of Rs.99.000 Millions & Sub limit of FBP/FBD of Rs.33.000 Millions under the same Cash Credit limit. The limit is secured by way of hypothecation of stock, receivables & other current assets on pari passu basis on the OBC. DP shall be permitted against receivable upto 180 days. Margin is 25% & Rate of interest is BR+3.00 %. Further the Company is availing Non Fund Based LC (Import /Inland/ DP /DA /BG). Buyers Credit of Rs.80.000 Millions for procurement of raw material and spares. Cash Margin is 20% in the shape of FDR.

Further the limit is secured on following Collateral Properties:

1. Residential Property bearing Khasra No. 14/5/2 6min, 15/1/2, 9/2 & 10 mn Vill Ghevra, Near Mundka Railway Crossing, Delhi owned by Mr. Seema Garg and Mr. Namita Garg.

2. Roof 34/1 East Punjabi Bagh, New Delhi owned by Vikas Globalone Limited.

3. Industrial property at Industrial Growth Centre, Phase 1, Samba, Jammu owned by Vikas Globalone Limited.

4. Residential property situated at Khasra no. 710/201 in Village Rithala, Delhi owned by Mr. Vivek Garg.

5. Property situated at A-28 Khasra No. 12/10 and 13/6 Village Kamruddi Nagar Nangloi owned by M.s Seema Garg and Ms. Usha Garg.

6. 6. Residential property situated at B-1, Upper Basement floor, 1/34, Punjabi Bagh, New Delhi owned by Ms.Usha Garg.

7. 7. Mortgage of Agricultural land situated at village Sultanpur Dabas held owned by Vikas GlobalOne Limited.

8. 8. Plot of land situated at Khasra No. 142/132, situated at Village Khanjawala, Delhi owned by New Age Polypacks Coats Private Limited.

9. Exclusive Equitable mortgage of factory land and building situated at G-24-29, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited.

10. Exclusive Equitable mortgage of factory land and building situated at G-24-29, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned in the name of Vikas GlobalOne Limited.

Further limit is guaranteed by Personal guarantee of the following

1. Mr. Nand Kishore Garg

2. Mr. Vikas Garg

3. Mr. Vivek Garg

4. Mrs. Seema Garg

5. Mrs. Usha Garg

6. Mrs. Namita Garg

HDFC - Vehicle Loan (Agreement No 24353585) was taken during 2013 year and carries interest @15.65% per annum. The Loan is repayable in 36 installments of Rs.0.023 Millions each along with interest from the date of Loan. The loan is secured by hypothecation of car of the company.

HDFC - Vehicle Loan (Agreement No 25941597) was taken during 2013 year and carries interest @15.65% per annum. The Loan is repayable in 36 installments of Rs.0.018 Millions each along with interest from the date of Loan. The loan is secured by hypothecation of car of the company.

ICICI Loan No - LADEL00017599702 was taken during 2010 year and carries interest @9.00% per annum. The Loan is repayable in 57 installments of Rs.0.062 Millions each along with interest from the date of Loan. The loan is secured by hypothecation of car of the company.

ICICI Loan No - LADEL00026826516 was taken during 2013 year and carries interest @10.74% per annum. The Loan is repayable in 36 installments of Rs.0.010 Millions each along with interest from the date of Loan. The loan is secured by hypothecation of car of the company.

ICICI Loan No - LADEL00026874591 was taken during 2013 year and carries interest @9.09% per annum. The Loan is repayable in 36 installments of Rs.0.111 Millions each along with interest from the date of Loan. The loan is secured by hypothecation of car of the company

Term Loan-1 (Bank of Baroda) Closing balance Rs.8.685 Millions & Term Loan –II (Bank of Baroda) Closing balance Rs.4.216 Lacs. The Term Loan is secured on the Plant and Machinery and Land and Building locatedat G-24-29 & 30, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited. The term loan has been taken over from the existing loan of ICICI Bank Limited. The Rate of Interest is BR+2.75%. The term loan is repayable in equal monthly installment of Rs.0.856 Million. The Period of Maturity for the TL-I from the Balance Sheet date is 9 months and for the TL-II 16 months.

