MIRA INFORM REPORT

Report No. :	302934
Report Date :	16.01.2015

IDENTIFICATION DETAILS

Name :	VINAR SYSTEMS PRIVATE LIMITED (w.e.f. 30.03.2001)
Formerly Known As :	VINAR SYSTEMS LIMITED (w.e.f. 15.09.1988) VINAR SYSTEMS PRIVATE LIMITED
Registered Office :	9C Lord Sinha Road, 1^st Floor, Kolkata - 700071 ,West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.01.1972
Com. Reg. No.:	21-028222
Capital Investment / Paid-up Capital :	Rs. 34.407 Millions
CIN No.: [Company Identification No.]	U29192WB1972PTC028222
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 :	Manufacturer of Conveyor Systems.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (53)

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

Maximum Credit Limit :	USD 1200000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – 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	CRISIL
Rating	Long term rating = BBB+
Rating Explanation	Have moderate degree of safety and carry moderate credit risk.
Date	December 6, 2013

Rating Agency Name	CRISIL
Rating	Short term rating = A2+
Rating Explanation	Have strong degree of safety and carry low credit risk.
Date	December 6, 2013

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 :	9C Lord Sinha Road, 1^st Floor, Kolkata - 700071,West Bengal, India
Tel. No.:	91-33-30575001/2/22823661/3662/3775/5424/3400
Fax No.:	91-33-22823171
E-Mail :	vinar_accts@vinar.in
Website :	naresh_sharma@vinar.in
Head Office :	5 A, Lord Sinha Road, Kolkata, 700071, West Bengal, India
Factory :	Located At: Howrah Behala Jangalpur

DIRECTORS

As on 31.03.2014

Name :

Mr. Vinod Kumar Lohia

Designation :

Whole-time director

Address :

BE-15 Salt Lake City Sector-I, 1^st Avenue, Kolkata – 700064, West Bengal, India

Date of Birth/Age :

20.10.1941

Date of Appointment :

11.04.1998

DIN No.:

00089061

PAN No.:

AAUPL9538J

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	U01117WB1990PTC050402	VINAR INTERNATIONAL PRIVATE LIMITED	Director	17/12/1990	17/12/1990	-	Active	NO
2	U29192WB1972PTC028222	VINAR SYSTEMS PRIVATE LIMITED	Whole-time director	11/04/1998	11/04/1998	-	Active	NO
3	U70101WB1998PTC087985	SOMNATH ENCLAVE PRIVATE LIMITED	Director	19/06/2004	19/06/2004	-	Active	NO

Name :

Mr. Gautam Nevatia

Designation :

Director

Address :

15 Alipore Road, Kolkata – 700027, West Bengal, India

Date of Birth/Age :

03.01.1968

Date of Appointment :

01.10.2002

DIN No.:

00086108

PAN No.:

ACBPN3616J

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	U01117WB1990PTC050402	VINAR INTERNATIONAL PRIVATE LIMITED	Director	17/12/1990	17/12/1990	-	Active	NO
2	U31909KA1994PTC015126	WEVIN PRIVATE LIMITED	Director	17/01/1994	17/01/1994	-	Active	NO
3	U72900WB2000PTC091687	IUVANT TECHNOLOGY PRIVATE LIMITED	Director	13/04/2000	13/04/2000	-	Amalgamated	NO
4	U41000WB1973PTC028730	VINAR CONVEYOR PRIVATE LIMITED	Director	08/07/2000	08/07/2000	-	Active	NO
5	U29192WB1972PTC028222	VINAR SYSTEMS PRIVATE LIMITED	Director	01/10/2002	01/10/2002	-	Active	NO
6	U72200KA2004PTC033430	WEVIN TECHNOLOGY CENTRE PRIVATE LIMITED	Director	24/02/2004	24/02/2004	-	Active	NO
7	U70101WB1998PTC087985	SOMNATH ENCLAVE PRIVATE LIMITED	Director	19/06/2004	19/06/2004	-	Active	NO
8	U28931KA2006PTC040320	ForgePro India Private Limited	Director	28/08/2006	28/08/2006	29/11/2012	Active	NO

Name :

Mr. Pradeep Kumar Singhi

Designation :

Director

Address :

130 Regebt Park Tollygunge, Kolkata-700040, West Bengal, India

Date of Birth/Age :

10.09.1956

Date of Appointment :

22.09.1990

DIN No.:

00067296

PAN No.:

AMQPS7957Q

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	U74140WB1986PTC041300	SINGHI MANAGEMENT & FINANCIAL CONSULTANTS PVT LTD	Director	19/09/1986	19/09/1986	-	Amalgamated	NO
2	U01409WB1987PLC042144	SHREE VARDHAN LTD	Director	22/09/1990	22/09/1990	-	Active	NO
3	U29192WB1972PTC028222	VINAR SYSTEMS PRIVATE LIMITED	Director	22/09/1990	22/09/1990	-	Active	NO
4	U51909WB1993PTC060876	WATERLOO EXPORTS PVT LTD	Director	28/02/1994	28/02/1994	-	Active	NO
5	U51909WB1996PTC079237	HIRISE AGENCIES PVT.LTD.	Director	18/02/1997	18/02/1997	-	Under Process of Striking off	NO
6	L15421WB1933PLC023070	New India Retailing & Investment Limited	Director	17/06/1997	17/06/1997	14/05/2012	Active	NO
7	U65922WB1988PLC044915	P S GROUP REALTY LIMITED	Director	20/03/2007	20/03/2007	-	Active	NO
8	U74140WB2007PTC117859	SMFC ADVISORY SERVICES PRIVATE LIMITED	Director	16/08/2007	16/08/2007	-	Active	NO
9	U70102WB2004PLC099019	UNITED CREDIT AND DEVELOPMENT CO LIMITED	Director	21/06/2008	20/08/2007	06/11/2012	Active	NO
10	U51109WB2007PTC118264	KRIISHNAV COMMERCIAL PRIVATE LIMITED	Director	31/08/2007	31/08/2007	-	Active	NO
11	U74100DL1972PLC006062	DHARAM PAL PREM CHAND LTD	Director	30/09/2009	13/02/2009	-	Active	NO
12	L17112WB1972PLC028631	J J EXPORTERS LTD	Director	30/07/2009	30/07/2009	15/11/2013	Active	NO
13	U51109WB2007PTC114817	AVIKAR TRADECOM PRIVATE LIMITED	Additional director	21/10/2009	21/10/2009	-	Active	NO
14	U51109WB2007PTC113621	JAGDAMBA TRADECOM PRIVATE LIMITED	Director	02/04/2010	02/04/2010	-	Active	NO
15	U45400WB2010PTC146860	SIDDHASHILA APARTMENT PRIVATE LIMITED	Director	06/05/2010	06/05/2010	-	Active	NO
16	U74140WB2010PTC154772	BAKER TILLY SINGHI CONSULTANTS PRIVATE LIMITED	Director	19/11/2010	19/11/2010	-	Active	NO
17	U92200WB2009PTC131914	EKDIN MEDIA PRIVATE LIMITED	Director	09/01/2012	09/01/2012	-	Active	NO
18	L15421UP1932PLC025141	UPPER GANGES SUGAR AND INDUSTRIES LIMITED	Director	18/09/2014	30/04/2012	-	Active	NO
19	AAB-9444	BAKER TILLY SINGHI ADVISORS LLP	Designated Partner	18/12/2013	18/12/2013	-	Active	NO

Name :

Mr. Haigreve Khaitan

Designation :

Director

Address :

B -130, rai enclave, 7/1A, Sunny Park, Kolkata-700019, West Bengal, India

Date of Birth/Age :

13.07.1970

Date of Appointment :

01.08.1994

DIN No.:

00005290

PAN No.:

AEVPK7531H

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	U29192WB1972PTC028222	VINAR SYSTEMS PRIVATE LIMITED	Director	01/08/1994	01/08/1994	-	Active	NO
2	L01119KL1978PLC002947	HARRISONS MALAYALAM LTD	Director	01/10/2014	14/03/1995	-	Active	NO
3	L29130WB1946PLC013643	NATIONAL ENGG.INDUSTRIES LTD	Director	05/02/1998	05/02/1998	29/09/2014	Active	NO
4	L25100MH1958PLC011041	CEAT LIMITED	Director	26/09/2014	29/07/1999	-	Active	NO
5	L25209WB1997PLC085972	XPRO INDIA LIMITED	Director	31/07/2014	13/10/1999	-	Active	NO
6	U13202TZ1960PLC000372	THE MADRAS ALUMINIUM COMPANY LIMITED	Director	28/08/2000	28/08/2000	20/07/2011	Amalgamated	NO
7	U74140DL1970PLC005314	KHAITAN CONSULTANTS LIMITED	Director	08/02/2001	08/02/2001	-	Not Available for eFiling	NO
8	L26100GJ1988PLC011663	GUJARAT BOROSIL LIMITED	Director	30/01/2002	30/01/2002	15/01/2009	Active	NO
9	L31300DN2000PLC000340	STERLITE TECHNOLOGIES LIMITED	Director	30/07/2003	30/07/2003	30/09/2014	Active	NO
10	L15492WB1916PLC002697	Dhunseri Petrochem Limited	Director	23/09/2003	23/09/2003	03/07/2010	Active	NO
11	L21010GJ1991PLC019432	SHREE RAMA NEWSPRINT LIMITED	Director	19/09/2008	09/01/2004	05/04/2012	Active	NO
12	U65999MH2002PTC134398	BTS INVESTMENT ADVISORS PRIVATE LIMITED	Director	03/02/2004	03/02/2004	15/11/2011	Active	NO
13	U72900WB2004PTC098938	NEOWORTH PRIVATE LIMITED	Director	27/07/2004	27/07/2004	31/07/2007	Amalgamated	NO
14	U72200WB2004PTC100314	LEGAL OUTSOURCING PRIVATE LIMITED	Director	28/12/2004	28/12/2004	20/12/2011	Active	NO
15	U51909WB2004PTC100164	HIGH GROWTH DISTRIBUTORS PRIVATE LIMITED	Director	28/12/2004	28/12/2004	20/12/2011	Active	NO
16	U51909WB2004PTC100166	HITECH DEALERS PRIVATE LIMITED	Director	28/12/2004	28/12/2004	20/12/2011	Active	NO
17	U51102WB1996PTC081772	SARVASIDDHI COMMERCIALS PRIVATE LIMITED	Director	28/01/2005	28/01/2005	20/12/2011	Active	NO
18	L21300WB1973PLC028854	INTERNATIONAL CONVEYORS LTD.	Director	23/04/2005	23/04/2005	29/10/2007	Active	NO
19	U34103MP2005PLC017319	AVTEC LIMITED	Director	23/06/2014	28/06/2005	-	Active	NO
20	U72300DL1999PTC100368	TECTURA INFOTECH PRIVATE LIMITED.	Director	12/12/2005	12/12/2005	22/03/2007	Active	NO
21	L15432UP1932PLC025186	THE OUDH SUGAR MILLS LIMITED	Director	17/01/2006	17/01/2006	30/11/2012	Active	NO
22	U48985WB1992PLC095301	GREAT EASTERN ENERGY CORPORATION LIMITED	Director	06/02/2006	06/02/2006	-	Active	NO
23	L17120MH1946PLC005227	NRC LIMITED	Director	24/07/2006	24/07/2006	30/07/2007	Active	NO
24	U51900WB2006PTC109716	CHARAIVETI VYAPAAR PRIVATE LIMITED	Director	09/08/2006	09/08/2006	17/12/2008	Amalgamated	NO
25	L29120MH1964PLC012955	HINDUSTAN COMPOSITES LIMITED	Alternate director	29/10/2009	04/09/2006	07/09/2010	Active	NO
26	L22210MH1987PLC044505	TCPL Packaging Limited	Additional director	29/06/2007	29/06/2007	27/05/2010	Active	NO
27	U22120MH1913PLC000391	BENNETT COLEMAN AND COMPANY LIMITED	Director	27/07/2010	14/09/2007	12/08/2011	Active	NO
28	L92199GJ1999PLC044045	INOX LEISURE LIMITED	Director	10/09/2014	22/10/2007	-	Active	NO
29	U72200MH1997PTC248097	Worldline India Private Limited	Alternate director	16/01/2008	16/01/2008	10/04/2008	Active	NO
30	U99999MH2000PTC128067	TIARA COMTRADE PRIVATE LIMITED	Director	17/09/2008	31/03/2008	20/12/2011	Active	NO
31	U51100MH2000PTC129530	XANTI COMMERCIAL PRIVATE LIMITED	Director	22/09/2008	31/03/2008	20/12/2011	Active	NO
32	U33100MH1986PTC221693	MILLIPORE (INDIA) PRIVATE LIMITED	Director	18/05/2009	09/09/2008	20/11/2009	Active	NO
33	L27105HR1979PLC009913	JINDAL STEEL AND POWER LIMITED	Director	30/07/2014	14/01/2009	-	Active	NO
34	L01110MH2006PLC161345	BAJAJ CORP LIMITED	Director	01/08/2014	04/02/2010	30/09/2014	Active	NO
35	L27106MH1984PLC238266	JSW ISPAT STEEL LIMITED	Director	21/12/2011	13/01/2011	-	Amalgamated	NO
36	L26940OR2011PLC013933	Orient Cement Limited	Additional director	23/07/2011	23/07/2011	25/06/2012	Active	NO
37	L24230GJ1972PLC002126	TORRENT PHARMACEUTICALS LTD	Director	30/07/2014	23/01/2012	-	Active	NO
38	L02101KA1955PLC001936	THE WEST COAST PAPER MILLS LIMITED	Director	31/07/2012	29/05/2012	09/10/2013	Active	NO
39	L26942GJ1981PLC004717	AMBUJA CEMENTS LIMITED	Director	11/09/2014	27/07/2012	-	Active	NO
40	L64202MH2001PLC134147	Firstsource Solutions Limited	Director	06/08/2013	05/12/2012	19/09/2014	Active	NO
41	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Director	23/09/2013	06/08/2013	30/09/2014	Active	NO
42	U51909WB1943PLC011283	KARAM CHAND THAPAR & BROS (COAL SALES ) LTD	Director	26/09/2014	27/11/2013	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.08.2014

Names of Shareholders	No. of Shares	Percentage
Mr. Arun Kumar Nevatia	89064	26.16
Mr. Sushila Nevatia	79078	23.23
Vinar Conveyors Private Limited, India	504	0.15
Mr. Gautam Nevatia	161805	47.52
Mr. Gautam Nevatia	50	0.01
Mr. Suniti Nevatia	9923	2.91
Mr. Gautam Nevatia	48	0.01
Total	340472	100.00

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Bodies corporate	0.15
Directors or relatives of Directors	99.85
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Conveyor Systems.
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 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 :	UCO Bank
Branch Address :	MCU, Kolkata Main Branch, 10, B. T. M. Sarani (Brabourne Road), Kolkata - 700001, West Bengal, India
Facilities :	Not Available
Person Name :	Not Available
Contact No.:	Not Available
Report :	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

Facilities :

(Rs. In Millions)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
Short Term Borrowing
Other loans and advances	38.967	25.433
Total	38.967	25.433

Auditors :
Name :	S. S. Kothari and Company Chartered Accountant
Address :	Centre Point 21, Old Court, House Street, Kolkata-700001
PAN No.:	AAMFS5710M
Memberships :	Not Available
Collaborators :	Not Available
Associates:	Vinar Conveyor Private Limited CIN No.: U41000WB1973PTC028730

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
340472	Equity Shares	Rs.100/- each	Rs.34.047 millions

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	34.047	34.047	34.047
(b) Reserves & Surplus	385.325	352.675	305.093
(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)	419.372	386.722	339.140
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.099
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	41.468	39.015	48.574
Total Non-current Liabilities (3)	41.468	39.015	48.673
(4) Current Liabilities
(a) Short term borrowings	75.771	60.256	105.339
(b) Trade payables	175.091	186.191	211.290
(c) Other current liabilities	144.231	216.486	204.448
(d) Short-term provisions	35.059	41.580	48.963
Total Current Liabilities (4)	430.152	504.513	570.040
TOTAL	890.992	930.250	957.853
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	43.257	42.817	46.867
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	6.396	5.160	4.013
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7.571	7.571	7.571
(c) Deferred tax assets (net)	0.732	0.770	1.820
(d) Long-term Loan and Advances	10.426	15.236	14.165
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	68.382	71.554	74.436
(2) Current assets
(a) Current investments	0.000	0.000	10.050
(b) Inventories	161.666	203.271	213.354
(c) Trade receivables	576.829	574.467	588.431
(d) Cash and cash equivalents	32.069	34.276	30.038
(e) Short-term loans and advances	18.366	16.625	20.549
(f) Other current assets	33.680	30.057	20.995
Total Current Assets	822.610	858.696	883.417
TOTAL	890.992	930.250	957.853

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Revenue	1722.208	1647.130
		Other Income	N.A	N.A
		TOTAL	N.A	N.A
Less	EXPENSES
		TOTAL	N.A	N.A
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		93.433	121.059	N.A
Less/ Add	DEPRECIATION/ AMORTISATION		9.336	8.572
	PROFIT BEFORE TAX		84.097	112.487
Less	TAX		27.545	37.020
	PROFIT AFTER TAX		56.552	75.467	78.688
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3.547	0.963	N.A
Less	APPROPRIATIONS
		Transfer to General Reserve	5.655	45.000	N.A
		Dividend	20.428	23.833	N.A
		Tax on Dividend	3.472	4.050	N.A
	BALANCE CARRIED TO THE B/S		30.544	3.547	N.A
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	16.879	66.407	N.A
		Other Earnings	6.616	1.166	N.A
	TOTAL EARNINGS		23.495	67.573	N.A
	Earnings Per Share (Rs.)		166.10	221.65	---

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.28	4.58	N.A
Return on Total Assets (PBT/Total Assets}	(%)	9.60	12.27	N.A
Return on Investment (ROI) (PBT/Networth)		0.20	0.29	N.A
Debt Equity Ratio (Total Debt /Networth)		0.18	0.16	0.31
Current Ratio (Current Asset/Current Liability)		1.91	1.70	1.55

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	34.047	34.047	34.047
Reserves & Surplus	305.093	352.675	385.325
Net worth	339.140	386.722	419.372
long-term borrowings	0.099	0.000	0.000
Short term borrowings	105.339	60.256	75.771
Total borrowings	105.438	60.256	75.771
Debt/Equity ratio	0.311	0.156	0.181

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Revenue	1647.130	1722.208
	0.000	4.558

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Millions)	(Rs. In Millions)
Revenue	1647.130	1722.208
Profit	75.467	56.552
	4.58%	3.28%

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	No
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	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	Yes

UNSECURED LOAN

(Rs. In Millions)

Particular	As on 31.03.2014	As on 31.03.2013
Short Term Borrowing
Loans and advances from directors	8.887	15.073
Loans and advances from others	27.917	19.750
Total	36.804	34.823

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10282385	19/04/2011	70,000,000.00	UCO BANK	MID CORPORAT BRANCH, 10, B. T.M. SARANI, KOLKATA, West Bengal - 700001, INDIA	B11513942
2	90345516	20/04/2012 *	480,000,000.00	UCO BANK	MCU, KOLKATA MAIN BRANCH, 10, B. T. M. SARANI (BR  ABOURNE ROAD), KOLKATA, West Bengal - 700001, INDIA	B38035861

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Factory equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• 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.94.01
Euro	1	Rs.72.63

INFORMATION DETAILS

Analysis Done by :	RSM
Report Prepared by :	JYTK

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	6
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		53

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.