MIRA INFORM REPORT

Report No. :	329100
Report Date :	26.06.2015

IDENTIFICATION DETAILS

Name :	TRANSPEX -SILOX INDUSTRY PRIVATE LIMITED (w.e.f. 11.12.2014)
Formerly Known As :	TRANSPEK-SILOX INDUSTRY LIMITED
Registered Office :	Kalali Road, Atladara, Vadodara – 390012, Gujarat
Tel. No.:	91-265-2680401
Country :	India
Financials (as on) :	31.12.2014
Date of Incorporation :	29.03.1996
Com. Reg. No.:	04-029188
Capital Investment / Paid-up Capital :	Rs. 120.609 Million
CIN No.: [Company Identification No.]	U28999GJ1996PTC029188
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	BRDT00555C
PAN No.: [Permanent Account No.]	AAACT3739J
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Inorganic Chemicals.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (68)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Exists
Comments :	Subject is a well-established and reputed company having fine track record. Financial position of the company seems to be sound. Director are reported to be experienced and respectable businessmen. Overall fundamentals of the company seems to be strong and healthy. Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – 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

Rating Agency Name	CRISIL
Rating	Long term rating = AA
Rating Explanation	Have high degree of safety and carry very low credit risk.
Date	May 22, 2014

Rating Agency Name	CRISIL
Rating	Short term rating = A1+
Rating Explanation	Have strong degree of safety and carry lowest credit risk.
Date	May 22, 2014

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) 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 DENIED BY

Name :	Mr. Anil
Designation :	General Manager
Contact No.:	91-265-2680401
Date :	25.06.2015

LOCATIONS

Registered Office / Factory 1 :	Kalali Road, Atladra, Vadodara – 390012, Gujarat, India
Tel. No.:	91-265-2680401/ 2/ 3/ 4/ 5
Mobile No.:
Fax No.:	91-265-2680406/ 2680062
E-Mail :	dsmhjni@tilbrd.com cs@tsilbrd.com rjeevm@tilbrd.com (Domestic) rajeevn@tilbrd.com (Exports) anirudh@tsilbrd.com (Purchase) creer@tsilbrd.com (HRM) anil.inani@tstilbrd.com
Website :	www.transpek-silox.com
Location :	Owned
Factory :	Plot No.79, 6 Village Karajgm Silvassa – 396230, Dadra and Nagar Haveli, united territory, India Located At Ekalbara, Vadodara, Gujarat, India
Branch Office :	Dewar House 102, Next to Centeral Camera, D.M. Road, Fort, Mumbai – 400001, Maharashtra, India

DIRECTORS

As on 12.03.2015

Name :

Mr. Ashwin Chmpraj Shroff

Designation :

Chairman

Address :

B-15, Vasanta Theoophical Society, Juhu Road, Juhu, Mumbai, Maharashtra, India

Date of Birth/Age :

22.01.1945

Date of Appointment :

18.01.2001

DIN No.:

00019952

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	L24200MH1960PLC011807	EXCEL INDUSTRIES LIMITED	Managing director	01/02/2015	15/07/1975	-	Active	NO
2	L23205GJ1965PLC001343	TRANSPEK INDUSTRY LIMITED	Director	02/05/1980	02/05/1980	-	Active	NO
3	U65990MH1983PLC030597	KAMALJYOT INVESTMENTS LIMITED	Director	09/11/1984	09/11/1984	-	Active	NO
4	U24110MH1991PTC063399	PHTHALO COLOURS AND CHEMICALS (INDIA) LIMITED	Director	23/07/1992	23/07/1992	26/04/2013	Active	NO
5	U91110DL1980GAP216937	CROPLIFE INDIA	Director	30/09/1999	30/09/1999	18/02/2013	Active	NO
6	U28999GJ1996PTC029188	TRANSPEK-SILOX INDUSTRY Private Limited	Director	18/01/2001	18/01/2001	-	Active	NO
7	L74999MH1964PLC012878	EXCEL CROP CARE LTD	Director	20/09/2001	20/09/2001	-	Active	NO
8	U65993MH2006PLC164038	ECCL INVESTMENTS AND FINANCE LIMITED	Director	24/08/2006	24/08/2006	26/09/2013	Active	NO
9	U74140DL2006NPL151114	CENTRE FOR BHARATIYA MANAGEMENT DEVELOPMENT	Additional director	25/08/2006	25/08/2006	-	Active	NO
10	U01407MH2008NPL181505	DEVELOPMENTAL AND ECO-FRIENDLY ENTERPRISES	Director	24/04/2008	24/04/2008	-	Active	NO
11	U73100GJ2008NPL054708	INDIAN CENTRE FOR CLIMATE AND SOCIETAL IMPACTS RESEARCH	Director	07/08/2008	07/08/2008	01/08/2014	Active	NO
12	L24230MH1960PLC011586	ANUH PHARMA LIMITED	Director	17/09/2010	30/10/2009	09/11/2012	Active	NO
13	U91990GJ2008NPL053876	FEDERATION OF KUTCH INDUSTRIES ASSOCIATION	Additional director	24/12/2009	24/12/2009	-	Active	NO
14	U24100MH1971PLC015364	ANSHUL SPECIALTY MOLECULES LIMITED	Additional director	14/11/2014	14/11/2014	-	Active	NO
15	U65910MH1980PTC022574	UTKARSH GLOBAL HOLDINGS PRIVATE LIMITED	Additional director	14/11/2014	14/11/2014	-	Active	NO

Name :

Mr. Paresh Manilal Saraiya

Designation :

Managing Director

Address :

18, Chrotar Society, Old Padra Road, Vadodara, , Pin – 390020, Gujarat, India

Qualification:

B. E.(Mech.)

Date of Birth/Age :

12.08.1953

Date of Appointment :

19.01.2001

DIN No.:

00063971

PAN No.:

AHZPS4655B

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	U24231GJ1987PLC009324	PARUL CHEMICALS LIMITED	Director	19/01/1987	19/01/1987	14/12/2009	Amalgamated	NO
2	U29259GJ1970PLC001800	SHROFFS ENGINEERING LTD	Director	24/09/1999	24/09/1999	-	Active	NO
3	U28999GJ1996PTC029188	TRANSPEK-SILOX INDUSTRY Private Limited	Managing director	19/01/2011	19/01/2001	-	Active	NO
4	U02412GJ2006PLC049495	EXCEL GENETICS LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
5	L26100GJ1907PLC000033	ALEMBIC LIMITED	Director appointed in casual vacancy	31/01/2007	31/01/2007	31/03/2011	Active	NO
6	L24230GJ2010PLC061123	ALEMBIC PHARMACEUTICALS LIMITED	Director	29/08/2011	31/03/2011	-	Active	NO
7	U24230GJ2005PLC045447	DINESH REMEDIES LIMITED	Director	31/08/2012	29/09/2011	-	Active	NO
8	U24233GJ2013PTC073668	TechnoKraft Products Private Limited	Director	22/02/2013	22/02/2013	-	Active	NO
9	U26900GJ2012PTC071834	SIAMP Sanitaryware Private Limited	Director	29/09/2014	03/01/2014	-	Active	NO
10	AAB-9242	ASTERIA VENTURES LLP	Designated Partner	11/12/2013	11/12/2013	-	Active	NO

Name :

Mr. Tigrane Mouchegh Djierdjian

Designation :

Director

Address :

26, Boulevard DV Tenao, Monaco, France26, Boulevard DV Tenao, Monaco, France

Date of Birth/Age :

02.09.1948

Date of Appointment :

19.01.2001

DIN No.:

00030676

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	U28999GJ1996PTC029188	TRANSPEK-SILOX INDUSTRY Private Limited	Director	19/01/2001	19/01/2001	-	Active	NO
2	U26900GJ2012PTC071834	SIAMP Sanitaryware Private Limited	Director	05/09/2012	05/09/2012	-	Active	NO

Name :

Mr. Antonio Angelo Di Nallo

Designation :

Director

Address :

75 Avenue De Gulle, F 78600 Maisons Laffitte, France

Date of Birth/Age :

29.09.1948

Date of Appointment :

19.01.2001

DIN No.:

00028439

Name :

Mr. Philippe Georges Coster

Designation :

Director

Address :

18, Rue Du Werihet, 4052, Beaufays, Belgium

Date of Birth/Age :

24.04.1960

Date of Appointment :

19.01.2001

DIN No.:

00028008

Name :

Mr. Lakshminarsimhachari Rajgopaln

Designation :

Director

Address :

A-3, Sahyog, Gorwa – Refinery Road, Vadodara – 390016, Gujarat, India

Date of Birth/Age :

01.07.1937

Date of Appointment :

19.01.2001

DIN No.:

00063935

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	L51909GJ1991PLC015522	HALDYN GLASS LIMITED	Director	09/09/2014	04/10/1995	-	Active	NO
2	U28999GJ1996PTC029188	TRANSPEK-SILOX INDUSTRY Private Limited	Director	19/01/2001	19/01/2001	-	Active	NO
3	L74999MH1964PLC012878	EXCEL CROP CARE LTD	Alternate director	29/05/2013	11/10/2003	30/07/2013	Active	NO
4	U41000TN2003PTC050367	MORF INDIA Private Limited	Nominee director	19/09/2013	01/02/2013	16/08/2014	Active	NO

Name :

Marc Damoisaux-Delnoy

Designation :

Director

Address :

Rue Leon Fredericq, 6, Liege, Belgium – 4020

Date of Birth/Age :

27.04.1965

Date of Appointment :

21.03.2014

DIN No.:

06848600

KEY EXECUTIVES

Name :	Mr. Digamber Shriram Mahajni
Designation :	Secretary
Address :	101, Nityam Homes, 36, Shrinagar Society \, SBI Urmi Branch Lane, Akota, Vadodara – 390020, Gujarat, India
Date of Birth/Age :	19.12.1963
Date of Appointment :	14.03.2012
DIN No.:	ACPPM5455L

MAJOR SHAREHOLDERS

As on 12.03.2015

Names of Shareholders	No. of Shares
Societe Industrielle Liegeoise des oxides S A (Silox), Belgium	10044132
Excel Industries Limited, India	1067450
Transpek Industry Limited, India	949313
Tigrane Djierdjian	1
Antonio Di Nallo	1
Philippe Renier	1
L. Rajagopalan	1
Shailesh K Solnki	1
Total	12060900

As on 12.03.2015

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	83.28
Bodies corporate	16.72
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Inorganic Chemicals.
Products :	Inorganic Chemicals
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
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 :

Information declined by the management

Bankers :

Banker Name	Not Divulged
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

Auditors :
Name :	Deloitte Hakins and Sells Chartered Accountants
Address :	31, Nutan Bharat Society, lakpuri, Vadodara – 390007, Gujarat, India
PAN No.:	AADFD2337G
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Unifab Engineers Transpek Industry Limited Silox S.A. Hydro Technologies (Canada) Inc. Shroff Engineering Limited Excel Industries Limited

CAPITAL STRUCTURE

As on 12.03.2015

Authorised Capital:

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs. 150.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
12060900	Equity Shares	Rs.10/- each	Rs. 120.609 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	01.01.2014 To 31.12.2014	01.01.2013 To 31.12.2013	01.01.2012 To 31.12.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	120.609	120.610	120.609
(b) Reserves & Surplus	2896.860	2435.630	1940.679
(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)	3017.469	2556.240	2061.288
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	145.710	148.200	121.242
(c) Other long term liabilities	181.421	171.810	155.253
(d) long-term provisions	105.230	83.760	79.264
Total Non-current Liabilities (3)	432.361	403.770	355.759
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	422.560	436.350	445.428
(c) Other current liabilities	127.260	70.420	39.645
(d) Short-term provisions	381.670	376.820	336.873
Total Current Liabilities (4)	931.490	883.590	821.946
TOTAL	4381.320	3843.600	3238.993
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1098.280	984.110	919.009
(ii) Intangible Assets	2.830	5.660	8.486
(iii) Capital work-in-progress	33.350	14.250	5.254
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	22.500	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	82.500	43.900	35.583
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1239.460	1047.920	968.332
(2) Current assets
(a) Current investments	1180.170	958.730	576.861
(b) Inventories	186.880	208.140	176.985
(c) Trade receivables	1160.650	1084.220	1067.941
(d) Cash and cash equivalents	457.310	389.310	368.911
(e) Short-term loans and advances	145.320	145.080	71.487
(f) Other current assets	11.530	10.200	8.476
Total Current Assets	3141.860	2795.680	2270.661
TOTAL	4381.320	3843.600	3238.993

PROFIT & LOSS ACCOUNT

	PARTICULARS	01.01.2014 To 31.12.2014	01.01.2013 To 31.12.2013	01.01.2012 To 31.12.2012
	SALES
	Income		5963.406	5753.362
	Other Income		146.347	90.567
	TOTAL	7309.280	6109.753	5843.929
Less	EXPENSES
	Cost of Materials Consumed		3232.606	3174.212
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		(45.605)	7.679
	Employees benefits expense		362.540	331.966
	Other expenses		1215.928	1209.868
	TOTAL	6030.320	4765.469	4723.725
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1278.960	1344.284	1120.204
Less	FINANCIAL EXPENSES	15.720	21.947	19.948
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	1263.240	1322.337	1100.256
Less/ Add	DEPRECIATION/ AMORTISATION	79.350	67.116	61.017
	PROFIT BEFORE TAX	1183.890	1255.221	1039.239
Less	TAX	381.200	421.615	317.053
	PROFIT AFTER TAX	802.690	833.606	722.186
	Earnings Per Share (Rs.)	66.55	69.12	59.88

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	01.01.2014 To 31.12.2014	01.01.2013 To 31.12.2013	01.01.2012 To 31.12.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		01.01.2014 To 31.12.2014	01.01.2013 To 31.12.2013	01.01.2012 To 31.12.2012
Net Profit Margin (PAT / Sales)	(%)	10.98	13.98	12.55
Operating Profit Margin (PBIDT/Sales)	(%)	17.50	22.54	19.47
Return on Total Assets (PBT/Total Assets}	(%)	27.37	32.78	32.14
Return on Investment (ROI) (PBT/Networth)		0.39	0.49	0.50
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		3.37	3.16	2.76

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	01.01.2012 TO 31.12.2012	01.01.2013 TO 31.12.2013	01.01.2014 TO 31.12.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	120.609	120.610	120.609
Reserves & Surplus	1940.679	2435.630	2896.860
Net worth	2061.288	2556.240	3017.469
long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	01.01.2012 TO 31.12.2012	01.01.2013 TO 31.12.2013	01.01.2014 TO 31.12.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5753.362	5963.406	0.000
		3.651	(100.000)

NET PROFIT MARGIN

Net Profit Margin	01.01.2012 TO 31.12.2012	01.01.2013 TO 31.12.2013	01.01.2014 TO 31.12.2014
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	5753.362	5963.406	0.000
Profit	722.186	833.606	802.690
	12.55%	13.98%

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	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	Yes
32	Litigations that the firm/promoter involved in	Yes
33	Market information	--------------------
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

LITIGATION DETAILS

HIGH COURT OF GUJARAT

TAX APPEAL No. 51 of 2008

Status : PENDING

( Converted from : ST/1980/2007 )

CCIN No : 001092200800051

Last Listing Date:

10/12/2014

Coram

HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER

S.NO.	Name of the Petitioner	Advocate On Record
1	ASST. COMMISSIONER OF I.T.	MR KM PARIKH for: Appellant(s)  1

S.NO.	Name of the Respondant	Advocate On Record
1	TRANSPEK SILOX INDUSTRIES LTD.	RULE SERVED for :Opponent(s)  1

Presented On	: 05/07/2007	Registered On	: 05/07/2007
Bench Category	: SINGLE BENCH	District	: VADODARA
Case Originated From	: THROUGH HIS/HER/THEIR ADVOCATE	Listed	: 13 times
StageName	: NOTICE RETURNABLE MATTERS

Classification	DB - OJ - TAX APPEAL - INCOME TAX ACT, 1961 - APPEAL TO HIGH COURT - U/S 260 OF IT ACT - LONG TERM CAPITAL GAIN - U/S 54EA
Act	TAXATION LAWS (CONTINUATION AND VALIDATION OF RECOVERY PROCEEDINGS) ACT, 1964 INCOME-TAX ACT, 1961

Office Details

S. No.	Filing Date	Document Name	Advocate Name	Court Fee on Document	Document Details
1	15/08/2008	DOCUMENT	RULE SERVED  for RESPONDENT(s)  1	-	RULE SERVED:1
Court Proceedings

S. No.	Notified Date	Court Code	Board Sr. No.	Stage	Action	Coram
1	14/07/2008	5	-	FOR ORDERS	NEXT DATE	HONOURABLE THE CHIEF JUSTICE Y.R.MEENA HONOURABLE MR.JUSTICE J.C.UPADHYAYA
2	27/11/2014	5	9	NOTICE RETURNABLE MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER
3	01/12/2014	5	9	NOTICE RETURNABLE MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER
4	03/12/2014	5	21	NOTICE RETURNABLE MATTERS	NEXT DATE	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER
5	10/12/2014	5	27	NOTICE RETURNABLE MATTERS	RULE/ADMIT	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER
Available Orders

S. No.	Case Details	Judge Name	Order Date	CAV	Judgement	Questions	Transferred
1	TAX APPEAL/51/2008	HONOURABLE THE CHIEF JUSTICE Y.R.MEENA HONOURABLE MR.JUSTICE J.C.UPADHYAYA	05/03/2008	N	ORDER	-	Y
2	TAX APPEAL/51/2008	HONOURABLE THE CHIEF JUSTICE Y.R.MEENA HONOURABLE MR.JUSTICE J.C.UPADHYAYA	24/04/2008	N	ORDER	-	Y
3	TAX APPEAL/51/2008	HONOURABLE THE CHIEF JUSTICE Y.R.MEENA HONOURABLE MR.JUSTICE J.C.UPADHYAYA	09/05/2008	N	ORDER	-	Y
4	TAX APPEAL/51/2008	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER	27/11/2014	N	ORDER	-	Y
5	TAX APPEAL/51/2008	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER	01/12/2014	N	ORDER	-	Y
6	TAX APPEAL/51/2008	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER	03/12/2014	N	ORDER	-	Y
7	TAX APPEAL/51/2008	HONOURABLE MR.JUSTICE KS JHAVERI HONOURABLE MR.JUSTICE K.J.THAKER	10/12/2014	N	ORDER	-	Y

S. No.	Applicant Name	Application Type	Application Date	UOL Number	Order Date	Notify Date	Delivery Date	Status	Nature Of Document
1	MR KM PARIKH	ORDINARY	11/12/2014	O/47100/2014	10/12/2014	16/12/2014	17/12/2014	Delivered	ORDER

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10058454	23/01/2013 *	420,000,000.00	STATE BANK OF INDIA	MID-CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA - 390007, Gujarat , INDIA	B70726633
2	90095214	23/01/2013 *	420,000,000.00	STATE BANK OF INDIA	MID-CORPORATE GROUP INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE CIRCLE, VADODARA, Gujarat - 390007, INDIA	B70726708

* Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and Equipments
• Furniture and Fixture
• Vehicles
• Office Equipment’s

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. 63.61
UK Pound	1	Rs. 99.79
Euro	1	Rs. 71.16

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	RAS
Report Prepared by :	PNM

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	8
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		68

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.