MIRA INFORM REPORT

Report No. :	329661
Report Date :	02.07.2015

IDENTIFICATION DETAILS

Name :	UNIWORTH LIMITED
Registered Office :	“GREEN ACRES” 2, Nazar Ali Lane, Flat- 4A, Kolkata - 700 019, West Bengal
Tel. No.:	91-33-40061301 / 8444012233
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	11.08.1988
Com. Reg. No.:	044984
Capital Investment / Paid-up Capital :	Rs. 399.862 Million
CIN No.: [Company Identification No.]	L17299WB1988PLC044984
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CALW00795E
PAN No.: [Permanent Account No.]	AAACW2805Q
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Trading and Manufacturing all wool and polywool worsted fabrics.
No. of Employees :	2500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Sick Company
Payment Behaviour :	Slow and Delayed
Litigation :	Clear
Comments :	The subject company is declared as a sick unit by board for industrial and financial reconstruction. The management has register case (Case No.270/2004) with board for industrial and financial reconstruction the status of which is abated. Moreover, it is also to be noted that the company is listed with RBI defaulter and default hefty amount with three major banks namely 1 Axis Bank 2 HDFC Bank and 3 Federal bank The financial position of the company is weak, networth of the company has been fully eroded. However, business is active. Payments terms are slow and delayed. The company can be considered for business on a fully safe and secured 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	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 has been found enlisted as a defaulter in the publicly available RBI Defaulters’ list and the details of the same are as under :

