MIRA INFORM REPORT

Report No. :	330071
Report Date :	02.07.2015

IDENTIFICATION DETAILS

Name :	AKASH PACK TECH PRIVATE LIMITED

Registered Office :	B-2, Ansal Chamber-I, 3, Bhikaji Kama Palace, New Delhi – 110066
Tel. No.:	91-129-4297700/ 4155000/ 4155001

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	28.11.2002

Com. Reg. No.:	55-117831

Capital Investment / Paid-up Capital :	Rs. 11.308 Million

CIN No.: [Company Identification No.]	U51909DL2002PTC117831

IEC No.:	0504083635

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAECA0878K

Legal Form :	Private Limited Liability Company

Line of Business :	Manufacturer and Exporter of Fully Automatic VFFS Pouch Filling Machines. Fully Automatic High Speed VFFS Multi Track Machine, Pouch-in-Pouch and Flow Wrap Machines

No. of Employees :	30 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. The company can be considered for normal business dealings at usual trade terms and condition.

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 – March 31, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	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 31-03-2013.

INFORMATION PARTED BY (GENERAL DETAILS)

Name :	Mr. Gajendra Singh
Designation :	Finance Manager
Contact No.:	91-9999305052
Date :	30.06.2015

LOCATIONS

Registered Office :	B-2, Ansal Chamber-I, 3, Bhikaji Kama Palace, New Delhi – 110066, India
Tel. No.:	91-129-4297700/ 4155000/ 4155001
Mobile No.:	91-9555588884 (Mr. Ankit)
Fax No.:	91-129-2307610/ 4010088
E-Mail :	mohtagupta@rediffmail.com
Website :	http://www.akashpack.com

Factory :	Plot No. 68, 69 and 89, HSIDC Industrial Estate, Sector-59, Faridabad - 121 004, Haryana, India
Tel. No.:	91-129- 4297700/ 4155000/ 4155001/ 4010088
Fax No.:	91-129-2307610 / 4010088
E-Mail :	info@akashpack.com/ sales@ashpack.com
Website :	http://www.akashpack.com

DIRECTORS

AS ON 30.09.2014

Name :

Pratap Singh

Designation :

Managing Director

Address :

House No.- 125/R,, New Colony,, Palwal, 121102, Haryana, India

Date of Birth/Age :

08.07.1971

Date of Appointment :

27.01.2014

DIN No.:

00157201

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	U51909DL2002PTC117831	AKASH PACKTECH PRIVATE LIMITED	Managing director	27-01-2014	28-11-2002	-	Active	NO
2	U15494DL2003PTC123585	AKASHYOG HEALTH PRODUCTS PRIVATE LIMITED	Director	18-12-2003	18-12-2003	-	Active	NO
3	U51909DL2006PTC145507	FOOTPRINTZ MARKETING PRIVATE LIMITED	Director	27-01-2006	27-01-2006	27-02-2013	Active	NO
4	U15400MH2007PTC171642	INDULGENCE FOOD PRIVATE LIMITED	Director	04-02-2008	04-02-2008	-	Active	NO
5	U74120HR2008PTC038482	AKASH PRATAP BUILDTECH PRIVATE LIMITED	Director	03-11-2008	03-11-2008	-	Active	NO
6	U29220DL2011PTC213399	AKASH EQUIPMENTS AND MACHINERIES PRIVATE LIMITED	Managing director	07-02-2011	07-02-2011	-	Active	NO
7	U29211PB2005PTC027834	ZIMIDARA TRACTORS PRIVATE LIMITED	Director	30-09-2011	03-07-2011	-	Active	NO
8	U29253DL2012PTC235559	AAKASH PACK AUTOMATIONS PRIVATE LIMITED	Director	09-05-2012	09-05-2012	-	Active	NO
9	U50404DL2012PLC240792	AKASH FUELS LIMITED	Director	24-08-2012	24-08-2012	-	Active	NO

Name :

Gajna Devi

Designation :

Director

Address :

125/R, Akash Bhawan,, New Colony,, Palwal, 121102, Haryana, India

Date of Birth/Age :

01.01.1976

Date of Appointment :

28.11.2002

DIN No.:

00157158

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	U51909DL2002PTC117831	AKASH PACKTECH PRIVATE LIMITED	Director	28-11-2002	28-11-2002	-	Active	NO
2	U74120HR2008PTC038482	AKASH PRATAP BUILDTECH PRIVATE LIMITED	Director	03-11-2008	03-11-2008	-	Active	NO
3	U15494DL2003PTC123585	AKASHYOG HEALTH PRODUCTS PRIVATE LIMITED	Director	01-06-2010	01-06-2010	-	Active	NO
4	U29220DL2011PTC213399	AKASH EQUIPMENTS AND MACHINERIES PRIVATE LIMITED	Director	07-02-2011	07-02-2011	-	Active	NO
5	U29211PB2005PTC027834	ZIMIDARA TRACTORS PRIVATE LIMITED	Director	30-09-2011	03-07-2011	-	Active	NO
6	U50404DL2012PLC240792	AKASH FUELS LIMITED	Director	24-08-2012	24-08-2012	-	Active	NO

Name :

Samai Singh

Designation :

Director

Address :

Village Kakrali, Tehsil Palwal, Faridabad, 121102, Haryana, India

Date of Birth/Age :

30.04.1944

Date of Appointment :

28.11.2002

DIN No.:

00157179

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	U51909DL2002PTC117831	AKASH PACKTECH PRIVATE LIMITED	Director	28-11-2002	28-11-2002	-	Active	NO
2	U29220DL2011PTC213399	AKASH EQUIPMENTS AND MACHINERIES PRIVATE LIMITED	Director	07-02-2011	07-02-2011	-	Active	NO
3	U50404DL2012PLC240792	AKASH FUELS LIMITED	Director	24-08-2012	24-08-2012	-	Active	NO
4	U50500DL2012PLC243230	AKASH FUEL STATIONS LIMITED	Director	05-10-2012	05-10-2012	-	Active	NO

Name :

Anjali Garg

Designation :

Director

Address :

House No. 1475, Sector-14, Faridabad, 121005, Haryana, India

Date of Birth/Age :

08.03.1977

Date of Appointment :

31.12.2013

DIN No.:

05253129

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	U29253DL2012PTC235559	AAKASH PACK AUTOMATIONS PRIVATE LIMITED	Director	09-05-2012	09-05-2012	-	Active	NO
2	U51909DL2002PTC117831	AKASH PACKTECH PRIVATE LIMITED	Director	31-12-2013	31-12-2013	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Gajendra Singh
Designation :	Finance Manager

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders		No. of Shares
Gajna Devi		241318
Pratap Singh		508625
Akashyog Health Products Private Limited, India		115000
Samai Singh		207400
Kailash		1500
Hem Kumar		1000
Suman		1500
Shakuntla		1500
Brijan Devi		2000
Gulak		1500
Tekam		1500
USK Extm Private Limited, India		48000
Akash Pratap Builtech Private Limited		64490
Total		1195333

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	19.03
Directors or relatives of Directors	88.97
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Fully Automatic VFFS Pouch Filling Machines. Fully Automatic High Speed VFFS Multi Track Machine, Pouch-in-Pouch and Flow Wrap Machines

Products :	Fully Automatic VFFS Pouch Filling Machines. Fully Automatic High Speed VFFS Multi Track Machine Pouch-in-Pouch and Flow Wrap Machines etc.

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :	Not Divulged

Terms :
Selling :	Credit

Purchasing :	Credit

PRODUCTION STATUS:

PARTICULARS

CURRENT YEAR

Licensed Capacity

Not Available

Installed Capacity

Not Available

Raw Material

Not Possible to give details a very large and numerous.

Actual Production (In No)

Machines	Spare Parts
164	27464

GENERAL INFORMATION

Suppliers :

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

Customers :

Unilever
GSK
Godrej
Ranbaxy
MDH
P and G
Del Monte
Kraft
West Coast Beverages
Rasna
CavinKare etc.

No. of Employees :

30 (Approximately)

Bankers :

Indian Overseas Bank, 1-C/47-48, NIT, Faridabad - 121001, Haryana, India

Banker Name	Small Industries Development Bank Of India(SIDBI)
Branch Address	Faridabad Branch, Nh.5-R/2, G.F, Neelam Badshah Khan Road, N.I.T, Faridabad - 121001, Haryana, 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 :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
HDFC Bank Limited (Honda City)	0.000	0.160
SIDBI-Sub Debt	10.000	10.000
ICICI Bank Car Loan (Porsche)	2.310	2.076
ICICI Bank Car Loan (Porsche New)	0.406	4.844
IOB Car Loan (XUV)	0.276	0.615
ICICI Bank Car Loan (Quantos)	0.436	0.000
ICICI Bank Car Loan (Itios)	0.603	0.000
ICICI Bank Car Loan (Ecco)	0.126	0.000
ICICI Bank Car Loan (Fortuner)	1.393	0.000
ICICI Bank Car Loan (1-10)	0.280	0.000
From others:
Tata Capital Limited. (Ritz)	0.000	0.059
Tata Capital Finance Services Limited (Bolero)	0.064	0.241
Volkswagen Finance Private. Limited.	0.066	0.325

SHORT TERM BORROWING
Loans repayable on demand From banks
India Overseas Bank, Nit, FRD	90.749	52.712
Total	106.709	71.032
Notes: LONG TERM BORROWING 1) Secured Loan referred to in (a) above to the extent of: - Vehicle Loans are secured against hypothecation of respective vehicles. - SIDBI Sub debt (Sanctioned amount Rs.10.000 Million) is secured against registered mortgage of Agricultural Land (Khewat Khata No.:116/128, Rect No. 26, Killa No.:2 Measuring 8K) situated at Village Mitnol, Teb. Hoal, District Palwal Owned by Mr. Patap Singh (director of the company). - SIDBI MTL (Disbursed amount Rs. 6.831 is secured by way of Plant and Machinery and Simple mortgage of land bearing (Khewat Khata No.:116/128, Rect No. 26, Killa No.:2 Measuring 8K) situated at Village Mitnol, Teb. Hoal, District Palwal Owned by Mr. Patap Singh (director of the company). - Personal Guarantee by Mr. Pratap Singh (Director) by way of Property situated at House No-125R, New colony Palwal, is given to India Bulls Housing Finance Limited (Disbursed amount Rs. 26.212 Million) SHORT TERM BORROWING 1) Bank overdraft (Sanctioned amount Rs. 72.500 Million) is secured against Book debts/Stock and land and Building situated at plot no. 68, 69 and 89, Sector – 59, Faridabad and Residual value of Plot No. 84 sector - 59, Faridabad.

Financial Institute:	S. E. Investments Limited - S-547iind Floor Main Road, Shakar Pur, New Delhi - 110092, Delhi, India

Auditors :
Name :	Mohta Gupta and Associates Chartered Accountants
Address :	E-1/76, YMCA Road, Sector-11, Faridabad – 121006, Haryana, India
Tel. No.:	91-129-2262774, 4008767
Fax No.:	91-129-4008767
E-Mail :	mohtagupta@rediffmail.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAJFM2216R

Memberships :	Not Available

Collaborators :	Not Available

Related Party:	Akash Packaging (Proprietorship concern of Director) HP Aksh Filling Station (Proprietorship concern of Director) Akash Yog Health Products Private Limited Akash Equipments and Machineries Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

3250000	Equity Shares	Rs.10/- each	Rs.32.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1195333	Equity Shares	Rs.10/- each	Rs.11.953 Million

AS On 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

3250000	Equity Shares	Rs.10/- each	Rs.32.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

1130843	Equity Shares	Rs.10/- each	Rs. 11.308 Million

FINANCIAL DATA

[all figures are in Rupees Million]

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	11.308	9.712	9.712
(b) Reserves & Surplus	57.739	36.784	30.422
(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)	69.047	46.496	40.134

(3) Non-Current Liabilities
(a) long-term borrowings	52.607	26.524	11.141
(b) Deferred tax liabilities (Net)	(4.762)	0.759	0.811
(c) Other long term liabilities	13.011	2.908	1.758
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	60.856	30.191	13.710

(4) Current Liabilities
(a) Short term borrowings	90.849	52.812	45.764
(b) Trade payables	51.231	55.414	41.375
(c) Other current liabilities	70.530	142.279	22.378
(d) Short-term provisions	5.706	3.312	4.534
Total Current Liabilities (4)	218.316	253.817	114.051

TOTAL	348.219	330.504	167.895

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	61.151	53.060	34.467
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	15.371	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	5.007	3.386	1.250
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	5.194	0.260	0.194
(e) Other Non-current assets	1.683	8.009	8.115
Total Non-Current Assets	88.406	64.715	44.026

(2) Current assets
(a) Current investments	0.000	21.108	2.785
(b) Inventories	62.646	64.666	14.668
(c) Trade receivables	86.488	87.585	65.365
(d) Cash and cash equivalents	4.274	6.073	3.333
(e) Short-term loans and advances	106.376	85.198	37.692
(f) Other current assets	0.029	1.159	0.026
Total Current Assets	259.813	265.789	123.869

TOTAL	348.219	330.504	167.895

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	374.591	270.317	230.748
	Other Income	4.409	2.824	1.977
	TOTAL (A)	379.000	273.141	232.725

Less	EXPENSES
	Cost of Materials Consumed			136.326
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	363.936	263.745	17.021
	Employees benefits expense			22.124
	Other expenses	(including financial and Depreciation expenses)		31.721
	TOTAL (B)			207.192

Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)			25.533

Less	FINANCIAL EXPENSES (D)			7.535

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			17.998

Less/ Add	DEPRECIATION/ AMORTISATION (F)			5.826

	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	15.064	9.396	12.172

Less	TAX (H)	0.014	3.036	4.069

	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	15.050	6.360	8.103


	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	79.088	48.570	0.000
	TOTAL EARNINGS	79.088	48.570	0.000

	Earnings / (Loss) Per Share (Rs.)	13.31	6.55	8.34

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

Cash generated from operations

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	4.02	2.35	3.51

Operating Profit Margin (PBIDT/Sales)	(%)	NA	NA	11.07

Return on Total Assets (PBT/Total Assets}	(%)	4.59	2.87	7.30

Return on Investment (ROI) (PBT/Networth)		0.22	0.20	0.30

Debt Equity Ratio (Total Debt /Networth)		2.08	1.71	1.42

Current Ratio (Current Asset/Current Liability)		1.19	1.05	1.09

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	9.712	9.712	11.308
Reserves & Surplus	30.422	36.784	57.739
Net worth	40.134	46.496	69.047

long-term borrowings	11.141	26.524	52.607
Short term borrowings	45.764	52.812	90.849
Total borrowings	56.905	79.336	143.456
Debt/Equity ratio	1.418	1.706	2.078

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	230.748	270.317	374.591
		17.148	38.575

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	230.748	270.317	374.591
Profit	8.103	6.360	15.050
	3.51%	2.35%	4.02%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	Yes
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from D-619, CR Park, New Delhi – 110019, India to the present address w.e.f. 01.06.2010

CORPORATE INFORMATION:

Subject is a private company in India and incorporated under the provisions of the Companies Act, 1956 on 28^th day of November, 2002. The company is engaged in manufacturing of packaging Machines. The company is generating revenue by sale of packaging machines and parts thereof and sale of servicing also. The Company caters to domestic market as well as international market. Company has its business place at Faridabad, Haryana, India.

UNSECURED LOAN

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Deutsche Bank	0.483	2.381
From Others:
Bajaj Finance Limited	0.113	1.684
ECL Finance Limited	0.932	1.583
Fullerton India Credit Company Limited	0.211	0.965
Magma Finance corporation Limited	0.249	1.591
India bulls Housing Finance Limited	19.659	0.000
Loans and Advances from Other parties:
Samai Singh - Director	15.000	0.000

SHORT TERM BORROWING
Loans repayable on demand From others
M/s. M. K. Engineering	0.100	0.100
Total	36.747	8.304

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10504484	23/06/2014	10,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	N.H. 5 R/2,, NEELAM BADSHAH ROAD, NIT, FARIDABAD, HARYANA - 121001, INDIA	C07536105
2	10487843	07/05/2014 *	80,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, N.H.- 5-/R/2,NEELAM BADSHAH KHAN ROAD,NIT, FARIDABAD, HA RYANA - 121001, INDIA	C03665973
3	10490370	20/12/2014 *	10,000,000.00	INDIAN OVERSEAS BANK	1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, I NDIA	C41841925
4	10384083	20/09/2012	10,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(SIDBI)	FARIDABAD BRANCH, NH.5-R/2, G.F,NEELAM BADSHAH KHAN ROAD, N.I.T, FARIDABAD, HARYANA - 121001, INDIA	B61143665
5	10330825	25/11/2011	1,000,000.00	INDIAN OVERSEAS BANK	1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, INDIA	B30252464
6	10101109	25/05/2010 *	41,430,000.00	INDIAN OVERSEAS BANK	1-C/47-48, NIT, FARIDABAD, HARYANA - 121001, INDIA	A87350567
7	10027321	17/11/2009 *	3,100,000.00	INDIAN OVERSEAS BANK	1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, INDIA	A74658485
8	10027389	25/05/2013 *	93,500,000.00	INDIAN OVERSEAS BANK	1-C/47-48, N.I.T., FARIDABAD, HARYANA - 121001, INDIA	B77661197

* Date of charge modification

FIXED ASSETS

Building
Land
Plant and Machinery
Crane
Electrical Installation
Generator
Office Equipment
Furniture and Fixtures
Computer
Fire Extinguisher
Vehicles
Air Conditioner
Fan and Cooler
Water Cooler
Geyser
Computer Software
Fridge
RO Water Purifier
UPS
Motor Cycle
Camera
Land at Sikri

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.63.62
UK Pound	1	Rs.99.89
Euro	1	Rs.70.77

INFORMATION DETAILS

Information Gathered by :	SUP

Analysis Done by :	RAS

Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		47

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.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit