MIRA INFORM REPORT

Report No. :	304257
Report Date :	27.01.2015

IDENTIFICATION DETAILS

Name :	DIVYALAKSHMI TEXTILES PRIVATE LIMITED
Registered Office :	36, Vadugarkottai Street, Aruppukottai, Virudhunagar - 626101, Tamilnadu
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	18.03.2005
Com. Reg. No.:	18-055700
Capital Investment / Paid-up Capital :	Rs. 80.905 Millions
CIN No.: [Company Identification No.]	U17112TN2005PTC055700
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAACD1718K
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Yarn and Fabrics.
No. of Employees :	Information declined by the management.

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 110000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. External borrowing of the company seems to be huge during 2014. However, trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings with some cautions.

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	ICRA
Rating	Term Loan Facilities = B-
Rating Explanation	Have high risk of default
Date	March 2014

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 :	36, Vadugarkottai Street, Aruppukottai, Virudhunagar - 626101, Tamilnadu, India
Tel. No.:	91-4566-240003/ 240921
Fax No.:	91-4566-240704
E-Mail :	geejeyaraman@yahoo.co.in
Administrative Office :	70, Alagai Nagar, Rajapalayam - 626117, Tamilnadu, India
E-Mail :	jayajothi@jayajothi.com
Factory 1 :	Survey No. 15/2A, B, C, 16/1A, 1B, 17/4, 17/5, Kulasekaranallur Village, Thiruchuli Road, Ramasamy Nagar, Aruppukottai - 626159, Tamilnadu, India
Godown :	Kulasekaranallur, Thiruchuli Road, Ramasamy Nagar Post, Aruppukottai-626159, Tamilnadu, India
Tel. No.:	91-4566-291669/ 240921
Fax No.:	91-4566-240704

DIRECTORS

AS ON 18.09.2014

Name :

Kannan Ramasamy Naicker

Designation :

Director

Address :

Flat No. 9, Gee Gee Castle, 186 Avvai Shanmugam Salai, Gopalapuram, Chennai - 600086, Tamilnadu, India

Date of Birth/Age :

09.08.1956

Date of Appointment :

18.03.2005

PAN No.:

AFJPK7422G

DIN No.:

00356817

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	U17111TN1951PLC002746	SHRI RAMALINGA MILLS LTD	Director	25/08/1978	25/08/1978	28/03/2014	Active	NO
2	U60201TN1979PTC007795	SRI VENKATACHALAPATHY TRANSPORTS PRIVATE LIMITED	Director	04/11/2011	16/04/1979	28/03/2012	Active	NO
3	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
4	U65191TN1980PTC008152	ARUPPUKOTTAI SRI JAYAVILAS FINANCE PRIVATE LIMITED	Director	01/03/1980	01/03/1980	-	Active	NO
5	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Whole-time director	25/06/2011	07/04/1981	-	Active	NO
6	U27104TN1982PTC009175	SREE JAYA VILAS MALLEABLE CASTINGS PRIVATE LIMITED	Director	18/01/1982	18/01/1982	05/10/2011	Active	NO
7	U27200TN1984PTC011013	ARUPPUKOTTAI SRI JAYAVILAS INVESTMENTS PRIVATE LIMITED	Director	12/07/1984	12/07/1984	-	Active	NO
8	U24294TN1985PTC011584	SRI JAYASAKTHI POLYMERS PRIVATE LIMITED	Director	21/02/1985	21/02/1985	05/10/2011	Active	NO
9	U27320TN1988PTC015559	SREE JAYA STEELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	07/04/1988	07/04/1988	-	Active	NO
10	U17111TN1989PTC017318	JAI JAGADHAMBIGA TEXTILE MILLS PRIVATE LIMITED	Director	16/07/1990	16/07/1990	24/03/2011	Active	NO
11	U35111TN1983PTC010041	JESUDASONS PRIVATE LIMITED	Director	27/11/1991	27/11/1991	-	Active	NO
12	U17111TN1992PTC022526	SHRI JAYAVARTHAN SPINNING MILL PRIVATE LIMITED	Director	22/04/1992	22/04/1992	20/04/2010	Amalgamated	NO
13	U17111TN1992PTC022984	SRI SATHU SPINNING MILLS PRIVATE LTD	Director	01/07/1992	01/07/1992	20/04/2010	Amalgamated	NO
14	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Director	22/08/1994	22/08/1994	-	Active	NO
15	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	06/07/1995	06/07/1995	-	Active	NO
16	U21012KL1995PLC009698	GREENLAND PAPER MILLS LIMITED	Director	24/11/1995	24/11/1995	-	Active	NO
17	U17111TN1996PTC034526	SRI JAYA JOTHI TEXTILE MILLS P LTD	Director	15/02/1996	15/02/1996	24/03/2011	Active	NO
18	U17111TZ2002PTC010375	TELA FABRICS INDIA PRIVATE LIMITED	Director	25/11/2002	25/11/2002	-	Under Process of Striking off	NO
19	U40101TN2002PTC049988	SRI JAYAJOTHI POWER MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/12/2002	05/12/2002	-	Active	NO
20	U21011TN2002PLC050022	BLUEMOUNT PAPER AND BOARDS LIMITED	Director	12/12/2002	12/12/2002	10/12/2009	Active	NO
21	U45202TN2004PTC054790	JAYANTHA FOUNDATIONS PRIVATE LIMITED	Whole-time director	01/12/2004	01/12/2004	-	Active	NO
22	U52599TN1992PTC022306	PAARAGAN PAPER PRIVATE LIMITED	Managing director	20/01/2005	20/01/2005	06/06/2011	Active	NO
23	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
24	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
25	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	29/11/2012	12/12/2006	24/08/2013	Active	NO
26	U26941TN2008PLC067877	SREE JOTHI CEMENTS LIMITED	Director	26/05/2008	26/05/2008	-	Strike off	NO
27	U55204TN2008PTC068553	SREE JAYAJOTHI INFRA DEVELOPERS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Strike off	NO

Name :

Mr. Gokul Kannan

Designation :

Director

Address :

Flat No. 9, Gee Gee Castle, 186 Avvai Shanmugam Salai, Gopalapuram, Chennai - 600086, Tamilnadu, India

Date of Birth/Age :

13.09.1981

Date of Appointment :

18.03.2005

PAN No.:

AEKPG5409H

DIN No.:

00391940

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	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Managing director	25/06/2011	03/04/2002	-	Active	NO
2	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	14/02/2005	14/02/2005	-	Active	NO
3	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
4	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
5	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	12/12/2006	12/12/2006	24/08/2013	Active	NO
6	U26941TN2008PLC067877	SREE JOTHI CEMENTS LIMITED	Director	26/05/2008	26/05/2008	-	Strike off	NO
7	U55204TN2008PTC068553	SREE JAYAJOTHI INFRA DEVELOPERS PRIVATE LIMITED	Director	14/07/2008	14/07/2008	-	Strike off	NO
8	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Additional director	28/02/2014	28/02/2014	-	Active	NO

Name :

Mrs. Divya Kannan

Designation :

Director

Address :

Flat No. 9, Gee Gee Castle, 186 Avvai Shanmugam Salai, Gopalapuram, Chennai - 600086, Tamilnadu, India

Date of Birth/Age :

25.10.1985

Date of Appointment :

18.03.2005

PAN No.:

AGTPD0721C

DIN No.:

00391981

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	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
2	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2005	16/11/2005	-	Active	NO
3	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Director	02/08/2006	02/08/2006	-	Active	NO
4	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	01/12/2007	01/12/2007	24/08/2009	Active	NO
5	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	03/08/2011	03/08/2011	-	Active	NO
6	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Additional director	28/02/2014	28/02/2014	-	Active	NO

Name :

Krishnaveni Kannan

Designation :

Director

Address :

Flat No. 9, Gee Gee Castle, 186 Avvai Shanmugam Salai, Gopalapuram, Chennai - 600086, Tamilnadu, India

Date of Birth/Age :

16.03.1957

Date of Appointment :

18.03.2005

PAN No.:

AFJPK7421F

DIN No.:

00420020

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	U27104TN1961PTC004402	KOVILPATTI STEEL ROLLING INDUSTRIES PRIVATE LIMITED	Director	07/05/1979	07/05/1979	-	Active	NO
2	U60210TN1979PTC007793	SRI VAIGAI TRANSPORTS PRIVATE LIMITED	Director	18/05/1983	18/05/1983	20/04/2010	Active	NO
3	U60221TN1951PLC000161	ARUPPUKOTTAI SRI JAYA VILAS LIMITED	Director	01/08/1986	01/08/1986	20/02/2013	Active	NO
4	U17112TN1980PLC008155	SHRI GOVINDARAJA MILLS LIMITED	Director	01/04/1987	01/04/1987	09/09/2011	Amalgamated	NO
5	U27320TN1988PTC015559	SREE JAYA STEELS AND ALLIED INDUSTRIES PRIVATE LIMITED	Director	07/04/1988	07/04/1988	-	Active	NO
6	U51102TN1981PLC008702	SRI JAYAJOTHI & COMPANY LIMITED	Whole-time director	25/06/2011	20/03/1995	-	Active	NO
7	U17111TN1995PTC032148	JAYALAKSHMI TEXTILES PRIVATE LIMITED	Director	06/07/1995	06/07/1995	-	Active	NO
8	U17111TZ2002PTC010375	TELA FABRICS INDIA PRIVATE LIMITED	Director	25/11/2002	25/11/2002	-	Under Process of Striking off	NO
9	U40101TN2002PTC049988	SRI JAYAJOTHI POWER MANAGEMENT COMPANY PRIVATE LIMITED	Director	05/12/2002	05/12/2002	-	Active	NO
10	U45202TN2004PTC054790	JAYANTHA FOUNDATIONS PRIVATE LIMITED	Whole-time director	01/12/2004	01/12/2004	-	Active	NO
11	U17112TN2005PTC055700	DIVYALAKSHMI TEXTILES PRIVATE LIMITED	Director	18/03/2005	18/03/2005	-	Active	NO
12	U29261TN2005PTC058043	ELECTRO JET MACHINERY PRIVATE LIMITED	Director	16/11/2006	16/11/2006	-	Active	NO
13	U02695TN2006PLC061729	SREE JAYAJOTHI CEMENTS LIMITED	Director	12/12/2006	12/12/2006	24/08/2009	Active	NO
14	U65191TN1994PLC028374	SHRI JAYAJOTHI FINANCE LIMITED	Director	05/01/2007	05/01/2007	-	Active	NO
15	U26941TN2008PLC067877	SREE JOTHI CEMENTS LIMITED	Director	26/05/2008	26/05/2008	-	Strike off	NO
16	U60201TN1979PTC007795	SRI VENKATACHALAPATHY TRANSPORTS PRIVATE LIMITED	Director	04/11/2011	04/11/2011	28/03/2012	Active	NO

Name :

Mr. Arun Krishna Srinivasan

Designation :

Director

Address :

4-A Pangajan, House Street Thani, Thani Allingaram – 625531, Tamilnadu, India

Date of Birth/Age :

26.07.1984

Date of Appointment :

03.08.2011

PAN No.:

AICPA5508M

DIN No.:

03592020

MAJOR SHAREHOLDERS

As on 18.09.2014

Names of Shareholders	No. of Shares	Percentage of Holding
Kannan T. R.	1922625	23.76
Gokul Kannan	2022625	25.00
Krishnaveni Kannan	2022625	25.00
Divya Kannan	2022625	25.00
Arun Krishna	100000	1.24
Total	8090500	100.00

As on 18.09.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Yarn and Fabrics.
Products :	Yarn and Fabrics.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :
Selling :	Not Available
Purchasing :	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	The South Indian Bank Limited
Branch Address	Anut Complex, Pandalgudi Road Junction, Aruppukottai, Virudhunagar District - 626101, Tamilnadu, India
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

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Millions)	31.03.2013 (Rs. in Millions)
LONG TERM BORROWINGS
Term loans from banks	121.278	198.611
Rupee term loans from banks	0.175	0.625
SHORT TERM BORROWINGS
Loans repayable on demand from banks	95.821	96.069
Loans repayable on demand from others	0.000	22.074
Total	217.274	317.379

Auditors :
Name :	G. Jeyaraman Chartered Accountant
Address :	5A, Gowsika Mansion, North Gate, S.S. Colony, Madurai – 625010, Tamilnadu, India
PAN No.:	AAWPJ2929D
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 18.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8090500	Equity Shares	Rs.10/- each	Rs. 80.905 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	80.905	80.905	80.905
(b) Reserves & Surplus	(40.557)	(41.080)	(54.911)
(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)	40.348	39.825	25.994
(3) Non-Current Liabilities
(a) long-term borrowings	121.453	199.236	251.251
(b) Deferred tax liabilities (Net)	30.622	30.161	28.297
(c) Other long term liabilities	10.100	10.100	10.100
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	162.175	239.497	289.648
(4) Current Liabilities
(a) Short term borrowings	95.821	118.143	95.048
(b) Trade payables	129.822	151.933	129.470
(c) Other current liabilities	22.177	0.000	0.000
(d) Short-term provisions	6.200	5.950	0.950
Total Current Liabilities (4)	254.020	276.026	225.468
TOTAL	456.543	555.348	541.110
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	304.362	331.724	304.525
(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	3.903	50.500	50.500
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	5.531	4.277	8.658
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	313.796	386.501	363.683
(2) Current assets
(a) Current investments	6.701	6.258	5.994
(b) Inventories	96.927	102.912	95.631
(c) Trade receivables	13.998	39.546	55.754
(d) Cash and cash equivalents	3.862	1.710	2.549
(e) Short-term loans and advances	21.259	18.421	17.499
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	142.747	168.847	177.427
TOTAL	456.543	555.348	541.110

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	GROSS TURNOVER	527.660	468.017	392.106
	TOTAL EXPENSES	NA	NA	NA
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	99.661	104.664	92.993
Less	FINANCIAL EXPENSES	50.803	55.270	59.823
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	48.858	49.394	33.170
Less/ Add	DEPRECIATION/ AMORTISATION	28.758	28.699	28.692
Less	LOSS ON SALE OF SHARE	18.867	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	1.233	20.695	4.478
Less	TAX	0.711	6.864	2.681
	PROFIT/ (LOSS) AFTER TAX	0.522	13.831	1.797
	EARNINGS IN FOREIGN CURRENCY	77.958	12.559	NA
	Earnings / (Loss) Per Share (Rs.)	0.06	1.71	0.22

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	0.27	4.10	0.91
Return on Investment (ROI) (PBT/Networth)		0.03	0.52	0.17
Debt Equity Ratio (Total Debt /Networth)		5.39	7.97	13.32
Current Ratio (Current Asset/Current Liability)		0.56	0.61	0.79

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	80.905	80.905	80.905
Reserves & Surplus	(54.911)	(41.080)	(40.557)
Net worth	25.994	39.825	40.348
long-term borrowings	251.251	199.236	121.453
Short term borrowings	95.048	118.143	95.821
Total borrowings	346.299	317.379	217.274
Debt/Equity ratio	13.322	7.969	5.385

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	392.106	468.017	527.660
		19.360	12.744

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	392.106	468.017	527.660
Profit	1.797	13.831	0.522
	0.46%	2.96%	0.10%

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

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80038861	10/06/2014 *	684,000,000.00	THE SOUTH INDIAN BANK LIMITED	ANUT COMPLEX, PANDALGUDI ROAD JUNCTION, ARUPPUKOT  TAI, VIRUDHUNAGAR DISTRICT, Tamil Nadu - 626101, INDIA	C20290136

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Office building
• Plant and equipment
• Factory equipments
• Other plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Other 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. 61.49
UK Pound	1	Rs. 92.16
Euro	1	Rs. 69.61

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--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	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		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.