MIRA INFORM REPORT

Report No. :	304229
Report Date :	02.02.2015

IDENTIFICATION DETAILS

Name :	BIRLA JUTE SUPPLY COMPANY LIMITED (w.e.f 07.08.2007)
Formerly Known As :	ASSAM JUTE SUPPLY COMPANY LIMITED
Registered Office :	Birla Building, 9/1, R.N. Muk-herjee Road, TR. Co. From Assam, Kolkata – 700001, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	16.11.1950
Com. Reg. No.:	21-093522
Capital Investment / Paid-up Capital :	Rs. 0.600 Million
CIN No.: [Company Identification No.]	U01113WB1950PLC093522
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AACCA4721B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in Trading of Raw Jute
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca (11)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. Mr. Girish Sharma, Company Secretary has denied to disclose information to us. As per the latest financial statement of 2014, the company has not undertaken any business operations and it has earned income from other source (i.e. interest income). As per status in the registrar of companies business appears to be active. Payments are reported to be unknown. The company can be considered for business dealings on safe and secured 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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date

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 31-03-2014.

LOCATIONS

Registered Office :	Birla Building, 9/1, R.N. Muk-herjee Road, TR. Co. From Assam, Kolkata – 700001, West Bengal, India
Tel. No.:	91-33-66166738
Fax No.:	Not Available
E-Mail :	gsharma@birlacorp.com

DIRECTORS

As on 12.09.2014

Name :

Mr. Dau Lal Rathi

Designation :

Director

Address :

Vaishnawi towers, 5/1 Ballygungle Place, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

15.08.1933

Date of Appointment :

14.07.1999

DIN No.:

00050767

PAN No.:

ADGPR4110B

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	U28939WB1942PTC025403	GWALIOR WEBBING CO. PVT. LTD.	Director	06/06/1984	06/06/1984	-	Active	NO
2	U74899DL1943PLC000682	THE EASTERN ECONOMIST LTD	Director	23/08/1990	23/08/1990	-	Active	NO
3	U01113WB1950PLC093522	BIRLA JUTE SUPPLY COMPANY LIMITED	Director	14/07/1999	14/07/1999	-	Active	NO
4	U51109WB1942PTC075039	BARODA AGENTS AND TRADING CO. PRIVATE LIMITED	Director	02/08/1999	02/08/1999	-	Active	NO
5	U45201WB1996PLC080255	SHREYAS PROJECTS & TRADING COMPANY LTD	Director	19/08/1999	19/08/1999	-	Active	NO
6	U74999WB1998PLC087181	MAZBAT TRADING COMPANY LIMITED	Director	19/08/1999	19/08/1999	-	Active	NO
7	U51909WB1995PLC075959	LANESEDA AGENTS LTD	Director	27/08/1999	27/08/1999	-	Active	NO
8	U51109WB1995PLC074406	INSILCO AGENTS LIMITED	Whole-time director	05/04/2014	27/08/1999	-	Active	NO
9	U51909WB1996PTC078256	CANBERRA TRADERS PVT LTD	Director	22/06/2004	22/06/2004	-	Active	NO
10	U51909WB1994PTC061531	TRILOCHAN VYAPAAR PVT. LTD.	Director	07/12/2006	07/12/2006	-	Active	NO

Name :

Mr. Govind Jayaraman

Designation :

Director

Address :

Flat No. 4, suryalok, 12- A, Mandeville, Garden, Kolkata – 700019, West Bengal, India

Date of Birth/Age :

05.08.1939

Date of Appointment :

15.11.2006

DIN No.:

00929802

PAN No.:

ACUPJ3004D

Voter ID No.:

LWN2770410

Other Directorship :

Name :

Mr. Girish Sharma

Designation :

Director

Address :

64 Parvati Ghosh Lane, Kolkata – 700007, West Bengal, India

Date of Birth/Age :

17.11.1958

Date of Appointment :

15.11.2006

DIN No.:

01192625

PAN No.:

ALDPS1290A

Voter ID No.:

