MIRA INFORM REPORT

Report No. :	353548
Report Date :	11.12.2015

IDENTIFICATION DETAILS

Name :	TECH SUTRE INDUSTRIES LIMITED [w.e.f.11.10.2010]

Formerly Known As :	SUNLINE EXPORTS LIMITED SUNLINE EXPORTS PRIVATE LIMITED

Registered Office :	6th Floor, 'A' Block, Shivsagar State, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra
Tel. No.:	91-22-66619000

Country :	India

Financials (as on) :	31.03.2015

Date of Incorporation :	07.07.2003

Com. Reg. No.:	11-141188

Capital Investment / Paid-up Capital :	Rs.69.633 Million

CIN No.: [Company Identification No.]	U13200MH2003PLC141188

IEC No.:	0303069007

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAHCS7662Q

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturing, Exporting and Importing of gray Fabric, winding twisting of Yarn and Stitched Madeups. [Confirmed by management]

No. of Employees :	420 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Even though the company was incorporated on 07^th July 2003, it has commenced its business operations from 15^th January 2013. It is having a satisfactory track record. For the FY 2015, the company has achieved decent sales turnover, however reported average profitability margin. The company possesses adequate networth base marked by unfavorable gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are slow but correct. The company can be considered 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

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 = BB+
Rating Explanation	Inadequate credit quality and high credit risk.
Date	15.09.2015

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Upendra Patel
Designation :	Manager
Contact No.:	91-9769111228
Date :	07.12.2015

LOCATIONS

Registered Office :	6th Floor, 'A' Block, Shivsagar State, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-66619000
Mobile No.:	91-9769111228 [Mr. Upendra]
Fax No.:	91-22-66619090
E-Mail :	upendra_patel@samruddha.net cs@samruddha.net
Website :	http://www.samrudha.net
Location :	Owned
Locality:	Commercial

Factory :	Gat No. 85, 88/1A and 88/1B, Village Sutarepada, Post Khede Meheregaon, Taluka and District Dhule – 424302, Maharashtra, India

DIRECTORS

AS ON 31.03.2015

Name :

Vinay Rohidas Patil

Designation :

Managing Director

Address :

302, Purna , Sir Ponchkhanwala Road, Worli, Mumbai - 400025, Maharashtra, India

Date of Birth/Age :

22.02.1972

Date of Appointment :

03.09.2013

DIN No.:

00522674

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	U51900MH1997PLC112284	SAMRUDDHA RESOURCES LIMITED	Managing director	11/12/2012	05/12/1997	-	Active	NO
2	U64200MH2000PLC126737	SAMRUDDHA INTERNATIONAL LIMITED	Director	01/08/2013	24/05/2000	-	Active	NO
3	U93000MH2003PTC139822	TEESHEE HOLDINGS PRIVATE LIMITED	Director	05/11/2009	01/04/2003	-	Active	NO
4	U67120MH2003PTC141738	L R P SECURITIES SERVICES PRIVATE LIMITED	Director	13/08/2003	13/08/2003	25/01/2013	Active	NO
5	U13200MH2003PLC141188	TECH SUTRE INDUSTRIES LIMITED	Managing director	03/09/2013	05/01/2005	-	Active	NO
6	U17120MH2005PTC150448	SARVESHWARI TEX-FAB PRIVATE LIMITED	Director	05/01/2005	05/01/2005	10/08/2012	Active	NO
7	U45309MH2006PTC158618	DHULE TEXTILE PARK PRIVATE LIMITED	Director	30/09/2014	04/01/2006	-	Active	NO
8	U93000MH1996PLC099873	TERRE' HOLDINGS LIMITED	Director	20/04/2006	20/04/2006	-	Active	NO
9	U45203MP2001PTC014779	SUMANGAL DWELLING AND PROJECTS PRIVATE LIMITED	Director	02/02/2007	02/02/2007	-	Active	NO
10	U45200MH2007PTC169506	RVK INFRASTRUCTERS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
11	U17120MH2005PTC150447	RUCHI COTTONS PRIVATE LIMITED	Director	29/06/2007	29/06/2007	10/08/2012	Active	NO
12	U17120MH2005PTC153081	PADMA TEX FAB PRIVATE LIMITED	Director	29/06/2007	29/06/2007	10/08/2012	Active	NO
13	U72200PN2003PTC018409	SKYI LANDS AND INFRASTRUCTURE INDIA PRIVATE LIMITED.	Additional director	21/09/2007	21/09/2007	-	Active	NO
14	U24100MH2003PTC141309	SAMRUDDHA PHOSPHATES PRIVATE LIMITED	Director	01/08/2008	01/08/2008	-	Active	NO
15	U70102MH2008PTC187097	SAMKIT ESTATES PRIVATE LIMITED	Director	26/09/2008	26/09/2008	01/12/2010	Active	NO
16	U74900MH2010PTC200955	SANRISE HOLDINGS PRIVATE LIMITED	Director	17/03/2010	17/03/2010	20/03/2012	Active	NO
17	U51909WB2009PTC139662	TYCOON AGENCY PRIVATE LIMITED	Director	25/08/2011	22/03/2011	-	Active	NO
18	U93000WB2009PTC139663	TRIBHUWAN ESTATE HOLDINGS PRIVATE LIMITED	Director	30/09/2011	22/03/2011	-	Active	NO
19	U51909MH2003PTC141116	KALAHASTI DEVELOPMENTS AND FARMING PRIVATE LIMITED	Director	25/07/2011	25/07/2011	20/03/2012	Active	NO
20	U70102MH2011PTC224907	TVISH REALTY PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO
21	U13209MH2008PTC181753	TAPAS MINING PRIVATE LIMITED	Additional director	25/10/2012	25/10/2012	30/06/2015	Active	NO
22	U67120MH1995PLC087714	MOUNT SECURITIES LIMITED	Director	23/09/2013	20/03/2013	-	Active	NO
23	U45400MH2013PTC241354	TARA SPACES PRIVATE LIMITED	Director	26/03/2013	26/03/2013	-	Active	NO
24	U45200MH2008PTC178514	PEGAUS PROPERTIES PRIVATE LIMITED	Director	23/09/2013	19/04/2013	-	Active	NO
25	U45200MH2014PTC253974	TARA DWELLINGS PRIVATE LIMITED	Director	07/03/2014	07/03/2014	-	Active	NO
26	AAB-5288	MIDCITY TARA OSHIWARA REALTY LLP	Body corporate as Designated Partner	16/05/2013	16/05/2013	-	Active	NO
27	AAB-5853	TARA AND JANAKI DEVELOPERS LLP	Designated Partner	15/06/2013	15/06/2013	-	Active	NO
28	AAB-8136	TARA AND JANAKI MAHIM REALTY LLP	Designated Partner	12/10/2013	12/10/2013	-	Active	NO

Name :

Amit Anil Jagtap

Designation :

Director

Address :

C-60 A, Abhimanshree Society, Baner Road., Chatushrungi, Pune - 411008, Maharashtra, India

Date of Birth/Age :

03.02.1977

Date of Appointment :

30.09.2008

DIN No.:

00357982

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	U72200PN2003PTC018409	SKYi LANDS AND INFRASTRUCTURE INDIA PRIVATE LIMITED.	Director	01/10/2003	01/10/2003	-	Active	NO
2	U17120MH2005PTC152913	HRISHIKESH TEXFAB PRIVATE LIMITED	Director	29/04/2005	29/04/2005	01/12/2010	Active	NO
3	U29299PN2005PTC020802	ECO CLEAN LAUNDRY PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO
4	U45203MP2001PTC014779	SUMANGAL DWELLING AND PROJECTS PRIVATE LIMITED	Director	11/01/2007	11/01/2007	-	Active	NO
5	U13200MH2003PLC141188	TECH SUTRE INDUSTRIES LIMITED	Director	30/09/2008	15/03/2008	-	Active	NO
6	U64200MH2000PLC126737	SAMRUDDHA INTERNATIONAL LIMITED	Director	16/05/2008	16/05/2008	-	Active	NO
7	U51900MH1997PLC112284	SAMRUDDHA RESOURCES LIMITED	Director	30/09/2010	07/01/2010	-	Active	NO
8	U45203PN2008PTC131621	ENERRGIA INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2015	28/01/2014	-	Active	NO
9	AAE-6925	SKYI INNOVATIONS LIMITED LIABILITY PARTNERSHIP	Body corporate as Designated Partner	03/09/2015	03/09/2015	-	Active	NO

Name :

Kunal Rohidas Patil

Designation :

Director

Address :

303, Purna,, Sir Pochkhanwala Road, Worli, Mumbai - 400018, Maharashtra, India

Date of Birth/Age :

18.09.1974

Date of Appointment :

05.01.2005

DIN No.:

00522634

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	U51900MH1997PLC112284	SAMRUDDHA RESOURCES LIMITED	Director	05/12/1997	05/12/1997	31/03/2015	Active	NO
2	U64200MH2000PLC126737	SAMRUDDHA INTERNATIONAL LIMITED	Director	16/05/2008	31/03/2003	-	Active	NO
3	U51909MH2003PTC141116	KALAHASTI DEVELOPMENTS AND FARMING PRIVATE LIMITED	Managing director	01/07/2003	01/07/2003	-	Active	NO
4	U67120MH2003PTC141738	L R P SECURITIES SERVICES PRIVATE LIMITED	Director	13/08/2003	13/08/2003	-	Active	NO
5	U13200MH2003PLC141188	TECH SUTRE INDUSTRIES LIMITED	Director	05/01/2005	05/01/2005	-	Active	NO
6	U17120MH2005PTC150454	KUNAL COTTONS PRIVATE LIMITED	Director	06/01/2005	06/01/2005	01/12/2010	Active	NO
7	U45309MH2006PTC158618	DHULE TEXTILE PARK PRIVATE LIMITED	Director	30/09/2014	04/01/2006	-	Active	NO
8	U45203MP2001PTC014779	SUMANGAL DWELLING AND PROJECTS PRIVATE LIMITED	Director	02/02/2007	02/02/2007	01/12/2010	Active	NO
9	U45200MH2007PTC169506	RVK INFRASTRUCTERS PRIVATE LIMITED	Director	31/03/2007	31/03/2007	-	Active	NO
10	U17120MH2005PTC150450	SURUCHI COTTONS PRIVATE LIMITED	Director	29/06/2007	29/06/2007	01/12/2010	Active	NO
11	U17111MH2006PTC161693	DIVINE TEXTILE PRIVATE LIMITED	Director	29/06/2007	29/06/2007	01/12/2010	Active	NO
12	U24100MH2003PTC141309	SAMRUDDHA PHOSPHATES PRIVATE LIMITED	Director	29/09/2012	16/02/2010	-	Active	NO
13	U70102MH2011PTC224907	TVISH REALTY PRIVATE LIMITED	Director	14/12/2011	14/12/2011	-	Active	NO
14	U45400MH2013PTC241354	TARA SPACES PRIVATE LIMITED	Director	26/03/2013	26/03/2013	-	Active	NO
15	U70100MH2013PTC246814	PACIFIC RESIDENTIALS PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO
16	U70100MH2013PTC246815	EDEN DWELLINGS PRIVATE LIMITED	Director	08/08/2013	08/08/2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Upendra Patel
Designation :	Manager

MAJOR SHAREHOLDERS

AS ON 20.08.2014

Names of Shareholders		No. of Shares
Vinay Rohidas Patil		74550
Kunal Rohidas Patil		49700
Lata Rohidas Patil		50
Ruchi Vinay Patil		100
Smita C. Patil		50
Samruddha International Limited, India		3404500
Amit Jagtap		50
Sandesh Vanijya Private Limited, India		56000
Aryawart Vincom Private Limited, India		21500
Manoj Thakur		71500
Samruddha Resources Limited, India		3330000
Total		7008000

Equity Share Break up (Percentage of Total Equity)

AS ON 20.08.2014

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	97.20
Directors or relatives of directors	1.78
Other top fifty shareholders	1.02
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing, Exporting and Importing of gray Fabric, winding twisting of Yarn and Stitched Madeups. [Confirmed by management]

Products :

ITC Code No.

