MIRA INFORM REPORT

Report No. :	355593
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	PARKSONS PACKAGING LIMITED

Registered Office :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman - 396210, U.T., Daman and Diu
Tel. No.:	91-260-2240762 / 63, 2243761 / 63

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	26.04.1996

Com. Reg. No.:	56-003450

Capital Investment / Paid-up Capital :	Rs.126.783 Million

CIN No.: [Company Identification No.]	U21029DD1996PLC003450

IEC No.:	0397068221

TAN No.: [Tax Deduction & Collection Account No.]	MUMP17332A

PAN No.: [Permanent Account No.]	AABCP6598E

Legal Form :	A Closely Held Public Limited Liability Company

Line of Business :	Manufacture and Sale of Folding Cartons. (From Indirect Sources)

No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

A (67)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 5000000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is a well-established company and it is a folding carton solutions provider in India having fine track. Management has filed financials for the year 2015 with Registrar of Companies, but it could be made available from any sources. The company possesses a healthy financial profile marked by decent net worth base, low gearing, and strong debt protection metrics and there is favourable gap between trade payables and receivables. Rating also takes into consideration the healthy growth in operating income of the company marked by satisfactory profit margin. Trade relations are fair. Business is active. Payment terms are regular and as per commitments. In view of established position, the subject 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 = A
Rating Explanation	Adequate degree of safety and low credit risk
Date	02.12.2015

Rating Agency Name	CRISIL
Rating	Short Term Rating = A1
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	02.12.2015

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.

LOCATIONS

Registered Office :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman - 396210, U.T., Daman and Diu, India
Tel. No.:	91-260-2240762 / 63, 2243761 / 63
Mobile No.:	Not Available
Fax No.:	91-260-2243340 / 2240762
E-Mail :	parksons@daman.parksonspackaging.com parksons@parksonspackaging.com jajum@parksonspackaging.com manoj.jaju@parksonspackaging.com info@parksonspackaging.com
Website :	www.parksonspackaging.com
Location :	Owned

Corporate Office 1 :	41/B, Lalbaug Industrial Estate, Dr. Ambedkar Road, Lalbaug, Mumbai – 400012, Maharashtra, India
Tel. No.:	91-22-66667200 / 66635200 / 24700545 / 24716401 / 02
Fax No.:	91-22-66667201 / 66635201

Corporate Office 2:	701/702 Indiabulls Finance Centre, Tower 1, 7th Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013, Maharashtra, India

Factory 1 :	Plot No. 8, 9, and 10, Sector 3, IIE Sidcul Pantnagar, Udham Singh Nagar, Rudrapur, Pantnagar – 263145, Uttarakhand, India

Factory 2:	Gat 357-77, 79, 81, Chakan Talegaon Road, Kharabwadi, Taluka Khed, Pune - 410501, Maharashtra, India
Tel. No.:	91-2135-668600
Fax No.:	91-2135-668650
E-Mail:	parksons@pune.parksonspackaging.com
Location:	Owned

DIRECTORS

AS ON 31.03.2015

Name :

Mr. Chaitanya Ramesh Kejriwal

Designation :

Whole-Time Director

Address :

1201, Saarthi, 33 K.M. Munshi Marg, Chowpatty, Mumbai - 400007, Maharashtra, India

Date of Appointment :

01.04.2014

DIN No.:

00214045

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01/04/2014	19/11/2001	-	Active	NO
2	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	28/09/2007	24/11/2006	-	Active	NO
3	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15/09/2010	15/09/2010	24/11/2010	Active	NO

Name :

Mr. Ramesh Badriprasad Kejriwal

Designation :

Whole-Time Director

Address :

1101, Saarthi, 33 K.M. Munshi Marg, Chowpatty, Mumbai - 400007, Maharashtra, India

Date of Birth/Age :

05.10.1950

Date of Appointment :

01.04.2014

PAN No.:

AABPK7489E

DIN No.:

00214028

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24/01/1990	24/01/1990	-	Amalgamated	NO
2	U51900MH1990PTC055039	KIHIM TRADERS PRIVATE LIMITED	Director	29/01/1990	29/01/1990	-	Amalgamated	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01/04/2014	26/04/1996	-	Active	NO
4	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
5	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29/05/1999	29/05/1999	-	Amalgamated	NO
6	U21010MH1965GAP013226	Indian Flexible Packaging and Folding Carton Manufacturers Association	Director	02/08/2002	02/08/2002	-	Active	NO
7	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
8	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15/09/2010	15/09/2010	24/11/2010	Active	NO

Name :

Mr. Siddharth Ramesh Kejriwal

Designation :

Managing Director

Address :

1301, Saarthi, 33, K.M. Munshi Marg, Chowpatty, Mumbai - 400007, Maharashtra, India

Date of Birth/Age :

19.07.1973

Date of Appointment :

01/04/2014

PAN No.:

AABPK7493A

DIN No.:

00263780

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Managing director	01/04/2014	26/04/1996	-	Active	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
3	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO

Name :

Mr. Anjali Ramesh Kejriwal

Designation :

Director

Address :

1101, Saarthi, 33, K. M. Munshi Marg, Chowpatty, Mumbai - 400007, Maharashtra, India

Date of Birth/Age :

28.09.1954

Date of Appointment :

02.07.2001

DIN No.:

00252407

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24/01/1990	24/01/1990	-	Amalgamated	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
3	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29/05/1999	29/05/1999	-	Amalgamated	NO
4	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	02/07/2001	02/07/2001	-	Active	NO

Name :

Mr. Suresh Shubhkaran Seksaria

Designation :

Director

Address :

Sea Shells, 1st Floor, 13, Darabsha Lane, Napeansea Road, Mumbai - 400026, Maharashtra, India

Date of Birth/Age :

02.01.1949

Date of Appointment :

21.03.2003

DIN No.:

00276580

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	U67120MH1992PTC066843	TRIDHARA SECURITIES PRIVATE LIMITED	Director	25/09/1993	25/09/1993	-	Active	NO
2	U65990MH1994PTC082334	ASCOT SECURITIES AND FINANCE PRIVATE LIMITED	Director	05/10/1995	05/10/1995	-	Active	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	21/03/2003	21/03/2003	-	Active	NO
4	U51909WB1997PTC085204	ASHIANA MERCANTILE PRIVATE LIMITED	Additional director	30/03/2007	30/03/2007	-	Active	NO
5	U27300MH1971PTC015501	NAVBHARAT METAL CONTAINERS PRIVATE LIMITED	Director	23/09/2014	10/03/2014	-	Active	NO
6	U99999MH2001PLC134291	APL INFOTECH LIMITED	Director	27/09/2014	14/03/2014	-	Active	NO

Name :

Mr. Atmaram Singhania

Designation :

Director

Address :

82, Kedia Apartment, 29/F, Dongershi Road, Malabar Hill, Mumbai - 400006, Maharashtra, India

Date of Appointment :

25.03.2015

DIN No.:

00034141

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	U22219MH1987PTC044140	SUMANGAL PACKAGING INDUSTRIES PVT LTD	Director	22/07/1987	22/07/1987	-	Active	NO
2	U51900MH1994PTC078134	PAPTEX TRADING PRIVATE LIMITED	Director	30/09/1999	30/09/1999	28/01/2015	Active	NO
3	U67120MH2000PTC128071	PAPTEX SECURITIES PRIVATE LIMITED	Director	03/08/2000	03/08/2000	-	Active	NO
4	U51909MH2003PTC139854	KRAFTEX TRADING PRIVATE LIMITED	Director	03/04/2003	03/04/2003	28/01/2015	Active	NO
5	U65999MH2008PTC179764	KRAFTEX SECURITIES PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	NO
6	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	25/03/2015	25/03/2015	-	Active	NO
7	AAC-9864	KRAFTEX DISTRIBUTORS LLP	Designated Partner	28/11/2014	28/11/2014	-	Active	NO
8	AAC-9865	PAPTEX DISTRIBUTORS LLP	Designated Partner	28/11/2014	28/11/2014	-	Active	NO

Name :

Mr. Manish Santoshkumar Kejriwal

Designation :

Nominee Director

Address :

Prabhat Building, 6th Floor, B. Road, Churchgate, Mumbai - 400020, Maharashtra, India

Date of Appointment :

25.03.2015

DIN No.:

