MIRA INFORM REPORT

Report No. :	319462
Report Date :	30.04.2015

IDENTIFICATION DETAILS

Name :	K.I. (INTERNATIONAL) LIMITED
Registered Office :	664, T.H. Road, Tondiarpet, Chennai-600081, Tamilnadu
Tel. No.:	91- 44-25910850 / 25910855/ 42961100 - 130 (except 129)
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.01.2005
Com. Reg. No.:	18-055189
Capital Investment / Paid-up Capital :	Rs. 54.810
CIN No.: [Company Identification No.]	U63023TN2005PLC055189
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCK6186E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Trader of Iron and Steels
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 230000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Exist
Comments :	Subject is an established company having moderate track record. For the financial year ended 2014, the company has reported below average financial performance which led to loss incurred from its operational activities. Further, company has taken huge external borrowing, which acts as threatening to the liquidity position of the company. However, trade relations are reported as fair. Payments are reported to be slow but correct. In view of operational loss, 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 – 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	CRISIL
Rating	Long Term Rating (B)
Rating Explanation	Risk prone credit quality and carries very high credit risk.
Date	December 09, 2014
Rating Agency Name	CRISIL
Rating	Short Term Rating (A4)
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	December 09, 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

LOCATIONS

Registered Office / Corporate Office :	664, T.H. Road, Tondiarpet, Chennai-600081, Tamilnadu, India
Tel. No.:	91- 44-25910850 / 25910855/ 42961100 - 130 (except 129)
Fax No.:	91-44-2591 760/ 25917603
E-Mail :	Vkkothari123@gmail.com info@kamachigroup.com impex@kamachigroup.com
Website :	www.kamachigroup.com
Head Office :	ABC Trade Centre (Inside Devi Theatre Complex), Old No.50, New No.39, Anna Salai, Chennai - 600 002, Tamilnadu, India.
Tel. No.:	91-44-42961100
Fax No.:	91-44-42961122
Stockyards for Imports and Trading’s Facilities:	142/1A, Manali Oil Refinery Road, Ervanoor, Chennai- 600 057 Tamilnadu, India
Tel. No.:	91-44 - 2574 0800
Godown	13/C, Ellaya Mudali Street, Tondiarpet, Chennai - 600 081, Tamilnadu, India.
Tel. No.:	91-44-2591 0855

DIRECTORS

As on: 30.09.2014

Name :

Mr. Ghisulal Kothari

Designation :

Director

Address :

New No.10, Old No.13, Sylvan Lodge Colony, 1^st Cross Street, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

04.12.1950

Date of Appointment :

20.01.2005

Pan:

AADPK8079N

DIN No.:

01168461

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	U45402TN1995PLC030832	ABC PROPERTIES LIMITED	Director	05/04/1995	05/04/1995	25/12/2009	Active	NO
2	U27105TN1995PLC030850	KAMACHI STEELS LIMITED	Director	06/04/1995	06/04/1995	-	Active	NO
3	U27104TN1990PLC019711	GOYAL ISPAT LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
4	U27106TN2003PLC051727	KAMACHI SPONGE AND POWER CORPORATION LIMITED	Director	08/10/2003	08/10/2003	-	Active	NO
5	U65921WB1990PTC050426	KAMACHI INVESTMENTS PRIVATE LIMITED	Whole-time director	13/09/2004	13/09/2004	-	Active	NO
6	U51420TN2005PLC055189	K.I.(INTERNATIONAL) LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
7	U51109WB1995PTC073455	SOLANKI TEXCOM PRIVATE LIMITED	Director	28/09/2006	19/04/2006	-	Active	NO
8	U74899WB1995PLC114981	SHIVPRIYA FINVEST LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
9	U51109WB2005PTC102246	SAMARTH GOODS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
10	U72100WB2007PTC112561	SALTEE SOFTWARE PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
11	U14102RJ1993PTC007445	KAMACHI GRANITES PRIVATE LIMITED	Director	19/02/2011	19/02/2011	-	Active	NO
12	U40200TN2011PLC082149	KAMACHI THERMAL POWER LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
13	U40108TN2011PLC082135	KAMACHI GREEN ENERGY LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO

Name :

Mr. Shantilal Meghraj Kothari

Designation :

Director

Address :

New No.10, Old No.13, Sylvan Lodge Colony, 1^st Cross Street, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

01.05.1953

Date of Appointment :

20.01.2005

PAN

AADPK8673Q

DIN No.:

01789941

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	U45402TN1995PLC030832	ABC PROPERTIES LIMITED	Director	05/04/1995	05/04/1995	25/12/2009	Active	NO
2	U27105TN1995PLC030850	KAMACHI STEELS LIMITED	Director	06/04/1995	06/04/1995	-	Active	NO
3	U27104TN1990PLC019711	GOYAL ISPAT LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
4	U27106TN2003PLC051727	KAMACHI SPONGE AND POWER CORPORATION LIMITED	Director	08/10/2003	08/10/2003	-	Active	NO
5	U65921WB1990PTC050426	KAMACHI INVESTMENTS PRIVATE LIMITED	Director	13/09/2004	13/09/2004	-	Active	NO
6	U51420TN2005PLC055189	K.I.(INTERNATIONAL) LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
7	U51109WB1995PTC073455	SOLANKI TEXCOM PRIVATE LIMITED	Director	19/04/2006	19/04/2006	-	Active	NO
8	U28931WB1996PTC117342	DEVSHREE SAVING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
9	U51109WB2005PTC102246	SAMARTH GOODS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
10	U72100WB2007PTC112561	SALTEE SOFTWARE PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
11	U40200TN2011PLC082149	KAMACHI THERMAL POWER LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO
12	U40108TN2011PLC082135	KAMACHI GREEN ENERGY LIMITED	Director	30/08/2011	30/08/2011	-	Active	NO

Name :

Mr. Sardarmal Kothari

Designation :

Director

Address :

New No.10, Old No.13, Sylvan Lodge Colony, 1^st Cross Street, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

03.10.1958

Date of Appointment :

20.01.2005

PAN

AADPK9902A

DIN No.:

01168374

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	U27105TN1995PLC030850	KAMACHI STEELS LIMITED	Director	06/04/1995	06/04/1995	Active	NO	1
2	U27106TN2003PLC051727	KAMACHI SPONGE AND POWER CORPORATION LIMITED	Managing director	01/04/2009	08/10/2003	Active	NO	2
3	U27107GA2002PLC003121	MAA DURGA ENTERPRISES LIMITED	Director	02/08/2004	02/08/2004	Active	NO	3
4	U65921WB1990PTC050426	KAMACHI INVESTMENTS PRIVATE LIMITED	Director	13/09/2004	13/09/2004	Active	NO	4
5	U27104TN1990PLC019711	GOYAL ISPAT LIMITED	Director	01/10/2004	01/10/2004	Active	NO	5
6	U51420TN2005PLC055189	K.I.(INTERNATIONAL) LIMITED	Director	20/01/2005	20/01/2005	Active	NO	6
7	U51109WB1995PTC073455	SOLANKI TEXCOM PRIVATE LIMITED	Director	28/09/2006	19/04/2006	Active	NO	7
8	U67120WB1996PTC117347	S B M INVESTMENTS PRIVATE LIMITED	Director	30/10/2007	30/10/2007	Active	NO	8
9	U51109WB2005PTC102246	SAMARTH GOODS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	Active	NO	9
10	U72100WB2007PTC112561	SALTEE SOFTWARE PRIVATE LIMITED	Director	30/09/2010	30/09/2010	Active	NO	10
11	U40200TN2011PLC082149	KAMACHI THERMAL POWER LIMITED	Director	30/08/2011	30/08/2011	Active	NO	11
12	U40108TN2011PLC082135	KAMACHI GREEN ENERGY LIMITED	Director	30/08/2011	30/08/2011	Active	NO	12

Name :

Mr. Kewalchand Meghraj Kothari

Designation :

Director

Address :

New No.10, Old No.13, Sylvan Lodge Colony, 1^st Cross Street, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

15.06.1971

Date of Appointment :

20.01.2005

DIN No.:

01789704

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	U27106TN2003PLC051727	KAMACHI SPONGE AND POWER CORPORATION LIMITED	Director	08/10/2003	08/10/2003	Active	NO	1
2	U27107GA2002PLC003121	MAA DURGA ENTERPRISES LIMITED	Director	20/01/2004	20/01/2004	Active	NO	2
3	U51420TN2005PLC055189	K.I.(INTERNATIONAL) LIMITED	Director	20/01/2005	20/01/2005	Active	NO	3
4	U65921WB1994PTC117343	BOOH FINANCE COMPANY PRIVATE LIMITED	Director	30/10/2007	30/10/2007	Active	NO	4
5	U51109WB2005PTC102246	SAMARTH GOODS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	Active	NO	5
6	U72100WB2007PTC112561	SALTEE SOFTWARE PRIVATE LIMITED	Director	30/09/2010	30/09/2010	Active	NO	6
7	U14102RJ1993PTC007445	KAMACHI GRANITES PRIVATE LIMITED	Director	19/02/2011	04/02/2011	Active	NO	7
8	U40200TN2011PLC082149	KAMACHI THERMAL POWER LIMITED	Director	30/08/2011	30/08/2011	Active	NO	8
9	U40108TN2011PLC082135	KAMACHI GREEN ENERGY LIMITED	Director	30/08/2011	30/08/2011	Active	NO	9

