MIRA INFORM REPORT

Report Date :

16.09.2014

IDENTIFICATION DETAILS

Name :	ELECTRONICA PLASTIC MACHINES LIMITED (w.e.f.12.03.2008)
Formerly Known As :	ELECTRONICA PLASTIC MACHINES PRIVATE LIMITED
Registered Office :	Gat No. 399, Hissa No. 1 and 2, Bhare, Taluka Mulshi, Pune – 412 111, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	28.12.2007
Com. Reg. No.:	11-131189
Capital Investment / Paid-up Capital :	Rs.2.489 Millions
CIN No.: [Company Identification No.]	L25200PN2007PLC131189
TAN No.: [Tax Deduction & Collection Account No.]	PNEE02521B / PNEE01324B
PAN No.: [Permanent Account No.]	AACCE0874D
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturer of Injection Moulding Machines.
No. of Employees :	125 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (32)

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

Maximum Credit Limit :	USD 540000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has incurred loss from its operational activates during financial year 2013. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. The company can be considered for business dealing with some caution.

NOTES:

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

ECGC Country Risk Classification List – 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	ICRA
Rating	Long term fund based limits – term loans =BB-
Rating Explanation	Inadequate degree of safety and high credit risk.
Date	March 2014

Rating Agency Name	ICRA
Rating	Long term fund based limits = A4+
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	March 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 :	Ms. Himali Pimpalkhare
Designation :	Finance Manager
Contact No.:	91-9850415725
Date :	28.08.2014

LOCATIONS

Registered Office / Works :	Gat No. 399, Hissa No. 1 and 2, Bhare, Taluka Mulshi, Pune – 412 111, Maharashtra, India
Tel. No.:	91-20-22922212 / 22922029 / 22922799/ 22922413 / 42273013
Mobile No.:	91-9850415725 (Mrs. Himali Pimpalkhare)
Fax No.:	91-20-22922074 / 30116566 / 20291158
E-Mail :	rvb@electronicapmd.com epmd@electronicapmd.com epm@vsnl.net smk@electronicapmd.com
Website :	http://www.electronicapmd.com www.elpml.com
Location :	Owned [Industrial]
Branches :	Located at: · Mumbai · Ahmedabad · Delhi · Chandigarh · Faridabad · Gurgaon · Kolkata · Chennai · Coimbatore · Bangalore · Hyderabad

DIRECTORS

AS ON 28.09.2013

Name :

Mr. Prakash Krishnaji Ratnaparkhi

Designation :

Whole-time director

Address :

Shivam, 8 Amar Society, Erandawane, Pune -411004, Maharashtra, India

Qualification :

B. Tech

Date of Birth/Age :

12.04.1946

Date of Appointment :

30.05.2014

DIN :

00180568

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	U31909MH1981PTC024618	ELECTRONICA EXPORTS PVT LTD	Director	15/06/1981	15/06/1981	10/12/2010	Active	NO
2	U72300MH1983PTC029434	ELEKTRA DATA SYSTEMS PVT LTD	Director	28/02/1983	28/02/1983	-	Active	NO
3	U31403MH1986PTC040814	ELECTRONICA MECHATRONIC SYSTEMS (INDIA) PRIVATE LIMITED	Whole-time director	28/06/2014	03/09/1986	-	Active	NO
4	U65910PN1990PLC057017	ELECTRONICA FINANCE LIMITED	Director	26/06/1990	26/06/1990	20/12/2008	Active	NO
5	U65993MH1990PTC057020	SHIRISH HOLDING AND FINANCE PRIVATE LIMITED	Director	26/06/1990	26/06/1990	-	Active	NO
6	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Director	26/07/1993	26/07/1993	29/08/2011	Active	NO
7	U72200PN1998PTC012922	EMS TECHNOLOGIES PRIVATE LIMITED	Director	01/10/1998	01/10/1998	01/04/2009	Active	NO
8	U74120PN2007PTC129476	ELECTRONICA FINSMART SOLUTIONS PRIVATE LIMITED	Director	15/01/2007	15/01/2007	-	Active	NO
9	U51909PN2007PTC130696	EMST MARKETING PRIVATE LIMITED	Director	12/09/2007	12/09/2007	-	Active	NO
10	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Whole-time director	30/05/2014	28/12/2007	-	Active	NO
11	L27107MH2007PLC199080	ELECTRONICA TOUGH CARB LIMITED	Additional director	31/12/2009	28/11/2008	01/06/2011	Active	NO
12	L29299PN2007PLC130906	ELECTRONICA INDUSTRIES LIMITED	Director	20/12/2008	28/11/2008	01/07/2009	Active	NO
13	U72900PN2010PTC137065	P E TECHNOLOGIES PRIVATE LIMITED	Director	06/08/2010	06/08/2010	-	Active	NO
14	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Director	19/12/2011	19/12/2011	-	Active	NO
15	U72200PN2002PTC016755	ASSURANCE SYSTEMS PRIVATE LIMITED	Additional director	01/03/2012	01/03/2012	30/06/2012	Active	NO
16	U29196PN2003PTC018501	INSPECS METROLOGY (INDIA) PRIVATE LIMITED	Director	25/08/2012	25/04/2012	-	Active	NO

Name :

Mr. Shrikant Madhav Kinjawadekar

Designation :

Whole-time Director

Address :

10, Megh Malhar Apartments, 30 Lokmanya Colony, Vanaz Factory, Pune – 411038, Maharashtra, India

Date of Birth/Age :

20.11.1951

Date of Appointment :

01.04.2014

DIN No.:

01088752

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	U29305MH1986PTC040807	MASSIVE ENGINEERING PRIVATE LIMITED	Director	01/01/1996	01/01/1996	01/10/2009	Active	NO
2	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	01/04/2014	01/04/2012	-	Active	NO
3	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Additional director	26/08/2014	17/04/2012	-	Active	NO

Name :

Mr. Amit Vaijanath Pendse

Designation :

Managing director

Address :

Plot No.15, Bharadwaj S No.28/8/7/1, Raghavnagar, Dhanakwadi, Pune – 411 043, Maharashtra, India

Date of Birth/Age :

22.11.1963

Date of Appointment :

01.06.2014

DIN No.:

05143030

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	U74900PN2011PTC141690	LABOTEK (INDIA) PRIVATE LIMITED	Managing director	24/02/2012	19/12/2011	21/11/2013	Active	NO
2	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Managing director	01/06/2014	01/04/2012	-	Active	NO
3	U91100DL2012NPL239417	PLASTICS MACHINERY MANUFACTURERS ASSOCIATION OF INDIA	Director	27/07/2012	27/07/2012	-	Active

Name :

Mr. Bhushan Nilkanth Gokhale

Designation :

Director

Address :

5 Akbar Road, New Delhi – 110 011, India

Date of Birth/Age :

25.12.1947

Date of Appointment :

28.09.2012

DIN No.:

01493276

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	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	28/09/2012	17/05/2012	-	Active	NO
2	U29100MH1947PTC005538	Indamer Aviation Private Limited	Director	19/08/2014	19/08/2014	-	Active	NO

Name :

Mr. Uday Madhav Chitale

Designation :

Director

Address :

167-C, Poonawadi, Dr. Ambedkar Roasd, Dadar (East), Mumbai - 400014, Maharashtra, India

Qualification :

Chartered Accountants

Date of Birth/Age :

20.10.1949

Date of Appointment :

31.12.2009

DIN :

