MIRA INFORM REPORT

Report No. :	336467
Report Date :	13.08.2015

IDENTIFICATION DETAILS

Name :	KONARK PETRO PRODUCTS (INDIA) PRIVATE LIMITED
Registered Office :	Plot 334, Bharat Fertilizers Road, Village Khupri, Kudus, Taluka Wada, District Thane – 400 102, Maharashtra
Tel. No.:	91-2526-220124
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.07.1994
Com. Reg. No.:	11-079692
Capital Investment / Paid-up Capital :	Rs.6.000 million
CIN No.: [Company Identification No.]	U79692MH1994PTC079692
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	PNEK05921G
PAN No.: [Permanent Account No.]	AABCK1817H
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of manufacturing petrochemical products.
No. of Employees :	Information declined by the Management.

RATING & COMMENTS

MIRA’s Rating :

Ba (46)

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

Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an old and established company incorporated during the year 1994 having a satisfactory track record. The company has progressed well during FY 2014. General financial position of the company is good. Further, the rating also takes into consideration favorable gap between trade payable and receivable. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. In view of long track record and acceptable for business dealings, the company can be considered normal for 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	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 31-03-2013.

INFORMATION DECLINED BY

Name :	Mr. Sanjay Subhashchand Gupta
Designation :	Director
Contact No.:	91-9822446600
Date :	12.08.2015

LOCATIONS

Registered Office/ Factory :	Plot 334, Bharat Fertilizers Road, Village Khupri, Kudus, Taluka Wada, District Thane – 400 102, Maharashtra, India
Tel. No.:	91-2526-220124/ 26
Mob. No.:	91-9822446600 (Mr. Sanjay Subhashchand Gupta)
Fax No.:	91-2526-220124
E-Mail :	dhankanivinod@yahoo.co.in
Corporate Office :	No.111-112, Anil Complex, Regency Hall, New Link Road, Ulhasnagar – 421 002, Maharashtra, India
Tel. No.:	91-251-2560501/ 502/ 503/ 504/ 506/ 91-22-25565839/ 40
Fax No.:	91-251-2560506

DIRECTORS

AS ON 27.09.2014

Name :

Mr. Mahesh Satyanarain Khairari

Designation :

Director

Address :

Agarwal House, C/o Anand Sagar, Royal Residency, Madhuban Hotel Road, Goal Maidan, Ulhasnagar – 421 001, Maharashtra, India

Date of Birth/Age :

19.07.1957

Date of Appointment :

18.07.1994

DIN No.:

00388549

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	U79692MH1994PTC079692	KONARK PETRO PRODUCTS (INDIA) PRIVATE LIMITED	Director	18/07/1994	18/07/1994	-	Active	NO
2	U26921MH1997PLC111788	KONARK INFRASTRUCTURE LIMITED	Director	10/11/1997	10/11/1997	-	Active	NO
3	U55101MH1998PTC114982	REGENCY MOTELS AND BUILDCON (INDIA) PRIVATE LIMITED	Director	18/05/1998	18/05/1998	-	Active	NO
4	U74992MH1998PLC117349	KONARK PROJECTS LIMITED	Managing director	25/06/2012	04/12/1998	-	Active	NO
5	U45200MH2005PLC153966	REGENCY NIRMAN LIMITED	Managing director	16/07/2015	14/06/2005	-	Active	NO
6	U45200MH2005PTC154000	KONARK NIRMAN PRIVATE LIMITED	Director	15/06/2005	15/06/2005	16/08/2010	Active	NO
7	U45400MH2008PTC180116	REGENCY STRUCTURAL DEVELOPERS PRIVATE LIMITED	Director	14/03/2008	14/03/2008	-	Active	NO
8	U45202MH2008PTC180186	REGENCY SHELTERS PRIVATE LIMITED	Director	17/03/2008	17/03/2008	-	Converted to LLP and dissolved	NO
9	U45202MH2008PTC180251	REGENCY BUILDCON PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Converted to LLP and dissolved	NO
10	U45202MH2008PTC180250	REGENCY REALITY DEVELOPERS PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Converted to LLP and dissolved	NO
11	U22222MH2010PTC199749	KONARK IP DOSSIERS PRIVATE LIMITED	Director	05/02/2010	05/02/2010	01/04/2010	Active	NO
12	U45202MH2008PTC186695	DHARATI CONSTRUCTION PRIVATE LIMITED	Director	24/06/2010	24/06/2010	-	Active	NO
13	U99999MH1984PTC032297	PERSIAN AGRO HOT ENTERPRISES PRIVATE LIMITED	Director	01/01/2011	01/01/2011	-	Active	NO
14	U41000MH2011PTC218602	KONARK WATER INFRAPROJECTS PRIVATE LIMITED	Director	14/06/2011	14/06/2011	-	Active	NO
15	U74120MH2011PTC221893	KONARK INFOTEL PRIVATE LIMITED	Director	12/09/2011	12/09/2011	-	Active	NO
16	U74900MH2013PTC249233	KONARK ENVIRO PROJECT PRIVATE LIMITED	Director	16/04/2013	16/04/2013	-	Active	NO
17	U45200MH2010PTC204813	SQ. FT. REAL ESTATE PRIVATE LIMITED	Director	10/12/2014	10/12/2014	-	Active	NO
18	AAD-0715	REGENCY REALITY DEVELOPERS LLP	Designated Partner	17/12/2014	17/12/2014	-	Active	NO
19	AAD-0716	REGENCY SHELTERS LLP	Body corporate as Designated Partner	17/12/2014	17/12/2014	-	Active	NO
20	AAD-0717	REGENCY BUILDCON LLP	Designated Partner	17/12/2014	17/12/2014	-	Active	NO

Name :

Mr. Ramkishore Satyanarain Khairari

Designation :

Director

Address :

Agarwal House, C/o Anand Sagar, Royal Residency, Madhuban Hotel Road, Goal Maidan, Ulhasnagar – 421 001, Maharashtra, India

Date of Birth/Age :

10.06.1972

Date of Appointment :

18.07.1994

DIN No.:

00388725

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	U79692MH1994PTC079692	KONARK PETRO PRODUCTS (INDIA) PRIVATE LIMITED	Director	18/07/1994	18/07/1994	-	Active	NO
2	U74992MH1998PLC117349	KONARK PROJECTS LIMITED	Director	25/06/2012	10/04/1999	-	Active	NO
3	U45200MH2005PLC153966	REGENCY NIRMAN LIMITED	Director	14/06/2005	14/06/2005	-	Active	NO
4	U45200MH2005PTC154000	KONARK NIRMAN PRIVATE LIMITED	Director	15/06/2005	15/06/2005	16/08/2010	Active	NO
5	U99999MH1991PTC064527	ADVANCE PARTICLE BOARDS PRIVATE LIMITED	Director	01/06/2006	01/06/2006	17/06/2015	Active	NO
6	U20211MH1990PTC058218	RELIABLE PLYWOOD INDUSTRIES (I) PRIVATE LIMITED	Director	10/06/2006	10/06/2006	-	Active	NO
7	U99999MH1994PTC080631	KONARK PLYWOOD INDUSTRIES PRIVATE LIMITED	Director	10/06/2006	10/06/2006	-	Active	NO
8	U74999MH2008PTC187583	REGENCY DEHYDRATES PRIVATE LIMITED	Director	16/10/2008	16/10/2008	15/01/2011	Active	NO
9	U45202MH2008PTC186695	DHARATI CONSTRUCTION PRIVATE LIMITED	Director	10/05/2010	10/05/2010	-	Active	NO
10	U45200MH2010PTC204813	SQ. FT. REAL ESTATE PRIVATE LIMITED	Director	24/06/2010	24/06/2010	-	Active	NO

Name :

Mr. Sanjay Subhashchand Gupta

Designation :

Director

Address :

403, Jai Shanker Apartment, Near Aman Cinema, Ulhasnagar – 421 002, Maharashtra, India

Date of Birth/Age :

17.05.1971

Date of Appointment :

10.01.2002

DIN No.:

00398970

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	U20210MH1995PTC092963	GREAT WESTERN WOODS PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
2	U79692MH1994PTC079692	KONARK PETRO PRODUCTS (INDIA) PRIVATE LIMITED	Director	10/01/2002	10/01/2002	-	Active	NO
3	U72900MH2000PTC127273	RUSTAGI MANAGEMENT SOLUTIONS PRIVATE LIMITED	Director	02/01/2007	02/01/2007	-	Active	NO
4	U45200MH2007PTC173661	RUSTAGI INFRASTRUCTURE PRIVATE LIMITED	Director	31/08/2007	31/08/2007	-	Active	NO
5	U70102MH2007PTC173748	RUSTAGI ESTATES PRIVATE LIMITED	Director	03/09/2007	03/09/2007	-	Active	NO
6	U72900MH2007PTC174683	FURNATECH SOLUTIONS PRIVATE LIMITED	Director	03/10/2007	03/10/2007	30/09/2014	Active	NO
7	U60232MH2009PTC195307	RUSTAGI LOGISTICS PRIVATE LIMITED	Director	28/08/2009	28/08/2009	-	Active	NO
8	U15494MH2010PTC202798	YEN PULSES PRIVATE LIMITED	Director	06/05/2010	06/05/2010	-	Active	NO
9	U70109MH2011PTC219000	RUSTAGI REALTY PRIVATE LIMITED	Director	23/06/2011	23/06/2011	-	Active	NO
10	U74900MH2011PTC219088	RUSTAGI PROJECTS PRIVATE LIMITED	Director	24/06/2011	24/06/2011	-	Active	NO
11	U74999MH2009PTC194914	LIQUID SECURITIES PRIVATE LIMITED	Director	14/08/2013	14/08/2013	-	Active	NO

Name :

Mr. Lalji Meghji Patel

Designation :

Director

Address :

B-305, Ambika Nagar, Near Shahad Station Kalyan, Thane – 421 103, Maharashtra, India

Date of Birth/Age :

27.07.1957

Date of Appointment :

18.07.1994

DIN No.:

00388788

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	U79692MH1994PTC079692	KONARK PETRO PRODUCTS (INDIA) PRIVATE LIMITED	Director	18/07/1994	18/07/1994	-	Active	NO
2	U20210MH1995PTC092963	GREAT WESTERN WOODS PRIVATE LIMITED	Director	21/09/1995	21/09/1995	-	Active	NO
3	U27100MH2005PTC152359	REGENCY ISPAT PRIVATE LIMITED	Whole-time director	01/04/2014	01/04/2005	-	Active	NO
4	U45203MH2011PTC218758	ATLANTA GLOBALPROJECTS PRIVATE LIMITED	Director	16/06/2011	16/06/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Mahesh S. Khairari	5100	8.50
Subhash S. Khairari	3010	5.02
Ramkishore S. Khairari	2230	3.72
Lajibhai M. Patel	17260	28.77
Sumanlata M. Khairari	2000	3.33
Rinku S. Khairari	2660	4.43
Chandubhai M. Patel	3740	6.23
Sitaram S. Khairari	1000	1.67
Konark Projects Limited, India	23000	38.33
Total	60000	100.00

AS ON 27.09.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	38.33
Directors or relatives of directors	61.67
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of manufacturing petrochemical products.
Products :	Resins Chemicals Formaldehyde Chemicals
Brand Names :	Not Available
Agencies Held :	Not Available
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

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour	Market Goodwill	Overall
Not Divulged	Not Divulged	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

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality	Delivery Behaviour	Overall
Not Divulged	Not Divulged	Not Divulged

Remark:

Not Divulged

No. of Employees :

Information declined by the Management.

Bankers :

Banker Name	The Kalyan Janata Sahakari Bank Limited
Branch Address	'Niharika', Valli Peer Road, Opposite Railway Station, Ulhasnagar – 421 301, Maharashtra, 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

· Axis Bank Limited

· IDBI Bank Limited

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Million)	31.03.2013 (Rs. In Million)
SHORT TERM BORROWINGS
Working Capital Borrowings The Kalyan Janata Sahakari Bank Limited (CC) (Secured by way of hypothecation of Stock of raw materials, consumables, semi-finished goods, finished goods, finished goods and book debts.) The Cash Credit facility carries interest rate of 13% p.a. and is repayable on demand.	16.266	12.373
Total	16.266	12.373

Auditors :
Name :	Vinod Dhankani and Company Chartered Accountants
Address :	Shop No.1, 2 Guddu Palace, Behind Regency Hotel, Ulhasnagar – 421 003, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAPPD8981L
Memberships :	Not Available
Collaborators :	Not Available
Associates/ Subsidiaries :	Not Divulged

CAPITAL STRUCTURE

AS ON 27.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
75000	Equity Shares	Rs.100/- each	Rs.7.500 million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
60000	Equity Shares	Rs.100/- each	Rs.6.000 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	6.000	6.000	6.000
(b) Reserves & Surplus	29.557	27.690	27.093
(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)	35.557	33.690	33.093
(3) Non-Current Liabilities
(a) Long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	1.537	1.918	2.075
(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)	1.537	1.918	2.075
(4) Current Liabilities
(a) Short term borrowings	16.266	12.373	13.949
(b) Trade payables	23.827	28.266	28.524
(c) Other current liabilities	8.477	3.271	2.679
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	48.570	43.910	45.152
TOTAL	85.664	79.518	80.320
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	7.837	8.598	9.080
(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	0.521	0.521	0.521
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	2.817	0.422	0.736
Total Non-Current Assets	11.175	9.541	10.337
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	4.251	10.605	12.846
(c) Trade receivables	68.154	58.881	49.671
(d) Cash and cash equivalents	1.934	0.345	7.276
(e) Short-term loans and advances	0.000	0.009	0.057
(f) Other current assets	0.150	0.137	0.133
Total Current Assets	74.489	69.977	69.983
TOTAL	85.664	79.518	80.320

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue from Operations	178.687	160.242	132.761
		Other Income	4.409	0.100	3.476
		TOTAL	183.096	160.342	136.237
Less	EXPENSES
		Cost of Material Consumed	152.859	145.655	134.163
		Change in Inventories of finished goods, work in progress and stock in trade	4.563	(5.811)
		Employee Cost / Benefits Expense	8.794	6.486
		Other Expenses	10.540	10.279
		TOTAL	176.756	156.609	134.163 (Including Financial Expenses)
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		6.340	3.733
Less	FINANCIAL EXPENSES		1.288	1.574
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		5.052	2.159	2.074
Less/ Add	DEPRECIATION/ AMORTISATION		2.358	1.295	1.205
	PROFIT/ (LOSS) BEFORE TAX		2.694	0.864	0.869
Less	TAX		0.827	0.267	0.269
	PROFIT/ (LOSS) AFTER TAX		1.867	0.597	0.600
	Earnings/ (Loss) Per Share (Rs.)		31.12	9.95	10.01

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 flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.04	0.37	0.45
Operating Profit Margin (PBIDT/Sales)	(%)	3.55	2.33	NA
Return on Total Assets (PBT/Total Assets}	(%)	3.16	1.09	1.09
Return on Investment (ROI) (PBT/Networth)		0.08	0.03	0.03
Debt Equity Ratio (Total Debt /Networth)		0.46	0.37	0.42
Current Ratio (Current Asset/Current Liability)		1.53	1.59	1.55

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particulars	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Share Capital	6.000	6.000	6.000
Reserves & Surplus	27.093	27.690	29.557
Share Application money pending allotment	0.000	0.000	0.000
Net worth	33.093	33.690	35.557
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	13.949	12.373	16.266
Total borrowings	13.949	12.373	16.266
Debt/Equity ratio	0.422	0.367	0.457

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
Revenue from operations	132.761	160.242	178.687
		20.700	11.511

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Revenue from operations	132.761	160.242	178.687
Profit	0.600	0.597	1.867
	0.45%	0.37%	1.04%

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	No
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	No
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

OPERATIONS:

The Company has achieved the sales of Rs.178.687 million (Rs.160.241 million) during the year registering a growth of 12%.The Company has earned the Net Profit of Rs.2.694 million during the year, in comparison to Rs.0.864 million, registering a robust growth of 212%. The Financial Year 2014-15 looks Promising in terms of growth of GDP and control at Inflation which will ultimately result in to good demand for the overall Industrial Products.

INDEX OF CHARGES:

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10206367	02/02/2010	4,013,000.00	THE KALYAN JANATA SAHAKARI BANK LIMITED	'NIHARIKA', VALLI PEER ROAD, OPPOSITE RAILWAY STATION, ULHASNAGAR, MAHARASHTRA - 421301, INDIA	A80826522
2	90158120	03/03/2003	5,000,000.00	THE KALYANB JANATA SAHAKARI LIMITED	ULHASNAGAR BRANCH, ULHASNAGAR, MAHARASHTRA, INDIA	-
3	90157936	30/01/2010 *	41,366,600.00	THE KALYAN JANATA SAHAKARI BANK LIMITED	'NIHARIKA', VALLI PEER ROAD, OPPOSITE RAILWAY STATION, ULHASNAGAR, MAHARASHTRA - 421301, INDIA	A80936560
4	90157895	20/03/2002	7,500,000.00	THE KALYANB JANATA SAHAKARI LIMITED	ULHASNAGAR BRANCH, POWAI CHOWK, ULHASNAGAR, MAHARASHTRA - 421004, INDIA	-
5	90157873	13/02/2002	5,000,000.00	THE KALYANB JANATA SAHAKARI LIMITED	ULHASNAGAR BRANCH, POWAI CHOWK, ULHASNAGAR, MAHARASHTRA, INDIA	-
6	90156082	09/10/1995 *	5,800,000.00	MAHARASHTRA STATE FINANCIAL CORPORATION	NEW EX. BUILDING, 5; 7; 8;9; FLOOR; AMRIT KESHAV NAYAK MARG, BOMBAY, MAHARASHTRA - 400001, INDIA	-

* Date of charge modification

FIXED ASSETS:

· Air Conditioners

· Vehicles

· Computers and Accessories

· Electrical Installations

· Factory Building

· Fax Machine

· Fire Fighting Equipments

· Furniture and Fixtures

· Generator

· Laboratory Equipments

· Land

· Plant and Machinery

· Telephone Instruments

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.64.83
UK Pound	1	Rs.101.00
Euro	1	Rs.71.82

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	DIV
Report Prepared by :	SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		46

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.