MIRA INFORM REPORT

Report No. :	353734
Report Date :	14.12.2015

IDENTIFICATION DETAILS

Name :	ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED
Registered Office :	18A, Wing-F, 3rd Floor, Local Shopping Complex, Naraifloor, New Delhi - 110028, Delhi
Tel. No.:	91-11-25778656/ 57/ 58/ 59 91-11-47617777
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	03.12.1992
Com. Reg. No.:	55-051235
Capital Investment / Paid-up Capital :	Rs. 8.187 Million
CIN No.: [Company Identification No.]	U74899DL1992PLC051235
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	DELU02314E
PAN No.: [Permanent Account No.]	AAACU0285A
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in manufacturing and trading of Chimneys, Kitchen Accessories and Modular Kitchens. (Registered Activity)
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 160000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was established in the year 1992 and it is a manufacturer and trader of chimneys, kitchen accessories, and modular kitchens. The company markets its products under the brands, Cantee and Ultrafresh. Its manufacturing facility is at Baddi (Himachal Pradesh). For the financial year ended 2014, revenue of the company has marginally declined by 3.18% and it has reported low margin at 0.73% during the year under review. Rating takes into consideration extensive experience of promoters in the kitchen appliances industry backed by company’s established track record of business operations along with moderate financial profile, low gearing and moderate debt protection metrics. However, rating strength is partially offset by company’s modest scale of operations in the kitchen appliances industry and working-capital-intensive operations. Trade relations are reported as fair. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. Note: As per registrar of Companies, the date of balance sheet (i. e. financial filed) is shown as 31.03.2015 but the documents related to the financial for the year 31.03.2015 are not available from any source.)

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	ICRA
Rating	Long tern rating = BB-
Rating Explanation	Inadequate-credit-quality and high credit risk
Date	29.10.2015

Rating Agency Name	ICRA
Rating	Short term rating = A4+
Rating Explanation	Minimal degree of safety and very high credit risk
Date	29.10.2015

Rating outstanding:

CRISIL is yet to receive adequate information from company to enable it to undertake a rating review. CRISIL is taking all possible efforts to get to cooperate with its rating process for enabling it to carry out the rating review. CRISIL will suspend the ratings shortly if the company continues non cooperation with the rating process.

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.

LOCATIONS

Registered Office :	18A, Wing-F, 3rd Floor, Local Shopping Complex, Naraifloor, New Delhi - 110028, Delhi, India
Tel. No.:	91-11-25778656/ 57/ 58/ 59 91-11-47617777
Fax No.:	91-11-25778656-59
Website :	Not Available

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Dinesh Sharma

Designation :

Director

Address :

Flat No.64, Vijay Apartment, 16, Carmichael Road, Mumbai - 400026, Maharashtra, India

Date of Appointment :

01.04.2009

DIN No.:

00051986

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	U74899DL1992PLC051235	ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED	Director	01/04/2009	03/12/1992	-	Active	NO
2	U65993DL1983PLC016392	GODRICH FINANCE AND SECURITIES LIMITED	Director	04/10/1994	04/10/1994	04/10/1994	Active	NO
3	U29309RJ2004PLC019085	CATA APPLIANCES LIMITED	Director	12/04/2004	12/04/2004	-	Not Available for eFiling	NO
4	U74899DL2004PLC137211	CATA APPLIANCES LIMITED	Director	12/04/2004	12/04/2004	-	Active	NO
5	U74899DL1990PTC039702	PARA LUBE (INDIA) PRIVATE LIMITED	Director	20/08/2004	20/08/2004	-	Active	NO
6	U67120MH1994PLC080387	AQUANOMICS SYSTEMS LIMITED	Director	02/06/2005	02/06/2005	-	Active	NO
7	U74140WB2004PLC098283	ASTHA TECHNICAL SERVICES LIMITED	Director	20/12/2005	20/12/2005	-	Active	NO
8	L74999MH1964PLC014258	ION EXCHANGE (INDIA) LIMITED	Whole-time director	01/04/2014	24/01/2006	-	Active	NO
9	U51909WB1995PLC074911	ROCKMEN MERCHANTS LTD	Director	08/02/2006	08/02/2006	-	Active	NO
10	U26102MH2006PLC161108	Global Composites and Structurals Limited	Director	13/04/2006	13/04/2006	-	Active	NO
11	U45201MH2006PLC163421	ION EXCHANGE INFRASTRUCTURE LIMITED	Director	31/07/2006	31/07/2006	-	Active	NO
12	U31401WB2007PLC117476	PROCESS AUTOMATION ENGINEERS LIMITED	Director	26/07/2007	26/07/2007	15/07/2009	Strike off	NO
13	U15543DL2007PTC159884	Nutech Technoservices Private Limited	Director	24/09/2010	02/03/2010	01/07/2011	Active	NO
14	U74200MH2011PLC216024	ION EXCHANGE PROJECTS AND ENGINEERING LIMITED	Director	11/04/2011	11/04/2011	-	Active	NO
15	U32109DL2006PLC146917	EMPOWER ELECTRONICS LIMITED	Director	14/08/2013	17/05/2013	-	Active	NO

