MIRA INFORM REPORT

Report No. :	353140
Report Date :	17.12.2015

IDENTIFICATION DETAILS

Name :	JINDAL SPECIALTY TEXTILES LIMITED

Registered Office :	V.P.O. Jugiana, G T Road, Ludhiana - 141420, Punjab
Tel. No.:	91-161-2511840 / 2511841 / 2511842 / 6603555

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	2708.2008

Com. Reg. No.:	16-031968

Capital Investment / Paid-up Capital :	Rs. 49.500 Million

CIN No.: [Company Identification No.]	U17100PB2008PLC031968

IEC No.:	3009009208

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

PAN No.: [Permanent Account No.]	AACCJ0235H

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacturer of Textile Products and Banner Fabrics ( Registered Activities)

No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 1000000

Status :	Moderate

Payment Behaviour :	Slow but correct

Litigation :	Exist

Comments :	Subject was incorporated in May 2008, it is a wholly-owned subsidiary of “Jindal Cotex Limited” (JCL). The company has set up a unit at Una, Himachal Pradesh (HP) for manufacturing technical textile products like PVC laminated products, frontlit banner, backlit banner, inflatable banner etc. The ratings is constrained on company sharp decline in its sales turnover from its previous FY-13 marked by continues heavy losses incurred from its operating activities over the years. Ratings is further constrained on company’s moderate financial profile, decline in its net worth and reserves position, high gearing leading to stretch liquidity position. The rating strengths are mitigate from promoters extensive experiences in textile sector and strong funding support from its holding company in form of unsecured loans. However, trade relations seem to be fair. Business is active. Payment terms are slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – 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	CARE
Rating Suspended	Absence of requisite information
Date	January 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 DECLINED

Management non Co-operative

LOCATIONS

Registered Office :	V.P.O. Jugiana, G T Road, Ludhiana - 141420, Punjab, India
Tel. No.:	91-161-2511840 / 2511841 / 2511842 / 6603555
Fax No.:	Not Available
E-Mail :	info@jindalspecialty.com cs@jindalcotex.com

DIRECTORS

As on 30.09.2015

Name :

Mr. Sandeep Jindal

Designation :

Director

Address :

H.No.-B-I, 980/2a, Opp. Police Lines, Civil Lines, Ludhiana - 141001, Punjab, India

Date of Appointment :

27.05.2008

DIN No.:

01639743

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	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Managing director	01-10-13	18-02-98	-	Active	NO
2	U72900PB2007PTC031270	JINDAL INFO MEDIA PRIVATE LIMITED	Director	19-07-07	19-07-07	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	27-05-08	27-05-08	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	27-05-08	27-05-08	-	Active	NO
5	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	30-09-10	02-08-10	-	Active	NO
6	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
7	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
8	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
9	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	30-09-14	11-02-11	-	Active	NO

Name :

Mr. Yash Paul Jindal

Designation :

Director

Address :

B-I, 989/2a, Opp. Police Lines, Ludhiana - 141001, Punjab, India

Date of Appointment :

27.05.2008

DIN No.:

01923862

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	U35921PB1988PTC008627	JINDAL CYCLES PRIVATE LIMITED	Director	01-10-93	01-10-93	-	Active	NO
2	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Whole-time director	01-07-15	10-12-98	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	27-05-08	27-05-08	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	27-05-08	27-05-08	-	Active	NO
5	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	30-09-10	02-08-10	04-03-13	Active	NO
6	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
7	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
8	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
9	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	11-02-11	11-02-11	-	Active	NO

Name :

Mr. Rajinder Kumar Jindal

Designation :

Director

Address :

House No. 29 - D, Sarabha Nagar, Ludhiana -141001, Punjab, India

Date of Appointment :

27.05.2008

DIN No.:

01923829

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	U35921PB1988PTC008627	JINDAL CYCLES PRIVATE LIMITED	Director	26-04-91	26-04-91	-	Active	NO
2	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Whole-time director	01-07-15	10-12-98	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	27-05-08	27-05-08	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	27-05-08	27-05-08	-	Active	NO
5	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	30-09-10	02-08-10	-	Active	NO
6	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
7	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
8	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
9	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	11-02-11	11-02-11	-	Active	NO

Name :

Mr. Ramesh Kumar Jindal

Designation :

Director

Address :

