MIRA INFORM REPORT

Report No. :	335296
Report Date :	04.08.2015

IDENTIFICATION DETAILS

Name :	THE METAL POWDER COMPANY LIMITED
Registered Office :	113, Velayutham Road, Sivakasi, Virudunagar – 626123, Tamilnadu
Tel. No.:	91-4549-281995 / 91-4549-280689
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	05.05.1961
Com. Reg. No.:	18-004478
Capital Investment / Paid-up Capital :	Rs.243.000 Million
CIN No.: [Company Identification No.]	U28910TN1961PLC004478
TAN No.: [Tax Deduction & Collection Account No.]	MRIT00817F
PAN No.: [Permanent Account No.]	AAACT4262E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (66)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 3800000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by adequate net worth base and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. Then company can be considered good for normal business dealings 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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 A-
Rating Explanation	Adequate degree of safety and low credit risk
Date	March 14, 2014

Rating Agency Name	CRISIL
Rating	Short Term rating A2+
Rating Explanation	Strong degree of safety and low credit risk
Date	March 14, 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 31-03-2013.

INFORMATION DENIED

Management Non Co-Operative

LOCATIONS

Registered Office :	113, Velayutham Road, Sivakasi, Virudunagar – 626123, Tamilnadu, India
Tel. No.:	91-4549-281995 / 91-4549-280689 / 91-4562-220428
Fax No.:	91-4562-280689/ 220428
E-Mail :	mepcomdu@sify.com info@mepco.co.in
Website :	http://www.mepco.co.in http://www.mepco-india.com
Location :	Owned
Head Office/ Factory:	Thirumangalam – 625706, Madurai Dt., Tamilnadu, India
Tel No.:	91-4549-281995/280599
Fax No.:	91-4549-280689
E-Mail:	info@mepco.co.in
Regional Office:	Located At: Delhi Mumbai Kolkata
Territory Office:	Located At: Sivakasi Chennai Madurai

DIRECTORS

As on 20.09.2014

Name :

Mr. Meenakshi Sundaram Ramalingam

Designation :

Director

Address :

53, Balaji Street, Alagappan Nagar, Madurai – 625003, Tamilnadu, India

Date of Birth/Age :

28.04.1933

Date of Appointment :

31.01.1963

DIN :

00006836

Name :

Mr. Ayya Nadar Vairaprakasam

Designation :

Director

Address :

82 B, Kamaraj Road, Sivakasi -626 123, Tamilnadu, India

Date of Birth/Age :

26.06.1937

Date of Appointment :

29.03.2013

DIN :

00006811

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	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Managing director	29/03/2013	30/01/1963	-	Active	NO
2	U01132TN1938PTC001200	KOTTAGUDI PLANTATIONS PRIVATE LIMITED	Director	01/05/1971	01/05/1971	22/04/2009	Active	NO
3	U24291TN1979PTC007898	ALPHA FIREWORKS FACTORY PRIVATE LIMITED	Director	21/07/1979	21/07/1979	07/09/2009	Active	NO
4	U65993TN1985PTC011598	PAVAI INVESTMENTS PRIVATE LIMITED	Director	23/02/1985	23/02/1985	-	Active	NO
5	U24292TN1985PTC011673	AYYAN FIREWORKS FACTORY PRIVATE LIMITED	Director	25/03/1985	25/03/1985	-	Active	NO
6	U27203TN1983PLC009916	ALUMINIUM POWDER COMPANY LIMITED	Director	16/02/1989	16/02/1989	-	Active	NO
7	U15549TN1989PLC017848	MDL INDUSTRIES LIMITED	Director	04/09/1989	04/09/1989	-	Active	NO
8	U01119TN1992PTC023797	GRAVAI FARMS PRIVATE LIMITED	Director	11/11/1992	11/11/1992	-	Active	NO
9	U24292TN1993PTC024536	AYYANS SPARKLERS PRIVATE LIMITED	Director	04/03/1993	04/03/1993	-	Active	NO
10	U17111TN1994PTC026544	VINDHYA SPINNING MILLS PRIVATE LIMITED	Director	13/01/1994	13/01/1994	-	Active	NO
11	U28100TN1974PLC006569	NALCO METAL PRODUCTS LTD	Director	28/10/1995	28/10/1995	-	Active	NO
12	U24117TN2004PTC053968	SREE GNANAKSHI CHEMICALS PRIVATE LIMITED	Director	13/08/2004	13/08/2004	-	Amalgamated	NO
13	U93090TN1916GAP002686	SIVAKASI HINDU NADARS' VICTORIA HIGH SCHOOL COMMITTEE	Director	06/12/2010	06/12/2010	-	Active	NO
14	U28121TN2012PLC086793	CHENNAI IRON AND STEEL POWDERS LIMITED	Director	17/07/2012	17/07/2012	-	Strike off	NO

Name :

Mr. Yennarkay Rajarathnam Ravindran

Designation :

Director

Address :

Standard Bunglow, 3, A R Arunachala Nadar Road, Sivakasi – 626123, Tamilnadu, India

Date of Birth/Age :

22.03.1939

Date of Appointment :

05.05.1961

DIN :

00006821

Name :

Mr. Chelladhurai Subhasingh India Rajan

Designation :

Director

Address :

1/2, Thiruthangal Road, Sivakasi – 626 123, Tamilnadu, India

Date of Birth/Age :

05.12.1945

Date of Appointment :

28.08.2001

DIN :

00018552

Name :

Mr. Sankaralingam Annamalai

Designation :

Director

Address :

239/2, Pioneer Avenue, New Natham Road, Narayana Puram, Madurai – 625 014, Tamilnadu, India

Date of Birth/Age :

26.01.1947

Date of Appointment :

15.10.1994

DIN :

00001381

Name :

Mr. Gunasingh Chelladhurai

Designation :

Managing Director

Address :

17-A, High Ground Road, Palayamkottai – 627 002, Tamilnadu, India

Date of Birth/Age :

24.04.1947

Date of Appointment :

21.01.2009

DIN :

00168538

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	U22121TN1968PTC005639	STANDARD PAPER CONTAINERS PRIVATE LIMITED	Director	14/08/1968	14/08/1968	-	Active	NO
2	U55101PY1991PTC000759	BELL HOTELS PVT LTD	Director	08/08/1991	08/08/1991	-	Active	NO
3	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	21/01/2009	25/04/1998	-	Active	NO
4	U28100TN1974PLC006569	NALCO METAL PRODUCTS LTD	Director	24/10/1998	24/10/1998	-	Active	NO
5	U27203TN1983PLC009916	ALUMINIUM POWDER COMPANY LIMITED	Director	19/12/1998	19/12/1998	-	Active	NO
6	U27107TN1999PTC042169	BELL PINS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
7	U36991TN1999PTC042166	BELL PRODUCTS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
8	U31905TN1999PTC042164	CHELLSONS WIRE MILLS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
9	U31300TN1999PTC042163	DARLINGSONS WIRE FORMS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
10	U27107TN1999PTC042165	LILY PINS PRIVATE LIMITED	Director	26/03/1999	26/03/1999	-	Active	NO
11	U15549TN1989PLC017848	MDL INDUSTRIES LIMITED	Director	15/09/1999	15/09/1999	-	Active	NO
12	U24297TN1972PLC006245	PANDIAN CHEMICALS LIMITED	Director	09/11/2001	09/11/2001	-	Active	NO
13	U25199TN2007PTC062321	Bell Health Care Private Limited	Director	09/02/2007	09/02/2007	-	Active	NO
14	U24100TN2011PTC081487	JUMBO FIREWORKS INDIA PRIVATE LIMITED	Director	21/12/2011	21/12/2011	20/04/2012	Active	NO
15	U90000TN2011PTC082737	BORG ENERGY INDIA PRIVATE LIMITED	Director	01/03/2013	01/03/2013	15/11/2014	Active	NO
16	U93090TN1956GAP003009	TINNELVELLY DIOCESAN TRUST ASSOCIATION	Director	15/05/2013	15/05/2013	-	Active	NO

Name :

Mr. Arunachalam Tenzing

Designation :

Director

Address :

174-A, Gnanagiri Road, Sivakasi – 626 123, Tamilnadu, India

Date of Birth/Age :

03.04.1953

Date of Appointment :

26.09.1990

DIN :

00014412

Name :

Mr. Dhanasekarapandian Singaravel

Designation :

Director

Address :