00040055

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	U01110MH1994PLC082940	ORIENT ROSES LIMITED	Director	15/11/1994	15/11/1994	12/08/2008	Active	NO
2	U01110MH1994PTC083081	HANSTEX (INDIA) Private Limited	Director	17/11/1994	17/11/1994	07/04/2009	Active	NO
3	U67190MH2000PTC154942	TEMASEK HOLDINGS ADVISORS INDIA PRIVATE LIMITED	Managing director	01/04/2004	01/04/2004	11/10/2011	Active	NO
4	L35911PN1945PLC004656	Bajaj Holdings & Investment Limited.	Director	15/09/2004	15/09/2004	-	Active	NO
5	U74899DL1995PLC066685	TATA TELESERVICES LIMITED	Nominee director	07/03/2006	07/03/2006	13/06/2007	Active	NO
6	L65993PN2007PLC130076	BAJAJ AUTO LIMITED.	Director	10/07/2008	30/01/2008	-	Active	NO
7	U65191TN1994PLC079235	FULLERTON INDIA CREDIT COMPANY LIMITED	Director	29/09/2010	18/05/2010	20/06/2011	Active	NO
8	L64201DL2006PLC156038	Bharti Infratel Limited	Nominee director	28/07/2011	28/07/2011	12/12/2011	Active	NO
9	L74899DL1995PLC070609	Bharti Airtel Limited	Director	05/09/2013	26/09/2012	-	Active	NO
10	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Nominee director	25/03/2015	25/03/2015	-	Active	NO
11	AAA-6840	KEDAARA CAPITAL ADVISORS LLP	Designated Partner	11/11/2011	11/11/2011	-	Active	NO

Name :

Mr. Manvinder Singh Banga

Designation :

Nominee Director

Address :

5, Revills, 45,Cuffe Parade, Mumbai - 400005, Maharashtra, India

Date of Appointment :

25.03.2015

DIN No.:

01380521

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	L34103DL1981PLC011375	MARUTI SUZUKI INDIA LIMITED	Director	27/07/2004	27/07/2004	26/10/2012	Active	NO
2	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Nominee director	25/03/2015	25/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Nandlal Jaju
Designation :	Secretary
Address :	605-B, Shreenath Nagar, Ashokvan, Dahisar East, Mumbai - 400068, Maharashtra, India
Date of Birth/Age :	14.02.1972
PAN No.:	AJPJ5929N

Name :	Mr. Chaitanya Ramesh Kejriwal
Designation :	Whole-Time Director
Address :	1201, Saarthi, 33 K. M. Munshi Marg, Chowpatty, Mumbai - 400007, Maharashtra, India
Date of Birth/Age :	08.10.1979
PAN No.:	AEFPK2655E

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders		No. of Shares
Ramesh Badriprasad Kejriwal		918260
Sajjan Kejriwal		596780
Anjali Devi Kejriwal		342000
Asha Devi Kejriwal		745434
Ramesh Kejriwal (Trustee of Ramesh Kejriwal Family Trust)		16030
Sajjan Kejriwal		835630
Kapil Kejriwal		1083880
Ramesh Kejriwal		227440
Nidhi Kejriwal		779150
Chaitanya Ramesh Kejriwal		1399730
Ramesh Kejriwal		757140
Siddharth Ramesh Kejriwal		1502140
Siddharth Ramesh Kejriwal		53440
Parksons Press Private Limited, India		142680
Shaili Kejriwal		600246
M/s. Goya Limited, India		2658222
R. Srikanth		10000
Shailesh Potdar		7500
Rajiv Yajnik		1125
Manoj Jaju		1500
Total		12678327

LIST OF ALOTTEE AS ON 10.04.2015

Names of Shareholders		No. of Shares
Mr. Rajiv Yagnik		201960
Mr. Manoj Jaju		269280
Total		471240

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	20.97
Bodies corporate	1.13
Directors or relatives of Directors	69.20
Other top fifty shareholders	8.70
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture and Sale of Folding Cartons.