Name :

Mr. Sayed Sirajul Hassan Naqvi

Designation :

Director

Address :

H.No. 292-F, DLF Park Palace, DLF Phase-5, Gurgaon - 122002, Haryana, India

Date of Appointment :

29.09.2012

DIN No.:

00074396

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	U74899DL1992PLC051235	ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED	Director	29/09/2012	03/12/1992	-	Active	NO
2	U24299DL1997PTC087208	FAIRDEAL TECHNOLOGIES PRIVATE LIMITED	Director	12/05/1997	12/05/1997	-	Active	NO
3	U15543WB2003PLC097303	AQUA HOME SERVICES LIMITED	Director	24/11/2003	24/11/2003	-	Strike off	NO
4	U29309RJ2004PLC019085	CATA APPLIANCES LIMITED	Director	12/04/2004	12/04/2004	-	Not Available for eFiling	NO
5	U74899DL2004PLC137211	CATA APPLIANCES LIMITED	Director	12/04/2004	12/04/2004	-	Active	NO
6	U74899DL1990PTC039702	PARA LUBE (INDIA) PRIVATE LIMITED	Director	20/08/2004	20/08/2004	-	Active	NO
7	U74300DL2005PTC141800	ADVANCE WATER DIGEST PRIVATE LIMITED	Director	09/06/2007	09/06/2007	-	Active	NO
8	U45200DL2007PTC157612	NEER INFRASTRUCTURE PROJECTS PRIVATE LIMITED	Additional director	08/11/2007	08/11/2007	21/08/2008	Active	NO
9	U15543DL2007PTC159884	Nutech Technoservices Private Limited	Director	24/09/2010	02/03/2010	01/07/2011	Active	NO
10	U29307DL2011PTC213562	SURYA UNLIMITED ENERGY PRIVATE LIMITED	Director	08/02/2011	08/02/2011	-	Active	NO
11	U41000DL2010PTC199866	UPRIGHT AQUATECHNOLOGIES PRIVATE LIMITED	Director	14/06/2011	13/06/2011	-	Active	NO
12	U32109DL2006PLC146917	EMPOWER ELECTRONICS LIMITED	Director	14/08/2013	17/05/2013	-	Active	NO

Name :

Miss. Poonam Sharma

Designation :

Director

Address :

Flat No. 64, Vijay Apartment, 16, Carmichael Road, Behind Jaslok Hospital, Mumbai - 400026, Maharashtra, India

Date of Appointment :

03.12.1992

DIN No.:

00074445

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	U74899DL1992PLC051235	ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED	DIRECTOR	03/12/1992	03/12/1992	-	ACTIVE	NO
2	U74899DL1990PTC039702	PARA LUBE (INDIA) PRIVATE LIMITED	DIRECTOR	20/08/2004	20/08/2004	-	ACTIVE	NO
3	U24299DL1997PTC087208	FAIRDEAL TECHNOLOGIES PRIVATE LIMITED	DIRECTOR	07/01/2006	07/01/2006	16/01/2008	ACTIVE	NO
4	U74140DL2006PTC154474	HEADWAY CORPORATE RESOURCES PRIVATE LIMITED	DIRECTOR	28/09/2006	28/09/2006	-	ACTIVE	NO
5	U51909WB1995PLC074911	ROCKMEN MERCHANTS LTD	DIRECTOR	22/09/2010	22/09/2010	-	ACTIVE	NO
6	U29307DL2011PTC213562	SURYA UNLIMITED ENERGY PRIVATE LIMITED	DIRECTOR	08/02/2011	08/02/2011	-	ACTIVE	NO
7	U32109DL2006PLC146917	EMPOWER ELECTRONICS LIMITED	DIRECTOR	14/08/2013	17/05/2013	-	ACTIVE	NO