Name :

Mr. Vinod Kothari

Designation :

Director

Address :

New No.10, Old No.13, Sylvan Lodge Colony, 1^st Cross Street, Kilpauk, Chennai-600010, Tamilnadu, India

Date of Birth/Age :

05.12.1972

Date of Appointment :

20.01.2005

Pan

AADPK8080H

DIN No.:

00215412

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	U27105TN1995PLC030850	KAMACHI STEELS LIMITED	Director	11/05/1998	11/05/1998	-	Active	NO
2	U27107GA2002PLC003121	MAA DURGA ENTERPRISES LIMITED	Director	20/01/2004	20/01/2004	-	Active	NO
3	U27106TN2003PLC051727	KAMACHI SPONGE AND POWER CORPORATION LIMITED	Director	11/02/2004	11/02/2004	-	Active	NO
4	U27104TN1990PLC019711	GOYAL ISPAT LIMITED	Director	01/11/2004	01/11/2004	-	Active	NO
5	U51420TN2005PLC055189	K.I.(INTERNATIONAL) LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
6	U65929WB1996PTC138106	PURE GOLD FINANCE PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
7	U67120WB1996PTC115245	UTTAM FINVEST PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
8	U67120WB1996PTC117347	S B M INVESTMENTS PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
9	U74899WB1995PLC114981	SHIVPRIYA FINVEST LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
10	U65921WB1994PTC117343	BOOH FINANCE COMPANY PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
11	U28931WB1996PTC117342	DEVSHREE SAVING AND INVESTMENT COMPANY PRIVATE LIMITED	Director	30/10/2007	30/10/2007	-	Active	NO
12	U27310TN2008PTC067964	STRIDE STEELS PRIVATE LIMITED	Director	29/05/2008	29/05/2008	12/04/2011	Active	NO
13	U65921WB1990PTC050426	KAMACHI INVESTMENTS PRIVATE LIMITED	Director	01/04/2009	01/04/2009	-	Active	NO
14	U51109WB1995PTC073455	SOLANKI TEXCOM PRIVATE LIMITED	Director	27/09/2010	01/02/2010	-	Active	NO
15	U14102RJ1993PTC007445	KAMACHI GRANITES PRIVATE LIMITED	Additional director	19/01/2011	19/01/2011	07/03/2011	Active	NO
16	U65993WB1993PTC136508	SHOBHA INVESTMENT PRIVATE LIMITED	Additional director	20/06/2012	20/06/2012	18/01/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 30.09.2014

Note: SHAREHOLDER DETAILS FILE ATTACHED.

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2014

Category	Percentage
Bodies corporate	9.12
Directors or relatives of Directors	90.81
Others	0.07
Total	100.00

BUSINESS DETAILS

Line of Business :

Trader of Iron and Steels

Products :

Item Code No.	Product Description
72069091	TMT Bar Matric Tone (Iron and Steel)

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

• Union Bank of India, 17 G A Road, Old Washermanpet, Chennai-600021, Tamilnadu, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Other loans and advances	0.000	0.054
Short-term borrowings
Working capital loans from banks	921.516	932.700
Other loans and advances	237.809	0.000
Loans taken for fixed assets	0.053	0.519
Total	1159.378	933.273

Auditors :
Name :	M.G. Bohara and Company Chartered Accountant
Address :	Cresent Court, 4th Floor, Suite No. 23, 963, Poonamalle High Road, Chennai-600084, Tamilnadu, India
PAN No.:	AALFM7723P
Memberships :	Not Available
Collaborators :	Not Available
Organizations in which Directors have interest :	Kamachi Sponge and Power Corporation Limited Kamachi Steels Limited Goyal Ispat Limited Maa Durga Enterprises Limited Kamachi Green Energy Limited Kamachi Thermal Power Limited

CAPITAL STRUCTURE

As on 30.09.2014

Authorized Capital:

No. of Shares	Type	Value	Amount
7,000,000	Equity Shares	Rs.10/- each	Rs. 70.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
5,481,040	Equity Shares	Rs.10/- each	Rs. 54.810 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	54.810	40.560	38.760
(b) Reserves & Surplus	25.584	118.206	102.871
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	9.000
Total Shareholders’ Funds (1) + (2)	80.394	158.766	150.631
(3) Non-Current Liabilities
(a) long-term borrowings	56.878	85.252	83.311
(b) Deferred tax liabilities (Net)	0.000	0.600	0.475
(c) Other long term liabilities	0.000	412.507	221.573
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	56.878	498.359	305.359
(4) Current Liabilities
(a) Short term borrowings	1159.378	933.218	661.119
(b) Trade payables	1615.304	1272.082	696.463
(c) Other current liabilities	202.701	79.414	19.247
(d) Short-term provisions	0.000	5.129	3.622
Total Current Liabilities (4)	2977.383	2289.843	1380.451
TOTAL	3114.655	2946.968	1836.441
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.821	14.271	14.445
(ii) Intangible Assets	0.000	0.000	0.000
(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	13.250	13.250	13.250
(c) Deferred tax assets (net)	60.005	0.000	0.000
(d) Long-term Loan and Advances	46.625	46.925	4.120
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	132.701	74.446	31.815
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	264.468	752.688	390.763
(c) Trade receivables	2168.077	1788.966	1078.584
(d) Cash and cash equivalents	298.576	146.875	287.583
(e) Short-term loans and advances	250.833	183.993	47.696
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	2981.954	2872.522	1804.626
TOTAL	3114.655	2946.968	1836.441

