MIRA INFORM REPORT

Report No. :	312528
Report Date :	25.04.2015

IDENTIFICATION DETAILS

Name :	AMRITA ENTERPRISES PRIVATE LIMITED
Registered Office :	No. 42, Bharathiar Street, Ashok Nagar, Puducherry - 605008
Tel no. :	91-484-2801234
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.05.2003
Com. Reg. No.:	59-001704
Capital Investment / Paid-up Capital :	Rs. 44.162 Million
CIN No.: [Company Identification No.]	U74999PY2003PTC001704
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAECA4257G
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of pharmaceutical products and Provide allied services
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow and delayed
Litigation :	Clear
Comments :	The Subject is an established company having a moderate track record. The company has accumulated losses which have eroded its networth. Payments are reported to be slow and delayed. The company can be considered for business dealings on safe and secured 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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

Name :	Mr. Manoj
Designation :	Finance Manger
Contact No.:	91-484-2853830
Date :	24.04.2015

LOCATIONS

Registered Office :	No. 42, Bharathiar Street, Ashok Nagar, Puducherry - 605008
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	info@amirtatv.com roopan@amritatv.com satishkumarp@amritatv.com
Website :	http://www.amritatv.com
Corporate Office :	TC 15/1069, Gandhi Nagar, Vazhuthacaud, Thiruvananthapuram – 695014, Kerala, India
Tel. No.:	91-471-2321500/ 2328901
Fax No.:	91-471-2328900
E-Mail :	info@amritatv.com
Channel Office :	Ponekkara (PO), Edapally, Kochi - 682041, Cochin, India
Marketing Offices :	Located at: · Delhi · Dubai , United Arab Emirates · Mumbai · Calicut  · Chennai   · Kochi  · Trivandrum

DIRECTORS

As on 18.09.2014

Name :

Mahadevan Rama Iyer

Designation :

Director

Address :

49, Matha Amrita Nandapetam, Alappad, Karunagapally – 690525, Kerala, India

Date of Birth/Age :

24.05.1951

Date of Appointment :

03.05.2003

DIN No.:

00335710

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	U74999PY2003PTC001704	AMRITA ENTERPRISES PRIVATE LIMITED	Director	03/05/2003	03/05/2003	-	Active	NO
2	U72900PY2008PTC002201	AMRITA TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO
3	U73100PY2011NPL002610	AMRITA CENTRE FOR RESEARCH AND DEVELOPMENT	Director	27/07/2011	27/07/2011	-	Active	NO

Name :

Sreekumar Karunakaran

Designation :

Director

Address :

38/1963, Palakkat Colony, Elamkulam Road, Cochin, Kerala, India

Date of Birth/Age :

27.11.1957

Date of Appointment :

23.02.2006

DIN No.:

00335407

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	U74999PY2003PTC001704	AMRITA ENTERPRISES PRIVATE LIMITED	Director	23/02/2006	23/02/2006	-	Active	NO
2	U22121TN1959PLC003776	EXPRESS PUBLICATIONS (MADURAI) LIMITED	Director	28/09/2010	22/04/2010	-	Active	NO
3	U72900PY2008PTC002201	AMRITA TECHNOLOGIES (INDIA) PRIVATE LIMITED	Director	29/07/2010	29/07/2010	-	Active	NO
4	U73100PY2011NPL002610	AMRITA CENTRE FOR RESEARCH AND DEVELOPMENT	Director	27/07/2011	27/07/2011	-	Active	NO

Name :

Janamirtandapuri Kunjan

Designation :

Director

Address :

49, Matha Amrita Nandapetam, Alappad, Karunagapally – 690525, Kerala, India

Date of Birth/Age :

20.07.1962

Date of Appointment :

03.05.2003

DIN No.:

00335772

KEY EXECUTIVES

Name :	Mr. Manoj
Designation :	Finance Manger

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 18.09.2014

NOTE: SHAREHOLDING DETAILS FILE ATTACHED

As on 18.09.2014

Equity Share Break up (Percentage of Total Equity)

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	3.34
Others	96.66
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of pharmaceutical products and Provide allied services

Products :

ITC Code No.	Product Descriptions
99846220	Television channel programmes
99831326	Other software services
99611730	Pharmaceutical products

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

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

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

No. of Employees :

Not Divulged

Bankers :

· The Dhanalakshmi Bank Limited, Shanmugham Road Branch, Ernakulam, Kochi - 682031, Kerala, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from banks	285.297	345.001
Total	285.297	345.001

Auditors :
Name :	N. Raja And Associates Chartered Accountants
Address :	8, Gopalakishna Road, T. Nagar, Chennai-600017, Tamilnadu, India
Income-tax PAN of auditor or auditor's firm :	AAAFN3516A
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 18.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
600,000	Equity Shares	Rs.100/- each	Rs. 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
441,618	Equity Shares	Rs.10/- each	Rs. 44.162 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	44.162	37.062	37.062
(b) Reserves & Surplus	(73.960)	(56.277)	(49.916)
(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)	(29.798)	(19.215)	(12.854)
(3) Non-Current Liabilities
(a) long-term borrowings	285.297	345.001	244.337
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	285.297	345.001	244.337
(4) Current Liabilities
(a) Short term borrowings	92.374	38.184	91.864
(b) Trade payables	155.652	145.030	292.809
(c) Other current liabilities	250.233	238.630	12.586
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	498.259	421.844	397.259
TOTAL	753.758	747.630	628.742
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	189.211	177.840	172.577
(ii) Intangible Assets	122.080	128.243	63.348
(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	160.000	160.000	160.000
(c) Deferred tax assets (net)	2.196	2.196	1.673
(d) Long-term Loan and Advances	40.067	44.988	37.876
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	513.554	513.267	435.474
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	89.607	89.224	74.707
(c) Trade receivables	81.358	44.796	35.756
(d) Cash and cash equivalents	11.113	14.091	10.506
(e) Short-term loans and advances	46.099	74.827	64.854
(f) Other current assets	12.027	11.425	7.445
Total Current Assets	240.204	234.363	193.268
TOTAL	753.758	747.630	628.742

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL	NA	NA	NA
Less	EXPENSES
		TOTAL	NA	NA	NA
	PROFIT/ (LOSS) BEFORE TAX		NA	NA	NA
Less	TAX		NA	NA	NA
	PROFIT/ (LOSS) AFTER TAX		(17.683)	(6.362)	(1.537)
	Earnings/ (Loss) Per Share (Rs.)		(40.04)	(17.17)	(4.15)

KEY RATIOS

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
Debt Equity Ratio (Total Debt /Networth)	(12.67)	(19.94)	(26.16)
Current Ratio (Current Asset/Current Liability)	0.48	0.56	0.49

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	37.062	37.062	44.162
Reserves & Surplus	(49.916)	(56.277)	(73.960)
Net worth	(12.854)	(19.215)	(29.798)
long-term borrowings	244.337	345.001	285.297
Short term borrowings	91.864	38.184	92.374
Total borrowings	336.201	383.185	377.671
Debt/Equity ratio	(26.155)	(19.942)	(12.674)

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	No
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	No
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
SHORT TERM BORROWING
Other loans and advances	92.374	38.184
Total	92.374	38.184

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10405734	31/01/2013	50,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	B68836980
2	10385609	15/10/2012	60,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	B61772679
3	10197982	06/01/2010	50,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	A77918530
4	10177211	09/09/2009	50,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	A70150131
5	10128037	29/08/2008	40,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	A48177802
6	10015020	31/01/2013 *	170,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	B68801323
7	90005838	19/05/2004	250,000,000.00	THE DHANALAKSHMI BANK LIMITED	SHANMUGHAM ROAD BRANCH, ERNAKULAM, KOCHI - 682031, KERALA, INDIA	-

* Date of charge modification

FIXED ASSETS:

· Land

· Plant and equipment

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipments

· Other equipments

· Books periodicals

· 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.63.40
UK Pound	1	Rs.95.42
Euro	1	Rs.68.48

INFORMATION DETAILS

Information Gathered by :	NYA
Analysis Done by :	SUC
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILITY	1~10	1
--LIQUIDITY	1~10	1
--LEVERAGE	1~10	1
--RESERVES	1~10	1
--CREDIT LINES	1~10	1
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		11

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.