Name :	Mr. Hina Naqvi
Designation :	Director
Address :	Flat No. 98, Dipni Appts., Pitampura, Delhi -110034, Delhi, India
Date of Appointment :	29.09.2012
DIN No.:	05316337

Name :

Mr. Dhruv Dinesh Trigunayat

Designation :

Director

Address :

Flat No. 64, Vijay Apartment,, 16, Carmichael Road, Behind Jaslok Hospital, Mumbai - 400026, Maharashtra, India

Date of Appointment :

30.09.2014

DIN No.:

06527045

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	U74140DL2006PTC154474	Headway Corporate Resources Private Limited	Director	20/09/2013	15/03/2013	-	Active	NO
2	U74899DL1992PLC051235	ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED	Director	30/09/2014	20/12/2013	-	Active	NO
3	U74899DL2004PLC137211	CATA APPLIANCES LIMITED	Director	30/09/2014	20/12/2013	-	Active	NO

MAJOR SHAREHOLDERS

AS ON 31.03.2015

EQUITY SHAREHOLDERS

Names of Shareholders	No. of Shares
Mr. Dinesh Sharma	178183
Mr. Sirajul Hassan Naqvi	94010
Miss. Poonam Sharma	110610
Miss. Yasmin Naqvi	28000
Anju Sharma	24225
Sudeep sarkar	5000
Nishi sharma	5000
Aruna sharma	7505
Hina naqvi	52000
Dinesh Sharma and sons (HUF)	25000
Ayesha naqvi	39184
Total	568717

PREFERENCE SHAREHOLDERS

Names of Shareholders	No. of Shares
Mr. Sirajul Hassan Naqvi	2000
Miss. Yasmin Naqvi	500
Mr. Kamal Bharati	500
Master Dhruv Trigunayat	500
Baby Priya Trigunayat	500
VS Enviropure India Private Limited	1850
Mr. Dinesh Sharma (Shri Krishna Industries)	2600
Mr. Deepak Hiremath	500
Master Nishant Bharti	400
Mr. Bimal Jain	250
Mr. Priyank Jain	250
Dinesh Sharma	3000
Miss. Poonam Sharma	1500
Miss. Aruna Sharma	500
Mr. Sanjay Kapoor	1000
Miss. Ritu Kapoor	1000
Mr. Sateesh . M.S.	250
Para Lube (India) Private Limited	6000
Mr. Harish Khokhar	1000
Miss. Anupama Gupta	500
Master Lakshay Bharti (Through N/G Mr. H.S. Bharti)	400
Total	25000

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	94.86
Other top fifty shareholders	5.14
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in manufacturing and trading of Chimneys, Kitchen Accessories and Modular Kitchens (Registered Activity)
Products :	Chimneys Kitchen Accessories Modular Kitchens
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

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 :	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 :	Not Divulged
Remark:	Not Divulged

No. of Employees :

Not Available

Bankers :

Bank Name	State Bank of India
Branch	Commercial Branch, Naraina, New Delhi - 110028, Delhi, India
Person Name (With Designation)	Not Available
Contact Number	Not Available
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)	Not Available
Account Operation	Not Available
Remarks (If any)	Not Available

Facilities :

--

Auditors :
Name :	Gupta Sachdeva and Company Chartered Accountants
Address :	337-338, Somdutt Chamber, 9 - Bhikaji Cama Place, New Delhi - 110066, Delhi, India
E-Mail :	anilgupta@guptasachdeva.com
PAN No. of Auditors Firm:	AAAFA3767G
Memberships :	Not Divulged
Collaborators :	Not Divulged
Enterprises over which key managerial personnel exercises control :	Para Lube (India) Private Limited
Enterprises over which key managerial personnel exercises significant Influence:	Cata Appliances Limited (CIN NO.: U74899DL2004PLC137211) Pragya Hitemath
Enterprises over which relative of key managerial personnel exercises control :	Ess Ess Industries H. K. Ployplast Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
1,000,000	Equity Shares	Rs.10/- each	Rs. 10.000 Million
100,000	Preference Shares	Rs.100/- each	Rs. 10.000 Million
1,100,000			Rs. 20.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
568,717	Equity Shares	Rs.10/- each	Rs. 5.687 Million
25,000	Preference Shares	Rs.100/- each	Rs. 2.500 Million
593,717			Rs. 8.187 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	8.187	8.187	8.187
(b) Reserves & Surplus	48.717	47.379	45.573
(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)	56.904	55.566	53.760
(3) Non-Current Liabilities
(a) long-term borrowings	1.724	0.424	1.059
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	8.158	10.411	11.107
(d) long-term provisions	0.933	1.154	1.400
Total Non-current Liabilities (3)	10.815	11.989	13.566
(4) Current Liabilities
(a) Short term borrowings	39.445	29.261	31.551
(b) Trade payables	31.489	41.854	41.126
(c) Other current liabilities	22.252	21.751	22.617
(d) Short-term provisions	0.410	0.642	0.777
Total Current Liabilities (4)	93.596	93.508	96.071
TOTAL	161.315	161.063	163.397
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	14.448	16.256	17.471
(ii) Intangible Assets	0.000	0.182	0.182
(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	3.076	3.075	3.075
(c) Deferred tax assets (net)	0.304	0.293	0.211
(d) Long-term Loan and Advances	1.174	1.136	1.724
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	19.002	20.942	22.663
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	52.743	49.127	41.571
(c) Trade receivables	74.492	73.461	78.275
(d) Cash and cash equivalents	2.210	7.110	8.132
(e) Short-term loans and advances	5.541	6.530	5.058
(f) Other current assets	7.327	3.893	7.698
Total Current Assets	142.313	140.121	140.734
TOTAL	161.315	161.063	163.397

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	235.070	244.779
	Other Income	2.653	0.756
	TOTAL SALES	237.723	245.535	244.495
Less	EXPENSES
	Cost of Materials Consumed	0.000	36.318	240.805
	Purchases of Stock-in-Trade	146.350	104.200
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(12.384)	(7.725)
	Employees benefits expense	43.481	42.056
	Other expenses	51.376	60.525
	TOTAL EXPENSES	228.823	235.374
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	8.900	10.161
Less	FINANCIAL EXPENSES	4.637	5.201
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	4.263	4.960
Less	DEPRECIATION/ AMORTISATION	2.109	2.595
	PROFIT/ (LOSS) BEFORE TAX	2.154	2.365	3.690
Less	TAX	0.400	0.559	0.716
	PROFIT/ (LOSS) AFTER TAX	1.754	1.806	2.974
	IMPORTS
	Traded Goods	81.252	33.879	NA
	TOTAL IMPORTS	81.252	33.879	NA
	EARNINGS / (LOSS) PER SHARE (RS.)	3.08	3.17	NA

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
Cash generated from (Used) operations	NA	NA	NA
Cash generated from Operating Activities	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	0.75	0.74	NA
Operating Profit Margin (PBIDT/Sales)	(%)	3.79	4.15	NA
Return on Total Assets (PBT/Total Assets}	(%)	1.36	1.50	2.30
Return on Investment (ROI) (PBT/Networth)		0.04	0.04	0.07
Debt Equity Ratio (Total Debt /Networth)		0.72	0.53	0.61
Current Ratio (Current Asset/Current Liability)		1.52	1.50	1.46

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	8.187	8.187	8.187
Reserves & Surplus	45.573	47.379	48.717
Share Application money pending allotment	0.000	0.000	0.000
Net worth	53.760	55.566	56.904
long-term borrowings	1.059	0.424	1.724
Short term borrowings	31.551	29.261	39.445
Current Maturities of Long term debt	0.000	0.000	0.000
Total borrowings	32.610	29.685	41.169
Debt/Equity ratio	0.607	0.534	0.723

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
Total Income	244.495	245.535	237.723
		0.425	(3.182)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Total Income	244.495	245.535	237.723
Profit	2.974	1.806	1.754
	1.22%	0.74%	0.74%

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	No
8	Designation of contact person	No
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	No
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

COMPANY OVERVIEW:

ULTRAPURE TECHNOLOGY AND APPLIANCES INDIA LIMITED is a manufacturing as well as trading concern. The company deals manufacturing and trading of Chimneys, Hobs, Accessories, etc

INDEX OF CHARGES:

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	90051736	12/05/2010 *	70,000,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, NARAINA, NEW DELHI, DELHI - 110028, INDIA	A87074522
2	90048694	26/07/2005 *	7,500,000.00	STATE BANK OF INDIA	COMMERCIAL BRANCH, NARAINA, NEW DELHI, DELHI, INDIA	-

FIXED ASSETS

• Land and Building
• Furniture’s and Fixtures
• Office Equipment
• Computer
• Vehicles

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. 101.10
Euro	1	Rs. 73.10

INFORMATION DETAILS

Analysis Done by :	KRN
Report Prepared by :	SYL

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		42

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.