H.No. D-40, Greater Kailash-II, New Delhi - 110048, India

Date of Appointment :

27.05.2008

DIN No.:

01923895

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	U35921PB1988PTC008627	JINDAL CYCLES PRIVATE LIMITED	Director	26-04-91	26-04-91	-	Active	NO
2	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Whole-time director	01-07-15	30-09-00	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	27-05-08	27-05-08	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	27-05-08	27-05-08	-	Active	NO
5	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	30-09-10	02-08-10	-	Active	NO
6	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
7	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
8	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
9	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	11-02-11	11-02-11	-	Active	NO

Name :

Mr. Rajesh Khanna

Designation :

Director

Address :

9468 St. No.1 Joshi Nagar, Ludhiana - 141001, Punjab, India

Date of Appointment :

18.09.2014

DIN No.:

06971227

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	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Director	30-09-15	18-09-14	-	Active	NO
2	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	30-09-14	18-09-14	-	Active	NO
3	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	30-09-14	18-09-14	-	Active	NO

Name :

Mr. Sahil Jindal

Designation :

Director

Address :

D-40, Greater Kailash Enclave, Part-II, New Delhi - 110048, India

Date of Appointment :

25.10.2010

DIN No.:

03272737

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	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Director	01-10-14	25-10-10	-	Active	NO
2	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	29-09-11	25-10-10	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	30-09-11	25-10-10	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	30-09-11	25-10-10	-	Active	NO
5	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
6	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
7	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
8	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	11-02-11	11-02-11	-	Active	NO

Name :

Mr. Aman Jindal

Designation :

Director

Address :

D-29 Sarabha Nagar, Ludhiana - 141001, Punjab, India

Date of Appointment :

25.10.2010

DIN No.:

03285801

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	L17115PB1998PLC021084	JINDAL COTEX LIMITED	Director	01-10-14	25-10-10	-	Active	NO
2	U74990HP2009PLC031264	HIMACHAL TEXTILE PARK LIMITED	Director	29-09-11	25-10-10	-	Active	NO
3	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	30-09-11	25-10-10	-	Active	NO
4	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	30-09-11	25-10-10	-	Active	NO
5	U74900PB2010PLC034388	JINDAL HOLDINGS AND INVESTMENT LIMITED	Director	28-10-10	28-10-10	-	Active	NO
6	U70109PB2010PLC034441	JINDAL INFRABIZ LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
7	U27107PB2010PLC034447	JINDAL METALEX LIMITED	Director	25-11-10	25-11-10	-	Strike off	NO
8	U35921PB2011PLC034679	LEADER CYCLES LIMITED	Director	11-02-11	11-02-11	-	Active	NO

Name :

Mr. Kartar Chand Dhiman

Designation :

Director

Address :

Mig 829-A, Phb Cly, Jamalpur, Ludhiana- 141001, Punjab, India

Date of Appointment :

14.02.2012

DIN No.:

05143805

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	U17100PB2008PLC031964	JINDAL MEDICOT LIMITED	Director	29-09-12	19-12-11	-	Active	NO
2	U17100PB2008PLC031968	JINDAL SPECIALTY TEXTILES LIMITED	Director	29-09-12	14-02-12	-	Active	NO
3	U72900PB2007PTC031270	JINDAL INFO MEDIA PRIVATE LIMITED	Director	30-09-14	20-12-13	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Sandeep Jindal	100
Yash Paul Jindal	100
Rajinder Jindal	100
Jagdish Rai Jindal	100
Geeta Jindal	100
Santosh Jindal	100
Reen Prabha Jindal	100
Ramesh Jindal	100
Jindal Cotex Limited	4949200
Total	4950000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Textile Products and Banner Fabrics ( Registered Activities)

Products :	PVC laminated products Frontlit banner Backlit banner Inflatable banner

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

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 Divulged

Bankers :

Bank Name	Corporation Bank
Branch	Pakhawal Road, Ludhiana - 141001, Punjab, 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

Punjab National Bank

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term loan from Bank	813.933	1000.620

Short-term borrowings
Working Capital from banks	283.300	170.000

Total	1097.233	1170.620

Auditors :
Name :	Raj Gupta and Company Chartered Accountants

Memberships :	Not Available

Collaborators :	Not Available

Related Parties:	Jindal Cotex Limited (L1711PBI1998PLC021084) Jindal Medicot Limited (L17100PB2008PLC031964) Himachal Textile Park Limited (U74990HP2009PLC031264) Jindal Cycles Private Limited (U35921PB1988PTC008627) Jindal info Media Private Limited(U72900PB2007PTC031270) Jindal Holdings and Investments Private Limited (U74900PB2010PLC034388)