00043268

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	U74140MH1998PTC116442	DFK CONSULTING SERVICES (INDIA) PRIVATE LIMITED	Director	04/09/1998	04/09/1998	-	Active	NO
2	U74120PN2001NPL016300	INDIAN COUNCIL FOR DISPUTE RESOLUTION	Director	05/07/2001	05/07/2001	-	Active	NO
3	U23201KA1997PLC032964	GMR Vemagiri Power Generation Limited	Director	30/09/2004	30/09/2004	-	Active	NO
4	U72900MH1993PLC131900	ICICI SECURITIES PRIMARY DEALERSHIP LIMITED	Director	11/10/2005	11/10/2005	-	Active	NO
5	L27102MH1994PLC152925	JSW Steel Limited	Director	31/07/2014	20/10/2005	-	Active	NO
6	U67120MH1995PLC086241	ICICI SECURITIES LIMITED	Director	27/06/2006	27/06/2006	-	Active	NO
7	U65923KA2006PTC040028	JANALAKSHMI FINANCIAL SERVICES PRIVATE LIMITED	Director	20/06/2014	05/08/2006	-	Active	NO
8	L28100KA1986PLC049077	Parrys Sugar Industries Limited	Director	28/09/2006	12/08/2006	27/08/2010	Active	NO
9	U51909MH2003PLC140116	NATIONAL COMMODITY AND DERIVATIVES EXCHANGE LIMITED	Nominee director	31/07/2007	08/11/2006	31/03/2009	Active	NO
10	L45203KA1996PLC034805	GMR INFRASTRUCTURE LIMITED	Director	05/12/2006	05/12/2006	11/09/2012	Active	NO
11	U29299PN2005PTC021445	DelVal Flow Controls Private Limited	Director	03/08/2009	10/10/2008	09/04/2014	Active	NO
12	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	31/12/2009	02/11/2009	-	Active	NO
13	U66020MH2009PLC189325	Axis Mutual Fund Trustee Limited	Director	26/04/2012	03/06/2011	-	Active	NO
14	U31403MH1986PTC040814	ELECTRONICA MECHATRONIC SYSTEMS (INDIA) PRIVATE LIMITED	Director	27/09/2012	26/12/2011	-	Active	NO
15	U66000MH2009PLC191935	ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED	Director	20/08/2013	04/12/2012	-	Active	NO

Name :

Mr. Vilas Waman Katre

Designation :

Director

Qualification :

Master Marinder

Address :

253, Sindh Housing Society, Aunch, Pune, Maharashtra, India

Date of Birth/Age :

23.05.1942

DIN :

00054460

Other Directorship :

· Seahorse India Private Limited

· Omega Global Logistics Private Limited

· IMSA Shipping Agency Private Limited

· Vasundhara Agrotech Private Limited

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	U61100MH1980PTC022382	SEAHORSE INDIA PRIVATE LIMITED	Director	21/03/1980	21/03/1980	-	Active	NO
2	U67120MH1987PTC043102	PACIFIC HOLDING PVT LTD	Director	18/04/1987	18/04/1987	-	Amalgamated	NO
3	U65991TN1989PTC018457	SEAHORSE FINANCIAL SERVICES PRIVATE LIMITED	Director	27/12/1990	27/12/1990	-	Strike off	NO
4	U63032TN1989PTC016847	IMSA SHIPPING AGENCY PRIVATE LIMITED	Director	27/12/1990	27/12/1990	-	Active	NO
5	L85110TN1982PLC009781	KMC SPECIALITY HOSPITALS (INDIA) LIMITED	Director	21/03/1994	21/03/1994	14/07/2008	Active	NO
6	U33110TN1970PLC005791	SIMCO ENGINEERING LIMITED	Whole-time director	30/06/1994	30/06/1994	05/06/2007	Active	NO
7	U63013TN1995PTC033929	20CUBE LOGISTICS PRIVATE LIMITED	Whole-time director	21/12/1995	21/12/1995	-	Active	NO
8	U63090TN2006PTC058508	D V R FREIGHT FORWARDERS PRIVATE LIMITED	Director	05/01/2006	05/01/2006	21/01/2008	Active	NO
9	L99999MH1964PLC013018	APLAB LIMITED	Director	27/06/2006	30/01/2006	10/06/2008	Active	NO
10	U51219MH2006PTC163094	VASUNDHARA AGROTECH PRIVATE LIMITED	Director	14/07/2006	14/07/2006	-	Active	NO
11	U99999MH1970GAP014629	INDIAN ELECTRICAL AND ELECTRONICS MANUFACFTURERS ASSOCIATION	Director	04/09/2006	04/09/2006	16/09/2009	Active	NO
12	U25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	30/09/2010	17/03/2010	-	Active	NO
13	U51909PN2007PTC130696	EMST MARKETING PRIVATE LIMITED	Director	27/09/2012	19/03/2012	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Himali Pimpalkhare
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 28.09.2013

Names of Shareholders	No. of Shares
P K Ratnaparkhi HUF	116316
Shirish Holding and Finance Private Limited, India	17908
Electra Data Systems Private Limited, India	63849

Equity Share Break up (Percentage of Total Equity)

AS ON 28.09.2013

Category	Percentage
Mutual Funds	0.01
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.01
Bodies corporate	35.17
Directors or relatives of Directors	51.81
Other top fifty shareholders	13.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer Injection Moulding Machines.
Products :	Manufacturing Range : · Horizontal Plastic Injection Moulding Machines · Elektra Power Saver · Labotek Minifeed (Auto Loader) Marketing Range: · TAYU Vertical Plastic 20 · LIANSU Extrusion Machines · Auxiliaries such as Hopper Dryer, Auto Loader, Mixer, Low-Medium-High Speed Crushers, Robot, Gas Assist Injection Equipments, etc.
Exports :
Products :	Injection Moulding Machine
Countries :	· Dubai · Nigeria
Import :
Products :	Injection Moulding Machine
Countries :	· China · Taiwan
Terms :
Selling :	Cash, L/C and Cheque
Purchasing :	Cash, L/C and Cheque

GENERAL INFORMATION

Supplier :

· Patel Alloy

· PSI and Hydronic

Customers :

Wholesalers and End Users

· Synergy Limited

· Nakoda Plastic

No. of Employees :

125 (Approximately)

Bankers :

· State Bank of India, Commercial Branch, 1548A, Sadashiv Peth, Tilak Road, Pune-411030, Maharashtra, India

· The Cosmos Co Operative Bank Limited (Parvati Branch), 269/270, Shaniwar Peth, Pune 411030, Maharashtra, India

· Yes Bank

Facilities :

SECURED LOANS	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
LONG TERM BORROWINGS
Rupee term loans from banks (Mortgage of Land and hypothecation of machinery)	30.304	39.702
SHORT TERM BORROWINGS
Working capital loans from banks (Hypothecation Of Stock And Debt and Mortgage of Plot shed and Land)	117.950	64.883
Total	148.254	104.585

Banking Relations :	--
Auditors :
Name :	HMA and Associates Chartered Accountants
Address :	Pune, Maharashtra, India
PAN No.:	AABFA2928C
Related Party :	· Electra Data Systems Private Limited [U72300MH1983PTC029434] · EMST Marketing Private Limited [U51909PN2007PTC130696] · Shirish Holding and Finance Private Limited [U65993MH1990PTC057020] · Aditya Mouldings Private Limited [U00313HR2005PTC035766] · Electronica Finsmart Solutions Private Limited [U74120PN2007PTC129476] · Electronica Machine Tools Limited [L74999MH1975PLC018397] · Ratnaparakhi Electronic Industries Private Limited [U74140MH1989PTC050743] · EMS Technologies Private Limited [U72200PN1998PTC012922]
Associates :	Electronica Mechatronic Systems India Private Limited [U31403MH1986PTC040814]

CAPITAL STRUCTURE

AS ON 28.09.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs. 10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
248900	Equity Shares	Rs. 10/- each	Rs.2.489 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.489	2.489	2.489
(b) Reserves & Surplus	131.561	131.804	127.884
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.011	0.011
Total Shareholders’ Funds (1) + (2)	134.050	134.304	130.384
(3) Non-Current Liabilities
(a) long-term borrowings	30.304	39.702	22.036
(b) Deferred tax liabilities (Net)	4.686	3.930	2.413
(c) Other long term liabilities	0.000	1.291	0.755
(d) long-term provisions	7.548	11.785	4.169
Total Non-current Liabilities (3)	42.538	56.708	29.373
(4) Current Liabilities
(a) Short term borrowings	142.103	81.175	79.205
(b) Trade payables	128.293	125.719	7.021
(c) Other current liabilities	44.814	71.142	40.845
(d) Short-term provisions	5.332	10.337	75.165
Total Current Liabilities (4)	320.542	288.373	202.236
TOTAL	497.130	479.385	361.993
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	246.175	232.365	115.312
(ii) Intangible Assets	1.438	1.519	0.000
(iii) Capital work-in-progress	0.022	0.000	1.457
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	1.365	1.414	1.484
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	2.593	3.411	19.917
(e) Other Non-current assets	5.129	2.578	0.136
Total Non-Current Assets	256.722	241.287	138.306
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	171.838	126.139	126.252
(c) Trade receivables	47.259	76.440	41.049
(d) Cash and cash equivalents	10.325	14.327	34.466
(e) Short-term loans and advances	0.000	0.000	4.343
(f) Other current assets	10.986	21.192	17.577
Total Current Assets	240.408	238.098	223.687
TOTAL	497.130	479.385	361.993