Product Descriptions

52051190

Cotton Yarn

52082270

Grey Fabric

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Fabric

Countries :

Bahrain
England
UK

Imports :

Not Divulged

Terms :

Selling :

L\C, Cheque and Credit [30,60,90 Days]

Purchasing :

L\C, Cheque and Credit [30,60,90 Days]

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

Wholesalers and Retailers

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

No. of Employees :

420 (Approximately) / Information declined by the management

Bankers :

Banker Name	State Bank of India
Branch Address	Sme Branch, Shivsagar Estate, Worli (South), Dr. A. B. Road, Mumbai - 400018, Maharashtra, India
Person Name (With Designation)	Not Available
Contact Number	91-22-24934872 (Ringing)
Name of Account Holder	Not Available
Account Number	Not Available
Account Since (Date/Year of Account Opening)	Not Available
Average Balance Maintained (If Possible)	Not Available
Credit Facilities Enjoyed (If any)	Cash Credit = Rs.70.000 Million
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Term Loan From Bank	89.912	114.204
SHORT TERM BORROWING
Cash Credit from Bank [Hypothecation of Inventory, Plant and machinery and other movable assets]	92.929	75.040
Total	182.841	189.244

Auditors :
Name :	M.B. Agrawal and Company Chartered Accountants
Address :	204, Mhatre Pen Building Senappati Bapat Marg, Dadar [West], Mumbai - 400028, Maharashtra, India
Tel. No.:	91-22-24314881
Fax No.:	91-24363312
E-Mail :	mhaandco@yahoo.co.in
PAN N Income-tax PAN of auditor or auditor's firm :	AABFM5230D

Memberships :	Not Available

Collaborators :	Not Available

Related Parties:	Adhrit Textiles Private Limited Courtesy Textile Private Limited Daksh Texfab Private Limited Dalaja Cottons Private Limited · Dhule Textile Park Private Limited Kavya Textile Private Limited · LRP Securities Private Limited Madhusudhana Tex Fab Private Limited Manmeet Fabrics Private Limited Paridhan Textile Private Limited Ruchi Cottons Private Limited Sage Cottons Private Limited · Samruddha International Limited Samruddha Phosphates Private Limited · Samruddha Resources Limited [U51900MH1997PLC112284] Sangini Tex Fab Private Limited Shourya Cottons Private Limited Sudarshan Cottons Private Limited Sumangal Dwelling Projects Private Limited Teksheel Cottons Private Limited Tamanosh Cottons Private Limited · Teeshee Holdings Private Limited (Samruddha Investment Consultancy Private Limited) Terre Holdings Limited Texage Fabrics Private Limited Ujjwal Cottons Private Limited Varahi Textle Private Limited Virrat Tex Fab Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount

10000000	Equity Shares	Rs.10/- each	Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

6958400	Equity Shares [Fully paid up]	Rs.10/- each	Rs.69.584 Million
49600	Equity Shares [Partially paid up]	Rs.1/- each	Rs.0.049 Million
	Total		Rs.69.633 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013

I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	69.633	68.964	2.114
(b) Reserves & Surplus	286.165	281.708	9.728
(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)	355.798	350.672	11.842

(3) Non-Current Liabilities
(a) long-term borrowings	169.599	182.201	384.447
(b) Deferred tax liabilities (Net)	4.956	1.585	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)	174.555	183.786	384.447

(4) Current Liabilities
(a) Short term borrowings	92.929	75.040	15.558
(b) Trade payables	113.937	98.196	4.196
(c) Other current liabilities	93.869	80.830	26.350
(d) Short-term provisions	4.368	0.000	0.000
Total Current Liabilities (4)	305.103	254.066	46.104