BANK	BRANCH	QUARTER	BORROWER NAME	DIRECTORS NAME	OUTSTANDING AMOUNT (RS. IN MILLION)
Axis Bank Limited	Calcutta	30-09-09	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-10	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-09-10	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-12-10	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-11	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-06-11	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-09-11	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-12-11	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-12	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-06-12	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-09-12	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-12-12	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-13	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-09-13	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-12-13	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-14	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-06-14	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	30-09-14	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-12-14	Uniworth Limited	Ajay Prakash Lohia	108.600
Axis Bank Limited	Calcutta	31-03-15	Uniworth Limited	Ajay Prakash Lohia	108.600
Federal Bank Limited	Calcutta Burra Bazar	30-09-03	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Small Wayne F	113.300
Federal Bank Limited	Calcutta Burra Bazar	31-12-03	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Small Wayne F	113.300
Federal Bank Limited	Calcutta Burra Bazar	31-12-06	Uniworth Limited	Jain S K, Kishore Jhunjunwala, Mukesh B P, Lohia A P, Darbari K	133.500
Federal Bank Limited	Calcutta Burra Bazar	30-06-07	Uniworth Limited	Darbari K, Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P	133.500
Federal Bank Limited	Calcutta Burra Bazar	30-09-07	Uniworth Limited	Kishore Jhunjunwala, Mukesh B P, Darbari K, Jain S K, Lohia A P	133.500
Federal Bank Limited	Calcutta Burra Bazar	31-03-08	Uniworth Limited	Darbari K, Lohia A P, Jain S K, Mukesh B P, Kishore Jhunjunwala	133.500
Federal Bank Limited	Calcutta Burra Bazar	30-06-08	Uniworth Limited	Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P, Darbari K	133.500
Federal Bank Limited	Calcutta Burra Bazar	30-09-08	Uniworth Limited	Kishore Jhunjunwala, Lohia A P, Mukesh B P, Jain S K, Darbari K	133.500
Hdfc Bank Limited	Kolkatta	31-03-13	Uniworth Limited	Unni K Vijayan, Tolaram Jalan, Wayne F Small, Sukumar Bhattacharya, S L Baluja, Krishnamurthi Srinivasan, Narayanaswami Srinivasan, A P Lohia	243.700
Hdfc Bank Limited	Kolkatta	30-06-13	Uniworth Limited	Sukumar Bhattacharya, S L Baluja, Tolaram Jalan, Narayanaswami Srinivasan, Wayne F Small, A P Lohia, Krishnamurthi Srinivasan, Unni K Vijayan	243.700
Hdfc Bank Limited	Kolkatta	30-09-13	Uniworth Limited	S L Baluja, Sukumar Bhattacharya, Krishnamurthi Srinivasan, A P Lohia, Unni K Vijayan, Tolaram Jalan, Narayanaswami Srinivasan, Wayne F Small	243.700
Hdfc Bank Limited	Kolkatta	31-12-13	Uniworth Limited	Unni K Vijayan, A P Lohia, Tolaram Jalan, Wayne F Small, S L Baluja, Narayanaswami Srinivasan, Sukumar Bhattacharya, Krishnamurthi Srinivasan	243.700
Hdfc Bank Limited	Kolkatta	31-03-14	Uniworth Limited	Krishnamurthi Srinivasan, Narayanaswami Srinivasan, S L Baluja, Sukumar Bhattacharya, A P Lohia, Unni K Vijayan, Tolaram Jalan, Wayne F Small	243.700
Hdfc Bank Limited	Kolkatta	30-06-14	Uniworth Limited	A P Lohia, Wayne F Small, Unni K Vijayan, Krishnamurthi Srinivasan, Narayanaswami Srinivasan, Sukumar Bhattacharya, S L Baluja, Tolaram Jalan	243.700
Hdfc Bank Limited	Kolkatta	30-09-14	Uniworth Limited	Tolaram Jalan, A P Lohia, Wayne F Small, Unni K Vijayan - Icici N, S L Baluja, Sukumar Bhattacharya, Krishnamurthi Srinivasan, Narayanaswami Srinivasan	243.700
Hdfc Bank Limited	Kolkatta	31-12-14	Uniworth Limited	Tolaram Jalan, A P Lohia, Wayne F Small, Unni K Vijayan - Icici N, S L Baluja, Sukumar Bhattacharya, Krishnamurthi Srinivasan, Narayanaswami Srinivasan	243.700
Hdfc Bank Limited	Kolkatta	31-03-15	Uniworth Limited	Tolaram Jalan, A P Lohia, Wayne F Small, Unni K Vijayan - Icici N, S L Baluja, Sukumar Bhattacharya, Krishnamurthi Srinivasan, Narayanaswami Srinivasan	243.700
State Bank of Mysore	Bentinck St,Ca	31-03-02	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	30-06-02	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank of Mysore	Bentinck Street, Calcutta	30-09-02	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank of Mysore	Bentinck Street, Calcutta	31-12-02	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	31-03-03	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	30-06-03	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	30-09-03	Uniworth Limited	A P Lohia, F W Small, K Srinivasan, K V Unni, N Sitaram, P K Khaitan, S Bhattacharya, S L Balujia, T K Mukhopadyay, T R Jalan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	31-12-03	Uniworth Limited	A G Bhatnagar, A P Lohia, B P Muktieh, K Jhunjhunwala, S Jhunjhunwala, Shiv Sharma	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	31-03-04	Uniworth Limited	S Jhunjhunwala, Khaitan, A G Bhatnagar, B P Muktieh Idbi, A P Lohia, K Jhunjhunwala, Shiv Sharma	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	30-06-04	Uniworth Limited	A G Bhatnagar, S Jhunjhunwala, B P Muktieh, A P Lohia, K Jhunjhunwala, Shiv Sharma, Khaitan	0.000
State Bank Of Mysore	Bentinck Street, Calcutta	30-09-04	Uniworth Limited	B P Muktieh, A P Lohia, Shiv Sharma, K Jhunjhunwala, Khaitan, A G Bhatnagar, S Jhunjhunwala	97.600
The Federal Bank Limited	Calcutta Burra Bazar	31-03-05	Uniworth Limited	Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P, Darbari K	210.400
The Federal Bank Limited	Calcutta Burra Bazar	30-06-05	Uniworth Limited	Jain S K, Lohia A P, Darbari K, Mukesh B P, Kishore Jhunjunwala	210.400
The Federal Bank Limited	Calcutta Burra Bazar	30-09-05	Uniworth Limited	Darbari K, Jain S K, Kishore Jhunjunwala, Lohia A P, Mukesh B P	210.400
The Federal Bank Limited	Calcutta Burra Bazar	31-12-05	Uniworth Limited	Mukesh B P, Kishore Jhunjunwala, Darbari K, Jain S K, Lohia A P	210.400
The Federal Bank Limited	Calcutta Burra Bazar	31-03-06	Uniworth Limited	Darbari K, Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-06	Uniworth Limited	Jain S K, Lohia A P, Mukesh B P, Kishore Jhunjunwala, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-06	Uniworth Limited	Darbari K, Mukesh B P, Jain S K, Lohia A P, Kishore Jhunjunwala	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-12-08	Uniworth Limited	Jain S K, Lohia A P, Mukesh B P, Kishore Jhunjunwala, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-03-09	Uniworth Limited	Jain S K, Lohia A P, Darbari K, Mukesh B P, Kishore Jhunjunwala	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-09	Uniworth Limited	Darbari K, Jain S K, Mukesh B P, Kishore Jhunjunwala, Lohia A P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-09	Uniworth Limited	Kishore Jhunjunwala, Lohia A P, Mukesh B P, Jain S K, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-12-09	Uniworth Limited	Jain S K, Kishore Jhunjunwala, Mukesh B P, Lohia A P, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-03-10	Uniworth Limited	Mukesh B P, Jain S K, Lohia A P, Kishore Jhunjunwala, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-10	Uniworth Limited	Mukesh B P, Darbari K, Kishore Jhunjunwala, Jain S K, Lohia A P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-10	Uniworth Limited	Lohia A P, Jain S K, Mukesh B P, Darbari K, Kishore Jhunjunwala	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-12-10	Uniworth Limited	Darbari K, Mukesh B P, Kishore Jhunjunwala, Lohia A P, Jain S K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-03-11	Uniworth Limited	Mukesh B P, Kishore Jhunjunwala, Darbari K, Lohia A P, Jain S K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-11	Uniworth Limited	Darbari K, Jain S K, Lohia A P, Kishore Jhunjunwala, Mukesh B P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-11	Uniworth Limited	Mukesh B P, Kishore Jhunjunwala, Darbari K, Jain S K, Lohia A P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-03-13	Uniworth Limited	Kishore Jhunjunwala, Mukesh B P, Darbari K, Jain S K, Lohia A P	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-13	Uniworth Limited	Kishore Jhunjunwala, Mukesh B P, Darbari K, Lohia A P, Jain S K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-13	Uniworth Limited	Lohia A P, Jain S K, Mukesh B P, Kishore Jhunjunwala, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-12-13	Uniworth Limited	Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-03-14	Uniworth Limited	Lohia A P, Jain S K, Kishore Jhunjunwala, Mukesh B P, Darbari K	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-06-14	Uniworth Limited	Lohia A P, Mukesh B P, Jain S K, Darbari K, Kishore Jhunjunwala	133.500
The Federal Bank Limited	Calcutta Burra Bazar	30-09-14	Uniworth Limited	Lohia A P, Mukesh B P, Jain S K, Darbari K, Kishore Jhunjunwala	133.500
The Federal Bank Limited	Calcutta Burra Bazar	31-12-14	Uniworth Limited	Lohia A P, Mukesh B P, Jain S K, Darbari K, Kishore Jhunjunwala	133.500
United Bank Of India	03100841000009	30-06-03	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Mukaopadhyay T K, Small Wayne F, Unni K Vijayan	212.300
United Bank Of India	03100841000009	30-09-03	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Mukaopadhyay T K, Small Wayne F, Unni K Vijayan	211.900
United Bank Of India	03100841000009	31-12-03	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Mukaopadhyay T K, Small Wayne F, Unni K Vijayan	211.900
United Bank Of India	03100841000009	31-03-04	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Mukaopadhyay T K, Small Wayne F, Unni K Vijayan	211.900
United Bank Of India	03100841000009	30-06-04	Uniworth Limited	Lohia Ajai Prakash, K Darbari, Small Wayne F, Unni K Vijayan, Mukaopadhyay T K	211.900
United Bank Of India	03100841000009	30-09-04	Uniworth Limited	Lohia Ajai Prakash, K Darbari, Unni K Vijayan, Small Wayne F, Mukaopadhyay T K	211.900
United Bank Of India	03100841000009	31-12-04	Uniworth Limited	Lohia Ajai Prakash, K Darbari, Unni K Vijayan, Mukaopadhyay T K, Small Wayne F	2,119.00
United Bank Of India	03100841000009	31-03-05	Uniworth Limited	K Darbari, Unni K Vijayan, Small Wayne F, Mukaopadhyay T K, Lohia Ajai Prakash	211.900
United Bank Of India	03100841000009	30-06-05	Uniworth Limited	K Darbari, Lohia Ajai Prakash, Unni K Vijayan, Small Wayne F, Mukaopadhyay T K	211.900
United Bank Of India	03100841000009	30-09-05	Uniworth Limited	Lohia Ajai Prakash, K Darbari, Small Wayne F, Unni K Vijayan, Mukaopadhyay T K	211.900
United Bank Of India	03100841000009	31-12-05	Uniworth Limited	Mukaopadhyay T K, K Darbari, Unni K Vijayan, Small Wayne F, Lohia Ajai Prakash	211.900
United Bank Of India	03100841000009	30-06-06	Uniworth Limited	K Darbari, Small Wayne F, Unni K Vijayan, Mukaopadhyay T K, Lohia Ajai Prakash	211.900
United Bank Of India	03100841000009	30-09-06	Uniworth Limited	K Darbari, Unni K Vijayan, Small Wayne F, Mukaopadhyay T K, Lohia Ajai Prakash	211.900
United Bank Of India	03100841000009	30-06-07	Uniworth Limited	Lohia Ajai Prakash, K Darbari, Unni K Vijayan, Mukaopadhyay T K, Small Wayne F	211.900
Uti Bank Limited	Calcutta	31-03-02	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-06-02	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-09-02	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	31-12-02	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	31-03-03	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-06-03	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-09-03	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	31-12-03	Uniworth Limited	Ajay Prakash Lohia, Uniworth Limited	108.600
Uti Bank Limited	Calcutta	31-03-04	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-06-04	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	30-09-04	Uniworth Limited	Ajay Prakash Lohia	0.000
Uti Bank Limited	Calcutta	31-12-04	Uniworth Limited	Ajay Prakash Lohia	108.600
Uti Bank Limited	Calcutta	31-03-05	Uniworth Limited	Ajay Prakash Lohia	108.600
Uti Bank Limited	Calcutta	31-03-06	Uniworth Limited	Ajay Prakash Lohia	108.600
Uti Bank Limited	Calcutta	30-06-06	Uniworth Limited	Ajay Prakash Lohia	108.600
Uti Bank Limited	Calcutta	31-03-07	Uniworth Limited	Ajay Prakash Lohia	108.600
Uti Bank Limited	Calcutta	30-06-07	Uniworth Limited	Ajay Prakash Lohia	108.600

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

Name :	Ms. Seema
Designation :	Account Assistant
Contact No.:	91-7104-265321
Date :	30.06.2015

LOCATIONS

Registered Office :	“GREEN ACRES” 2, Nazar Ali Lane, Flat- 4A, Kolkata - 700 019, West Bengal, India
Tel. No.:	91-33-40061301 / 8444012233
Fax No.:	91-33-2280-3620
E-Mail :	uniworthlimited@gmail.com
Website :	www.uniworth.om
Factory 1 :	923, 945, Urla Growth Centre Raipur - 492221, Chattisgarh, India
Tel. No.:	91-771-2324271 / 75
Fax No.:	91-771-2323257
Factory 2 :	Amriti Malda, West Bengal, India
Factory 3 :	B-129, M.I.D.C. Butibori, Nagpur – 441122, Maharashtra, India
Tel. No.:	91-7104-265321 / 24
Fax No.:	91-7104-265309

DIRECTORS

Name :	Sripad Narayan Shenwai
Designation :	Executive Director
Date of Appointment :	26.09.2014
DIN No.:	01716415
Name :	Kishore Jhunjhunwala
Designation :	Director
Date of Appointment :	31.12.2004
DIN No.:	00035091
Name :	Silpi Chakraborty
Designation :	Director
Date of Appointment :	26.09.2014
DIN No.:	06923695
Name :	Sanjeev Saxena
Designation :	- MPSIDC Nominee

KEY EXECUTIVES

AUDIT COMMITTEE

· Kishore Jhunjhunwala · Silpi Chakraborty · Sripad Narayan Shenwai

SHAREHOLDING PATTERN

As on 31.03.2015

Category of Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	4338861	12.77
Bodies Corporate	1767679	5.20
Sub Total	6106540	17.97
(2) Foreign
Bodies Corporate	6924975	20.38
Sub Total	6924975	20.38
Total shareholding of Promoter and Promoter Group (A)	13031515	38.34
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	23230	0.07
Financial Institutions / Banks	28032	0.08
Central Government / State Government(s)	750000	2.21
Insurance Companies	52153	0.15
Foreign Institutional Investors	4300	0.01
Sub Total	857715	2.52
(2) Non-Institutions
Bodies Corporate	816054	2.40
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	17598822	51.78
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	1574131	4.63
Any Others (Specify)	108006	0.32
Non Resident Indians	101404	0.30
Clearing Members	6409	0.02
Trusts	193	0.00
Sub Total	20097013	59.13
Total Public shareholding (B)	20954728	61.66
Total (A)+(B)	33986243	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	33986243	100.00

BUSINESS DETAILS

Line of Business :	Trading and Manufacturing all wool and polywool worsted fabrics.
Products :	· Wool Fabrics · Polywool Worsted Fabrics
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Wool and Polywool Worsted Fabrics
Countries :	Dubai
Imports :
Products :	Wool
Countries :	· Australia · UK
Terms :
Selling :	Cash and Credit (30/60/90 Days)
Purchasing :	Cash and Credit (30/60/90 Days)

PRODUCTION STATUS = NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

2500 (Approximately)

Bankers :

Banker Name	ABN Amro Bank
Branch Address	Not Divulged
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

· Allahabad Bank

· Bank Of America

· Centurion Bank Limited

· Deutsche Bank

· HDFC Bank Limited

· The Federal Bank Limited

· State Bank of mysore

· State Bank of India

· United Bank of India

· Axis Bank Limited

Facilities :

SECURED LOANS	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
LONG TERM BORROWINGS
Bonds / Debentures	NA
4050990 12.5% Non Convertible Part-C Debentures of Rs.50/- each (Previous Year 4050990 Non Convertible Part-C Debentures of Rs. 50/- each)	NA	190.062
Less : Unpaid Matured Debentures	NA	190.062
Total	NA	4917.869

Auditors :
Name :	S. S. Kothari and Company Chartered Accountants
Memberships :	Not Available
Collaborators :	Not Available
Associates (As on 31.03.2014) :	· Uniworth Textile Limited · Uniworth Power Limited · Uniworth Apparel Limited · Aviante International Limited

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
40000000	Equity Shares	Rs.10/- each	Rs.400.000 Million
9000000	13% Non Convertible Cumulative Redeemable Preference Shares	Rs.100/- each	Rs.900.000 Million
	Total		Rs.1300.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33986243	Equity Shares	Rs.10/- each	Rs.339.862 Million
600000	Preference Shares	Rs.100/- each	Rs.60.000 Million
	Total		Rs.399.862 Million

Reconciliation of the number of Equity Shares Outstanding

Particulars	2013-14 Nos
Number of Shares outstanding at the beginning of the year	33986243
Number of Shares outstanding at the end of the year	33986243

Reconciliation of the number of Preferance Shares Outstanding

Particulars	2013-14 Nos
Number of Shares outstanding at the beginning of the year	600000
Number of Shares outstanding at the end of the year	600000

Shares in the Company held by each Shareholders holding more than 5% Shares

Name of Shareholders	Number of Shares held Nos	% of Share held
Aviante International Limited	6924975	20.38

Rights, Preferances and Restrictions attached to Shares Issued

Each Equity Shareholder holding shares of Rs. 10/- each is eligible for one vote per share held and is entitled to dividend when proposed by the Board of Directors subject to the approval of the sharesholders in the Annual General Meeting. Each Equity Shares holders is entitled to participate in repayament of Capital on liqudation after all secured creditors have been paid.

As on 31.03.2015

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs. 399.862 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	399.862	399.862	399.862
(b) Reserves & Surplus	(9551.249)	(9086.744)	(8634.462)
(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)	(9151.387)	(8686.882)	(8234.600)
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	2946.783	2851.807
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	227.675	214.963	204.211
(d) long-term provisions	919.008	909.815	900.709
Total Non-current Liabilities (3)	1146.683	4071.561	3956.727
(4) Current Liabilities
(a) Short term borrowings	2888.541	2888.676	2888.677
(b) Trade payables	3367.901	3114.249	2955.351
(c) Other current liabilities	10578.553	7081.527	6573.846
(d) Short-term provisions	3.729	2.397	5.323
Total Current Liabilities (4)	16838.724	13086.849	12423.197
TOTAL	8834.020	8471.528	8145.324
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	378.887	420.957	462.737
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	5.468	7.774	10.118
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	300.067	300.067	300.067
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	79.596	76.112	75.130
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	764.018	804.910	848.052
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	363.263	398.178	372.110
(c) Trade receivables	6443.072	6042.724	5711.495
(d) Cash and cash equivalents	25.352	15.446	23.893
(e) Short-term loans and advances	643.478	615.433	594.937
(f) Other current assets	594.837	594.837	594.837
Total Current Assets	8070.002	7666.618	7297.272
TOTAL	8834.020	8471.528	8145.324

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	1357.763	1155.975	1613.843
	Other Income	33.895	235.313	12.306
	TOTAL	1391.658	1391.288	1626.149
Less	EXPENSES
	Cost of Materials Consumed	652.552	724.694	1104.867
	Purchases of Stock-in-Trade	33.333	0.313	21.402
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	14.347	(8.299)	18.574
	Employees benefits expense	151.140	139.783	117.231
	Other expenses	424.306	406.500	548.281
	TOTAL	1275.678	1262.991	1810.355
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	115.980	128.297	(184.206)
Less	FINANCIAL EXPENSES	536.119	536.116	536.116
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(420.139)	(407.819)	(720.322)
Less/ Add	DEPRECIATION/ AMORTISATION	42.727	42.824	56.355
	EXTRA ORDINARY ITEMS	1.639	1.639	0.000
	PROFIT/ (LOSS) BEFORE TAX	(464.505)	(452.282)	(776.677)
Less	TAX	0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX	(464.505)	(452.282)	(8776.677)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	(9585.820)	(9133.538)	(8356.861)
	Balance Carried to the B/S	(10050.325)	(9585.820)	(9133.538)
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	NA	77.602	247.140
	TOTAL EARNINGS	NA	77.602	247.140
	IMPORTS
	Raw Materials	NA	130.998	250.454
	Components and Stores parts	NA	20.704	27.401
	TOTAL IMPORTS	NA	151.702	277.855
	Earnings / (Loss) Per Share (Rs.)	(13.67)	(13.31)	(22.85)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin PAT / Sales	(%)	(34.21)	(39.13)	(48.13)
Operating Profit Margin (PBDIT/Sales)	(%)	8.54	11.10	(11.41)
Return on Total Assets (PBT/Total Assets}	(%)	(5.45)	(5.54)	(9.91)
Return on Investment (ROI) (PBT/Networth)		0.05	0.05	0.09
Debt Equity Ratio (Total Debts/Networth)		(0.32)	(0.67)	(0.70)
Current Ratio (Current Asset/Current Liability)		0.48	0.59	0.59

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	399.862	399.862	399.862
Reserves & Surplus	(8634.462)	(9086.744)	(9551.249)
Net worth	(8234.600)	(8686.882)	(9151.387)
long-term borrowings	2851.807	2946.783	0.000
Short term borrowings	2888.677	2888.676	2888.541
Total borrowings	5740.484	5835.459	2888.541
Debt/Equity ratio	(0.697)	(0.672)	(0.316)

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1613.843	1155.975	1357.763
		(28.371)	17.456

