MIRA INFORM REPORT

Report No. :	310380
Report Date :	07.03.2015

IDENTIFICATION DETAILS

Name :	CREATIVE TEXTILE MILLS PRIVATE LIMITED (w.e.f 13.05.2013)
Formerly Known As :	CREATIVE PORTICO (INDIA) PRIVATE LIMITED (w.e.f 16.03.2007) CREATIVE MOBUS FABRIC PRIVATE LIMITED (w.e.f 31.03.2003) CREATIVE MOBUS FABRIC LIMITED (w.e.f 18.10.1996) CREATIVE MOBUS TISSUS LIMITED
Registered Office :	212, Cama Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai – 400013, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	26.09.1996
Com. Reg. No.:	11-102875
Capital Investment / Paid-up Capital :	Rs. 196.994 Million
CIN No.: [Company Identification No.]	U17100MH1996PTC102875
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	Private Limited Liability Company
Line of Business :	The subject is engaged in the business of manufacturing of Textiles Consisting of Fabrics and Made ups.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 2000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track record. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are reported to be regular & as per commitment The company can be considered for 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 – December 31, 2014

Country Name	Previous Rating (30.09.2014)	Current Rating (31.12.2014)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Bank Facilities = BBB+
Rating Explanation	Have Moderate degree safety and carry moderate credit risk
Date	03.03.2015

Rating Agency Name	CARE
Rating	Short Term Bank Facilities = A3+
Rating Explanation	Have Moderate degree safety and carry higher credit risk
Date	03.03.2015

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2014.

INFORMATION DENIED BY

Note: Management Non Corporative (91-22-24962201)

LOCATIONS

Registered Office :	212, Cama Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai – 400013, Maharashtra
Tel. No.:	91-22 22962201
Fax No.:	Not Available
E-Mail :	manojp@creativegarments.com
Website :	http://www.bloomberg.com www.porticoindia.com
Factory :	Located at Vapi and Daman, Gujarat.

DIRECTORS

As on 30.09.2014

Name :

Mr. Birendra Kumar Agarwal

Designation :

Director

Address :

93A, Jolly Marker Apartment – 1, Cuffe Parade, Colaba, Mumbai - 400005

Date of Birth/Age :

30.07.1951

Date of Appointment :

23.12.1996

DIN No.:

00098767

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	U17120mh1984ptc033403	Rachana Udyog (Exports) Pvt Ltd	Director	11/07/84	11/07/84	-	Active	No
2	U45200mh1983ptc030713	Creative Estates Pvt Ltd	Director	11/07/84	11/07/84	-	Active	No
3	U65990mh1986ptc039285	Cg Leasing (Bombay) Pvt Ltd	Director	19/05/86	19/05/86	-	Active	No
4	U51900mh1987ptc043759	Creative Chain Stores Pvt Ltd	Director	07/12/87	07/12/87	-	Active	No
5	U74899dl1987ptc027112	Unnati D.K.S. Engineering Private Limited	Director	14/07/88	14/07/88	-	Active	No
6	U72200mh1986ptc039861	Micro Chip Consultants (Bombay) Pvt Ltd	Director	17/11/93	17/11/93	-	Active	No
7	U17100mh1996ptc102875	Creative Textile Mills Private Limited	Director	23/12/96	23/12/96	-	Active	No
8	U28999mh1987ptc045332	Creative Anti Corrosion Private Limited	Director	28/07/03	28/07/03	-	Active	No
9	U18100mh2004ptc149258	Kavita Fashions Private Limited	Director	27/10/04	27/10/04	-	Active	No
10	U51909mh2004ptc149259	Pushpkunj Trading Company Private Limited	Director	27/10/04	27/10/04	-	Active	No
11	U17120mh2005ptc152914	Dinaaz Garments Private Limited	Director	14/06/05	14/06/05	-	Active	No
12	U18101mh2006ptc160058	Creative Lifestyles Private Limited	Managing Director	01/01/11	27/02/06	-	Active	No
13	U18109ka2005ptc036702	Creative Dresses Private Limited	Director	22/09/06	22/09/06	-	Active	No
14	U18101mh2006ptc165832	Cobalt Creations Private Limited	Director	28/11/06	28/11/06	-	Active	No
15	U18101mh2006ptc165878	Voilet Fashions Private Limited	Director	29/11/06	29/11/06	-	Active	No
16	U74999mh2007ptc175184	Creative Crossover Fashions Private Limited	Director	19/10/07	19/10/07	-	Strike Off	No

Name :

Mr. Prabha N Paddukad

Designation :

Director

Address :

403, Lotus Corporative, Opposite Housing Society, B-1/7, Govardhan Nagar, Mulund (West), Mumbai - 400080

Date of Birth/Age :

30.07.1951

Date of Appointment :

01.09.2003

DIN No.:

00165661

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	U51900MH1988PTC045768	Cardiff Exports Private Limited	Director	30/11/98	30/11/98	-	Amalgamated	NO
2	U17100MH1996PTC102875	Creative Textile Mills Private Limited	Director	30/11/98	30/11/98	28/11/14	Active	NO
3	U17113MH1995PTC084818	Creative Woollen Mills Private Limited	Director	30/11/98	30/11/98	09/07/14	Converted to LLP and dissolved	NO
4	U65990MH1986PTC039285	Cg Leasing (Bombay) Pvt Ltd	Director	30/11/98	30/11/98	19/01/15	Active	NO
5	U72200MH1982PTC027171	Creative Computer And Marketing Pvt Ltd	Director	30/11/98	30/11/98	17/01/15	Active	NO
6	U17120MH1991PTC059699	Creative Polytex P Ltd	Director	30/11/98	30/11/98	19/01/15	Active	NO
7	U28999MH1987PTC045332	Creative Anti Corrosion Private Limited	Director	30/11/98	30/11/98	14/02/15	Active	NO
8	U72200MH1986PTC039861	Micro Chip Consultants (Bombay) Pvt Ltd	Director	30/11/98	30/11/98	18/04/13	Active	NO
9	U17120MH1984PTC033403	Rachana Udyog (Exports) Pvt Ltd	Director	02/05/02	02/05/02	18/04/13	Active	NO
10	U18101MH1991PTC062720	Creative Textile Mills Private Limited	Director	01/09/03	01/09/03	-	Amalgamated	NO
11	U18101MH1982PTC028387	Fashion Mist Garments Pvt Ltd	Director	01/05/04	01/05/04	12/03/13	Converted to LLP and dissolved	NO

Name :

Mr. Arunanshu Vijay Kumar Agarwal

Designation :

Director

Address :

93/ B, Maker Tower, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

15.06.1986

Date of Appointment :

29.07.2007

DIN No.:

00166400

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	U18101MH2005PTC157231	Karl Hogan Clothing Private Limited	Director	14/11/05	14/11/05	-	Active	NO
2	U17120MH2005PTC152915	Pantheon Textiles Private Limited	Director	30/10/06	30/11/05	-	Converted to LLP and dissolved	NO
3	U18101MH2005PTC157121	Element Seven Garment And Textiles Private Limited	Director	28/12/06	30/11/05	28/11/14	Active	NO
4	U45200MH2005PTC157691	Neon Builders Private Limited	Director	28/12/06	13/12/05	-	Active	NO
5	U70100MH2005PTC157724	Griffin Real Estates Private Limited	Director	27/12/06	13/12/05	-	Active	NO
6	U45200MH2005PTC157683	Fantasia Builders Private Limited	Director	14/09/12	13/12/05	-	Active	NO
7	U45200MH2005PTC157726	Gladiator Developers Andrealtors Private Limited	Director	28/12/06	13/12/05	11/02/13	Converted to LLP and dissolved	NO
8	U72100MH2005PTC157725	Enigma Realtors Private Limited	Director	28/12/06	13/12/05	08/04/08	Active	NO
9	U70100MH2006PTC158958	Harmony Landmarks And Real Estate Private Limited	Director	27/12/06	25/01/06	-	Active	NO
10	U92199MH2006PLC159800	Winsome Properties Limited	Director	26/09/08	02/03/06	-	Active	NO
11	U70100GJ2006PTC066218	Nucleus Developers Private Limited	Director	27/12/06	02/03/06	-	Converted to LLP and dissolved	NO
12	U70100MH2006PTC159758	Prisim Properties Private Limited	Director	02/03/06	02/03/06	11/02/13	Converted to LLP and dissolved	NO
13	U45200MH2006PTC160021	Dream Wisdom Construction Company Private Limited	Director	02/03/06	02/03/06	24/01/15	Active	NO
14	U45200MH2006PTC159798	Yati Developers Private Limited	Director	27/12/06	02/03/06	24/01/15	Active	NO
15	U01112UP2007PLC033771	Hindustan Bioenergy Limited	Director	21/08/07	21/08/07	-	Active	NO
16	U18101MH1984PTC033537	Creative Garments Private Limited	Director	29/09/07	02/09/07	-	Active	NO
17	U17100MH1996PTC102875	Creative Textile Mills Private Limited	Director	29/09/07	02/09/07	-	Active	NO
18	U18101MH1991PTC062720	Creative Textile Mills Private Limited	Director	18/09/10	01/02/10	-	Amalgamated	NO
19	U17110MH2001PTC131545	Sonal Apparel Private Limited	Director	30/09/10	02/03/10	20/01/15	Active	NO
20	U34101MH2004PTC148617	Dc Creative Auto Designs Private Limited	Director	26/08/10	30/04/10	-	Converted to LLP and dissolved	NO
21	U18101MH2005PTC156842	Creative Garments And Textiles Private Limited	Director	15/09/10	18/05/10	23/01/15	Active	NO
22	U36900MH2003PTC142381	Creative Living (India) Private Limited	Director	14/09/10	19/06/10	-	Converted to LLP and dissolved	NO
23	U74900MH2010PTC208238	Marvel Builders Private Limited	Director	26/09/10	26/09/10	27/01/15	Active	NO
24	U74900MH2010PTC208241	Nucleus Builders Private Limited	Director	26/09/10	26/09/10	27/01/15	Active	NO
25	U40109TG2009PTC062483	Viaton Energy Private Limited

Name :

Mr. Shivhari Jamnadhar Agarwal

Designation :

Director

Address :

M-93, Greater Kailash I, New Delhi – 110048, India

Date of Birth/Age :

27.07.1962

Date of Appointment :

27.09.2007

DIN No.:

00206605

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	U18101mh1984ptc033537	Creative Garments Private Limited	Director	24/07/84	24/07/84	-	Active	No
2	U74899dl1985ptc020843	Priyanka Investment Private Limited	Director	17/09/87	17/09/87	-	Active	No
3	U74899dl1987ptc027112	Unnati D.K.S. Engineering Private Limited	Director	14/07/88	14/07/88	-	Active	No
4	U74899dl1993plc056293	Qai (India) Limited	Director	03/12/93	03/12/93	-	Active	No
5	U18101mh1991ptc062720	Creative Textile Mills Private Limited	Director	01/09/03	01/09/03	-	Amalgamated	No
6	U17100mh1996ptc102875	Creative Textile Mills Private Limited	Director	27/04/07	27/04/07	-	Active	No
7	U45200dl2007ptc158023	Ila Estates Private Limited	Director	17/06/07	17/06/07	02/08/11	Active	No
8	U52190dl2008ptc174002	Vayu Designs Private Limited	Director	13/02/08	13/02/08	-	Active	No
9	U51900mh1987ptc043759	Creative Chain Stores Pvt Ltd	Director	01/04/13	30/09/09	-	Active	No
10	U51909dl2011ptc218134	Vispr Fashions Private Limited	Director	26/04/11	26/04/11	-	Active	No

Name :

Mr. Surendra Bhauwala

Designation :

Director

Address :

420/13, 13^th Main, MC Layout, Vijay Nagar, Bangalore – 560 040, Karnataka, India

Date of Birth/Age :

20.01.1956

Date of Appointment :

27.09.2008

DIN No.:

01426212

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	U18101ka1993ptc014524	Creative Wear Private Limited	Director	30/09/95	30/09/95	-	Active	No
2	U18101ka1998ptc024535	Creative International Private Limited	Director	01/03/00	01/03/00	-	Active	No
3	U17100mh1996ptc102875	Creative Textile Mills Private Limited	Director	27/09/08	28/04/08	-	Active	No

Name :

Mr. Shivkumar Kishanlal Kedia

Designation :

Director

Address :

301, Orchid Tower, Vasant Vally Film City Road, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

02.06.1949

Date of Appointment :

28.09.2012

DIN No.:

01842336

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	U18101mh1982ptc028387	Fashion Mist Garments Pvt Ltd	Director	20/08/87	20/08/87	12/03/13	Converted To Llp And Dissolved	No
2	U51900mh1987ptc043759	Creative Chain Stores Pvt Ltd	Director	21/08/87	21/08/87	-	Active	No
3	U18101mh1984ptc033537	Creative Garments Private Limited	Director	19/12/90	19/12/90	-	Active	No
4	U17120mh1984ptc033403	Rachana Udyog (Exports) Pvt Ltd	Director	26/09/96	26/09/96	-	Active	No
5	U18101mh2006ptc165878	Voilet Fashions Private Limited	Director	29/11/06	29/11/06	-	Active	No
6	U18101mh2005ptc157231	Karl Hogan Clothing Private Limited	Director	30/09/09	04/09/09	-	Active	No
7	U17120mh2005ptc150951	Syntis Textiles Private Limited	Director	18/09/10	02/08/10	-	Active	No
8	U18101mh1991ptc062720	Creative Textile Mills Private Limited	Director	28/09/12	01/08/12	-	Amalgamated	No
9	U17210mh2008ptc177917	Creative Portico Private Limited	Director	25/09/12	01/08/12	-	Active	No
10	U17100mh1996ptc102875	Creative Textile Mills Private Limited	Director	28/09/12	01/08/12	-	Active	No
11	U45200mh2005ptc157726	Gladiator Developers Andrealtors Private Limited	Additional Director	30/11/12	30/11/12	11/02/13	Converted To Llp And Dissolved	No
12	U45200mh2006ptc160021	Dream Wisdom Construction Company Private Limited	Additional Director	23/01/15	23/01/15	-	Active	No
13	U18101mh2005ptc156842	Creative Garments And Textiles Private Limited	Additional Director	23/01/15	23/01/15	-	Active	No
14	U74900mh2010ptc208238	Marvel Builders Private Limited	Additional Director	24/01/15	24/01/15	-	Active	No
15	U74900mh2010ptc208241	Nucleus Builders Private Limited	Additional Director	24/01/15	24/01/15	-	Active	No
16	U45200mh2006ptc159798	Yati Developers Private Limited	Additional Director	24/01/15	24/01/15	-	Active	No
17	U17120mh1991ptc059699	Creative Polytex P Ltd	Additional Director	10/02/15	10/02/15	-	Active	No

Name :

Mr. Vishwanshu Agarwal

Designation :

Director

Address :

93/ B, Maker Tower, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

29.04.1988

Date of Appointment :

28.09.2012

DIN No.:

03313920

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	U18101mh1984ptc033537	Creative Garments Private Limited	Director	30/09/11	15/10/10	-	Active	No
2	U70100mh2006ptc158958	Harmony Landmarks And Real Estate Private Limited	Director	28/09/12	16/03/12	-	Active	No
3	U17100mh1996ptc102875	Creative Textile Mills Private Limited	Director	28/09/12	21/05/12	-	Active	No
4	U34101mh2004ptc148617	Dc Creative Auto Designs Private Limited	Director	24/09/12	01/06/12	-	Converted To Llp And Dissolved	No
5	U18101mh1991ptc062720	Creative Textile Mills Private Limited	Director	28/09/12	01/08/12	-	Amalgamated	No
6	U17210mh2008ptc177917	Creative Portico Private Limited	Director	25/09/12	01/08/12	-	Active	No
7	U17120mh2005ptc150952	Beond Textiles Private Limited	Director	25/09/12	24/08/12	11/02/13	Converted To Llp And Dissolved	No
8	U67120mh1996ptc102710	Creative Global Stock Broking Private Limited	Director	30/09/13	29/03/13	-	Active	No
9	U45200mh2006ptc159798	Yati Developers Private Limited	Director	27/09/13	24/06/13	-	Active	No
10	U17114mh2000ptc125845	Creative Home Furnishing International Private Limited	Director	27/09/13	27/06/13	-	Active	No
11	U72200mh1982ptc027171	Creative Computer And Marketing Pvt Ltd	Director	30/09/13	27/06/13	-	Active	No
12	U52300mh2010ptc209836	Resource World Exim Private Limited	Nominee Director	18/12/13	18/12/13	-	Active	No
13	U18101mh1982ptc027515	Creative Casual India Private Limited	Director	30/09/14	27/03/14	-	Active	No
14	U55100mh1993ptc071718	Candy Industries Pvt Ltd	Additional Director	28/10/14	28/10/14	-	Active	No
15	U17120mh2005ptc150958	Syntis Garments Private Limited	Additional Director	19/01/15	19/01/15	-	Active	No
16	U17120mh1991ptc059699	Creative Polytex P Ltd	Additional Director	19/01/15	19/01/15	-	Active	No
17	U65990mh1986ptc039285	Cg Leasing (Bombay) Pvt Ltd	Additional Director	19/01/15	19/01/15	-	Active	No
18	U17120mh2005ptc150951	Syntis Textiles Private Limited	Additional Director	22/01/15	22/01/15	-	Active	No
19	U17291mh2011ptc222249	Farm Cot Fiber Private Limited	Additional Director	23/01/15	23/01/15	-	Active	No
20	U45200mh2006ptc160021	Dream Wisdom Construction Company Private Limited	Additional Director	23/01/15	23/01/15	-	Active	No

Name :

Mrs. Vijeta Agarwal

Designation :

Director

Address :

93/B, Marker Tower, Cuffe Parade, Colaba, Mumbai - 400005

Date of Birth/Age :

05.07.1986

Date of Appointment :

30.09.2013

DIN No.:

06683900

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	U17100MH1996PTC102875	Creative Textile Mills Private Limited	Director	30/09/13	30/09/13	21/10/14	Active	NO
2	U18101MH1984PTC033537	Creative Garments Private Limited	Director	30/09/14	27/03/14	-	Active	NO
3	U18101MH1982PTC027515	Creative Casual India Private Limited	Director	30/09/14	27/03/14	-	Active	NO
4	U17210MH2008PTC177917	Creative Portico Private Limited	Director	30/09/14	27/03/14	-	Active	NO
5	U74999MH1987PTC044924	Apparel Media Pvt Ltd	Additional director	14/02/15	14/02/15	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

Note: Shareholders File Attached

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	23.91
Directors or relatives of Directors	74.54
Other top fifty shareholders	1.55
Total	100.00

BUSINESS DETAILS

Line of Business :

The subject is engaged in the business of manufacturing of Textiles Consisting of Fabrics & Made ups.

Products :

ITC Code	Product Descriptions
6114	Garments
61142000	Garments
	PCS

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Not Available

Bankers :

• DCB Bank Limited

601 & 602, Peninsula Business Park, 6th floor,,

Tower A, Senapati Bapat Marg, Lower Parel,, Mumbai - 400013,

Maharashtra, India

• Union Bank Of India

Mumbai Samachar Marg Branch,,

66/80,Mumbai Samachar Marg, Fort, Mumbai - 400023,

Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan From Banks	0.322	0.000
Term Loan From Others	2.083	2.755
Total	2.405	2.755
Short-term borrowings
Working capital loans from banks (Textual information (55) [See below])	954.878	964.722
Total	957.283	967.477

Auditors :
Name :	Viral Rajesh Joshi Chartered Accountants
Address :	192, Dr. D. N. Road, Mumbai - 400001
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFK1143L
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
16,500,000	Equity Shares	Rs.10/- each	Rs.165.000 Million
10,500,000	Preference Shares	Rs.10/- each	Rs. 105.000 Million
	Total		Rs. 270.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
9,199,431	Equity Shares	Rs.10/- each	Rs.91.994 Million
10,500,000	Preference Shares	Rs.10/- each	Rs. 105.000 Million
	Total		Rs. 196.994 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	196.994	196.994	191.760
(b) Reserves & Surplus	512.582	490.951	497.010
(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)	709.576	687.945	688.770
(3) Non-Current Liabilities
(a) long-term borrowings	421.378	445.453	376.761
(b) Deferred tax liabilities (Net)	46.249	49.788	28.101
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	6.075	5.388	8.195
Total Non-current Liabilities (3)	473.702	500.629	413.057
(4) Current Liabilities
(a) Short term borrowings	955.987	964.866	711.983
(b) Trade payables	157.569	145.121	224.600
(c) Other current liabilities	123.119	78.692	103.408
(d) Short-term provisions	18.224	15.654	13.085
Total Current Liabilities (4)	1254.899	1204.333	1053.076
TOTAL	2438.177	2392.907	2154.903
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	672.862	759.669	637.322
(ii) Intangible Assets	22.862	30.409	2.304
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	25.357	0.005	25.013
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	6.221	18.916	18.839
(e) Other Non-current assets	1.404	6.985	0.687
Total Non-Current Assets	728.706	815.984	684.165
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	565.358	480.299	632.776
(c) Trade receivables	610.126	493.538	538.986
(d) Cash and cash equivalents	30.574	129.008	41.250
(e) Short-term loans and advances	447.280	442.316	254.219
(f) Other current assets	56.133	31.762	3.507
Total Current Assets	1709.471	1576.923	1470.738
TOTAL	2438.177	2392.907	2154.903

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	TOTAL INCOME	0.000	0.000	0.0000
Less	EXPENSES	0.000	0.000	0.000
	PROFIT/ (LOSS) BEFORE TAX	65.259	33.072	31.377
Less	TAX	26.457	12.041	9.392
	PROFIT/ (LOSS) AFTER TAX	38.802	21.031	21.985
	Earnings / (Loss) Per Share (Rs.)	4.22	2.29	2.53

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	2.70	1.38	1.47
Return on Investment (ROI) (PBT/Networth)		0.09	0.05	0.05
Debt Equity Ratio (Total Debt /Networth)		1.94	2.05	1.58
Current Ratio (Current Asset/Current Liability)		1.36	1.31	1.40

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	191.760	196.994	196.994
Reserves & Surplus	497.010	490.951	512.582
Net worth	688.770	687.945	709.576
long-term borrowings	376.761	445.453	421.378
Short term borrowings	711.983	964.866	955.987
Total borrowings	1088.744	1410.319	1377.365
Debt/Equity ratio	1.581	2.050	1.941

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	No
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	No
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Term Loan from banks	30.492	54.368
Loans and Advances from related parties	388.280	388.280
Deposits from others	0.200	0.050
Short-term borrowings
Loans and advances from related parties	1.109	0.144
Total	420.081	442.842

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10489994	24/06/2014 *	240,000,000.00	THE RATNAKAR BANK LIMITED	SHAHUPURI,KOLHAPUR,, KOLHAPUR, Maharashtra - 41600  1, INDIA	C08473639
2	10292538	31/05/2011	150,000,000.00	UNION BANK OF INDIA	MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMAC  HAR MARG, FORT,, MUMBAI, Maharashtra - 400023, IND  IA	B15123508
3	10206858	21/10/2013 *	420,000,000.00	UNION BANK OF INDIA	Mumbai Samachar Marg Branch,, 66/80,Mumbai Samachar Marg, Fort, Mumbai, Maharashtra - 400023, INDIA	B88525266
4	10187700	05/11/2009	40,000,000.00	BANK OF MAHARASHTRA	GROUND FLOOR, AMIR INDUSTRIAL ESTATE,, SUN MILL C  OMPOUND, LOWER PAREL,, MUMBAI, Maharashtra - 40001  3, INDIA	A73691198
5	10163630	29/03/2012 *	72,670,000.00	DENA BANK	SUN INDUSTRIAL ESTATE, SUN MILL COMPOUND,, LOWER  PAREL, MUMBAI, Maharashtra - 400013, INDIA	B39991427
6	10064183	19/12/2012 *	305,000,000.00	BANK OF MAHARASHTRA	Lower Parel Branch, Sun Mill Compound, Lower Pare  l (W), MUMBAI, Maharashtra - 400013, INDIA	B77000693
7	90214107	23/08/2012 *	180,000,000.00	Standard Chartered Bank	Crescenzo, 3A/F, Plot no. C-38 & 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, INDIA	B56936222

FIXED ASSETS

Tangible assets

• Owned and leased assets
• Land
• Buildings
• Other building
• Plant and equipment
• Factory equipment’s
• Other plant and equipment
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipment’s
• Other equipment’s

Intangible assets

• Computer software
• Other intangible assets

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.62.20
UK Pound	1	Rs.94.71
Euro	1	Rs.68.60

INFORMATION DETAILS

Information Gathered by :	SUV
Analysis Done by :	RAS
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		52

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.