TOTAL	835.456	788.524	442.393

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	256.025	268.102	267.177
(ii) Intangible Assets	0.450	0.449	0.080
(iii) Capital work-in-progress	57.075	31.738	8.285
(iv) Intangible assets under development	0.000	0.103	0.000
(b) Non-current Investments	0.020	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	1.772
(d) Long-term Loan and Advances	42.879	37.566	14.491
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	356.449	337.958	291.805

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	179.663	124.572	16.848
(c) Trade receivables	102.668	84.811	0.000
(d) Cash and cash equivalents	5.840	5.885	5.210
(e) Short-term loans and advances	190.140	235.298	128.530
(f) Other current assets	0.696	0.000	0.000
Total Current Assets	479.007	450.566	150.588

TOTAL	835.456	788.524	442.393

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	599.680	473.764	0.000
	Other Income	6.948	2.810	1.008
	TOTAL (A)	606.628	476.574	1.008

Less	EXPENSES
	Cost of Materials Consumed	452.545	403.884	6.200
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(59.693)	(86.064)	(6.790)
	Employees benefits expense	23.901	19.303	1.290
				0.055
	Other expenses	120.958	77.961	1.607
	TOTAL (B)	537.711	415.084	2.362

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	68.917	61.490	(1.354)

Less	FINANCIAL EXPENSES (D)	37.401	31.856	1.999

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	31.516	29.634	(3.353)

Less/ Add	DEPRECIATION/ AMORTISATION (F)	21.833	19.652	2.609

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	9.683	9.982	(5.962)

Less	TAX (H)	5.226	5.403	(1.7720

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	4.457	4.579	(4.1900

	Earnings / (Loss) Per Share (Rs.)
	Basic	6.46	6.45	15.27
	Diluted	0.65	0.64	15.27

Expected Sales (2015-2016): Rs.750.000 Million

The above information has been parted by Mr. Upendra Patel (Manager).

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	24.000	24.000	24.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	(162.272)	(64.329)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	0.74	0.97	0.00

Operating Profit Margin (PBIDT/Sales)	(%)	11.49	12.98	0.00

Return on Total Assets (PBT/Total Assets}	(%)	1.24	1.32	(1.38)

Return on Investment (ROI) (PBT/Networth)		0.03	0.03	(0.50)

Debt Equity Ratio (Total Debt /Networth)		0.81	0.80	35.81

Current Ratio (Current Asset/Current Liability)		1.57	1.77	3.27

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	2.114	68.964	69.633
Reserves & Surplus	9.728	281.708	286.165
Net worth	11.842	350.672	355.798

Long-term borrowings	384.447	182.201	169.599
Short term borrowings	15.558	75.040	92.929
Current maturities of long-term debts	24.000	24.000	24.000
Total borrowings	424.005	281.241	286.528
Debt/Equity ratio	35.805	0.802	0.805

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1.008	476.574	606.628
		47179.167	27.289

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1.008	476.574	606.628
Profit/ (Loss)	(4.190)	4.579	4.457
	(415.67%)	0.96%	0.73%

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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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	Yes
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Loan From Related Party
Inter Corporate Deposits	79.687	67.997
Total	79.687	67.997

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10347818	26/03/2012 *	240,000,000.00	STATE BANK OF INDIA	SME BRANCH, SHIVSAGAR ESTATE, WORLI (SOUTH), DR. A. B. ROAD, MUMBAI- 400018, MAHARASHTRA, INDIA	B37219409

* Date of charge modification

FIXED ASSETS

· Land

· Buildings

· Plant and equipment

· Factory equipments

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipments

· Other equipments

· Brands and 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.66.79
UK Pound	1	Rs.101.37
Euro	1	Rs.73.46

INFORMATION DETAILS

Information Gathered by :	KAM

Analysis Done by :	AMR

Report Prepared by :	GEET

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit