MIRA INFORM REPORT

Report No. :	330553
Report Date :	03.07.2015

IDENTIFICATION DETAILS

Name :	ANUVI CHEMICALS LIMITED (w.e.f. 03.01.2008)
Formerly Known As :	ANUVI CHEMICALS PRIVATE LIMITED
Registered Office :	205, Narmada, 2^nd Floor, Laxmi Industrial Premises, Pokharan Road No. 1, Vartak Nagar, Thane – 400606, Maharashtra
Tel. No.:	91-22-25855400
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	26.04.1988
Com. Reg. No.:	11-047161
Capital Investment / Paid-up Capital :	Rs. 17.142 Million
CIN No.: [Company Identification No.]	U24110MH1988PLC047161
IEC No.:	0391140710
TAN No.: [Tax Deduction & Collection Account No.]	PNEA07414B
PAN No.: [Permanent Account No.]	AAACA1007G / AAACA10079
Legal Form :	A Closely Held Public Limited liability Company
Line of Business :	Manufacturing of Speciality Ecofriendly Products and Customised Solutions for Various Industries like Paint, Non – woven Textiles, Leather, Construction Etc.
No. of Employees :	15 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

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

Maximum Credit Limit :	USD 45000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company incorporated during the year 1988. It is engaged in the business of manufacturing of speciality eco-friendly products and customized solutions for various industries like paint, non-woven textiles, leather, construction etc. It has a moderate track record. In view of financials of year 2014, the company has incurred huge accumulated losses which led to modest net worth position and huge borrowings taken by the company. Further, there is unfavorable gap between trade payables and receivables and company has average liquidity profile Trade relations are reported as fair. Business is active. Payments terms are slow. In view of leverage balance sheet profile, company can be considered for business dealing 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 – 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 is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ 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. Namrata
Designation :	Account Executive
Contact No.:	91-22-25855435
Date :	03.07.2015

LOCATIONS

Registered Office :	205, Narmada, 2^nd Floor, Laxmi Industrial Premises, Pokharan Road No. 1, Vartak Nagar, Thane – 400606, Maharashtra, India
Tel. No.:	91-22-25855400/ 25855379/ 25855434/ 25855435
Fax No.:	91-22-25855714/ 25855435
E-Mail :	sales@anuvichem.com anuvi@vsnl.com
Website :	http://www.anuvichem.com http://www.anuvi.in http://www.resikon.in
Area :	560 sq ft
Location :	Owned
Factory / Research:	Plot No. W 71 B and Part, MIDC Industrial Area, Badlapur – 421503, District – Thane, Maharashtra, India
Tel. No.:	91-251-2690418
Fax No.:	91-251-2690769
Area :	1382 sq. ft.
Location :	Leased
Sales/ Marketing Office :	G-210/211, Narmada, Laxmi Industrial Premises, Vartak Nagar, Thane 400606, Maharashtra, India

DIRECTORS

As on 29.09.2014

Name :

Dr Krishna Kumar Saxena

Designation :

Whole-time Director

Address :

25 E/4, Model Town, Balrajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India

Date of Birth/Age :

15.08.1939

Date of Appointment :

01.06.2008

DIN No. :

00048423

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	U25209DL1976PLC008309	HPL ADDITIVES LIMITED	Director	13/10/2005	13/10/2005	06/02/2012	Active	NO
2	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2013	01/06/2008	-	Active	NO

Name :

Dr. (Mrs.) Kanaklata Krishna Kumar Saxena

Designation :

Managing Director

Address :

25 E/4, Model Town, Balrajeshwar Road, Mulund, Mumbai-400080, Maharashtra, India

Date of Birth/Age :

01.11.1945

Qualification :

M.Sc (Chem), Gold Medalist, Ph.D

Date of Appointment :

01.06.2013

DIN No.:

00143968

Name :

Mr. Rajesh Kumar Anandlal Saxena

Designation :

Whole Time Director

Address :

25 A, Miniland Tank Road, Bhandup, Mumbai-400078, Maharashtra, India

Date of Birth/Age :

10.10.1942

Qualification :

M.A. (Eco) MSW

Date of Appointment :

01.06.2008

DIN No.:

00144215

Name :

Prof. Vinod Chintamani Malshe

Designation :

Whole Time Director

Address :

33 / 34 3^rd Floor,10 Kamdhenu, Kalpataru, Constructions, Hari Om Nagar, Mulund (East), Mumbai – 400603, Maharashtra, India

Date of Birth/Age :

28.02.1947

Qualification :

M.Sc (Tech), Ph.D (Tech)

Date of Appointment :

01.06.2013

DIN No.:

00642540

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	L23209DL1991PLC219214	INTERLINK PETROLEUM LIMITED	Director	30/06/1998	30/06/1998	13/10/2008	Active	NO
2	U24110MH2000PLC128198	FILTRA CATALYSTS AND CHEMICALS LIMITED	Director	01/09/2001	01/09/2001	-	Active	NO
3	U24100PN2004PLC140957	POROCEL INDIA LIMITED	Director	19/09/2004	19/09/2004	30/03/2009	Active	NO
4	U29299PN2005PTC020920	ECOSUSTAIN TECHNOLOGIES PRIVATE LIMITED	Director	23/06/2005	23/06/2005	-	Active	NO
5	U74110PN2006PTC129206	PEERLESS TECHNO-LEGAL SERVICES PRIVATE LIMITED	Director	03/03/2007	03/03/2007	-	Strike off	NO
6	U27101MH1986PTC041207	TRANSPARENT TECHNOLOGIES PRIVATE LIMITED	Director	08/07/2007	08/07/2007	-	Active	NO
7	L99999MH1994PLC076236	Astec Lifesciences Limited	Director	30/09/2008	10/03/2008	-	Active	NO
8	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Whole-time director	01/06/2013	14/03/2008	-	Active	NO
9	U74999MH2008PTC180168	AM Ozonics Private Limited	Director	17/03/2008	17/03/2008	-	Active	NO
10	L25209MH1961PLC012223	RESINS AND PLASTICS LIMITED	Director	23/09/2009	27/01/2009	04/09/2013	Active	NO

Name :

Dr. Rajan Saxena

Designation :

Whole Time Director

Address :

27-A-31, Takshila Apartments, Mahakali Road, Andheri (East), Mumbai – 400093, Maharashtra, India

Date of Birth/Age :

27.10.1949

Date of Appointment :

14.03.2008

DIN No.:

00784698

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	L74899DL1992PLC048460	STG Lifecare Limited	Director	28/04/2000	28/04/2000	31/01/2009	Active	NO
2	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Additional director	14/03/2008	14/03/2008	-	Active	NO
3	U45200MH1995PTC093041	LODHA DEVELOPERS Private Limited	Director	22/09/2009	16/09/2009	24/12/2011	Active	NO
4	U70101MH1994PTC081108	MACROTECH CONSTRUCTIONS PRIVATE LIMITED	Director	20/08/2010	25/09/2009	24/12/2011	Amalgamated	NO
5	U99999MH1994PTC076937	LODHA ESTATE P.LTD.	Director	25/08/2010	25/09/2009	21/10/2010	Active	NO
6	U70100MH1985PTC038213	COWTOWN LAND DEVELOPMENT PVT LTD	Director	23/09/2010	25/09/2009	21/10/2010	Active	NO
7	L32101DL1986GOI023501	MAHANAGAR TELEPHONE NIGAM LIMITED	Nominee director	29/03/2010	29/03/2010	30/03/2013	Active	NO
8	U45201MH2006PTC164295	ADINATH BUILDERS PRIVATE LIMITED	Director	30/09/2011	21/10/2010	24/12/2011	Active	NO
9	U66030MH2006PLC165287	Future Generali India Insurance Company Limited	Director	25/08/2011	15/11/2010	12/03/2015	Active	NO
10	U66010MH2006PLC165288	Future Generali India Life Insurance Company Limited	Director	25/08/2011	15/11/2010	12/03/2015	Active	NO
11	U80301MH2011NPL219728	NMIMS Business School Alumni Association	Director	13/07/2011	13/07/2011	-	Active	NO
12	U74900HR2015FTC054366	GRADUATE MANAGEMENT GLOBAL CONNECTION (INDIA) PRIVATE LIMITED	Additional director	08/04/2015	08/04/2015	-	Active	NO

Name :

Mr. Vivek Krishna Kumar Saxena

Designation :

Director

Address :

25 E/4, Model Town, Balrajeshwar Road, Mulund (West), Mumbai, India

Date of Birth/Age :

09.06.1971

Qualification :

B.Sc (Hons.), M.M.S. (Marketing), M.M.S. (Finance)

Date of Appointment :

23.03.2007

DIN No.:

01947344

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	U22219MH2007PTC168132	ZIPCASH CARD SERVICES PRIVATE LIMITED	Director	24/02/2007	24/02/2007	-	Active	NO
2	U24110MH1988PLC047161	ANUVI CHEMICALS LIMITED	Director	23/03/2007	23/03/2007	-	Active	NO
3	U72900MH2010PTC198731	RaiseBill Services Private Limited	Director	11/01/2010	11/01/2010	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Namrata
Designation :	Account Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2014

Names of Shareholders	No. of Shares
Kanaklata K. Saxena	135189
Rajesh Kumar A. Saxena	30789
Krishna Kumar Saxena	5374
Sonal Vivek Saxena	17
Anupriya Amol Jahagrdar	17
Comdr Amol Santosh Jahagirdar, Mumbai	17
Vivek Krishnakumar Saxena	17
Total	171420

As on 29.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of Speciality Ecofriendly Products and Customised Solutions for Various Industries like Paint, Non – woven Textiles, Leather, Construction Etc.

Products :

Item Code No.	Product / Service Description
3906.9090 3905.9090	Resin emulsions and chemicals for Paints, ink, paper, textiles Leather and Construction Industry

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Goods

Countries :

• Srilanka
• Oman
• Nigeria

Imports :

Products :

Raw Material

Countries :

• Korea
• Singapore

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

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 :

15 (Approximately).

Bankers :

Banker Name	The Thane Janata Sahakari Bank Limited
Branch Address	Dindayal Bhavan, Jambi Naka, Thana – 400601, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	91-22-25841111
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

The Thane Janata Sahakari Bank Limited, TJSB House, Plot No.B-5, Road No.2, Behind Aplab, Lab, Wagle Industrial Estate, Thane (W), Thane - 400604, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Term Loan from Banks	7.256	9.172
SHORT TERM BORROWINGS
Packing credit loan	4.615	12.180
Bank Cash credit loan	27.261	28.741
Total	39.132	50.093

Auditors :
Name :	Desai Saksena and Associates Chartered Accountants
Address :	1^st Floor, Laxmi Building, Sir P. M. Road, Fort, Mumbai-400001, Maharashtra, India
Tel. No.:	91-22-66261600 / 66261615
Fax No.:	91-22-66261617
E-Mail :	dsacas@eth.net contact@dsaca.co.in
Website:	http://www.dsaca.co.in
PAN. No:	AABFD6281B
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 29.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
171420	Equity Shares	Rs.100/- each	Rs.17.142 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	17.142	17.142	11.999
(b) Reserves & Surplus	(1.141)	2.132	7.253
(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)	16.001	19.274	19.252
(3) Non-Current Liabilities
(a) long-term borrowings	10.256	10.672	2.446
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	1.065	0.985	0.750
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	11.321	11.657	3.196
(4) Current Liabilities
(a) Short term borrowings	31.876	40.921	33.050
(b) Trade payables	58.022	46.410	38.003
(c) Other current liabilities	6.673	8.064	4.532
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	96.571	95.395	75.585
TOTAL	123.893	126.326	98.033
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	27.132	13.618	14.717
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	14.188	0.183
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.100	0.100	0.088
(c) Deferred tax assets (net)	1.014	1.129	0.934
(d) Long-term Loan and Advances	2.406	3.014	0.611
(e) Other Non-current assets	0.054	0.046	0.062
Total Non-Current Assets	30.706	32.095	16.595
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	34.243	29.979	23.355
(c) Trade receivables	48.479	53.560	47.109
(d) Cash and cash equivalents	4.503	4.501	3.404
(e) Short-term loans and advances	5.962	6.191	7.570
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	93.187	94.231	81.438
TOTAL	123.893	126.326	98.033

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	270.711	247.291	265.264
	Other Income	1.187	1.449	0.296
	TOTAL (A)	271.898	248.740	265.560
Less	EXPENSES
	Cost of Materials Consumed	202.814	188.615	206.295
	Manufacturing Expenses	23.355	21.638	20.011
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	6.003	(3.780)	(1.934)
	Employees benefits expense	14.630	15.474	13.922
	Other expenses	16.125	15.862	11.687
	TOTAL (B)	262.927	237.809	249.981
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	8.971	10.931	15.579
Less	FINANCIAL EXPENSES (D)	8.165	7.961	7.578
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	0.806	2.970	8.001
Less/ Add	DEPRECIATION/ AMORTISATION (F)	3.252	2.950	3.029
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	(2.446)	0.020	4.972
Less	TAX (H)	0.826	(0.001)	1.711
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	(3.272)	0.021	3.261
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (J)	2.132	7.253	13.991
Less	Issue of Bonus Shares (K)	0.000	5.142	9.999
	Balance Carried to the B/S (I+J-K)	(1.140)	2.132	7.253
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	49.869	53.627	28.358
	TOTAL EARNINGS	49.869	53.627	28.358
	IMPORTS
	Raw Materials	94.764	69.892	50.073
	TOTAL IMPORTS	94.764	69.892	50.073
	Earnings / (Loss) Per Share (Rs.)	(19.09)	0.16	159.27

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	3.602	3.594	1.287
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	(1.21)	0.01	1.23
Operating Profit Margin (PBIDT/Sales)	(%)	3.31	4.42	5.87
Return on Total Assets (PBT/Total Assets}	(%)	(1.99)	0.02	5.13
Return on Investment (ROI) (PBT/Networth)		(0.15)	0.00	0.26
Debt Equity Ratio (Total Liability/Networth)		2.86	2.86	1.91
Current Ratio (Current Asset/Current Liability)		0.96	0.99	1.08

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	11.999	17.142	17.142
Reserves & Surplus	7.253	2.132	(1.141)
Share Application money pending allotment	0.000	0.000	0.000
Net worth	19.252	19.274	16.001
long-term borrowings	2.446	10.672	10.256
Short term borrowings	33.050	40.921	31.876
Current Maturities of Long Term Debt	1.287	3.594	3.602
Total borrowings	36.783	55.187	45.734
Debt/Equity ratio	1.911	2.863	2.858

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	265.264	247.291	270.711
		(6.776)	9.471

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	265.264	247.291	270.711
Profit	3.261	0.021	(3.272)
	1.23%	0.01%	(1.21%)

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	Yes
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	No
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	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 25/E, 4 Model Town, Bala Rajeshwar Road, Mulund, Mumbai – 400080, Maharashtra, India to the present address w.e.f. 01.10.2006

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
LONG TERM BORROWINGS
Loans from Related Parties	3.000	1.500
Total	3.000	1.500

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10571702	30/04/2015	4,422,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA	C54823877
2	10381554	31/08/2012	9,800,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	TJSB HOUSE, PLOT NO.B-5, ROAD NO.2, BEHIND APLAB,  LAB, WAGLE INDUSTRIAL ESTATE, THANE (W), THANE, MAHARASHTRA - 400604, INDIA	B60087897
3	10369501	16/06/2012	364,000.00	AXIS BANK LIMITED	ASC/CPC MUMBAI, 1ST FLR, JANMABHOOMI BHAVAN, JANM  ABHOOMI MARG, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA	B45286804
4	10348731	28/03/2012	2,000,000.00	THE THANE JANATA SAHAKARI BANK LTD.	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THANE WEST, MAHARASHTRA - 400606, INDIA	B37291663
5	10335839	01/02/2012	3,500,000.00	THE THANE JANATA SAHAKARI BANK LTD.	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THANE WEST, MAHARASHTRA - 400606, INDIA	B32250862
6	10335841	01/02/2012	5,000,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THANE WEST, MAHARASHTRA - 400606, INDIA	B32252595
7	10335845	01/02/2012	7,500,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	LAXMI INDUSTRIAL COMPLEX, VARTAK NAGAR NAKA, THANE WEST, MAHARASHTRA - 400606, INDIA	B32254492
8	10211930	18/03/2010	2,675,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	DINDAYAL BHAVAN, JAMBLI NAKA, THANE, MAHARASHTRA  - 400601, INDIA	A82729393
9	10123222	15/06/2009 *	10,000,000.00	THE THANE JANATA SAHAKARI BANK LTD.	DEENDAYL BHAVAN,, JAMBHLI NAKA, THANE, MAHARASHTRA - 400601, INDIA	A64909708
10	10123221	08/03/2010 *	30,000,000.00	THE THANE JANATA SAHAKARI BANK LIMITED	DINDAYAL BHAVAN, JAMBHLI NAKA, THANE, MAHARASHTRA - 400601, INDIA	A82729419

* Date of charge modification

FIXED ASSETS

• Lease hold Land
• Factory Premises
• Office Equipment
• Plant and Machinery
• Vehicles
• Furniture and Fixtures
• Office Equipment
• Computer
• Laboratory Equipments
• Electrical Fittings
• Air Conditioner
• Fire Extinguisher

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. 63.57
UK Pound	1	Rs. 99.20
Euro	1	Rs. 70.35

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	TSH
Report Prepared by :	TRU

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		29

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.