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations		581.489	521.099	619.689
		Other Income		12.057	25.923	31.180
		TOTAL (A)		593.546	547.022	650.869
Less	EXPENSES
		Cost of Materials Consumed		442.495	355.981	356.215
		Purchases of stock-in-trade		13.842	20.979	102.116
		Changes in inventories of finished goods, work-in-progress and stock-in-trade		(17.695)	12.434	(28.972)
		Employee benefit Expense		72.552	69.233	59.388
		Other Expenses		44.379	44.018	47.074
		Exceptional Items		0.000	0.000	0.284
		TOTAL (B)		555.573	502.645	536.105
Less	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			37.973	44.377	114.764
Less	FINANCIAL EXPENSES (D)			25.165	24.484	9.424
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			12.808	19.893	105.340
Less	DEPRECIATION/ AMORTISATION (F)			12.430	9.904	6.116
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			0.378	9.989	99.224
Less	TAX (H)			0.632	6.069	32.807
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			(0.254)	3.920	66.417
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			95.525	91.605	30.607
Less	APPROPRIATIONS
			Transfer to General Reserve	0.000	0.000	4.982
			Dividend	0.000	0.000	0.374
			Tax on Dividend	0.000	0.000	0.063
	BALANCE CARRIED TO THE B/S			95.271	95.525	91.605
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	NA	9.920	7.553
			Commission Earnings	NA	14.397	24.171
			Other Earnings	NA	0.635	0.000
	TOTAL EARNINGS			NA	24.952	31.724
	IMPORTS
			Raw Materials	NA	116.507	429.645
			Capital Goods	NA	65.242	16.125
	TOTAL IMPORTS			NA	181.749	445.770
	Earnings Per Share (Rs.)			(1.01)	15.75	266.84

Particulars	31.03.2014
Sales Turnover (Approximately)	500.000

Expected Sales ( 2014-15 ) : Rs.550.000 Millions

The above information has been parted by Ms. Himali Pimpalkhare.

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	(0.04)	0.72	10.20
Net Profit Margin (PBT/Sales)	(%)	0.07	1.92	16.01
Return on Total Assets (PBT/Total Assets}	(%)	0.08	2.09	27.63
Return on Investment (ROI) (PBT/Networth)		0.00	0.07	0.76
Debt Equity Ratio (Total Debt /Networth)		1.29	0.90	0.78
Current Ratio (Current Asset/Current Liability)		0.75	0.83	1.11

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	2.489	2.489	2.489
Reserves & Surplus	127.884	131.804	131.561
Share Application money pending allotment	0.011	0.011	0.000
Net worth	130.384	134.304	134.050
long-term borrowings	22.036	39.702	30.304
Short term borrowings	79.205	81.175	142.103
Total borrowings	101.241	120.877	172.407
Debt/Equity ratio	0.776	0.900	1.286

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	619.689	521.099	581.489
		(15.910)	11.589

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Revenue from operations	619.689	521.099	581.489
Profit/(Loss) After Tax	66.417	3.920	(0.254)
	10.72%	0.75%	(0.04%)

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 four years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
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	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

NOTE: Registered office address of the company has been shifted from Electra House, 691/1A, Pune Satara Road, Pune – 411 037, Maharashtra, India To the present address w.e.f.11.10.2008

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Millions	31.03.2012 Rs. In Millions
SHORT TERM BORROWINGS
Loans and Advances from related Parties	0.000	16.292
Intercorporate deposits	24.153	0.000
Total	24.153	16.292

INDEX OF CHARGE:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10280731	21/11/2011 *	120,000,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH,, 1548A, SADASHIV PETH, TILAK R  OAD, PUNE, MAHARASHTRA - 411030, INDIA	B27278787
2	10213858	21/11/2011 *	46,500,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH,, 1548A, SADASHIV PETH, TILAK R  OAD, PUNE, MAHARASHTRA - 411030, INDIA	B27284819
3	10213860	21/11/2011 *	160,000,000.00	STATE BANK OF INDIA-LEAD BANK	COMMERCIAL BRANCH,1548A, SADASHIV PETH, TILAK ROA  D, PUNE, MAHARASHTRA - 411030, INDIA	B27280817

* Date of charge modification

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· R and D

· Furniture, Fixture

· Office 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 exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.99
UK Pound	1	Rs.99.10
Euro	1	Rs.79.03

INFORMATION DETAILS

Information Gathered by :	DPA
Analysis done by :	KAR
Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	--
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	4
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/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	NO
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		32

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.