MIRA INFORM REPORT

Report No. :	309326
Report Date :	25.02.2015

IDENTIFICATION DETAILS

Name :	XOMOX SANMAR LIMITED
Registered Office :	9, Cathedral Road, Chennai – 600086, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	01.05.2001
Com. Reg. No.:	18-047056
Capital Investment / Paid-up Capital :	Rs. 8.475 Millions
CIN No.: [Company Identification No.]	U28999TN2001PLC047056
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CHEX03009G
PAN No.: [Permanent Account No.]	AAACX0247K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Industrial Valves.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (65)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having good track record. Financial position of the company is sound. Fundamentals of the company are healthy. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. The company can be considered normal 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

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.

INFORMATION DENIED

Management non-cooperative (Tel No.: 91-44-28128400)

LOCATIONS

Registered Office :	9, Cathedral Road, Chennai – 600086, Tamilnadu, India
Tel. No.:	91-44-28128400/ 28128722
Fax No.:	91-44-28113166/28112627
E-Mail :	snn@sanmargroup.com
Website :	www.sanmargroup.com
Factory :	88/1, Vadugapatti Village, Viralimalai – 621316, Pudukkottai, Tamilnadu, India
Tel. No.:	91-4339-220252
Fax No.:	91-4339-220371
Sales Offices :	Karapakkam Jamnagar Kolkata Mumbai New Delhi Pune Vadodara Surat Vizag

DIRECTORS

AS ON 25.09.2014

Name :

S Shankaran

Designation :

Director

Address :

2/1, IV Street, Balaji Nagar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

07.05.1954

Date of Appointment :

01.04.2004

DIN No.:

00009172

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	U63090TN1994PLC028616	SANMAR SHIPPING LIMITED	Director	14/05/2003	14/05/2003	31/03/2008	Active	NO
2	U24117TN1989PLC018211	SANMAR PERFORMANCE CHEMICALS AND RESEARCH SERVICES LIMITED	Director	14/05/2003	14/05/2003	-	Dissolved	NO
3	U24231TN1989PLC054653	BANGALORE GENEI LIMITED	Director	09/12/2003	09/12/2003	-	Dissolved	NO
4	U33111TN1980PLC008499	BS & B SAFETY SYSTEMS (INDIA) LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
5	U93090TN1985PLC024245	Emerson Process Management Chennai Limited	Director	01/04/2004	01/04/2004	31/03/2011	Active	NO
6	U33111TN1987PTC014841	ASCO NUMATICS (INDIA) Private LIMITED	Director	01/04/2004	01/04/2004	31/07/2008	Active	NO
7	U18209TN1987PLC014838	FLOWSERVE SANMAR LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
8	U51909TN1998PLC041556	TYCO SANMAR LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
9	U28999TN2001PLC047056	XOMOX SANMAR LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
10	U33112TN1983PLC009911	SANMAR FOUNDRIES LIMITED	Director	01/04/2004	01/04/2004	-	Active	NO
11	U24111TN1985PLC055699	INTEC POLYMERS LIMITED	Director	26/07/2004	26/07/2004	-	Dissolved	NO
12	U24299TN1982PLC009443	SANMAR SPECIALITY CHEMICALS LIMITED	Director	18/05/2005	18/05/2005	-	Active	NO
13	U65993TN1995PLC030445	SANMAR ENGINEERING SERVICES LIMITED	Director	02/07/2007	30/09/2006	-	Active	NO
14	U24119TN2002PLC048677	SANMAR GROUP INTERNATIONAL LIMITED	Director	18/10/2006	18/10/2006	01/04/2008	Active	NO
15	U27310TN2007PLC063323	JKM Ferrotech Limited	Director	30/04/2007	30/04/2007	01/06/2011	Active	NO
16	U29199TN2001PLC047307	SANMAR CONSOLIDATIONS LIMITED	Director	12/09/2008	01/04/2008	26/05/2012	Active	NO
17	U93090TN1996PLC034761	CABOT SANMAR LIMITED	Director	10/07/2009	01/04/2008	-	Active	NO
18	U74210TN1996PLC034870	SANMAR ENGINEERING TECHNOLOGIES LIMITED	Director	26/09/2011	30/04/2011	26/05/2012	Active	NO
19	U65991TN1990PLC019237	SHL SECURITIES (ALPHA) LIMITED	Additional director	02/04/2012	04/10/2011	10/04/2012	Active	NO
20	U73100TN2002NPL050076	SHL RESEARCH FOUNDATION	Director	24/09/2013	22/03/2013	13/03/2014	Active	NO

Name :

Dale John Friemoth

Designation :

Director

Address :

379, E. Love Land Ave Lov Land Ave Loveland Chic 45140, USA

Date of Birth/Age :

09.03.1958

Date of Appointment :

28.09.2007

DIN No.:

01549349

Name :

Mark John Tucker

Designation :

Director

Address :

2, Timbers Walk Maiden Head, SL64QL

Date of Birth/Age :

23.04.1962

Date of Appointment :

27.06.2011

DIN No.:

03500646

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	U29120PN1990PTC056417	CRANE PROCESS FLOW TECHNOLOGIES (INDIA) Private Limited	Managing director	22/03/2011	22/03/2011	31/01/2015	Active	NO
2	U28999TN2001PLC047056	XOMOX SANMAR LIMITED	Director	25/09/2013	27/06/2011	23/12/2014	Active	NO

Name :

B Natraj

Designation :

Managing Director

Address :

Flat NO. 1A, Seasons 19 Ganapathy Colony, 1^st Street Teynampet, Chennai – 600018, Tamilnadu, India

Date of Birth/Age :

01.10.1946

Date of Appointment :

01.10.2011

DIN No.:

00022038

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	U33111TN1987PTC014841	ASCO NUMATICS (INDIA) Private LIMITED	Director	15/06/2007	28/12/2005	31/07/2008	Active	NO
2	U30006TN1996PLC034869	SANMAR ENGINEERING SERVICES LIMITED	Director	28/12/2005	28/12/2005	30/03/2007	Amalgamated	NO
3	U31404TN1990PTC019244	VISHAY TRANSDUCERS INDIA Private Limited	Director	02/07/2007	28/12/2005	01/07/2008	Active	NO
4	U93090TN1985PLC024245	Emerson Process Management Chennai Limited	Director	28/12/2005	28/12/2005	31/03/2008	Active	NO
5	U18209TN1987PLC014838	FLOWSERVE SANMAR LIMITED	Director	25/09/2013	28/12/2005	-	Active	NO
6	U33112TN1983PLC009911	SANMAR FOUNDRIES LIMITED	Director	25/09/2013	28/12/2005	-	Active	NO
7	U33111TN1980PLC008499	BS & B SAFETY SYSTEMS (INDIA) LIMITED	Director	14/09/2012	28/12/2005	-	Active	NO
8	U28999TN2001PLC047056	XOMOX SANMAR LIMITED	Managing director	01/10/2011	28/12/2005	-	Active	NO
9	U63090TN1994PLC028616	SANMAR SHIPPING LIMITED	Director	02/01/2006	02/01/2006	01/04/2008	Active	NO
10	U24230TN1985PLC011637	CHEMPLAST SANMAR LIMITED	Director	18/11/2013	16/01/2006	-	Active	NO
11	U93090TN1996PLC034761	CABOT SANMAR LIMITED	Director	31/07/2013	20/01/2006	-	Active	NO
12	U24299TN1982PLC009443	SANMAR SPECIALITY CHEMICALS LIMITED	Director	31/07/2013	06/02/2006	-	Active	NO
13	U29199TN2001PLC047307	SANMAR CONSOLIDATIONS LIMITED	Director	29/09/2012	06/02/2006	-	Active	NO
14	U65993TN1995PLC030445	SANMAR ENGINEERING SERVICES LIMITED	Director	28/09/2012	30/09/2006	-	Active	NO
15	U24119TN2002PLC048677	SANMAR GROUP INTERNATIONAL LIMITED	Director	18/10/2006	18/10/2006	01/04/2008	Active	NO
16	U27310TN2007PLC063323	JKM Ferrotech Limited	Director	30/04/2007	30/04/2007	07/11/2008	Active	NO
17	U74210TN1996PLC034870	SANMAR ENGINEERING TECHNOLOGIES LIMITED	Director	29/09/2012	01/11/2011	-	Active	NO
18	U51909TN1998PLC041556	TYCO SANMAR LIMITED	Director	25/09/2014	23/12/2011	-	Active	NO
19	U65991TN1921NPL001337	CHENNAI WILLINGDON CORPORATE FOUNDATION	Director	18/09/2012	18/09/2012	-	Active	NO
20	U45201TN1999PLC043396	SHL PROPERTY HOLDINGS LIMITED	Director	19/09/2014	20/03/2013	-	Active	NO

Name :

B Visweswaran

Designation :

Director

Address :

D1 and D2, Swarup Heritage, Poes Garden, Chennai – 600086, Tamilnadu, India

Date of Birth/Age :

13.06.1973

Date of Appointment :

25.09.2014

DIN No.:

02040330

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	U72900TN2008PTC067380	WYSINE TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2009	16/04/2008	31/01/2010	Active	NO
2	U72900KA2006PTC040198	AMPLEBIT TECHNOLOGIES PRIVATE LIMITED	Nominee director	15/12/2008	15/12/2008	01/01/2010	Active	NO
3	U74210TN1996PLC034870	SANMAR ENGINEERING TECHNOLOGIES LIMITED	Director	29/09/2012	26/03/2012	-	Active	NO
4	U65993TN1995PLC030445	SANMAR ENGINEERING SERVICES LIMITED	Director	28/09/2012	26/03/2012	10/10/2013	Active	NO
5	U18209TN1987PLC014838	FLOWSERVE SANMAR LIMITED	Director	25/09/2013	26/03/2012	-	Active	NO
6	U33111TN1980PLC008499	BS & B SAFETY SYSTEMS (INDIA) LIMITED	Director	14/09/2012	26/03/2012	-	Active	NO
7	U33112TN1983PLC009911	SANMAR FOUNDRIES LIMITED	Whole-time director	01/04/2012	26/03/2012	-	Active	NO
8	U28999TN2001PLC047056	XOMOX SANMAR LIMITED	Director	25/09/2014	21/12/2012	-	Active	NO

Name :

Brain Patrick Sweeney

Designation :

Director

Address :

Fox Run Wilton CT 06897 USA

Date of Birth/Age :

26.12.1966

Date of Appointment :

22.03.2012

DIN No.:

06550215

Name :

David Jones

Designation :

Director

Address :

4 Clos Dwrerw Caerphilly CF 831 TE, GB

Date of Birth/Age:

05.08.1969

Date of Appointment :

22.03.2013

DIN No.:

02516099

Name :

M N Radhakrishnan

Designation :

Director

Address :

12 Besant Avenue Adyar, Chennai – 600020, Tamilnadu, India

DIN No.:

00011091

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	U33111TN1987PTC014841	ASCO NUMATICS (INDIA) Private LIMITED	Director	09/09/1987	09/09/1987	31/07/2008	Active	NO
2	U33111TN1980PLC008499	BS & B SAFETY SYSTEMS (INDIA) LIMITED	Director	30/06/1991	30/06/1991	-	Active	NO
3	U31404TN1990PTC019244	VISHAY TRANSDUCERS INDIA Private Limited	Director	22/02/1996	22/02/1996	01/07/2008	Active	NO
4	U28999TN2001PLC047056	XOMOX SANMAR LIMITED	Director	01/05/2001	01/05/2001	-	Active	NO
5	U29199TN2001PLC047307	SANMAR CONSOLIDATIONS LIMITED	Director	25/06/2001	25/06/2001	30/04/2011	Active	NO
6	U93090TN1985PLC024245	Emerson Process Management Chennai Limited	Director	01/09/2009	02/07/2001	31/03/2011	Active	NO
7	U30006TN1996PLC034869	SANMAR ENGINEERING SERVICES LIMITED	Director	18/04/2002	18/04/2002	30/03/2007	Amalgamated	NO
8	U18209TN1987PLC014838	FLOWSERVE SANMAR LIMITED	Managing director	01/10/2011	01/04/2004	-	Active	NO
9	U51909TN1998PLC041556	TYCO SANMAR LIMITED	Whole-time director	01/04/2004	01/04/2004	-	Active	NO
10	U63090TN1994PLC028616	SANMAR SHIPPING LIMITED	Director	30/05/2005	30/05/2005	31/03/2008	Active	NO
11	U24230TN1985PLC011637	CHEMPLAST SANMAR LIMITED	Director	08/06/2005	08/06/2005	-	Active	NO
12	U93090TN1996PLC034761	CABOT SANMAR LIMITED	Director	27/06/2005	27/06/2005	06/08/2011	Active	NO
13	U24299TN1982PLC009443	SANMAR SPECIALITY CHEMICALS LIMITED	Director	18/07/2005	18/07/2005	-	Active	NO
14	U65993TN1995PLC030445	SANMAR ENGINEERING SERVICES LIMITED	Director	02/07/2007	30/09/2006	10/10/2013	Active	NO
15	U27310TN2007PLC063323	JKM Ferrotech Limited	Director	30/04/2007	30/04/2007	01/06/2011	Active	NO
16	U33112TN1983PLC009911	SANMAR FOUNDRIES LIMITED	Director	28/07/2008	01/04/2008	-	Active	NO
17	U45201TN1999PLC043396	SHL PROPERTY HOLDINGS LIMITED	Director	22/09/2009	07/11/2008	-	Active	NO
18	U74210TN1996PLC034870	SANMAR ENGINEERING TECHNOLOGIES LIMITED	Director	26/09/2011	30/04/2011	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 25.09.2014

Names of Shareholders	No. of Shares
Sanmar Engineering Corporation Limited, Tamilnadu	431995
Xomox Corporation, USA	415500
N Sankar	1
Vijay Sankar	1
M N Radhakrishnan	1
S Sankaran	1
M Raman	1
Total	847500

AS ON 25.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	49.00
Bodies corporate	51.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Industrial Valves.
Products :	Not Available
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	Not Available

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management.

Bankers :

Corporation Bank, 101, Armenian Street, George Town, Chennai – 600001, Tamilnadu, India

Auditors :
Name :	B S R and Company Chartered Accountants
Address :	No. 10, Mahatma Gandhi Road, Numbambakkam, Chennai – 600034, India
PAN No.:	AAAFB9852F
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Xomox Corporation Sanmar Foundries Limited Chemplast Sanmar Limited Sanmar Engineering Services Limited Tyco Sanmar Limited Cabot Sanmar Limited Cathedral Corporate Finance

CAPITAL STRUCTURE

AS ON 25.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
890000	Equity Shares	Rs. 10/- each	Rs. 8.900 Millions
10000	Preference Shares	Rs. 10/- each	Rs. 0.100 Million
	Total		Rs. 9.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
847500	Equity Shares	Rs. 10/- each	Rs. 8.475 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	8.475	8.475	8.475
(b) Reserves & Surplus	522.979	489.654	464.778
(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)	531.454	498.129	473.253
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	46.461
(b) Deferred tax liabilities (Net)	0.380	0.000	1.110
(c) Other long term liabilities	41.590	5.183	39.209
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	41.970	5.183	86.780
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	99.580	108.844	129.939
(c) Other current liabilities	96.135	169.501	95.302
(d) Short-term provisions	184.786	215.970	185.233
Total Current Liabilities (4)	380.501	494.315	410.474
TOTAL	953.925	997.627	970.507
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	255.488	250.080	263.725
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.624	0.593	3.117
(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	6.160	0.000
(d) Long-term Loan and Advances	18.971	18.738	19.052
(e) Other Non-current assets	0.000	0.323	0.600
Total Non-Current Assets	275.083	275.894	286.494
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	142.748	162.233	153.622
(c) Trade receivables	305.991	359.974	455.125
(d) Cash and cash equivalents	117.291	124.099	26.389
(e) Short-term loans and advances	95.151	63.679	41.067
(f) Other current assets	17.661	11.748	7.810
Total Current Assets	678.842	721.733	684.013
TOTAL	953.925	997.627	970.507

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	1606.580	1345.822	1504.365
		Other Income	36.304	29.886	31.244
		TOTAL (A)	1642.884	1375.708	1535.609
Less	EXPENSES
		Cost of Materials Consumed	695.439	637.440	860.009
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	14.631	(29.567)	2.474
		Employees benefits expense	157.660	119.147	133.028
		Other expenses	245.980	240.116	204.990
		TOTAL (B)	1113.710	967.136	1200.501
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		529.174	408.572	335.108
Less	FINANCIAL EXPENSES (D)		7.310	16.420	24.153
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		521.864	392.152	310.955
Less/ Add	DEPRECIATION/ AMORTISATION (F)		34.150	39.217	37.922
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		487.714	352.935	273.033
Less	TAX (H)		161.887	112.897	88.758
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		325.827	240.038	184.275
	Earnings / (Loss) Per Share (Rs.)		384.46	283.23	217.43

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin PAT / Sales	(%)	20.28	17.83	12.25
Operating Profit Margin (PBDIT/Sales)	(%)	32.94	30.36	22.28
Return on Total Assets (PBT/Total Assets}	(%)	51.16	35.62	28.22
Return on Investment (ROI) (PBT/Networth)		0.92	0.71	0.58
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.10
Current Ratio (Current Asset/Current Liability)		1.78	1.46	1.67

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	8.475	8.475	8.475
Reserves & Surplus	464.778	489.654	522.979
Net worth	473.253	498.129	531.454
long-term borrowings	46.461	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	46.461	0.000	0.000
Debt/Equity ratio	0.098	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)
Sales	1504.365	1345.822	1606.580
		(10.539)	19.375

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Sales	1504.365	1345.822	1606.580
Profit	184.275	240.038	325.827
	12.25%	17.84%	20.28%

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	Yes
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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10495418	21/03/2014	360,000,000.00	ING VYSYA BANK LIMITED	185 ANNA SALAI, CHENNAI, Tamil Nadu - 600006, INDIA	C04299301
2	10040302	26/11/2011 *	360,000,000.00	Corporation Bank	101 Armenian Street, George Town, Chennai, Tamil Nadu - 600001, INDIA	B28040665
3	90301195	26/09/2003	120,000,000.00	PUNJAB NATIONAL BANK	6; NUNGAMBKKAM HIGH ROAD, MADRAS, Tamil Nadu - 600034, INDIA	-

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Furniture and Fixture
• Vehicles
• Office Equipments

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. 62.28
UK Pound	1	Rs. 96.21
Euro	1	Rs. 70.60

INFORMATION DETAILS

Information Gathered by :	HNA
Analysis Done by :	DIV
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--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		65

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.