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	5509.408	6106.244	4418.968
		Other Income	0.000	0.000	0.000
		TOTAL	5509.408	6106.244	4418.968
Less	EXPENSES
		Purchases of Stock-in-Trade	4883.954	6300.257	4094.402
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	488.219	(361.925)	149.091
		Employees benefits expense	2.845	1.932	1.399
		Other expenses	211.269	92.378	92.030
		TOTAL	5586.287	6032.642	4336.922
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		(76.879)	73.602	82.046
Less	FINANCIAL EXPENSES		117.545	58.356	62.553
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		(194.424)	15.246	19.493
Less/ Add	DEPRECIATION/ AMORTISATION (F)		1.553	1.459	1.482
	PROFIT/ (LOSS) BEFORE TAX		(195.977)	13.787	18.011
Less	TAX		(60.604)	5.651	7.397
	PROFIT/ (LOSS) AFTER TAX		(135.373)	8.136	10.614
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		52.362	44.226	33.612
	BALANCE CARRIED TO THE B/S		(83.011)	52.362	44.226
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	238.672	147.307	NA
	TOTAL EARNINGS		238.672	147.307	NA
	Earnings (loss) Per Share (Rs.)		(24.70)	2.01	2.74

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(2.46)	0.13	0.24
Operating Profit Margin (PBIDT/Sales)	(%)	(1.40)	1.21	1.86
Return on Total Assets (PBT/Total Assets}	(%)	(6.44)	0.47	0.99
Return on Investment (ROI) (PBT/Networth)		(2.44)	0.09	0.12
Debt Equity Ratio (Total Debt /Networth)		15.13	6.41	4.94
Current Ratio (Current Asset/Current Liability)		1.00	1.25	1.31

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	38.760	40.560	54.810
Reserves & Surplus	102.871	118.206	25.584
Share Application money pending allotment	9.000	0.000	0.000
Net worth	150.631	158.766	80.394
long-term borrowings	83.311	85.252	56.878
Short term borrowings	661.119	933.218	1159.378
Total borrowings	744.430	1018.470	1216.256
Debt/Equity ratio	4.942	6.415	15.129

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	4418.968	6106.244	5509.408
		38.183	(9.774)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	4418.968	6106.244	5509.408
Profit/ Loss	10.614	8.136	(135.373)
	0.24%	0.13%	(2.46%)

LOCAL AGENCY FURTHER INFORMATION

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

LITIGATIONS DETAILS

LITIGATION DETAILS
MADRAS HIGH COURT
CASE STATUS: PENDING
STATUS CIVIL MISC. OF APPEAL 776 OF 2013 THE COMMISSIONER LITIGENTS OF CUSTOMS VS. M/S K.I. INTERNATIONAL LIMITED
PETN.: ADV.	M/S. RAJNISH PATHIYIL
REAS’S ADV	NOTICE SENT REG R1
LAST LISTED	THURSDAY, JULY 18, 2013
ON CASE UPDATED	MONDAY, JULY 29, 2013

PERFORMANCE OF THE COMPANY

The Company achieved a total turnover of Rs. 5402.062 Million. The Loss for the year is Rs. 135.373 Million.

UNSECURED LOAN

Particular	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Intercorporate borrowings	17.412	44.799
Loans and advances from related parties	39.466	40.400
Total	56.858	85.199

INDEX OF CAHREGS:

S. NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	80054224	30/06/2014 *	670,000,000.00	UNION BANK OF INDIA	WASHERMANPET BRANCH, 17 G.A ROAD, OLD WASHERMANPET - 600021, CHENNAI, TAMIL NADU, INDIA	C12322400

* Date of charge modification

FIXED ASSETS

• Land
• Plant and Machinery
• Factory equipments
• Furniture and Fittings
• Motor Cares
• Vehicles
• Office equipment
• Computer equipments
• Leasehold improvements

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.63.20
UK Pound	1	Rs.97.10
Euro	1	Rs.69.34

INFORMATION DETAILS

Analysis Done by :	KRN
Report Prepared by :	MTN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		26

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.