MIRA INFORM REPORT

Report No. :	355705
Report Date :	22.12.2015

IDENTIFICATION DETAILS

Name :	LAKSHMI LIFE SCIENCES LIMITED
Registered Office :	No. 34-A, Kamaaraj Road, Coimbatore – 641018, Tamilnadu
Tel. No.:	91-897-3880008
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	04.09.2009
Com. Reg. No.:	18-015463
Capital Investment / Paid-up Capital :	Rs. 35.500 Million
CIN No.: [Company Identification No.]	U73100TZ2009PLC015463
IEC No.:	3210000662
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCL6636P
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturer, Exporter and Importer of Precision Plastic and Mould Parts also offer medical devices such as breathing circuits, HME bacteria filters, masks oxygen masks etc. [Confirmed by management]
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 400000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Lakshmi Life Sciences Limited founded in the year 2009, and it has its manufacturing facility located at Coimbatore, Tamilnadu. Company is involved in the manufacturer of high precision plastic components and its operations can be broadly classified under two division – Engineering division and Medical division. The company’s reported net profit stood at Rs. 77.000 million on an operating income of Rs. 461.000 million in 2014-15, as against a net profit of Rs. 64.000 million reported on an operating income of Rs. 446.000 million for 2013-14. The rating takes considerations on company established track record of the promoters in the engineering industry, inherent strength of the company being part of the Lakshmi Machine Work Group and healthy financial profile of the company characterized by strong accruals and comfortable debt coverage indicators. Trade relations are reported to be fair. Business is active. Payments are reported to be regular as per commitment. In view of aforesaid, the company can be considered for business dealings with usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA RATING
Rating	Long Term Bank Facilities = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	August 2015

Rating Agency Name	ICRA RATING
Rating	Short Term Bank Facilities = A2+
Rating Explanation	Strong degree of safety and low credit risk
Date	August 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. Krishnamoorthy
Designation :	Finance Manager
Contact No.:	91-422-4560113
Date :	18.12.2015

LOCATIONS

Registered Office :	No. 34-A, Kamaaraj Road, Coimbatore – 641018, Tamilnadu, India
Tel. No.:	91-897-3880008
Fax No.:	Not Available
E-Mail :	krishnamoorthy@lakshmilife.com duraisami.k@Imw.co.in
Website :	http://www.lakshmilife.com
Factory :	No. 3/284-A Sulur Railway Feeder Road, Kurumbapalayam, Muthugoundanpudur Post, Coimbatore – 641406, Tamilnadu, India
Tel. No.:	91-422-4560163
Fax No.:	91-422-6575100

DIRECTORS

AS ON 31.03.2015

Name :

Sanjay Jayavarthanavelu

Designation :

Director

Address :

"Shell House" , No.695, Avanashi Road, Coimbatore - 641037, Tamil Nadu, India

Date of Birth/Age :

15.06.1968

Date of Appointment :

22.08.2012

DIN No.:

00004505

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	L31200TZ1981PLC001124	LAKSHMI ELECTRICAL CONTROL SYSTEMS LIMITED	Director	21/06/1989	21/06/1989	-	Active	NO
2	L17111TZ1981PLC001109	SUPER SALES INDIA LIMITED	Director	26/11/1989	26/11/1989	-	Active	NO
3	U17111TZ1968PLC000583	LAKSHMI TECHNOLOGY AND ENGINEERING INDUSTRIES LIMITED	Director	13/05/1992	13/05/1992	-	Active	NO
4	U17111TZ1974PLC000712	LAKSHMI RING TRAVELLERS (COIMBATORE) LIMITED	Director	19/06/1992	19/06/1992	-	Active	NO
5	U28939TZ1966PLC000559	LAKSHMI PRECISION TOOLS LIMITED	Director	19/06/1992	19/06/1992	21/07/2008	Active	NO
6	L29269TZ1962PLC000463	LAKSHMI MACHINE WORKS LIMITED	Managing director	01/06/2012	24/02/1993	-	Active	NO
7	U55101TZ1990PTC002853	WALZER HOTELS AND RESORTS Private Limited	Director	10/03/1993	10/03/1993	28/07/2007	Active	NO
8	U52599TN1991PLC021857	LAKSHMI CARGO COMPANY LIMITED	Director	03/03/2004	03/03/2004	-	Active	NO
9	L85110DL1989PLC276986	FORTIS MALAR HOSPITALS LIMITED	Director	29/09/2008	31/07/2008	31/03/2015	Active	NO
10	U80302TZ2009PLC015650	HERMES ACADEMY OF TRAINING LIMITED	Director	02/12/2009	02/12/2009	02/09/2011	Active	NO
11	L29224TN1954PLC000318	CARBORUNDUM UNIVERSAL LIMITED	Director	01/08/2014	27/01/2010	-	Active	NO
12	L17111TZ1910PLC000093	THE LAKSHMI MILLS COMPANY LIMITED	Director	22/09/2010	30/07/2010	-	Active	NO
13	U29199TZ1993PLC004443	LMW MACHINERY LIMITED	Nominee director	25/07/2011	02/11/2010	17/08/2011	Amalgamated	NO
14	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	22/08/2012	20/02/2012	-	Active	NO
15	U29199TZ2009PLC015340	QUATTRO ENGINEERING INDIA LIMITED	Director	22/08/2012	20/02/2012	-	Active	NO
16	U55101TN2005PTC055586	ALAMPARA HOTELS AND RESORTS PRIVATE LIMITED	Director	26/09/2012	16/08/2012	-	Active	NO
17	U55101TZ2013PTC020090	SOWBARNIHA RESORTS PRIVATE LIMITED	Director	16/12/2013	16/12/2013	16/01/2014	Active	NO