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1613.843	1155.975	1357.763
Profit	(776.677)	(452.282)	(464.505)
	(48.13%)	(39.13%)	(34.21%)

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	No
10	Date of Birth of Proprietor / Partners / Directors	No
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
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

OPERATIONS AND MANAGEMENT DISCUSSION AND ANALYSIS (As on 31.03.2014):

During the year , total revenue decreased to Rs. 1391.300 Million as against Rs. 1626.100 Million in the previous year. This was due to paucity of working capital inspite of further narrowing down the working capital cycle to avail maximum rotation of funds. There was a cash profit to the tune of Rs 132.000 Million as against a cash loss of Rs. 178.100 Million before interest and Depreciation in the previous year. Overall performance of the textile industry in India continued to be under pressure due to increased prices of raw materials and other resources. Income from Silk Division improved during the current year.

BUSINESS OUTLOOK (As on 31.03.2014):

Demand for textile products have been on the fall for the higher end products like wool rich products due to global recession and have been the reason for not so encouraging top line. Coupled with this, sporadic fiscal instability in certain global markets was a cause of concern. Although, the demand for the same has started showing some improving trends and hence the company is optimistic and continuing its vigorous efforts in domestic as well as in foreign market.

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80035082	05/03/2006	264,326,522.00	INDOWORTH INDIA LIMITED	B-130/1 MIDC INDUSTRIAL AREA BUTIBORI, NAGPUR - 441601, Maharashtra, INDIA	-
2	80035070	05/03/2006	1,381,021,224.00	MERINO YARNS LIMITED	70 PLOVER ROAD, LINDLEY, HUDDERSFIELD, HUDDERSFIELD, - HD33HR, UNITED KINGDOM	-
3	90256009	29/03/2004 *	1,511,600,000.00	ICICI BANK LIMITED	C-23; G- BLOCK ; BANNDRA KURLA COMPLEX, MUMBAI - 400051, Maharashtra, INDIA	-
4	90252775	29/03/2004 *	100,000,000.00	INDUSTRIAL DEVLOPMENT BANK OF INDIA	IDBI TOWER; CUFFE PARADE, MUMBAI - 400005, Maharashtra, INDIA	-
5	90253862	09/08/2004 *	2,907,000,000.00	STATE BANK OF INDIA	ICI HOUSE; 34 JL NEHRU ROAD;, KOLKATA - 700071, West Bengal , INDIA	-
6	90253834	25/09/1998	100,000,000.00	THE INDUSTRIAL CREDIT INVESTMENT CORPORTION OF IND  IA LIMITED	163; BACKBAY RECLATION ; MUMBAI - 400020, Maharashtra, INDIA	-
7	90253803	23/03/2013 *	100,000,000.00	India SME Asset Reconstruction Company Limited	SME Development Centre, C-11, G- Block, Bandra- K  urla Complex, Bandra (East), Mumbai -  400051, Maharashtra, INDIA	B75532770
8	90253800	24/03/1998 *	60,000,000.00	INDUSTRIAL DEVLOPMENT BANK OF INDIA	IDBI TOWER; CUFFE PARADE; COLABA, MUMBAI - 400005, Maharashtra, INDIA	-
9	90255869	29/03/2004 *	60,000,000.00	INDUSTRIAL DEVLOPMENT BANK OF INDIA	IDBI TOWER; CUFFE PARADE, MUMBAI - 400005, Maharashtra, INDIA	-
10	90255852	09/08/2004 *	20,000,000.00	STATE BANK OF INDIA	CO. ACCOUNTS GROUP BRANCH, 24 J. NEHRU ROAD, KOLKATA - 700071, West Bengal, INDIA	-

UNSECURED LOANS

PARTICULAR	31.03.2015 (Rs. In Million)	31.03.2014 (Rs. In Million)
SHORT TERM BORROWINGS
Book Overdraft From Banks	NA	917.455
Deposit :
Others	NA	0.135
Total	NA	917.590

FIXED ASSETS

· Free Hold Land

· Lease Hold Land

· Building

· Plant and Machinery

· Electrical Installation

· Vehicle

· Furniture and Fixtures

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.70.76

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	DIV
Report Prepared by :	PNM

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.