MIRA INFORM REPORT

Report Date :

01.01.2015

IDENTIFICATION DETAILS

Name :	COLOUR PACKS PRIVATE LIMITED
Registered Office :	71, Virwani Industrial Estate, Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	27.07.1979
Com. Reg. No.:	11-021506
Capital Investment / Paid-up Capital :	Rs. 1.000 Million
CIN No.: [Company Identification No.]	U74950MH1979PTC021506
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturers, Exporters and Importers of Paper and Allied Packaging Products.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (28)

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

Maximum Credit Limit :	USD 26000
Status :	Moderate
Payment Behaviour :	Slow but Correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk profile marked low profitability margins and leverage capital structure of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some caution.

NOTES :

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

ECGC Country Risk Classification List – 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

NOT AVAILABLE

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 PARTED BY

Name :	Mrs. Varsha Agarwal
Designation :	Director
Contact No.:	91-22-29271287
Date :	30.12.2014

LOCATIONS

Registered Office :	71, Virwani Industrial Estate, Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India
Tel. No.:	91-22-29271287/ 29271288
Mobile No.:	91-9820043584 (Mr. Umesh)
Fax No.:	91-29271324/ 28741327
E-Mail :	colpack@vsnl.com
Factory :	Plot No -302, Godbandar Village Road, Near SS Clutch Factory, Post Office Mira, Thane – 401104, Maharashtra, India

DIRECTORS

AS ON 30.09.2014

Name :

Mr. Umesh Kailashchandra Lohia

Designation :

Director

Address :

A-2/ 3, Maurya Apartments, Raheja Township, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

18.09.1973

Date of Appointment :

28.09.2001

DIN No.:

00451804

Name :

Mr. Varsha Deepak Agrawal

Designation :

Director

Address :

A 102, Mukatngan, Kailashpuri Road, Upper Govind Nagar, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

15.01.1976

Date of Appointment :

30.09.2009

DIN No.:

02795466

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	Company/ LLP Status	Defaulting status
1	U74950MH1979PTC021506	COLOUR PACKS PRIVATE LIMITED	Director	30-09-09	10-08-09	Active	NO
2	U51900MH1987PTC043476	JUPITER OVERSEAS PRIVATE LIMITED	Director	30-09-09	10-08-09	Active	YES

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares	% of Age
Mr. Umesh Kailashchandra Lohia	8350	83.50
Mr. K. C. Lohia HUF	1650	16.50
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers, Exporters and Importers of Paper and Allied Packaging Products
Products :	v Paper v Allied Packaging Products
Brand Names :	Not Divulged
Agencies Held :	Not Available
Exports :
Products :	Finished Good
Countries :	v Nepal
Imports :
Products :	Raw Material
Countries :	v Japan v Germany
Terms :
Selling :	Cash and Credit (30 Days)
Purchasing :	Cash and Credit (30 Days)

GENERAL INFORMATION

Suppliers :

Reference :	T.K. Ruby – Mumbai, Maharashtra, India
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 :

Wholesalers, Retailers and Manufacturer

Reference :	Deejay Distelleries, Mumbai, Maharashtra, India
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 :

40 ( Approximately)

Bankers :

Banker Name	Bank of Baroda
Branch Address	Khetwadi Branch, 213, Shah Mansion, Khetwadi Main Road, Mumbai – 400004, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

SECURED LOANS	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
SHORT TERM BORROWINGS
Bank Overdraft	5.230	6.064
Kotak Mahindra Primus
Total	5.230	6.064

Auditors :
Name :	Dushyant Parekh and Associates Chartered Accountants
Address :	204, Anjani Complex, 2nd Floor, Pareira Hill Road, Opposite Gurunanak Petrol Pump, Andheri (East) Mumbai – 400099, Maharashtra, India
PAN No.:	AAAPP8316Q
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 100/- each	Rs. 1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value		Amount
10000	Equity Shares	Rs. 100/- each	Rs. 1.000 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	1.000	1.000	1.000
(b) Reserves & Surplus	8.319	8.226	8.020
(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)	9.319	9.226	9.020
(3) Non-Current Liabilities
(a) long-term borrowings	23.927	16.032	14.205
(b) Deferred tax liabilities (Net)	0.546	0.546	0.546
(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)	24.473	16.578	14.751
(4) Current Liabilities
(a) Short term borrowings	5.230	6.064	6.202
(b) Trade payables	3.211	3.172	8.247
(c) Other current liabilities	3.790	6.831	8.491
(d) Short-term provisions	0.592	0.331	0.331
Total Current Liabilities (4)	12.823	16.398	23.271
TOTAL	46.615	42.202	47.042
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	17.348	16.823	18.846
(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	0.085	0.085	0.085
(c) Deferred tax assets (net)	0.070	0.070	0.070
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	17.503	16.978	19.001
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	10.138	7.442	7.717
(c) Trade receivables	16.736	14.846	18.119
(d) Cash and cash equivalents	0.334	0.298	0.192
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	1.904	2.638	2.013
Total Current Assets	29.112	25.224	28.041
TOTAL	46.615	42.202	47.042

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		TOTAL INCOME	37.479	36.796	36.554
Less	EXPENSES
		TOTAL	37.126	36.590	39.600
	PROFIT / LOSS BEFORE TAX		0.353	0.206	(3.046)
Less	TAX		0.260	0.000	0.000
	PROFIT / LOSS AFTER TAX		0.093	0.206	(3.046)
	Earnings Per Share (Rs.)		9.30	20.60	(304.60)

Expected Sales (2014-15) : Rs. 35.000 Millions

The above information has been parted by Mrs. Varsha Agarwal.

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/ Total Income)	(%)	0.25	0.56	(8.33)
Operating Profit Margin (PBITD/Sales)	(%)	0.94	0.56	(8.33)
Return on Total Assets (PBT/Total Assets}	(%)	0.20	0.49	(6.50)
Return on Investment (ROI) (PBT/Networth)		0.01	0.02	(0.34)
Debt Equity Ratio (Total Debt /Networth)		3.13	2.39	2.26
Current Ratio (Current Asset/Current Liability)		2.27	1.54	1.20

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	1.000	1.000	1.000
Reserves & Surplus	8.020	8.226	8.319
Net worth	9.020	9.226	9.319
long-term borrowings	14.205	16.032	23.927
Short term borrowings	6.202	6.064	5.230
Total borrowings	20.407	22.096	29.157
Debt/Equity ratio	2.262	2.395	3.129

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	36.554	36.796	37.479
		0.662	1.856

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	36.554	36.796	37.479
Profit	(3.046)	0.206	0.093
	(8.33%)	0.56%	0.25%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
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

UNSECURED LOAN

(Rs. In Million)

PARTICULAR	31.03.2014 (Rs. In Millions)	31.03.2013 (Rs. In Millions)
LONG TERM BORROWINGS
Loans From Director / Relatives	23.927	16.032
Total	23.927	16.032

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	90187019	07/03/2007 *	6,500,000.00	BANK OF BARODA	KHETWADI BRANCH, 213, SHAH MANSION,, KHETWADI MAI  N ROAD,, MUMBAI, Maharashtra - 400004, INDIA	A30883748
2	90185114	07/03/2007 *	6,500,000.00	BANK OF BARODA	KHETWADI BRANCH, 213, SHAH MANSION,, KHETWADI MAI  N ROAD,, MUMBAI, Maharashtra - 400004, INDIA	A30883771

* Date of charge modification

FIXED ASSETS

· Air Conditioner

· Air Turbo Ventilator

· Cellular Phones

· Computers

· Control Panels, Ms Frame and Servo Drive

· Electric Installations

· Factory Building

· Fax Machine

· Fire Extinguisher

· Furniture and Fixtures

· Flat at Kashimira

· Lable Cutting and Glueing Machine

· Land at Kashimira

· Motor Car – Maruti Swift

· Motor Car Tata Indica Turbo

· Motor Car Toyato Inovo

· Motor Car Mahindra Scorpio

· Motor Car Tata Indica Vista

· Office Equipments

· Plant and Machineries

· Plastic Straping Machine

· Scooter

· Software Tally 9

· TDS Software

· Tempo 10.90

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.63.33
UK Pound	1	Rs.98.58
Euro	1	Rs.77.00

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	KRN
Report Prepared by :	ANU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		28

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.