WB/21/143/20738

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	U36994WB1996PLC076677	BUDGE BUDGE FLOORCOVERINGS LTD	Director	29/08/2006	29/08/2006	-	Active	NO
2	U01113WB1950PLC093522	BIRLA JUTE SUPPLY COMPANY LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
3	U65923MH1991PLC060619	BIRLA FINANCIAL CORPORATION LIMITED	Director	30/08/2012	29/06/2012	-	Active	NO
4	U93000WB2014NPL199537	PARIBARTAN ELECTORAL TRUST	Director	16/01/2014	16/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Girish Sharma
Designation :	Company Secretary

MAJOR SHAREHOLDERS

As on 12.09.2014

Names of Shareholders	No. of Shares
Birla Corporation Limited	5994
Birla Corporation Limited and Sharma Girish	1
Saraogi Aditya	1
Birla Corporation Limited and Jayaraman Govind	1
Sushil Kumar Daga	1
Krishna Damani	1
Bachh Raj Nahar	1
Total	6000

As on 12.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	99.93
Other top fifty shareholders	0.07
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in Trading of Raw Jute
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

Banker Name	Not Available
Branch Address	Not Available
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

Auditors :
Name :	O. P. Shah and Company Chartered Accountants
Address :	7B, Everest House, 46C, Jawaharlal Nehru Road, Kolkata – 700071, West Bengal, India
Tel. No.:	91-22480826/0813
PAN No. :	AAASO8743L
Memberships :	Not Available
Collaborators :	Not Available
Holding company :	Birla Corporation Limited CIN No.: L01132WB1919PLC003334

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Ordinary Shares	Rs.100/- each	Rs. 2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6000	Ordinary Shares	Rs.100/- each	Rs. 0.600 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

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	0.600	0.600	0.600
(b) Reserves & Surplus	7.748	7.374	6.855
(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)	8.348	7.974	7.455
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	0.056	0.057	0.059
(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)	0.056	0.057	0.059
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.000	0.000	0.000
(c) Other current liabilities	0.020	0.022	0.020
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	0.020	0.022	0.020
TOTAL	8.424	8.053	7.534
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.172	0.176	0.182
(ii) Intangible Assets	0.000	0.000	0.000
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.136	0.135	0.175
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.308	0.311	0.357
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	8.116	7.742	7.177
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	8.116	7.742	7.177
TOTAL	8.424	8.053	7.534

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	0.000	0.000	0.000
	Other Income	0.661	0.842	0.433
	TOTAL	0.661	0.842	0.433
Less	EXPENSES
	Other expenses	0.113	0.134	0.080
	TOTAL	0.113	0.134	0.080
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	0.548	0.708	0.353
Less/ Add	DEPRECIATION/ AMORTISATION	0.004	0.004	0.005
	PROFIT/ (LOSS) BEFORE TAX	0.544	0.704	0.348
Less	TAX	0.170	0.185	0.111
	PROFIT/ (LOSS) AFTER TAX	0.374	0.519	0.237
	Earnings / (Loss) Per Share (Rs.)	62.35	86.60	39.56

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2011
Return on Total Assets (PBT/Total Assets}	(%)	6.46	8.74	4.62
Return on Investment (ROI) (PBT/Networth)		0.07	0.09	0.05
Current Ratio (Current Asset/Current Liability)		405.80	351.91	358.85

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.600	0.600	0.600
Reserves & Surplus	6.855	7.374	7.748
Net worth	7.455	7.974	8.348
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR ON YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	0.433	0.842	0.661
		94.457	(21.496)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Total Income	0.433	0.842	0.661
Profit	0.237	0.519	0.374
	54.73%	61.64%	56.58%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	No
24]	Banking facility details	No
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	No

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Plant
• Building
• Plant and Equipment
• Office Equipment

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.61.75
UK Pound	1	Rs.93.13
Euro	1	Rs.70.02

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	ART

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	-
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	-
--PROFITABILITY	1~10	2
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	2
--RESERVES	1~10	-
--CREDIT LINES	1~10	-
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		11

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	--

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.