Further limit is guaranteed by Personal guarantee of the following

1. Mr. Nand Kishore Garg

2. Mr. Vikas Garg

3. Mr. Vivek Garg

4. Mrs. Seema Garg

5. Mrs. Usha Garg

6. Mrs. Namita Garg

Term Loan-III (Oriental Bank of Commerce) Closing balance limits Rs.18.053 Millions. The Term Loan is secured on the Plant and Machinery and Land and Building located at G-24-29 & 30, RIICO Industrial Area, Vigyan Nagar, Shahjahanpur, Dist. Alwar, Rajasthan owned by Vikas GlobalOne Limited. The loan was sanctioned on reviewed on 8.02.2014 on the existing term and conditions. . The Loan will be repayable in Equal Installments of Rs.0.417 Million per month. The rate of interest shall be BR+ 2%+.5%. The Period of Maturity from the Balance Sheet date is 41 months.

Banking Relations :	--
Statutory Auditors :
Name :	RSPH and Associates (R. K. Batra and Company) Chartered Accountants
Address :	906, Vikram Tower , Rajendra Place, New Delhi – 110008, Delhi, India
Tel. No.:	91-11-41538933
Internal Auditors :
Name :	KSMS AND& Associates Chartered Accountants
Address :	G-5, Vikas House, 34/1, East Punjabi Bagh, New Delhi -110026, India
Cost Auditors :
Name :	C.B Gupta and Associates Chartered Accountants
Address :	G-23/6A, Third Floor, Rajouri Garden, New Delhi -110027, India
Subsidiary Company (100% share) :	Moonlite Technochem Private Limited
Associates holds (75% Share) :	Sigma Plastic Industries (Partnership Firm)
Other Related Parties :	Vikas polymer Land Private Limited Suku Innovatives R.P.Gupta Vikas polymer (India)

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
159500000	Equity Shares	Re.1/- each	Rs.159.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
101695870	Equity Shares	Re.1/- each	Rs.101.696 Millions

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

Equity Shares	Number of Shares	Rs. In Millions
Shares outstanding at the beginning of the year	101039370	101.039
Bonus Shares Issued during the year	-	-
Shares bought back during the year	-	-
Shares issued during the Year(ESOP)	656500	0.656
Shares outstanding at the end of the year	101695870	101.696

Details of equity shares held by shareholders holding more than 5% shares:

Name of Shareholder	Number of Shares	% holding
Vikas Garg	23644900	23.25%
Vikas Polymerland Private Limited	10329630	10.16%
Goodlife Impex Private Limited	11970000	11.77%
Alankit Assignments Limited	6679120	6.57%

Equity shares: - The Company has only one class of Equity having a par value Rs.1.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the Equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.

Sub-Division (Stock-Split) of Equity Shares:-During the year, the Board of directors of the company, authorized Stock split in the Face or stated value of shares from Rs.10/- Per share to Rs.1/- Per share. The Company announced March 31st, 2014 as record date for the Purpose of face value split of shares from Rs.10 Per share to Re.1 per share. Company has also issued the Shares under Employee Stock Option Plan on 31^st march2014.

The Company has formulated an Employee’s stock option scheme as per Note No 43. The Scheme provides that

Employees are granted options to acquire the Equity Shares of the company that vests in graded manner. The options may be exercised within a Specified Period. The options are granted at the closing market price prevailing on the stock exchange, immediately prior to the grant. The Shares issued under ESOP are as follows:

Equity Shares	No Of Options
Option Granted	3695000
Pricing Formula Face Value	Face Value
Options Outstanding, beginning of the Year	2615000
No of Options given to Employees in First year (30% of total no of options)	784500
Less-No of Options Exercised by Employees	656500
No of Options Forfeited by Employees	128000
Options Outstanding, end of the year	1830500

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	101.696	101.039	101.039
(b) Reserves & Surplus	307.747	267.687	239.330
(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)	409.443	368.726	340.369
(3) Non-Current Liabilities
(a) long-term borrowings	18.194	23.635	23.405
(b) Deferred tax liabilities (Net)	3.520	3.402	2.863
(c) Other long term liabilities	1.376	0.706	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	23.090	27.743	26.268
(4) Current Liabilities
(a) Short term borrowings	410.910	342.150	231.144
(b) Trade payables	238.024	227.011	137.027
(c) Other current liabilities	134.558	47.318	68.263
(d) Short-term provisions	10.865	6.438	6.332
Total Current Liabilities (4)	794.357	622.917	442.766
TOTAL	1,226.890	1,019.386	809.403
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	210.996	177.486	178.668
(ii) Intangible Assets	0.584	1.168	1.753
(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	53.560	75.421	69.605
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3.071	1.259	3.064
(e) Other Non-current assets	0.570	0.326	1.286
Total Non-Current Assets	268.781	255.660	254.376
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	238.486	275.018	183.263
(c) Trade receivables	538.458	363.616	263.646
(d) Cash and cash equivalents	4.424	3.501	2.910
(e) Short-term loans and advances	175.255	118.903	105.084
(f) Other current assets	1.486	2.688	0.124
Total Current Assets	958.109	763.726	555.027
TOTAL	1,226.890	1,019.386	809.403

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1,696.834	1567.933	1104.63
		Other Income	19.073	12.875	43.965
		TOTAL	1,715.907	1,580.808	1,148.595
Less	EXPENSES
		Cost of Materials Consumed	850.254	754.956	357.680
		Purchases of Stock-in-Trade	606.896	610.392	540.581
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(4.887)	12.401	19.156
		Employees benefits expense	36.429	26.833	20.548
		Other expenses	106.454	85.463	92.513
		Prior Period Items	0.000	0.026	0.004
		Extraordinary Items	0.000	0.000	0.584
		TOTAL	1,595.146	1,490.071	1,031.066
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		120.761	90.737	117.529
Less	FINANCIAL EXPENSES		64.234	44.628	38.352
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		56.527	46.109	79.177
Less/ Add	DEPRECIATION/ AMORTISATION		19.054	16.820	15.855
	PROFIT BEFORE TAX		37.473	29.289	63.322
Less	TAX		7.412	0.928	0.763
Add	SHARE EARNINGS FROM PARTNERSHIP FIRM		3.184	5.867	24.652
	PROFIT AFTER TAX		33.245	34.228	87.211
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		197.221	168.864	87.524
Less	APPROPRIATIONS
		Dividend	5.085	5.051	5.051
		Tax on Dividend	0.864	0.820	0.820
	BALANCE CARRIED TO THE B/S		224.517	197.221	168.864
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	290.040	193.706	17.543
	TOTAL EARNINGS		290.040	193.706	17.543
	IMPORTS
		Raw Materials	410.090	379.591	282.208
	TOTAL IMPORTS		410.090	379.591	282.208
	Earnings Per Share (Rs.)		0.33	0.34	8.63

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	1.96	2.18	7.90
Operating Profit Margin (PBIDT/Sales)	(%)	7.12	5.79	10.64
Return on Total Assets (PBT/Total Assets}	(%)	3.19	3.10	8.56
Return on Investment (ROI) (PBT/Networth)		0.09	0.08	0.19
Debt Equity Ratio (Total Debt /Networth)		1.05	0.99	0.75
Current Ratio (Current Asset/Current Liability)		1.21	1.23	1.25

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	101.039	101.039	101.696
Reserves & Surplus	239.330	267.687	307.747
Net worth	340.369	368.726	409.443
long-term borrowings	23.405	23.635	18.194
Short term borrowings	231.144	342.150	410.910
Total borrowings	254.549	365.785	429.104
Debt/Equity ratio	0.748	0.992	1.048

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	1,104.630	1,567.933	1,696.834
		41.942	8.221

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	1,104.630	1,567.933	1,696.834
Profit	87.211	34.228	33.245
	7.90%	2.18%	1.96%

LOCAL AGENCY FURTHER INFORMATION

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

LITIGATION DETAILS

IN THE HIGH COURT OF DELHI AT NEW DELHI

CO.PET. 64/2014

ADM AGRO INDUATRIES KOTA and AKOLA PRIVATE LIMITED

..... Petitioner

Through Mr. Manoranjan Sharma, Advocate.

versus


VIKAS GLOBALONE LIMITED ..... Respondent

Through Mr. Laliet Kumar, Advocate.

CORAM:

HON'BLE MR. JUSTICE SANJEEV SACHDEVA

O R D E R

23.05.2014

Learned counsel for the respondent submits that respondent is disputing the liabilities to the petitioner and a suit for damages has  been filed against the petitioner. He submits that an affidavit in terms   of order dated 07.03.2014 has been filed in the Registry. He prays for  some time to file reply to the petition.

The affidavit is not on record. Let counsel check up with the Registry and have the affidavit placed on record.

Let reply to the petition be filed within four weeks. Rejoinder, if any, be filed within four weeks thereafter.

List on 10th October, 2014.

SANJEEV SACHDEVA, J

MAY 23, 2014/st

BACKGROUND AND NATURE OF OPERATIONS

Subject is a Delhi based professionally managed company incorporated on 30^th November, 1984 under the Companies Act, 1956, having its registered office at Vikas House, 34/1, East Punjabi Bagh, New Delhi-110026 and is actively engaged in the business of Manufacturing and Distribution of Specialty Polymers Compounds and Additives. The company is listed in National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE) and Delhi Stock Exchange (DSE).

The company is engaged in the business of manufacturing and distribution of high end products used in Agricultural Pipes, Auto Parts, Wires and Cables, Artificial Leather, Footwear, Organic Chemicals, Polymers, Pharmaceuticals and Packaging industries while alongside acting as distributor of global conglomerates with niche in specialty chemicals and polymers. Manufacturing plants of the company are spread in various geographical locations across India, in the state of J&K and Rajasthan. This has been done keeping in mind the strategic and location advantages with regard to availability of raw material, tax incentives, subsidy grants as well as market potential for finished goods. These industrial units have speedy connectivity to Road, Rail and Air transport. The company has built the plants with the best of the machineries and technical knowhow available from the world’s leading suppliers. The manufactured products of the company have been well received in the market and have further scope of greater development with increased production capacities. The products manufactured by the Company are environmental friendly.

FINANCIAL REVIEW:

The Company showed improvement in nearly all the spheres it operates in.

Turnover of the company for the Financial Year ended on 31st March 2014 was 1692.300 Millions` as compared to Rs.1567.900 Millions for the Financial Year ended on 31st March 2013 registering a growth of around 8 percent whereas the PAT was Rs.34.200 Millions for the FY 2012-13 as compared to Rs.33.200 Millions for the FY 2013-14.

The decrease in the profitability was due to following reason:-

The company was availing exemption under Minimum Alternative Tax benefits in the state of Jammu and Kashmir which were withdrawn by the government during the current financial year. This has affected both the revenue and profitability of the company.

Further They would like to bring in your kind notice that FY 13-14 was very turbulent for overall economy

Even then also company has maintained its trend of growth both in terms of Revenue and Profit. Thus keeping in view the stabilizing economy and some prudent measures taken by the management, the company is expecting good results in the upcoming Financial Year 2014-15.

Further the exports of the company have registered an overall growth of 53 percent which is Rs.290.040 Millions in the Financial Year 2013-14 as compared to Rs.193.706 Millions in the previous Financial Year 2012-13.

ECONOMIC OVERVIEW & GROWTH

The core business of the Company is in manufacturing and distribution of Specialty Polymers Compounds and Additives, while alongside acting as a distributor of global conglomerates with niche in specialty chemicals and polymers. This report contains the expectations of the Company's business based on the current market environment. It was a challenging year for the Indian economy with persistent concerns over global growth prospects and financial stability weighing on external demand and international funding.

The global economy is expected to improve gradually with improvement in US economic environment, moderate growth of other emerging market economies like India, China and Brazil and revival in Euro zone and Japan. As per the International Monetary Fund’s(IMF) ‘World Economic Outlook’ published in April 2013, global economic growth is progressing to 3.3% in 2013 compared to 3% in 2012. However, the stability and growth prospectus of US economy resulted in flow of money from emerging markets to US and other developed markets which led to sharp depreciation of emerging market’s currencies against USD particularly India which largely depends on import of Petroleum and Petrochemical products. This has made managing current account deficit a challenge for policy makers.

There is no doubt that the Company has achieved its business targets every year due to the dedicated efforts of the Human Resources of the Company. This year is no exception. Employer-Employee relations continued to be cordial throughout the year. The Company has an existing system of regular interaction between its senior management and operators at the shop floor level which enables sharing of business information and solutions to the problems at the preliminary level.

Legal and commercial procedures have been actively disseminated throughout the Company. A legal compliance management system has been developed to track regulatory compliance requirements. It has been successful in identifying areas which require immediate legal attention and has reduced instances of non compliance.

OUTLOOK

For the year 2014-15, their focus will continue on sustainable growth by taking measures for increasing their market share of existing products, launching new products and creating new business in untapped growth market segments in Export market.

Though there is sluggish demand in certain sectors and also increased competition from global and domestic players, they expect the trend shown in 2013-14 to continue in the year 2014-15. With the global growth of chemicals focused more on Asia, it is expected that there will be further growth in chemical industry.

During the year 2014-15, they expect the investments, which they made in their further expansion of their manufacturing units and also in debottlenecking capacities of other products, add to both their topline and bottomline.

They are continuing with their efforts on improvement in efficiencies, margins and profitability while relooking at business strategies and models, wherever necessary and barring, unforeseen circumstances, They expect to achieve better results for the year 2014-15.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10490256	16/04/2014	35,000,000.00	BANK OF BARODA	INTERNATIONAL BUSINESS BRANCH, 16, SANSAD MARG, NEW DELHI - 110001, DELHI, INDIA	C03811619
2	10478555	22/01/2014	60,000,000.00	ORIENTAL BANK OF COMMERCE	35, NORTH WEST AVENUE,, PUNJABI BAGH WEST,, DELHI - 110026, DELHI, INDIA	B96785027
3	10466385	23/11/2013	30,000,000.00	BANK OF BARODA	INTERNATIONAL BUSINESS BRANCH, PARLIAMENT STREET, NEW DELHI - 110001, DELHI, INDIA	B92042605
4	10429760	13/05/2013	540,000,000.00	ORIENTAL BANK OF COMMERCE	35, N.W.A. CLUB ROAD, PUNJABI BAGH, NEW DELHI - 110026, DELHI, INDIA	B76595388
5	10405919	07/01/2013	20,000,000.00	ORIENTAL BANK OF COMMERCE	35, NORTH WEST AVENUE, CLUB ROAD, PUNJABI BAGH, NEW DELHI - 110026, DELHI, INDIA	B68885060
6	10382671	19/09/2013 *	160,000,000.00	UNION BANK OF INDIA	38, CENTRAL MARKET, PUNJABI BAGH, NEW DELHI - 110026, DELHI, INDIA	B89118830
7	10352354	13/05/2013 *	613,900,000.00	BANK OF BARODA	INTERNATIONAL BUSINESS BRANCH, PARLIAMENT STREET,  NEW DELHI, DELHI, INDIA	B75945477
8	10147477	07/01/2013 *	318,000,000.00	ORIENTAL BANK OF COMMERCE	35, NORTH WEST AVENUE, CLUB ROAD, PUNJABI BAGH, NEW DELHI - 110026, DELHI, INDIA	B68884444
9	90057742	29/04/2002	40,000,000.00	BANK OF BARODA	SMALKHA BRANCH, NEW DELHI, DELHI, INDIA	-
10	90056113	17/10/1996 *	2,000,000.00	BANK OF BARODA	SMALKHA BRANCH, NEW DELHI, DELHI, INDIA	-

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.61.41
UK Pound	1	Rs.98.00
Euro	1	Rs.76.67

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	RAS
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		50

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.