21-A, Kamala Second Street, Chinna, Chokkikulam, Madurai – 625 002, Tamilnadu, India

Date of Birth/Age :

18.04.1956

Date of Appointment :

17.06.2000

DIN :

00006862

Name :

Mr. Grahadurai Athipathy

Designation :

Director

Address :

109A, Velayutha Rastha, Sivakasi – 626 123, Tamilnadu, India

Date of Birth/Age :

08.10.1963

Date of Appointment :

22.09.2007

DIN :

00006888

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	U22121TN1922PLC001880	THE NADAR PRESS LIMITED	Director	06/03/1985	06/03/1985	-	Active	NO
2	U65993TN1985PTC011684	ANJAC INVESTMENTS PRIVATE LIMITED	Director	29/03/1985	29/03/1985	-	Active	NO
3	U24292TN1985PTC011673	AYYAN FIREWORKS FACTORY PRIVATE LIMITED	Managing director	17/10/2013	15/11/1987	-	Active	NO
4	U01119TN1992PTC023797	GRAVAI FARMS PRIVATE LIMITED	Director	11/11/1992	11/11/1992	-	Active	NO
5	U17111TN1994PTC026544	VINDHYA SPINNING MILLS PRIVATE LIMITED	Director	13/01/1994	13/01/1994	-	Active	NO
6	U01132TN1938PTC001200	KOTTAGUDI PLANTATIONS PRIVATE LIMITED	Director	26/05/1994	26/05/1994	22/04/2009	Active	NO
7	U36911TN1987PLC014168	MEPCO INDUSTRIES LIMITED	Director	23/09/1998	23/09/1998	-	Active	NO
8	U24117TN2004PTC053968	SREE GNANAKSHI CHEMICALS PRIVATE LIMITED	Director	13/08/2004	13/08/2004	-	Amalgamated	NO
9	U28100TN1974PLC006569	NALCO METAL PRODUCTS LTD	Director	18/02/2006	18/02/2006	-	Active	NO
10	U15549TN1989PLC017848	MDL INDUSTRIES LIMITED	Director	18/02/2006	18/02/2006	-	Active	NO
11	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	22/09/2007	18/02/2006	-	Active	NO
12	U65921TN2007PTC063489	SREE GNANAKSHI PROPERTIES PRIVATE LIMITED	Director	14/05/2007	14/05/2007	-	Active	NO
13	U93090TN1949GAP002688	ALL INDIA CHAMBER OF MATCH INDUSTRIES	Director	30/06/2007	30/06/2007	02/07/2009	Active	NO
14	U91100TN2009NPL073004	MATCH MANUFACTURERS SERVICE ASSOCIATION	Director	24/09/2009	24/09/2009	-	Active	NO
15	U24292TN1993PTC024536	AYYANS SPARKLERS PRIVATE LIMITED	Additional director	05/01/2012	05/01/2012	-	Active	NO

Name :

Mr. Grahadurai Abiruben

Designation :

Director

Address :

82-A, Kamaraj Road, Sivakasi – 626123, Tamilnadu, India

Date of Birth/Age :

17.07.1966

Date of Appointment :

18.02.2006

DIN :

00006847

Name :

Mr. Yennarkay R Rajarathnam Ravindran

Designation :

Director

Address :

3, Chairman A R Arunachala Nadar Road, Sivakasi – 626 123, Tamilnadu, India

Date of Birth/Age :

28.10.1966

Date of Appointment :

21.06.1997

DIN :

00020509

Name :

Mr. V. Krishnamoorthy

Designation :

Director

Address :

7/1A, Nehru Nagar, 1^st Street, Algapan Nagar, Madurai – 625003, Tamilnadu, India

Date of Birth/Age :

03.11.1941

Date of Appointment :

30.09.2009

DIN No.:

00019515

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	U28100TN1974PLC006569	NALCO METAL PRODUCTS LTD	Director	16/12/1989	16/12/1989	-	Active	NO
2	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	30/09/2009	20/06/2009	-	Active	NO

Name :

Mr. Yennarkay R. Selvarathnam

Designation :

Director

Address :

3, A.R. Arunachala Nadar Road, Sivakasi – 626123, Tamilnadu, India

Date of Birth/Age :

11.11.1975

Date of Appointment :

20.09.2014

DIN No.:

00031076

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	U24291TN2007PTC063905	POOVU MATCHES (INDIA) PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
2	U24291TN2007PTC063785	RAJARATHNAM MATCHES (INDIA) PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
3	U24291TN2007PTC063787	SIVAKAMI MATCHES PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
4	U24291TN2006PTC061697	SRI SHENBAGAVINAYAGAR MATCHES PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
5	U24119TN1980PTC008127	STANDARD CHLORATES PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
6	U29219TN2007PTC062450	STANDARD ENGINEERING ( INDIA) PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Strike off	NO
7	U24291PY1995PTC001108	STANDARD MATCH EXPORTS INDIA PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Strike off	NO
8	U24291TN2004PTC053135	STANDARD SPLINTS PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
9	U24291TN2007PTC062495	VEL MATCHES PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
10	U22110TN1979PTC008065	YENNARKAY PRINTERS PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
11	U71309TN1989PTC017306	MOUNTAIN LEASING COMPANY PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
12	U24291TN2006PTC059119	YENNARKAY SAFETY MATCHES PRIVATE LIMITED	Director	15/03/2013	15/03/2013	-	Active	NO
13	U17111TN1993PLC046531	STANDARD SPINNING AND WEAVING MILLS LIMITED	Managing director	29/09/2014	15/03/2013	-	Active	NO
14	U40101TN2013PTC090705	GREENZA WIND ENERGY PRIVATE LIMITED	Director	22/04/2013	22/04/2013	-	Active	NO
15	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	20/09/2014	17/05/2014	-	Active	NO

Name :

Mr. Thomas. Willington

Designation :

Director

Address :

1-A, Norton Apartment, No.5, Norton Road, Mandaveli, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

27.08.1949

Date of Appointment :

20.09.2014

DIN No.:

00772444

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	L32201TN1988PLC015705	TAMIL NADU TELECOMMUNICATION LIMITED	Director	13/05/1988	13/05/1988	23/12/2008	Active	NO
2	U36911TN1987PLC014168	MEPCO INDUSTRIES LIMITED	Director	10/02/2009	09/03/1989	-	Active	NO
3	L31501TN1983SGC009836	TAMILNADU INDUSTRIAL EXPLOSIVES LIMITED	Director	24/04/1992	24/04/1992	-	Active	NO
4	U27109TZ1979SGC000834	TAMILNADU MAGNESITE LIMITED	Director	26/08/1994	26/08/1994	24/11/2008	Active	NO
5	U30006TN1991PLC020837	NAGARJUNA OIL CORPORATION LIMITED	Nominee director	26/04/1995	26/04/1995	26/09/2008	Active	NO
6	L26999TN1981PLC009128	NOVA ROOFINGS AND PIPES LIMITED	Nominee director	27/11/1995	27/11/1995	02/07/2010	Active	NO
7	U27310TZ1996PLC007556	ACL INDUSTRIES LIMITED	Nominee director	27/06/1997	27/06/1997	11/07/2007	Active	NO
8	U23201TN1991PLC021838	JAYAMKONDAM LIGNITE POWER CORPORATION LIMITED	Nominee director	30/12/1998	30/12/1998	31/08/2009	Active	NO
9	U35999TN1996PLC034671	RAMBAL LIMITED	Nominee director	30/03/2001	30/03/2001	29/06/2007	Active	NO
10	L24294TN1986PLC013087	Manali Petrochemicals Limited	Nominee director	19/06/2001	19/06/2001	04/10/2007	Active	NO
11	U45202TN2004PLC053775	ENNORE SEZ COMPANY LIMITED	Nominee director	01/08/2005	01/08/2005	09/10/2007	Active	NO
12	U45209TN2005PLC055563	TAMILNADU INDUSTRIAL PARK (RUBBER) LIMITED	Nominee director	07/11/2005	07/11/2005	05/10/2007	Active	NO
13	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	20/09/2014	16/08/2014	-	Active	NO

Name :

Mr. N. Nagarajan

Designation :

Director

Address :

11/82, Venkatesa Nagar, Extn. 1, Second Street, Virugambakkam, Chennai – 60092, Tamilnadu, India

Date of Birth/Age :

09.04.1941

Date of Appointment :

20.09.2014

DIN No.:

00121494

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	L65921TN1989PLC054075	SAI JEEVADHARA FINANCE LIMITED	Director	01/01/2003	01/01/2003	30/06/2007	Active	NO
2	U65991TN1992PLC023989	ALAGENDRAN BENEFIT FUND LIMITED	Director	14/02/2003	14/02/2003	13/02/2013	Active	NO
3	U67110TN1957PLC058053	MADRAS STOCK EXCHANGE LIMITED	Director	31/12/2012	31/12/2012	-	Active	NO
4	U28910TN1961PLC004478	THE METAL POWDER COMPANY LIMITED	Director	20/09/2014	16/08/2014	-	Active	NO
5	U67110TN2000PLC056075	MSE FINANCIAL SERVICES LIMITED	Nominee director	05/03/2015	05/03/2015	-	Active	NO

KEY EXECUTIVE

Name :	Mr. Chinnachamy Chinnachamy Periandar
Designation :	Secretary
Address :	113/24, Sonaiar Street, Pudunagar, Tirumangalam – 625706, India
Date of Birth/Age :	24.05.1942
Date of Appointment :	24.05.2000
PAN No.:	AAHPC2211L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 20.09.2014

SHAREHOLDER DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 20.09.2014

Category	Percentage
Bodies corporate	24.95
Directors or relatives of Directors	46.96
Other top fifty shareholders	24.38
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Marketer of Aluminium Powder, Aluminium Paste and Golden Bronze Powder.

Products :

Products Description	Item Code No.
Hydrogen, Rare Gases and other Non-Metals	28047020
Gold Bronze Powder	74062000
Zinc Dust	79031000
Aluminium Powder	76032000
Aluminium Paste	32129030
Gold Brozne Powder	32064990

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

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
Maximum Limit Dealt :	Not Divulged
Experience :
Remark:	Not Divulged

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Indian Overseas Bank
Branch	127, East Veli Street, Madurai – 625001, Tamil Nadu, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Loans repayable on demand	58.500	353.953
Total	58.500	353.953

Auditors :
Name :	B B Naidu and Co Chartered Accountants
Address :	MC-Parkway, 122/36, Marshalls Road, Egmore, Chennai – 600008, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor’s firm :	AAAFB3238R
Memberships :	--
Collaborators :	--
Other Related Parties :	The Supreme Match Works, India The South Indian Lucifer Match Works, India The Raj Match Works, India The Bell Match Company, India The Aruna Paper Caps Industries, India Standard Match Industries P Ltd, India Standard Fire Works Private Limited, India U24292TN1977PTC007319 Sri Shenbagavinayagar Matches Private Limited, India U24291TN2006PTC061697 Sri Annamalaiyar Match Works Private Limited, India U52599TN1995PTC031530 Sivanayaki Stores, India Senthil Match Works, India Saravana Match Industires, India Saravana colour Match Works, India Sakthi Match Works, India Rajaratnam Fi reworks Industries, India Pretam Match Company, India Pioneer Overseas Private Limited, India National Papercaps Factory, India Modern Matches Private Limited, India U24290TN1980PTC008210 Lion Match Factory, India Karaikal Chlorates, India Kamadenu Match Industries, India Jumbo Fireworks India Private Limited, India U24100TN2011PTC081487 Jothirenga Match works, India Jasmine Match Works, India Imperial Match Works, India Hind Matches Private Limited, India U24291TN1948PTC000897 Graham Match Works, India Gowri Match Factory, India Chinnappa Colour Match Works, India Chellsons Packaging Private Limited, India U21023TN2004PTC053386 Ayyans Sparklers Private Limited, India U24292TN1993PTC024536 Ayyan Fireworks Factory Private Limited, India U24292TN1985PTC011673 Ay y a n Fireworks Factory, India Asia Match Company Private Limited, India U24291TN1971PTC005975 Arun Match Works, India Amman Match Company Private Limited, India U65993TN1998PTC041245 Ayyan Fireworks Factory, India

CAPITAL STRUCTURE

As on 20.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
2500000	Equity Shares	Rs.100/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2430000	Equity Shares	Rs.100/- each	Rs.243.000 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	243.000	243.000	243.000
(b) Reserves & Surplus	1094.430	941.554	907.125
I 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)	1337.430	1184.554	1150.125
(3) Non-Current Liabilities
(a) long-term borrowings	6.706	7.106	6.906
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
I 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)	6.706	7.106	6.906
(4) Current Liabilities
(a) Short term borrowings	58.500	381.018	320.463
(b) Trade payables	39.231	42.194	42.640
I Other current liabilities	69.154	65.769	43.400
(d) Short-term provisions	199.735	152.793	164.807
Total Current Liabilities (4)	366.620	641.774	571.310
TOTAL	1710.756	1833.434	1728.341
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	410.075	356.230	261.451
(ii) Intangible Assets	10.895	1.191	0.759
(iii) Capital work-in-progress	40.311	41.385	7.671
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	97.701	99.301	63.561
I Deferred tax assets (net)	34.334	32.319	29.654
(d) Long-term Loan and Advances	180.731	108.764	128.526
I Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	774.047	639.190	491.622
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	540.003	582.584	500.435
I Trade receivables	168.784	136.154	189.195
(d) Cash and cash equivalents	114.109	330.388	388.124
I Short-term loans and advances	111.634	132.564	145.084
(f) Other current assets	2.179	12.554	13.881
Total Current Assets	936.709	1194.244	1236.719
TOTAL	1710.756	1833.434	1728.341

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Revenue from Operations	2219.082	2098.129	2051.620
	Other Income	103.030	60.594	111.708
	TOTAL (A)	2322.112	2158.723	2163.328
Less	EXPENSES
	Cost of Materials Consumed	1296.555	1383.382	1334.673
	Purchases of Stock-in-Trade	0.000	0.000	21.342
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	74.895	(82.994)	(37.985)
	Employees benefits expense	148.260	166.577	142.624
	Other expenses	384.942	441.817	369.178
	TOTAL (B)	1904.652	1908.782	1829.832
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION I	417.460	249.941	333.496
Less	FINANCIAL EXPENSES (D)	10.877	29.956	12.190
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) I	406.583	219.985	321.306
Less/ Add	DEPRECIATION/ AMORTISATION (F)	42.876	38.853	48.919
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	363.707	181.132	272.387
Less	TAX (H)	111.327	46.974	76.203
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	252.380	134.158	196.184
	EARNINGS IN FOREIGN CURRENCY	149.67	74.54	112.09
	F.O.B. Value of Exports	NA	648.400	527.900
	TOTAL EARNINGS	NA	648.400	527.900
	IMPORTS
	Raw Materials	NA	0.004	0.003
	TOTAL IMPORTS	NA	0.004	0.003
	Earnings / (Loss) Per Share (Rs.)	103.86	55.18	80.73

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from operating activity	369.130	172.968	98.340

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	11.37	6.39	9.56
Operating Profit Margin (PBIDT/Sales)	(%)	18.81	11.91	16.26
Return on Total Assets (PBT/Total Assets}	(%)	23.64	10.91	16.74
Return on Investment (ROI) (PBT/Networth)		0.27	0.15	0.24
Debt Equity Ratio (Total Debt /Networth)		0.05	0.33	0.28
Current Ratio (Current Asset/Current Liability)		2.55	1.86	2.16

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	243.000	243.000	243.000
Reserves & Surplus	907.125	941.554	1094.430
Net worth	1150.125	1184.554	1337.430
long-term borrowings	6.906	7.106	6.706
Short term borrowings	320.463	381.018	58.500
Total borrowings	327.369	388.124	65.206
Debt/Equity ratio	0.285	0.328	0.049

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	2051.620	2098.129	2219.082
		2.267	5.765

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	2051.620	2098.129	2219.082
Profit	196.184	134.158	252.380
	9.56%	6.39%	11.37%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

Unsecured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Deposits from others	6.706	7.106
Short-term borrowings
Loans repayable on demand from banks	0.000	27.065
Total	6.706	34.171

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10525749	15/06/2015 *	650,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, 6A WEST VELI STREET, MADURAI,  Tamil Nadu - 625001, INDIA	C57909293

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
Guarantees	140.861	140.861

FIXED ASSETS

Tangible Assets

• Land
• Buildings
• Factory building
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Motor vehicles

Intangible Assets

• Brands and trade marks
• Trade marks
• 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.63.96
UK Pound	1	Rs.99.93
Euro	1	Rs.70.16

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--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		66

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.