MIRA INFORM REPORT

Report No. :	318651
Report Date :	20.04.2015

IDENTIFICATION DETAILS

Name :	ANSAPACK PRIVATE LIMITED (w.e.f. 26.02.2011)
Formerly Known As :	ANSA PRINTPACK PRIVATE LIMITED
Registered Office :	The Simplex Mills Compound,1^st Floor, 30, K. K. Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (East), Mumbai - 400011, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	28.12.1994
Com. Reg. No.:	11-084095
Capital Investment / Paid-up Capital :	Rs.40.229 Million
CIN No.: [Company Identification No.]	U21000MH1994PTC084095
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMA21835C
PAN No.: [Permanent Account No.]	AAACA4849G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturing of Packaging Materials.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 1005000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2014 but the documents related to the financials are not available for any sources. As per available financials of years 2012-13 the company has reported rise in its turnover as well as decent profitability. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company can be considered for business dealing at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	August, 2014

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3
Rating Explanation	Moderate degree of safety and higher credit risk.
Date	August, 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 BY

Name :	Mr. Dhiraj Sharma
Designation :	Finance Manager
Contact No.:	91-9867020252

LOCATIONS

Registered Office / Corporate Office / Branch Office :	The Simplex Mills Compound,1^st Floor, 30, K. K. Marg, Sant Gadge Maharaj Chowk, Mahalaxmi (East), Mumbai - 400011, Maharashtra, India
Tel. No.:	91-22-23020260 / 23020253
Mobile No.:	91-9867020252 (Mr. Dhiraj Sharma)
Fax No.:	91-22-23006409 / 23006405
E-Mail :	nkaniyalan@ansapack.com dhirajsharma@ansapack.com marketing@ansapack.com
Website :	http://www.ansapack.com
Area :	1500 Sq. Ft.
Location :	Rented
Factory 1 :	12, Industrial Estate, Opposite Swastik Oil Mill, Ambernath, Thane - 421501, Maharashtra, India
Tel. No.:	91-251-2684092
Area :	25000 Sq. Ft.
Location :	Owned
Factory 2 :	Block No. 52m Mouje Kunvada, Taluka-Mangrol, District Surat, Gujarat, India
Area :	50000 Sq. Ft.
Location :	Owned
Factory 3 :	Plot No 15/16/21, MIDC, Ambernath (West), Thane – 421501, Maharashtra, India

DIRECTORS

As on 30.09.2014

Name :

Mr. Arvind Premnath Agarwal

Designation :

Director

Address :

6/1, Mitra Kunj, 16-A, Pedder Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

06.01.1955

Qualification :

B. Sc

Date of Appointment :

28.12.1994

PAN No.:

AAGPA0124R

DIN No.

00391757

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	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	Director	22/07/1988	22/07/1988	-	Amalgamated	NO
2	U17110MH1985PTC038080	PIRAMAL TEXTURISING PRIVATE LIMITED	Director	04/11/1993	04/11/1993	12/12/2014	Active	NO
3	U99999MH1989PTC053602	VULCAN INVESTMENTS PRIVATE LIMITED	Director	04/11/1993	04/11/1993	12/12/2014	Active	NO
4	U65990MH1994PTC078489	KUNVARDA INVESTMENTS PRIVATE LIMITED	Director	19/05/1994	19/05/1994	-	Amalgamated	NO
5	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	Director	19/05/1994	19/05/1994	-	Active	NO
6	U65990MH1994PTC078527	ADITYA AGARWAL INVESTMENTS (BOMBAY) PRIVATE LIMITED	Director	20/05/1994	20/05/1994	-	Active	NO
7	U99999MH1994PLC083006	SHREELEKHA GLOBAL FINANCE LIMITED	Director	16/11/1994	16/11/1994	-	Active	NO
8	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	Director	28/12/1994	28/12/1994	-	Active	NO
9	U67120MH1996PTC098787	NIFTY HOLDINGS PRIVATE LIMITED	Director	10/04/1996	10/04/1996	-	Active	NO
10	U67120MH1996PTC098788	EMBLEM HOLDINGS PRIVATE LIMITED	Director	10/04/1996	10/04/1996	-	Active	NO
11	U67120MH1996PTC098818	GAIETY HOLDINGS PRIVATE LIMITED	Director	11/04/1996	11/04/1996	-	Active	NO
12	U65990MH1976PTC019033	SAVOY FINANCE AND INVESTMENT PRIVATE LIMITED	Director	20/11/2001	20/11/2001	-	Amalgamated	NO
13	U26109MH2002PTC137008	ANSA DECOGLASS PRIVATE LIMITED	Director	28/08/2002	28/08/2002	-	Active	NO
14	U45203MH2007PTC171591	NARIMAN INFRASTRUCTURE PRIVATE LIMITED	Director	26/06/2007	26/06/2007	02/07/2007	Converted to LLP and dissolved	NO
15	U52599MH2007PTC167646	AIKONE MARKETING AND MANAGEMENT SERVICES PRIVATE LIMITED	Director	31/10/2007	01/10/2007	-	Amalgamated	NO
16	U25193MH2008PTC185876	ANSA FLEXIPACK PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Strike off	NO
17	U36990MH2010PTC211118	BIG SKY TRADING PRIVATE LIMITED	Director	04/02/2011	04/02/2011	-	Strike off	NO
18	U36912MH2011PTC221397	KOSAMBA GLASS DECO PRIVATE LIMITED	Director	29/08/2011	29/08/2011	-	Active	NO
19	U70109MH2011PTC221461	INNOVADOR REALTORS PRIVATE LIMITED	Director	30/08/2011	30/08/2011	23/01/2014	Active	NO
20	U70102MH2011PTC222127	DEVOTION REALTORS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Strike off	NO

Name :

Mr. Prakash Kanayalal Makhija

Designation :

Director

Address :

1-18, Padam G. Deshmukh Marg, Shankar Chowk, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

08.07.1954

Qualification :

B. Sc

Date of Appointment :

18.04.1995

DIN No.

00152971

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	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	Director	18/04/1995	18/04/1995	-	Active	NO
2	U63040MH1999PTC120013	TRAVELVOYAGES (INDIA) PRIVATE LIMITED	Director	25/05/1999	25/05/1999	-	Active	NO
3	U63040MH2011PTC219341	Travel Studio India Private Limited	Director	01/07/2011	01/07/2011	-	Active	NO

Name :

Mr. Anil Gopal Sharma

Designation :

Director

Address :

A-7, Parekh Apartments, Raheja Towership, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

13.11.1958

Qualification :

Graduate

Date of Appointment :

15.12.2003

DIN No.

01096010

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	U26109MH2002PTC137008	ANSA DECOGLASS PRIVATE LIMITED	Director	12/12/2002	12/12/2002	-	Active	NO
2	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	Director	15/12/2003	15/12/2003	-	Amalgamated	NO
3	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	Director	15/12/2003	15/12/2003	-	Active	NO
4	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	Director	03/03/2007	03/03/2007	-	Active	NO
5	U25193MH2008PTC185876	ANSA FLEXIPACK PRIVATE LIMITED	Director	18/08/2008	18/08/2008	-	Strike off	NO

Name :

Mr. Gautam Arvind Agarwal

Designation :

Director

Address :

6/1, Mitra Kunj, 16/A, Peddar Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

21.12.1987

Date of Appointment :

15.06.2010

PAN No.:

AINPA0315M

DIN No.

03123911

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	U21000MH1994PTC084095	ANSAPACK PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
2	U67120MH1994PTC078488	ECOFRIENDLY CORPACK PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Active	NO
3	U51900MH1982PTC027754	ANSA PACKAGING PRODUCTS PRIVATE LIMITED	Director	15/06/2010	15/06/2010	-	Amalgamated	NO

Name :

Mr. Aditya Arvind Agarwal

Designation :

Director

Address :

6/1, Mitra Kunj, 16/A, Peddar Road, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

19.10.1990

Date of Appointment :

24.05.2013

PAN No.:

AIKPA7891F

DIN No.

06611039

KEY EXECUTIVES

Name :	Mr. Dhiraj Sharma
Designation :	Finance Department

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Arvind P. Agarwal	490416
Premnath Agarwal	1020
Nifty Holding Private Limited	674424
Galety Holding Private Limited	546924
Piramal Corporate Service Limited	907953
Sai Darshan Business Centre Private Limited	164424
Emblem Holding Private Limited	546924
Premanth B Agarwal	326400
Rachna Agarwal	25500
Janak P. Agarwal	19380
Aditya Agarwal Investments (Bombay)	36924
Alpex Holdings Private Limited	59058
Alpex Power Private Limited	59058
VKT Venture LLP	51
Shivani Vishal Jatia	164424
Total	4022880

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	74.47
Directors or relatives of Directors	21.44
Other top fifty shareholders	4.09
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Packaging Materials.

Products :

Product Description	Item Code No. (ITC Code)
Laminating Film	39201011
Corrugated Cartoons	47071000
Packing Materials	48191010
Aluminum Foil	76072090

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

Customers :

Reference :	Not Divulged
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Experience :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Remark :	Not Divulged

No. of Employees :

Information denied by management

Bankers :

• Axis Bank Limited, Chembur, Mumbai – 400077, Maharashtra, India
• Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
• HDFC Bank Limited, Fort, Mumbai, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 Rs. In Million	31.03.2012 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	71.771	2.896
Term loans from others	27.761	0.000
Other loans and advances	2.596	1.854
SHORT TERM BORROWINGS
Working capital loans from banks	310.054	304.457
Other loans and advances	117.591	55.307
Total

Financial Institution :	TATA Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India Siemens Financial Services Private Limited, 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018, Maharashtra, India
Auditors :
Name :	Vijay Rungta and Company Chartered Accountants
Address :	4/88, Nityanand Nagar, S N Marg, Opposite Railway Station, Andheri (East), Mumbai – 400 069, Maharashtra, India
Tel. No.:	91-22-26836687
Fax No.:	91-22-26843748
E-Mail :	vrco84@gmail.com
PAN No.:	AAAFV0164A
Memberships :	--
Collaborators :	--
Associates :	Aditya Agarwal Investments (Bombay) Private Limited CIN No.: U65990MH1994PTC078527 Ansa Decoglass Private Limited CIN No.: U26109MH2002PTC137008 Ecofriendly Corpack Private Limited CIN No.: U67120MH1994PTC078488 Emblem Holdings Private Limited CIN No.: U67120MH1996PTC098788 Gaiety Holdings Private Limited CIN No.: U67120MH1996PTC098787 Nifty Holdings Private Limited CIN No.: U67120MH1996PTC098787 Premnath Agarwal (HUF)

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs.70.000 Million
65000	Preference Shares	Rs.100/- each	Rs.6.500 Million
	Total		Rs.76.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4022880	Equity Shares	Rs.10/- each	Rs.40.229 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	40.229	0.789	0.644
(b) Reserves & Surplus	311.463	328.721	307.911
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.144
Total Shareholders’ Funds (1) + (2)	351.692	329.510	308.699
(3) Non-Current Liabilities
(a) long-term borrowings	277.321	110.638	134.911
(b) Deferred tax liabilities (Net)	35.701	30.397	29.975
(c) Other long term liabilities	23.579	26.612	50.591
(d) long-term provisions	3.246	2.528	1.430
Total Non-current Liabilities (3)	339.847	170.175	216.907
(4) Current Liabilities
(a) Short term borrowings	427.645	359.764	256.868
(b) Trade payables	362.393	269.727	225.162
(c) Other current liabilities	102.488	43.252	31.724
(d) Short-term provisions	2.347	2.048	11.594
Total Current Liabilities (4)	894.873	674.791	525.348
TOTAL	1586.412	1174.476	1050.954
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	576.356	448.719	344.507
(ii) Intangible Assets	7.138	8.510	10.097
(iii) Capital work-in-progress	86.798	5.396	101.917
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	10.845	7.193	4.059
(e) Other Non-current assets	0.861	0.000	0.000
Total Non-Current Assets	681.998	469.818	460.580
(2) Current assets
(a) Current investments	0.000	0.085	0.085
(b) Inventories	431.816	361.385	262.320
(c) Trade receivables	338.718	288.609	273.132
(d) Cash and cash equivalents	32.432	10.653	10.093
(e) Short-term loans and advances	34.300	30.565	44.630
(f) Other current assets	67.148	13.361	0.114
Total Current Assets	904.414	704.658	590.374
TOTAL	1586.412	1174.476	1050.954

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2013	31.03.2012	31.03.2011
	SALES
		Income		1777.400	1544.400	1402.125
		Other Income		NA	NA	NA
		TOTAL (A)		NA	NA	NA
	EXPENSES
		TOTAL (B)		NA	NA	NA
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			NA	124.266	130.268
Less	FINANCIAL EXPENSES (D)			NA	61.002	52.684
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			NA	63.264	77.584
Less	DEPRECIATION/ AMORTISATION (F)			NA	29.890	29.602
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			NA	33.374	47.982
Less	TAX (H)			NA	9.977	19.485
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			26.884	23.397	28.497
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			128.736	107.964	82.592
Less	APPROPRIATIONS
			Transfer to General Reserve	0.635	2.350	2.850
			Dividend	0.241	0.237	0.236
			Tax on Dividend	0.041	0.038	0.039
	BALANCE CARRIED TO THE B/S			154.703	128.736	107.964
	Earnings / (Loss) Per Share (Rs.)			6.68	5.82	435.3

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	1.51	1.51	2.03
Operating Profit Margin (PBDIT/Sales)	(%)	NA	8.05	9.29
Return on Total Assets (PBT/Total Assets}	(%)	NA	2.85	5.06
Return on Investment (ROI) (PBT/Networth)		NA	0.10	0.16
Debt Equity Ratio (Total Debt /Networth)		2.00	1.43	1.27
Current Ratio (Current Asset/Current Liability)		1.01	1.04	1.12

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	0.644	0.789	40.229
Reserves & Surplus	307.911	328.721	311.463
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.144	0.000	0.000
Net worth	308.699	329.510	351.692
Long Term borrowings	134.911	110.638	277.321
Short Term borrowings	256.868	359.764	427.645
Total borrowings	391.779	470.402	704.966
Debt/Equity ratio	1.269	1.428	2.004

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1,402.125	1,544.400	1,777.400
		10.147	15.087

NET PROFIT MARGIN

Net Profit Margin	31.03.2011	31.03.2012	31.03.2013
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	1,402.125	1,544.400	1,777.400
Profit	28.497	23.397	26.884
	2.03%	1.51%	1.51%

LOCAL AGENCY FURTHER INFORMATION

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

UNSECURED LOANS:

Particulars	31.03.2013 Rs. In Million	31.03.2012 Rs. In Million
LONG TERM BORROWINGS
Deposits from shareholders	60.004	26.827
Intercorporate deposits	37.471	37.019
Loans and advances from related parties	77.718	42.042
Total	175.193	105.888

CORPORATE INFORMATION

Subject is in the business of Manufacturing of Packaging Materials

OPERATIONS:

The Net Revenues of the year has increased to Rs.1777.400 Million from Rs.1544.400 Million achieved in the previous year. The Directors are making continuous efforts to improve the performance of the Company. The Company has been focusing on adding new customers and developing markets for new products which will help in further improving the performance of the company.

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10537997	28/11/2014	9,559,580.00	Siemens Financial Services Private Limited	130, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400018, India	C37711272
2	10512685	08/07/2014	6,300,000.00	Siemens Financial Services Private Limited	130, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400018, India	C14896914
3	10495776	07/03/2014	11,375,000.00	Siemens Financial Services Private Limited	130, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400018, India	C04784815
4	10473867	30/12/2013	40,000,000.00	Siemens Financial Services Private Limited	130, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra - 400018, India	B94816279
5	10449295	06/09/2013	18,758,000.00	Tata Capital Financial Services Limited	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B85089589
6	10439601	28/03/2014 *	65,000,000.00	HDFC Bank Limited	HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India	C04871927
7	10430410	28/11/2013 *	14,377,000.00	Tata Capital Financial Services Limited	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B91794321
8	10416864	20/03/2013	2,250,000.00	Tata Capital Financial Services Limited	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B72309339
9	10371436	22/11/2012 *	37,700,000.00	Tata Capital Financial Services Limited	One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, Maharashtra - 400001, India	B64212608
10	10363147	30/05/2012	120,000,000.00	Yes Bank Limited	9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai, Maharashtra - 400018, India	B42690610

*Date of modification Charges

FIXED ASSETS:

· Land

· Buildings

· Factory building

· Plant and equipment

· Factory equipment’s

· Other plant and equipment

· Vehicles

· Office equipment

· Other equipment’s

· Computer software

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.62.35
UK Pound	1	Rs.93.10
Euro	1	Rs.67.13

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	SUC
Report Prepared by :	KVT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION		0
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		42

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.