MIRA INFORM REPORT

Report Date :

17.11.2014

IDENTIFICATION DETAILS

Name :	GLOBAL NONWOVENS LIMITED (w.e.f. 20.07.2012)

Formerly Known As :	GLOBAL NONWOVEN LIMITED

Registered Office :	102/B, 1^st Floor, Poonam Chambers, B Wing, Shivsagar Estate, Plot G, Annie Besant Road, Worli, Mumbai-400018, Maharashtra

Country :	India

Financials (as on) :	31.03.2013

Date of Incorporation :	15.06.2012

Com. Reg. No.:	11-232211

Capital Investment / Paid-up Capital :	Rs. 577.700 Millions

CIN No.: [Company Identification No.]	U17291MH2012PLC232211

IEC No.:	Not Divulged

TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged

PAN No.: [Permanent Account No.]	AAECG7615A

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer and Trader of Non Woven Fabric.

No. of Employees :	70 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 1600000

Status :	Yet to Commence Its Operations

Payment Behaviour :	Unknown

Litigation :	Clear

Comments :	Subject is promoted by Jindal Poly Films Limited, and B. C. Jindal Group company. It is not yet commenced any operations as the project is still under final stages of its implementation. Management has failed to file latest financials for Financial Year 2014, with statutory authorities. Mr. Nikhil Jain, Assistant Manager account provided information and confirmed that the management has nearly completed 90% of its project work and has planned to commence its commercial activity from December 2014. However, trade relations may improve as a result of strong promoters. Business is active. Payment terms are unknown. In view of strong parentage, experienced management and fiscal support from central and state government, the company can be considered for business dealings with some caution.

NOTES :

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

ECGC Country Risk Classification List – June 1, 2014

Country Name

mPrevious Rating

(31.03.2014)

Current Rating

(01.06.2014)

India

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	CARE
Rating	Long Term Bank Facilities “BBB”
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	February 26,2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities “A3”
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	February 26,2014

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 PARTED BY

Name :	Mr. Nikhil Jain
Designation :	Assistant Manager Accounts
Contact No.:	91-22-24981501
Date :	14.11.2014

LOCATIONS

Registered Office :	102/B, 1^st Floor, Poonam Chambers, B Wing, Shivsagar Estate, Plot G, Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Tel. No.:	022-24981501 / 2 / 3
Fax No.:	Not Available
E-Mail :	compsec_photo@jindalgroup.com njain@globalnonwovens.in cs_iphoto@jindalgroup.com
Website :	www.globalnonwovens.in
Location :	Rented

Factory :	28 Km Stone, Igatpuri Road, NH 3, Village – Mundegaon, Talika – Igatpuri, Nashik – 422403, Maharashtra, India

Head Office :	11/5-B, Basement Opposite Telephone Exchange, Pusa Road, New Delhi-110005, India

DIRECTORS

As on 30.09.2013

Name :

Mr. Ghanshyam Dass Singal

Designation :

Director

Address :

F-170, Flat No.2, White House, Mangal Bazar, Laxmi Nagar, New Delhi-110092, India

Date of Birth/Age :

20.08.1971

Qualification :

B.com, ACA

Date of Appointment :

15.06.2012

DIN No.:

00708019

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	U70101DL2005PLC135024	VIGIL FARMS LIMITED	Director	17/08/2006	17/08/2006	11/05/2009	Active	NO
2	U45201DL2005PLC132370	CONSOLIDATED BUILDWELL LIMITED	Director	17/08/2006	17/08/2006	30/04/2009	Active	NO
3	U45201DL2005PLC132392	CONSOLIDATED REALTORS LIMITED	Director	29/09/2008	31/01/2008	16/08/2010	Active	NO
4	U77499DL2005PLC135025	AGILE PROPERTIES LIMITED	Director	29/09/2008	31/01/2008	20/08/2014	Active	NO
5	U51109DL1995PTC259254	JUPAX BARTER PVT.LTD.	Director	29/09/2008	31/01/2008	30/04/2009	Active	NO
6	U14290WB2007PLC121054	JINDAL INDIA POWER VENTURES LIMITED.	Additional director	31/03/2008	31/03/2008	-	Amalgamated	NO
7	L33200UP1993PLC015474	CONSOLIDATED FINVEST & HOLDINGS LIMITED	Director	20/09/2014	10/04/2008	-	Active	NO
8	U67120DL1999PLC101169	JINDAL PHOTO INVESTMENTS LIMITED	Director	15/04/2008	15/04/2008	-	Active	NO
9	U65999WB2005PLC101057	JESMIN INVESTMENTS LIMITED	Director	31/10/2014	15/04/2008	-	Active	NO
10	U65993WB1996PTC080698	CANTON VINIMAY PVT LTD	Director	20/05/2008	20/05/2008	-	Amalgamated	NO
11	U67120WB1990PTC049756	LUCKY HOLDINGS PVT LTD	Director	20/06/2008	20/06/2008	10/03/2012	Active	NO
12	U70109WB1994PTC062630	CHAMPAK NIKETAN PVT LTD	Director	05/07/2008	05/07/2008	12/05/2009	Active	NO
13	U21098DL2008PLC179699	JINDAL PACKAGING FILMS LIMITED	Additional director	28/07/2008	28/07/2008	-	Amalgamated	NO
14	U51109WB1996PTC078690	CANTON TRADERS PVT LTD	Director	30/09/2010	19/11/2009	-	Amalgamated	NO
15	U00000DL2004PTC126382	PASSION TEA PRIVATE LIMITED	Additional director	17/12/2009	17/12/2009	-	Active	NO
16	U67120DL2010PLC210158	CONSOLIDATED FINVEST & INVESTMENTS LIMITED	Director	03/11/2010	03/11/2010	-	Active	NO
17	U70100DL2011PLC217502	CLIFF PROPBUILD LIMITED	Director	13/04/2011	13/04/2011	-	Active	NO
18	U17291MH2012PLC232211	GLOBAL NONWOVENS LIMITED	Director	15/06/2012	15/06/2012	-	Active	NO
19	U70101DL2012PLC239807	GLOW INFRABUILD LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
20	U01409WB1980PTC195437	RISHI TRADING CO LTD	Director	20/09/2013	06/09/2012	-	Active	NO
21	U74140DL2014PLC267780	JINDAL COUNSELLOR LIMITED	Director	03/06/2014	03/06/2014	-	Active	NO
22	U65923UP2012PLC051433	JINDAL POLY INVESTMENT AND FINANCE COMPANY LIMITED	Managing director	01/08/2014	01/08/2014	-	Active	NO
23	U70101DL2003PLC121849	JINDAL REALTORS LIMITED	Director	30/09/2014	18/08/2014	-	Active	NO

Name :

Mr. Sanjeev Aggarwal

Designation :

Director

Address :

B-76, antriksh Apartments, Sector-14 (Extension), Rohini, Delhi-110085, India

Date of Birth/Age :

20.08.1968

Qualification :

B.Sc

Date of Appointment :

15.06.2012

DIN No.:

00006552

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	U24299DL1999PLC099183	JINDAL IMAGING LIMITED	Director	16/06/1999	16/06/1999	25/03/2014	Active	NO
2	U31902DL2008PLC188991	JINDAL INDIA HYDRO LIMITED	Additional director	25/07/2008	25/07/2008	-	Amalgamated	NO
3	U70100DL2008PTC174461	JINDAL REALMART PRIVATE LIMITED	Director	26/09/2008	04/08/2008	-	Amalgamated	NO
4	U45201DL2005PLC132392	CONSOLIDATED REALTORS LIMITED	Director	29/09/2008	04/08/2008	03/02/2011	Active	NO
5	U70101DL2003PLC121849	JINDAL REALTORS LIMITED	Director	29/09/2008	04/08/2008	25/03/2014	Active	NO
6	U65993DL1996PLC081586	CONSOLIDATED PHOTO & FINVEST LIMITED	Managing director	29/09/2009	29/08/2009	03/06/2014	Active	NO
7	U27202DL1996PLC259253	JUMBO FINANCE LTD	Director	14/09/2010	08/01/2010	25/03/2014	Active	NO
8	U70100WB2010PTC150710	OPUS CONBUILD PRIVATE LIMITED	Director	25/06/2010	25/06/2010	03/02/2011	Active	NO
9	U70101DL2010PTC206199	CONSOLIDATED BUILDTECH PRIVATE LIMITED	Director	23/07/2010	23/07/2010	03/02/2011	Amalgamated	NO
10	U65923UP2007PLC034339	CORNET VENTURES LIMITED	Director	28/09/2010	16/08/2010	21/12/2011	Active	NO
11	U70102WB2010PTC154368	CORNET REALTORS PRIVATE LIMITED	Director	30/10/2010	30/10/2010	-	Strike off	NO
12	U67120DL2010PTC210040	SJ GREEN FINVEST PRIVATE LIMITED	Director	01/11/2010	01/11/2010	-	Amalgamated	NO
13	U67120DL2010PTC210037	SBJ GREEN INVESTMENTS PRIVATE LIMITED	Director	01/11/2010	01/11/2010	25/03/2014	Active	NO
14	U67100DL2010PTC210150	CONSOLIDATED GREEN FINVEST PRIVATE LIMITED	Director	03/11/2010	03/11/2010	03/02/2011	Active	NO
15	U67190DL2010PTC210577	BJ GREEN FINVEST PRIVATE LIMITED	Director	19/11/2010	19/11/2010	25/03/2014	Active	NO
16	U70101DL2011PLC216559	HORIZON PROPBUILD LIMITED	Director	25/03/2011	25/03/2011	25/03/2014	Active	NO
17	U74120DL2007PLC171201	JINDAL BUILDMART LIMITED	Director	20/09/2012	21/12/2011	03/06/2014	Active	NO
18	U70109WB1994PTC062630	CHAMPAK NIKETAN PVT LTD	Director	25/08/2012	16/01/2012	25/03/2014	Active	NO
19	U40104DL2010PLC198949	JINDAL SOLAR POWER TECH LIMITED	Director	28/09/2012	22/03/2012	-	Active	NO
20	U17291MH2012PLC232211	GLOBAL NONWOVENS LIMITED	Director	15/06/2012	15/06/2012	03/11/2014	Active	NO

Name :

Mr. Sanjeev Kumar Agarwal

Designation :

Director

Address :

37/1, 2^nd Floor, Near Anand Nursing Home, West Patel Nagar, New Delhi-11008, India

Date of Birth/Age :

16.01.1964

Qualification :

BSC, LLB, MBA

Date of Appointment :

15.06.2012

DIN No.:

01623575

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	U24299DL1999PLC099183	JINDAL IMAGING LIMITED	Director	28/09/2007	20/07/2007	21/12/2011	Active	NO
2	U01134DL2004PLC126983	JINDAL MEADOWS LIMITED	Director	13/09/2010	16/08/2010	-	Active	NO
3	U74120DL2007PLC171201	JINDAL BUILDMART LIMITED	Director	13/09/2010	16/08/2010	21/12/2011	Active	NO
4	U45201DL2005PLC132392	CONSOLIDATED REALTORS LIMITED	Director	13/09/2010	16/08/2010	21/08/2014	Active	NO
5	U70109WB2010PTC154911	COSMIC PROPBUILD PRIVATE LIMITED	Director	23/11/2010	23/11/2010	-	Strike off	NO
6	U70102WB2010PTC154368	CORNET REALTORS PRIVATE LIMITED	Director	03/02/2011	03/02/2011	-	Strike off	NO
7	U70200WB2010PTC154406	CORNET PROPBUILD PRIVATE LIMITED	Director	03/02/2011	03/02/2011	-	Strike off	NO
8	U67100DL2010PTC210150	CONSOLIDATED GREEN FINVEST PRIVATE LIMITED	Director	03/02/2011	03/02/2011	-	Active	NO
9	U22300DL2008PLC182324	CONSOLIDATED IMAGING LIMITED	Director	23/09/2011	15/06/2011	-	Amalgamated	NO
10	U67120DL2010PLC210158	CONSOLIDATED FINVEST & INVESTMENTS LIMITED	Director	24/09/2012	21/12/2011	-	Active	NO
11	L33200UP1993PLC015474	CONSOLIDATED FINVEST & HOLDINGS LIMITED	Managing director	13/08/2014	21/12/2011	-	Active	NO
12	U25193DL2011PLC214537	HALDIA SYNTHETIC RUBBER LIMITED	Director	31/12/2011	31/12/2011	-	Strike off	NO
13	U17291MH2012PLC232211	GLOBAL NONWOVENS LIMITED	Director	15/06/2012	15/06/2012	-	Active	NO
14	U70101DL2012PLC239807	GLOW INFRABUILD LIMITED	Director	03/08/2012	03/08/2012	-	Active	NO
15	U51909WB1994PTC066537	BUDHIYA MARKETING PVT LTD	Director	31/08/2012	31/08/2012	-	Active	NO
16	U74999DL2011PTC222416	ANCHOR IMAGE & FILMS PRIVATE LIMITED	Director	30/09/2013	11/10/2012	-	Active	NO
17	U27202DL1996PLC259253	JUMBO FINANCE LTD	Director	30/09/2014	25/03/2014	-	Active	NO
18	U70101DL2003PLC121849	JINDAL REALTORS LIMITED	Additional director	25/03/2014	25/03/2014	20/08/2014	Active	NO
19	U74140DL2014PLC267850	JINDAL IMPERATIVE SPECIALIST LIMITED	Director	06/06/2014	06/06/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Nikhil Jain
Designation :	Assistant Manager Accounts

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2013

Names of Shareholders		No. of Shares
Consolidated Finvest and Holdings Limited, India		42799994
Ghanshyam Das Singal		1
Sanjeev Aggarwal		1
Radhey Shyam		1
Kamal Kumar Jain		1
Anil Kaushal		1
Pramod Kumar		1
Champak Niketan		20000000
Mangalgouri Vanijya		8000000
Total		70800000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Trader of Non Woven Fabric.

Products :	Not Divulged

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :
Products :	Machinery
Countries :	Germany

Terms :
Selling :	Cash and Credit

Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers :

Not Divulged

Customers :

End Users

No. of Employees :

70 (Approximately)

Bankers :

Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Banker Name :	Axis Bank Limited
Branch Address :	Rajendra Nagar, Delhi, India
Facilities :	Not Divulged
Person Name :	Not Divulged
Contact No.:	91-11-25869897
Report :	He denied to provide his opinion even his name also.

Facilities :

Financial Institute :	SBICAP Trustee Company Limited, 202, Maker Tower “E”, Cuff Parade, Mumbai – 4000065, Maharashtra, India

Auditors :
Name :	UBS and Company Chartered Accountant
Address :	New Delhi, India

Holding Company :	Consolidated Finvest and Holdings limited CIN No. L33200UP1993PLC015474

Fellow Subsidiaries :	Jindal Photo Investments Limited Jesmin Investments Limited Consolidated Finvest And Investments Limited Glow Infrabuild Limited Horizon Propbuild Limited Bhudhiya Marketing Private Limited

Memberships :	Not Divulged

Collaborators :	Not Divulged

Associates/Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

As on 30.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

71000000	Equity Shares	Rs.10/- each	Rs. 710.000 Millions

Isued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

70800000	Equity Shares	Rs.10/- each	Rs. 708.000 Millions

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount

71000000	Equity Shares	Rs.10/- each	Rs. 710.000 Millions

Isued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

57770000	Equity Shares	Rs.10/- each	Rs. 577.700 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS			31.03.2013
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital			577.700
(b) Reserves & Surplus			(5.219)
(c) Money received against share warrants			0.000

(2) Share Application money pending allotment			0.000
Total Shareholders’ Funds (1) + (2)			572.481

(3) Non-Current Liabilities
(a) long-term borrowings			0.000
(b) Deferred tax liabilities (Net)			0.000
(c) Other long term liabilities			0.000
(d) long-term provisions			0.075
Total Non-current Liabilities (3)			0.075

(4) Current Liabilities
(a) Short term borrowings			0.000
(b) Trade payables			10.884
(c) Other current liabilities			1.982
(d) Short-term provisions			0.027
Total Current Liabilities (4)			12.893

TOTAL			585.449

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets			2.588
(ii) Intangible Assets			0.330
(iii) Capital work-in-progress			117.177
(iv) Intangible assets under development			0.000
(b) Non-current Investments			385.644
(c) Deferred tax assets (net)			0.000
(d) Long-term Loan and Advances			0.000
(e) Other Non-current assets			0.000
Total Non-Current Assets			505.739

(2) Current assets
(a) Current investments			0.000
(b) Inventories			0.000
(c) Trade receivables			0.000
(d) Cash and cash equivalents			78.528
(e) Short-term loans and advances			1.182
(f) Other current assets			0.000
Total Current Assets			79.710

TOTAL			585.449

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013
	SALES
		Income	0.000
		Other Income	0.000
		TOTAL	0.000

Less	EXPENSES
		Cost of Materials Consumed	0.000
		Purchases of Stock-in-Trade	0.000
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	0.000
		Employees benefits expense	0.000
		Other expenses	5.218
		TOTAL	5.218

Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(5.218)

Less	FINANCIAL EXPENSES		0.000

	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		(5.218)

Less/ Add	DEPRECIATION/ AMORTISATION		0.000

	PROFIT/ (LOSS) BEFORE TAX		(5.218)

Less	TAX		0.000

	PROFIT AFTER TAX		(5.218)

	IMPORTS
	Capital Advances Paid		359.939
	TOTAL		359.939

	Earnings Per Share (Rs.)		(0.09)

KEY RATIOS

PARTICULARS		31.03.2013
Return on Total Assets (PBT/Total Assets}	(%)	(6.32)

Return on Investment (ROI) (PBT/Networth)		(0.01)

Debt Equity Ratio (Total Debt /Networth)		0.00

Current Ratio (Current Asset/Current Liability)		6.18

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 one years	Yes
12]	Profitability for last one 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	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	No
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	No
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

INDEX OF CHARGES

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

10484723

06/03/2014

2,877,000,000.00

SBICAP TRUSTEE COMPANY LIMITED

202, Maker Tower "E", Cuffe Parade, Mumbai, Maharashtra - 400005, INDIA

C00454140

OPERATIONS

The Company was incorporated on 15^th June, 2012 and is setting up project of Non woven fabric at Nashik, Maharashtra. During the period the company has incurred loss after tax of Rs 5.218 Millions.

FIXED ASSETS

· Furniture and Fixtures

· 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. 61.64
UK Pound	1	Rs. 97.84
Euro	1	Rs. 76.69

INFORMATION DETAILS

Information Gathered by :	NYA

Analysis Done by :	SUB

Report Prepared by :	KLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

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