Name :

Lalithadevi Sanjay Jayavarthanavelu

Designation :

Director

Address :

Shell House, 695 Avanashi Road, Coimbatore - 641037, Tamil Nadu, India

Date of Birth/Age :

20.10.1971

Date of Appointment :

28.07.2010

DIN No.:

00004524

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	U63040TZ1981PLC007191	STARLINE TRAVELS LIMITED	Director	13/06/1996	13/06/1996	-	Active	NO
2	U52599TN1991PLC021857	LAKSHMI CARGO COMPANY LIMITED	Whole-time director	02/02/2012	01/11/2006	-	Active	NO
3	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	28/07/2010	29/03/2010	-	Active	NO
4	U17111TZ1968PLC000583	LAKSHMI TECHNOLOGY AND ENGINEERING INDUSTRIES LIMITED	Director	08/08/2012	11/08/2011	-	Active	NO
5	U70200TZ2012PLC017989	REVANTHA HOLDINGS LIMITED	Director	18/09/2013	16/05/2012	-	Active	NO
6	U55101TZ2013PTC020090	SOWBARNIHA RESORTS PRIVATE LIMITED	Director	16/12/2013	16/12/2013	-	Active	NO
7	U45201TZ2007PLC013634	REVANTHA SERVICES LIMITED	Additional director	10/12/2014	10/12/2014	-	Active	NO

Name :

Naidoor Ramachandran Selvaraj

Designation :

Director

Address :

4/1-A-4, Balan Nagar, Kavundampalayam, Coimbatore - 641030, Tamil Nadu, India

Date of Birth/Age :

05.10.1947

Date of Appointment :

04.09.2009

DIN No.:

00013954

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	U65910TZ1997PTC008085	SCFS FINANCE PRIVATE LIMITED	Director	12/09/1997	12/09/1997	-	Active	NO
2	U29199TZ2009PLC015340	QUATTRO ENGINEERING INDIA LIMITED	Director	13/07/2009	13/07/2009	-	Active	NO
3	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	04/09/2009	04/09/2009	-	Active	NO
4	U80302TZ2009PLC015650	HERMES ACADEMY OF TRAINING LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
5	U70200TZ2012PLC017989	REVANTHA HOLDINGS LIMITED	Director	07/03/2012	07/03/2012	-	Active	NO
6	U01122TZ2006PTC012982	VEDHIKA ECO FARMS PRIVATE LIMITED	Director	26/07/2013	22/10/2012	-	Amalgamated	NO
7	L17111TZ1981PLC001109	SUPER SALES INDIA LIMITED	Whole-time director	01/02/2014	29/10/2012	-	Active	NO
8	U70101TZ2013PLC020078	SOWBARNIKA ENTERPRISES LIMITED	Director	11/12/2013	11/12/2013	-	Active	NO

Name :

Gurusamy Venkatasamy Devadas

Designation :

Director

Address :

No.36a,Kuchi Naidulayout, Lakshmipuram, Coimbatore - 641004, Tamil Nadu, India

Date of Birth/Age :

07.04.1958

Date of Appointment :

04.09.2009

DIN No.:

02714348

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	U29199TZ2009PLC015340	QUATTRO ENGINEERING INDIA LIMITED	Director	06/09/2010	31/07/2009	-	Active	NO
2	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	04/09/2009	04/09/2009	-	Active	NO

Name :

Nandagopal Venkatesh

Designation :

Director

Address :

8a/1013, Avanashi Road, Coimbatore - 641018, Tamil Nadu, India

Date of Birth/Age :

02.09.1966

Date of Appointment :

04.09.2009

DIN No.:

00087922

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	U74920TZ1996PLC007237	LAKSHMI VIGNESH CORPORATE SERVICES LIMITED	Director	26/09/2008	23/06/2008	-	Amalgamated	NO
2	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	04/09/2009	04/09/2009	-	Active	NO
3	U45201TZ2007PLC013634	REVANTHA SERVICES LIMITED	Director	23/09/2011	21/02/2011	-	Active	NO
4	U91990TZ1939GAP000035	THE COIMBATORE COSMOPOLITAN CLUB	Director	14/09/2012	14/09/2012	30/09/2015	Active	NO

Name :

Shiekh Khadershah Najmulhussain

Designation :

Director

Address :

No .31 D Jayavarthanavelu Nagar, Peelemedu, Coimbatore - 641004, Tamil Nadu, India

Date of Birth/Age :

20.01.1943

Date of Appointment :

07.11.2013

DIN No.:

02723029

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	U29199TZ2009PLC015340	QUATTRO ENGINEERING INDIA LIMITED	Director	06/09/2010	31/07/2009	-	Active	NO
2	U80302TZ2009PLC015650	HERMES ACADEMY OF TRAINING LIMITED	Director	02/12/2009	02/12/2009	-	Active	NO
3	U29199TZ1993PLC004443	LMW MACHINERY LIMITED	Nominee director	30/07/2012	17/08/2011	-	Amalgamated	NO
4	U73100TZ2009PLC015463	LAKSHMI LIFE SCIENCES LIMITED	Director	09/08/2014	07/11/2013	-	Active	NO
5	L17111TZ1981PLC001109	SUPER SALES INDIA LIMITED	Director	27/08/2014	20/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Krishnamoorthy
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 31.03.2015

Names of Equity Shareholders	No. of Shares
Sanjay Jayavarthanavelu	329940
Dr. Lalithadevi Sanjay Jayavarthanavelu and Sri Sanjay Jayavarthanavelu	10
R. Mahendran and Sri. Sanjay Jayavarthanavelu	10
G. Venkatesh and Sri. Sanjay Jayavarthanavelu	10
N. Venkatesh and Sri. Sanjay Jayavarthanavelu	10
N.R. Selvaraj	10
V. Rajakrishnamoorthy and Sri. Sanjay Jayavarthanavelu	10
Shivaji Jayavarthanavelu	220000
Total	550000

Names of PreferenceShareholders	No. of Shares
Sanjay Jayavarthanavelu	3000000
Total	3000000

Equity Share Break up (Percentage of Total Equity)

AS ON 31.03.2015

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Precision Plastic and Mould Parts also offer medical devices such as breathing circuits, HME bacteria filters, masks oxygen masks etc. [Confirmed by management]
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	Singapore Austria Germany USA Netherlands
Imports :
Products :	Raw Material
Countries :	Singapore USA European Countries
Terms :
Selling :	Advance Payment and L/C
Purchasing :	Advance Payment and L/C

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Fine Polymers, Coimbatore
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 :	Lakshmi Machine Works 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 :

150 (Approximately)

Bankers :

Banker Name	Indian Bank
Branch Address	31, Variety Hall Road, Coimbatore – 641001, Tamilnadu, India
Person Name (With Designation)	Not Divulged
Contact Number	91-422-2397758
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)	Continuously Ringing

Auditors :
Name :	S. Krishnamoorthy and Company Chartered Accountants
Address :	Kanapathy Towers, III rd Floor, 1391/A-1 Sathy Road, Ganapathy, Coimbatore – 641006, Tamilnadu, India
PAN N Income-tax PAN of auditor or auditor's firm :	AALFS4188C
Memberships :	Not Available
Collaborators :	Not Available
Associates :	Lakshmi Machine Works Limited Lakshmi Cargo Company Limited Lakshmi Technology and Engineering Industries Limited Super Sales India Limited Quattro Engineering India Limited Star Line Travels Limited Lakshmi Vignesh Corporate Services Limited Revantha Builders Limited

CAPITAL STRUCTURE

AS ON 31.03.2015

Authorised Capital :

No. of Shares	Type	Value	Amount
2000000	Equity Shares	Rs.10/- each	Rs. 20.000 Million
3000000	9% Cumulative Redeemable Preference Shares	Rs. 10/- each	Rs. 30.000 Million
	Total		Rs. 50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
550000	Equity Shares	Rs.10/- each	Rs. 5.500 Million
3000000	9% Cumulative Redeemable Preference Shares	Rs. 10/- each	Rs. 30.000 Million
	Total		Rs. 35.500 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	35.500	35.500	35.500
(b) Reserves & Surplus	299.906	230.790	170.097
(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)	335.406	266.290	205.597
(3) Non-Current Liabilities
(a) long-term borrowings	140.000	0.000	2.492
(b) Deferred tax liabilities (Net)	0.732	0.000	3.702
(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)	140.732	0.000	6.194
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	49.597	40.347	30.780
(c) Other current liabilities	24.094	22.723	26.853
(d) Short-term provisions	0.000	4.218	3.159
Total Current Liabilities (4)	73.691	67.288	60.792
TOTAL	549.829	333.578	272.583
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	124.945	102.224	124.708
(ii) Intangible Assets	0.025	0.346	0.519
(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	216.150	38.719	8.719
(c) Deferred tax assets (net)	0.000	2.177	0.000
(d) Long-term Loan and Advances	7.925	29.392	2.455
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	349.045	172.858	136.401
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	51.520	23.426	21.947
(c) Trade receivables	123.426	101.900	78.513
(d) Cash and cash equivalents	10.127	6.608	5.944
(e) Short-term loans and advances	15.694	28.786	29.749
(f) Other current assets	0.017	0.000	0.029
Total Current Assets	200.784	160.720	136.182
TOTAL	549.829	333.578	272.583

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	453.947	441.130	407.377
	Other Income	5.377	9.564	2.635
	TOTAL	459.324	450.694	410.012
Less	EXPENSES
	Cost of Materials Consumed	206.163	196.597	163.760
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(8.434)	(0.847)	0.222
	Employees benefits expense	39.935	37.766	28.145
	Corporate Social Responsibility Exp.	2.252	0.000	0.000
	Other expenses	79.584	88.115	81.925
	TOTAL	319.500	321.631	274.052
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	139.824	129.063	135.960
Less	FINANCIAL EXPENSES	16.218	2.937	4.936
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	123.606	126.126	131.024
Less/ Add	DEPRECIATION/ AMORTISATION	13.420	30.018	26.787
	PROFIT/ (LOSS) BEFORE TAX	110.186	96.108	104.237
Less	TAX	36.977	32.256	35.151
	PROFIT/ (LOSS) AFTER TAX	73.209	63.852	69.086
Less	APPROPRIATIONS
	Transfer to General Reserve	7.300	6.400	6.900
	Dividend	0.000	2.700	2.700
	Tax on Dividend	0.000	0.459	0.460
	BALANCE CARRIED TO THE B/S	65.910	206.589	152.295
	EARNINGS IN FOREIGN CURRENCY	0.132	0.000	0.000
	IMPORTS
	Raw Materials	192.244	178.026	135.765
	Stores & Spares	7.053	5.361	7.358
	Components	6.865	13.098	20.636
	TOTAL IMPORTS	206.162	196.485	163.759
	Earnings Per Share (Rs.)	127.20	110.35	119.87

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	88.648	43.676	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	16.13	14.47	16.96
Operating Profit Margin (PBIDT/Sales)	(%)	30.80	29.26	33.37
Return on Total Assets (PBT/Total Assets}	(%)	33.02	32.84	39.50
Return on Investment (ROI) (PBT/Networth)		0.33	0.36	0.51
Debt Equity Ratio (Total Debt /Networth)		0.42	0.00	0.01
Current Ratio (Current Asset/Current Liability)		2.72	2.39	2.24

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	35.500	35.500	35.500
Reserves & Surplus	170.097	230.790	299.906
Net worth	205.597	266.290	335.406
long-term borrowings	2.492	0.000	140.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	2.492	0.000	140.000
Debt/Equity ratio	0.012	0.000	0.417

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	407.377	441.130	453.947
		8.285	2.905

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	407.377	441.130	453.947
Profit	69.086	63.852	73.209
	16.96%	14.47%	16.13%

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	No
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from No.20, Sitra - Kalapatty Road, Kalapatty, Coimbatore – 641048, Tamilnadu, India to the present address w.e.f. 01.04.2013.

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWING
Loans and advances from related parties	140.000	0.000
SHORT TERM BORROWING
Total	140.000	0.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10254074	08/06/2015 *	140,400,000.00	INDIAN BANK	31, VARIETY HALL ROAD, COIMBATORE, Tamil Nadu - 64  1001, INDIA	C57751943

* Date of charge modification

FIXED ASSETS

• Land
• Building
• Plant and Machinery
• Electrical Equipments
• Vehicles
• Furniture and Fixture
• Office Equipments
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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. 66.32
UK Pound	1	Rs. 98.99
Euro	1	Rs. 72.13

INFORMATION DETAILS

Information Gathered by :	SPR
Analysis Done by :	KAS
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--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		50

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.