(From Indirect Sources)

Products :

Item Code No.	Product Description
4819	Printed Folded Cartons

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Information denied by management

Bankers :

Bank Name	Standard Chartered Bank
Branch	Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, 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

State Bank of India, Backbay Reclamation Branch, Raheja Chamber, Nariman Point - 400021, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	43.202	25.901
Foreign currency term loans from banks	326.769	442.939
Other loans and advances	0.520	1.158
Term loans from others	1.633	0.000
SHORT TERM BORROWINGS
Working capital loans from banks	432.179	406.709
Total	804.303	876.707

Auditors :
Name :	S.R. Batliboi And Company Chartered Accountant
Address :	14^th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India
PAN No.:	AALFS0506L

Memberships :	Not Divulged

Collaborators :	Not Divulged

Enterprises owned or significantly influenced by key Management personnel or their relatives :	Parksons Press Private Limited CIN No.: U22219MH1980PTC023358 Parksons Cartamundi Private Limited (Formerly known as Parksons Games and Sports) CIN No.: U36912MH2010PTC207708

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

20000000	Equity Share	Rs.10/- each	Rs.200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

12678327	Equity Share	Rs.10/- each	Rs.126.783 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
SOURCES OF FUNDS	31.03.2014	31.03.2013	31.03.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	126.783	126.757	126.757
(b) Reserves & Surplus	1627.390	1401.056	1171.963
(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)	1754.173	1527.813	1298.720

(3) Non-Current Liabilities
(a) long-term borrowings	372.124	469.998	455.012
(b) Deferred tax liabilities (Net)	203.997	178.735	156.898
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	14.488	12.529	9.483
Total Non-current Liabilities (3)	590.609	661.262	621.393

(4) Current Liabilities
(a) Short term borrowings	432.179	406.709	333.516
(b) Trade payables	312.038	304.706	244.230
(c) Other current liabilities	514.339	321.419	307.041
(d) Short-term provisions	13.819	5.618	15.581
Total Current Liabilities (4)	1272.375	1038.452	900.368

TOTAL	3617.157	3227.527	2820.481

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2386.609	2068.147	1805.001
(ii) Intangible Assets	8.039	2.856	5.046
(iii) Capital work-in-progress	2.387	31.487	42.587
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	15.303	32.280	22.074
(e) Other Non-current assets	2.436	2.421	0.690
Total Non-Current Assets	2414.774	2137.191	1875.398

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	357.972	364.664	332.835
(c) Trade receivables	784.049	659.292	514.537
(d) Cash and cash equivalents	1.469	1.517	16.570
(e) Short-term loans and advances	41.294	54.110	67.756
(f) Other current assets	17.599	10.753	13.385
Total Current Assets	1202.383	1090.336	945.083

TOTAL	3617.157	3227.527	2820.481

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	4,093.062	3,614.305	3,066.968
	Other Income	12.131	10.616	16.736
	TOTAL (A)	4,105.193	3,624.922	3,083.704

Less	EXPENSES
	Cost of Materials Consumed	2,397.246	2,101.713	1,775.562
	Changes in Inventories of finished goods, work-in-progress and stock-in-trade	16.679	(5.514)	16.255
	Employee Benefits Expenses	411.450	345.994	290.472
	Other Expenses	607.192	536.999	465.454
	TOTAL (B)	3,432.567	2,979.192	2,547.743

	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)	672.626	645.729	535.961

Less	FINANCIAL EXPENSES (D)	103.968	118.506	157.138

	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	568.658	527.223	378.823

Less	DEPRECIATION/ AMORTISATION (F)	218.065	186.685	169.226

	PROFIT/(LOSS) BEFORE TAX (E-F) (G)	350.593	340.538	209.597

Less	TAX (H)	127.542	111.445	60.210

	PROFIT/(LOSS) AFTER TAX (G-H) (I)	223.051	229.093	149.387

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	942.435	713.342	563.955

	BALANCE CARRIED TO THE B/S	1388.530	942.435	713.342

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	564.252	474.360	406.197
	Other Earning	0.000	0.000	0.011
	TOTAL EARNINGS	564.252	474.360	406.208

	IMPORTS
	Raw Materials	172.909	105.077	65.301
	Capital Goods	304.750	316.390	35.798
	TOTAL IMPORTS	477.659	421.467	101.099

	Earnings / (Loss) Per Share (Rs.)	17.6	18.07	11.79

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	294.567	270.96	261.635
Cash generated from operations	NA	NA	NA
Cash generated from (Used) operations	726.834	523.908	594.501
Cash generated from Operating Activities	646.918	448.853	555.697

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.45	6.34	4.87

Operating Profit Margin (PBDIT/Sales)	(%)	16.43	17.87	17.48

Return on Total Assets (PBT/Total Assets}	(%)	9.7	10.65	7.55

Return on Investment (ROI) (PBT/Networth)		0.2	0.22	0.16

Debt Equity Ratio (Total Debt /Networth)		0.46	0.57	0.61

Current Ratio (Current Asset/Current Liability)		0.94	1.05	1.05

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	126.757	126.757	126.783
Reserves & Surplus	1171.963	1401.056	1627.390
Net worth	1298.720	1527.813	1754.173

long-term borrowings	455.012	469.998	372.124
Short term borrowings	333.516	406.709	432.179
CURRENT MATURITIES OF LONG-TERM DEBTS	294.567	270.960	261.635
Total borrowings	1083.095	1147.667	1065.938
Debt/Equity ratio	0.834	0.751	0.608

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	3,066.968	3,614.305	4,093.062
		17.846	13.246

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	3,066.968	3,614.305	4,093.062
Profit	149.387	229.093	223.051
	4.87%	6.34%	5.45%

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	Yes
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	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	---
33	Market information	---
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10603664	27/10/2015	293,715,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C70727110
2	10586892	26/07/2015	64,500,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	C62089453
3	10586312	23/07/2015	360,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL,, 23 BARAKHAMBA ROAD,, NEW DELHI, DELHI - 110001, INDIA	C61849378
4	10536867	10/10/2014	256,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI - 110001, INDIA	C37080785
5	10537151	10/10/2014	256,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI - 110001, INDIA	C37274644
6	10518621	12/12/2014 *	350,000,000.00	CITI BANK N.A.	JEEVAN BHARTI BUILDING,, 124 CONNAUGHT PLACE, CONNAUGHT CIRCUS,, NEW DELHI, DELHI - 110001, INDIA	C42087676
7	10476697	03/02/2014	70,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI - 110001, INDIA	B95987277
8	10476698	07/07/2014 *	285,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD,, DELHI, DELHI - 110001, INDIA	C12921656
9	10370579	14/08/2012	168,000,000.00	STATE BANK OF INDIA	RAHEJA CHAMBERS, BACKBAY RECLAMATION BRANCH,NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B45684131
10	10371070	06/12/2013 *	155,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B92743293

FIXED ASSETS

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

PRESS RELEASE:

KEDAARA CAPITAL INVESTS RS.2000.000 MILLION IN PARKSONS PACKAGING

MUMBAI: Local private equity fund Kedaara Capital Tuesday said it has invested Rs 2000.000 Million to purchase a significant minority stake in unlisted cartons and paper packaging company Parksons Packaging Ltd through a mix of existing stake from rival PE fund Chryscapital and fresh shares from promoters. Chrys Capital, which purchased 21% stake in the company for Rs 500.000 Million in 2006, made more than two fold return from the exit.

Founded in 1996 by Ramesh Kejriwal and managed by his two sons, Siddharth and Chaitanya, Parksons supplies its products to drug makers, soaps and paste makers and its key customers Hindustan Unilever, L'Oreal, Godrej, McDonald's, Kellogg's, Cadbury, Wockhardt and Ranbaxy. 'Kedaara's promoter partnership model, strong industry networks, and unique understanding of the consumer and healthcare industry, will add significant value to Parksons and help further strengthen our position as India's most preferred and innovative paper packaging solutions provider," said Ramesh Kejriwal, Chairman, Parksons Packaging. It's operating model will enhance Parksons' performance, bringing in global experience and best practices to strengthen our offering."
Indian packaging industry market is likely to touch $43.7 billion by 2016, according to Indian Institute of Packaging (IIP). India's packaging industry is growing at 12 per cent per annum, compared to the global growth rate of 5 per cent, according to IIP.

According to Manish Kejriwal and Sunish Sharma, managing partners of Kedaara Capital, the transaction is in line with the firm's focus of investing in leading businesses driven by talented entrepreneurs. "This is an opportune time to invest in the Indian packaging sector, with Parksons being especially well-positioned to benefit from the growth in the Indian consumption story," they said in a release. "With a best-in-class management team, a key differentiator in the highly fragmented packaging sector, Parksons leverages its well-diversified exposure across multiple sectors, roster of marquee global and local customers, and strong design and innovation capabilities to offer a unique value proposition to all its customers."

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. 66.42
UK Pound	1	Rs. 99.17
Euro	1	Rs. 72.14

INFORMATION DETAILS

Analysis Done by :	AMT

Report Prepared by :	SYL

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	8
--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		67

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

Corporate Office 2:

Unit