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

5000000	Equity Shares	Rs.10/- each	Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

4950000	Equity Shares	Rs.10/- each	Rs. 49.500 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	49.500	49.500	49.500
(b) Reserves & Surplus	342.302	425.066	461.321
(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)	391.802	474.566	510.821

(3) Non-Current Liabilities
(a) long-term borrowings	962.096	1113.814	924.895
(b) Deferred tax liabilities (Net)	0.000	0.000	11.237
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	1.081	0.789	0.000
Total Non-current Liabilities (3)	963.177	1114.603	936.132

(4) Current Liabilities
(a) Short term borrowings	289.300	180.958	126.147
(b) Trade payables	138.629	154.522	104.885
(c) Other current liabilities	340.368	131.366	145.273
(d) Short-term provisions	0.914	1.293	0.000
Total Current Liabilities (4)	769.211	468.139	376.305

TOTAL	2124.190	2057.308	1823.258

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	471.685	367.833	438.567
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	1054.455	1083.753	976.595
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	55.000	55.000	0.010
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	3.467	3.467	3.458
(e) Other Non-current assets	0.000	0.074	0.148
Total Non-Current Assets	1584.607	1510.127	1418.778

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	38.058	118.802	32.689
(c) Trade receivables	407.834	375.043	89.137
(d) Cash and cash equivalents	12.183	9.905	14.485
(e) Short-term loans and advances	81.508	43.431	268.169
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	539.583	547.181	404.480

TOTAL	2124.190	2057.308	1823.258

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	348.934	1009.372	131.206
	Other Income	3.758	4.079	18.545
	TOTAL (A)	352.692	1013.451	149.751

Less	EXPENSES
	Cost of Materials Consumed	0.546	460.988	31.093
	Purchases of Stock-in-Trade	238.192	584.014	126.093
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	86.115	(91.987)	(19.130)
	Employees benefits expense	7.640	11.214	5.215
	Other expenses	9.815	9.648	3.406
	TOTAL (B)	342.308	973.877	146.677

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	10.384	39.574	3.074

Less	FINANCIAL EXPENSES (D)	76.780	59.477	6.336

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	(66.396)	(19.903)	(3.262)

Less/ Add	DEPRECIATION/ AMORTISATION (F)	16.368	16.352	3.663

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(82.764)	(36.255)	(6.925)

Less	TAX (H)	0.000	0.000	0.000

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(82.764)	(36.255)	(6.925)

	IMPORTS
	Raw Materials	0.000	0.000	43.858
	Components and Stores parts	0.000	0.000	0.643
	Capital Goods	0.000	0.000	360.307
	TOTAL IMPORTS	0.000	0.000	404.808

	Earnings / (Loss) Per Share (Rs.)	(16.72)	(7.32)	(1.65)

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	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PARTICULARS
Net Profit Margin (PAT / Sales)	(%)	(23.72)	(3.59)	(5.28)

Operating Profit Margin (PBIDT/Sales)	(%)	2.98	3.92	2.34

Return on Total Assets (PBT/Total Assets}	(%)	(8.16)	(3.95)	(0.82)

Return on Investment (ROI) (PBT/Networth)		(0.21)	(0.08)	(0.01)

Debt Equity Ratio (Total Debt /Networth)		3.19	2.73	2.06

Current Ratio (Current Asset/Current Liability)		0.70	1.17	1.07

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	49.500	49.500	49.500
Reserves & Surplus	461.321	425.066	342.302
Net worth	510.821	474.566	391.802

Long-term borrowings	924.895	1113.814	962.096
Short term borrowings	126.147	180.958	289.300
Total borrowings	1051.042	1294.772	1251.396
Debt/Equity ratio	2.058	2.728	3.194

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	131.206	1009.372	348.934
		669.303	(65.431)

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	131.206	1009.372	348.934
Profit / Loss	(6.925)	(36.255)	(82.764)
	(5.28%)	(3.59%)	(23.72%)

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	No
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	No
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	No
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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS:

High Court of Punjab and Haryana Chandigarh
Case Details For Case CA-70-2015
Diary Number	1318173		District	NEW DELHI
Category	--		Main Case Detail	CP-16-2015
Party Detail	MEGA TECHNOLGIES V/S JINDAL SPECIALITY TEXTILES LIMITED
Advocate Name	NITIN THATAI		List Type
Status	PENDING		Next Date
Case Listing Details
No Listing Data Available
Judgment Details For Case: CM- CM-21823-CII-2010 Party Detail: MEGA TECHNOLGIES V/S JINDAL SPECIALITY TEXTILES LIMITED
Order Date		Order Type	Bench	Judgement Link
Designed and Developed by National Informatics Centre Contents Published and Managed by Punjab and Haryana High Court, Chandigarh. Disclaimer

PRESS REALISE:

Jindal Specialty Textile aims for Rs 200 crore turnover

This will generate additional profit of Rs 20-25 crores to its parent company, Jindal Cotex Ltd

BS B2B Bureau | Ludhiana, Punjab September 3, 2014 Last Updated at 16:23 IST

Jindal Specialty Textile Ltd, a leading manufacturer of PVC laminated products for boat, trucks & tarpaulin, is aiming to achieve addition revenues of Rs 190-200 crore this year. Jindal Speciality Textile Ltd (JSTL) is a wholly-owned subsidiary of the Ludhiana-based Jindal Cotex Ltd (JCL), which is engaged in manufacturing a variety of synthetic yarns, ie acrylic, polyester and other blended yarns.

“The company got the power connection in April 2014 and proposes to achieve additional sales turnover of Rs 190-200 crore on yearly basis with full capacity utilisation and by this Jindal Cotex Ltd would be benefited and additional profit of Rs 20-25 crores of (EBITA margin) would be added on yearly basis,” said a JCT press release.

Jindal Specialty Textile was set up for manufacturing laminated and coated textile products under technical textiles sector. JSTL produces technical textile and banner fabrics textiles product like PVC films (frontlit and backlit), other advertisement materials. The main product line is PVC laminated product, front banner fabric, backlit banner fabric, inflatable fabric for boats. The annual capacity of the plant is 20000 TPA.

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings:
Loans and advance from related Parties	148.163	113.194

Short-term borrowings:
Loans and advance from related Parties	6.000	6.000
Loans repayable on demand from banks	0.000	4.958
Total	154.163	124.152

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10511249	30-06-14	22,500,000.00	CORPORATION BANK	PREMISES NO.5, NEW LAJPAT NAGAR, PAKHOWAL ROAD, LUDHIANA, Punjab - 141001, INDIA	C13562186

2	10472159	31-12-13	40,000,000.00	CORPORATION BANK	NEW LAJPAT NAGAR,, PAKHOWAL ROAD,, LUDHIANA, Punjab - 141001, INDIA	B94222106

3	10387474	28-09-12	65,300,000.00	PUNJAB NATIONAL BANK	INDUSTRIAL AREA,, LUDHIANA, Punjab - 141002, INDIA	B62334685
4	10387442	27-09-12	20,600,000.00	CORPORATION BANK	PREMISES NO.5, NEW LAJPAT NAGAR, PAKHOWAL ROAD, LUDHIANA, Punjab - 141001, INDIA	B62330154

5	10350849	31/03/2014 *	385,000,000.00	PUNJAB NATIONAL BANK	INDUSTRIAL AREA, LUDHIANA, Punjab - 141003, INDIA	C04149282
6	10237513	28/09/2012 *	251,400,000.00	ALLAHABAD BANK	INDUSTRIAL AREA,, LUDHIANA, Punjab - 141002, INDIA	B62302054
7	10219010	28/09/2012 *	600,000,000.00	PUNJAB NATIONAL BANK	INDUSTRIAL AREA,, LUDHIANA, Punjab - 141002, INDIA	B62343397
8	10198216	27/09/2012 *	200,000,000.00	CORPORATION BANK	PREMISES NO.5, NEW LAJPAT NAGAR, PAKHOWAL ROAD, LUDHIANA, Punjab - 141001, INDIA	B62330725

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 records 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.66.84
UK Pound	1	Rs.100.57
Euro	1	Rs.73.15

INFORMATION DETAILS

Analysis Done by :	KSP

Report Prepared by :	VLS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	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		27

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.