MIRA INFORM REPORT

Report No. :	312740
Report Date :	14.03.2015

IDENTIFICATION DETAILS

Name :	INDOFIL INDUSTRIES LIMITED (w.e.f. 05.10.2010)
Formerly Known As :	INDOFIL ORGANIC INDUSTRIES LIMITED
Registered Office :	Kalpataru Square, 4^th Floor, Off Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	09.02.1993
Com. Reg. No.:	11-070713
Capital Investment / Paid-up Capital :	Rs.206.602 Million
CIN No.: [Company Identification No.]	U24110MH1993PLC070713
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUM07395D
PAN No.: [Permanent Account No.]	AABC4568D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Import of Plastic Chemicals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 12300000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established company having a fine track record. The rating reflects company’s healthy financial risk profile marked by adequate liquidity position and decent profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are reported as regular and as per commitment. The company can be considered good for business dealings at usual trade terms and conditions.

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	CRISIL
Rating	Long Term Rating = A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	07.01.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	07.01.2014

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) 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.

LOCATIONS

Registered Office / Head Office :	Kalpataru Square, 4^th Floor, Off Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India
Tel. No.:	91-22-66637373 / 66637555
Fax No.:	91-22-28322272
E-Mail :	indofilcs-icc@modi.com indofil@modi.com sspatil-icc@modi.com smsharma-icc@modi.com
Website :	www.indofilcc.com
Location :	Owned
Factory 1:	Off. S. V. Road, Azad Nagar, Sandoz Baug, Thane – 400607, Maharashtra, India
Tel No.:	91-22-67999100
Fax No.:	91-22-25898357
Factory 2:	Plot No Z8, SEZ Area, Dahej SEZ Limited, Taluka Vagra, Bharauch - 392130, Gujarat, India
Tel. No.:	91-2641-304101

DIRECTORS

As on 20.09.2013

Name :

Mr. Jayaraman Ramachandran

Designation :

Director

Address :

417, Faculty Quarters, Indian Institute of Management, Bannerghatta, Bangalore – 560076, Karnataka, India

Date of Birth/Age :

01.06.1957

Qualification :

Chartered/ Cost Accountant and Doctorate from IIM Ahmedabad

Date of Appointment :

17.08.2007

DIN No.:

00004593

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	U74300KA1998PTC024546	INTEGRATED BRAND.COMM. PRIVATE LIMITED	Director	18/12/1998	18/12/1998	28/06/2012	Active	NO
2	U85110MH1998PLC226134	INDUS-LEAGUE CLOTHING LIMITED	Director	17/04/1999	17/04/1999	15/02/2008	Active	NO
3	L72100KA1989PLC014226	SASKEN COMMUNICATION TECHNOLOGIES LIMITED	Director	22/09/2014	15/06/2000	-	Active	NO
4	U51397DL2005PTC190519	LIFETIME HEALTHCARE PRIVATE LIMITED	Director	01/04/2005	01/04/2005	21/11/2008	Amalgamated	NO
5	U64203MH1997PLC166329	RELIANCE COMMUNICATIONS INFRASTRUCTURE LIMITED	Director	26/06/2005	26/06/2005	16/08/2010	Active	NO
6	U40101KA1986PLC007404	BHORUKA POWER CORPORATION LIMITED	Director	08/12/2005	08/12/2005	26/03/2013	Active	NO
7	L45309MH2004PLC147531	RELIANCE COMMUNICATIONS LIMITED	Director	17/07/2007	07/02/2006	-	Active	NO
8	L52599TN1961PLC028758	REDINGTON (INDIA) LIMITED	Director	21/11/2006	21/11/2006	-	Active	NO
9	U24239MH2001PTC131153	ACCUTEST RESEARCH LABORATORIES INDIA PRIVATE LIMITED	Director	31/10/2007	12/12/2006	12/03/2008	Active	NO
10	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	17/08/2007	06/04/2007	03/06/2014	Active	NO
11	U72900KA2000PLC026980	TEJAS NETWORKS LIMITED	Director	03/08/2007	26/04/2007	21/06/2012	Active	NO
12	U35204KA1996PTC020766	ADITYA AUTO PRODUCTS AND ENGINEERING (INDIA) PRIVATE LIMITED	Director	30/09/2008	30/09/2008	-	Active	NO
13	L72200TG1991PLC013134	Cyient Limited	Director	01/07/2009	17/11/2008	18/07/2012	Active	NO
14	U65999TN2005PLC069447	EASYACCESS FINANCIAL SERVICES LIMITED	Director	16/06/2010	21/05/2010	30/01/2014	Active	NO
15	U67190KA2000PTC043651	AQUARIUS INVESTMENT ADVISORS (INDIA) PRIVATE LIMITED	Director	16/09/2013	24/10/2012	-	Active	NO
16	L63010MH2004PLC073508	ALLCARGO LOGISTICS LIMITED	Director	07/08/2014	14/04/2013	-	Active	NO
17	U85110KA1992GOI013570	ANTRIX CORPORATION LIMITED	Director	10/06/2013	10/06/2013	01/06/2014	Active	NO
18	U72900MH2001PLC131598	RELIANCE INFRATEL LIMITED	Director	30/09/2013	30/08/2013	-	Active	NO
19	U93000MH2013NPL250169	People's Electoral Trust	Additional director	27/01/2014	27/01/2014	31/03/2014	Active	NO

Name :

Mr. Krishan Kumar Modi

Designation :

Director

Address :

A-1, Maharani Bagh, New Delhi – 110065, India

Date of Birth/Age :

27.08.1940

Qualification :

B.Sc., Advanced Management Programme from Harvard

Date of Appointment :

01.03.2012

PAN No.:

AANPM0159M

Voter ID No.:

DKY 1289875

DIN No.:

00029407

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	L65993UP1965PLC003082	MODIPON LIMITED	Director	19/08/1965	19/08/1965	25/01/2007	Active	NO
2	L15429UP1932PLC000469	MODI INDUSTRIES LIMITED	Director	30/04/1970	30/04/1970	-	Active	NO
3	L17111UP1946PLC001428	MODI SPINNING AND WEAVING MILLS COMPANY LIMITED	Director	12/02/1976	12/02/1976	-	Active	NO
4	L16004MH1936PLC008587	GODFREY PHILLIPS INDIA LIMITED	Managing director	14/08/2012	05/11/1979	-	Active	NO
5	U65101DL1992PTC049846	K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED	Director	01/10/2013	05/08/1992	-	Active	NO
6	U74899DL1993PLC051769	HOME COMMUNICATION NETWORK LIMITED	Director	18/01/1993	18/01/1993	01/03/2002	Active	NO
7	U74900DL1993PLC051770	MODICARE SALES AND SERVICES LIMITED	Director	18/01/1993	18/01/1993	-	Strike off	NO
8	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Managing director	01/03/2012	09/02/1993	-	Active	NO
9	U51900MH1994PTC078793	W D CONSUMER PRODUCTS PRIVATE LIMITED	Director	06/06/1994	06/06/1994	-	Strike off	NO
10	U74899DL1995PLC064964	MODI ENTERTAINMENT LIMITED	Director	02/02/1995	02/02/1995	-	Active	NO
11	U74899DL1995PLC072562	INDIAN CRICKET LEAGUE LIMITED	Director	19/09/1995	19/09/1995	-	Active	NO
12	U92100MH1995PTC093949	MODI NEW WORLD INDIA PRIVATE LIMITED	Director	26/10/1995	26/10/1995	-	Active	NO
13	U92110MH1997PTC104951	MODI FILMS ENTERPRISES PRIVATE LIMITED	Director	08/01/1997	08/01/1997	-	Strike off	NO
14	U92113DL1997PTC085957	MODI ENTERTAINERS NETWORKS PRIVATE LIMITED	Director	19/03/1997	19/03/1997	-	Strike off	NO
15	U74899DL1994PLC060724	MODI REACH FINANCE AND INVESTMENT (INDIA) LIMITED	Director	27/08/1997	27/08/1997	-	Amalgamated	NO
16	U67120DL1979PTC114042	INDO EURO INVESTMENT COMPANY PRIVATE LIMITED	Director	18/03/2000	18/03/2000	-	Amalgamated	NO
17	U72200DL1973PLC110617	MODI CARE LIMITED	Director	18/03/2000	18/03/2000	-	Active	NO
18	U29309DL1983PLC016948	MODERN HOME CARE PRODUCTS LIMITED	Director	30/03/2000	30/03/2000	-	Active	NO
19	U67120UP1980PTC004955	TOUCH WOOD INVESTMENT PRIVATE LIMITED	Director	25/05/2000	25/05/2000	-	Amalgamated	NO
20	U74899DL2000PLC106938	MEN INTERACTIVE NETWORK LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
21	U72900MH2000PTC129737	JUNIORBUZZ.COM INDIA PRIVATE LIMITED	Director	24/11/2000	24/11/2000	-	Strike off	NO
22	U72200MH2000PTC124841	CRICLIVE COM INDIA PRIVATE LIMITED	Director	31/08/2001	31/08/2001	-	Active	NO
23	U80302DL2001PTC113471	MODI APOLLO INTERNATIONAL GROUP PRIVATE LIMITED	Director	14/12/2001	14/12/2001	-	Active	NO
24	U74140MH2001PTC132192	MARKETING AND BRAND SOLUTIONS (INDIA) PRIVATE LIMITED	Director	04/07/2003	04/07/2003	-	Amalgamated	NO
25	U24297UP1992PTC014505	AMBER CHEMICALS PRIVATE LIMITED	Director	27/11/2004	27/11/2004	-	Active	NO
26	L51909DL1985PLC021077	PREMIUM MERCHANTS LIMITED	Director	27/04/2005	27/04/2005	-	Active	NO
27	U74999DL1996PTC080090	KKM MANAGEMENT CENTRE PRIVATE LIMITED	Director	19/07/2005	19/07/2005	04/11/2010	Active	NO
28	U72200DL2006PTC152685	EUROPOWER TECHNO-SYSTEMS PRIVATE LIMITED	Director	29/08/2006	29/08/2006	-	Strike off	NO
29	U65993DL1979PLC010060	GOOD INVESTMENTS(INDIA) LIMITED	Director	10/08/2007	07/03/2007	-	Active	NO
30	U80903DL2009PTC196740	MODI ATI EDUCATION PRIVATE LIMITED	Director	23/01/2010	08/12/2009	-	Active	NO
31	U74999MH2007PTC168696	Doruka Designs Private Limited	Director	14/05/2010	14/05/2010	-	Active	NO
32	U92132MH2001PTC134159	FASHION TELEVISION INDIA PRIVATE LIMITED	Director	27/03/2011	27/03/2011	-	Active	NO
33	U92100MH2005PTC155785	VOYAGES ENTERTAINMENT PRIVATE LIMITED	Director	27/03/2011	27/03/2011	28/01/2015	Active	NO
34	U24233GJ2011PTC065293	INDO BAIJIN CHEMICALS PRIVATE LIMITED	Additional director	30/05/2011	30/05/2011	-	Active	NO

Name :

Mr. Samir Modi

Designation :

Director

Address :

A-1, Maharani Bagh, New Delhi - 110065, India

Date of Birth/Age :

15.12.1969

Qualification :

Graduate and Executive MBA from Harvard University, USA Graduate and MBA

From Harvard University, USA

Date of Appointment :

09.02.1993

DIN No. :

00029554

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	U72200DL1973PLC110617	MODI CARE LIMITED	Managing director	01/04/2012	01/02/1992	-	Active	NO
2	U65101DL1992PTC049846	K K MODI INVESTMENT AND FINANCIAL SERVICES PRIVATE LIMITED	Director	05/08/1992	05/08/1992	-	Active	NO
3	U74899DL1993PLC051769	HOME COMMUNICATION NETWORK LIMITED	Director	18/01/1993	18/01/1993	01/03/2002	Active	NO
4	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	09/02/1993	09/02/1993	-	Active	NO
5	L16004MH1936PLC008587	GODFREY PHILLIPS INDIA LIMITED	Whole-time director	01/09/2013	11/01/1994	-	Active	NO
6	U29309DL1983PLC016948	MODERN HOME CARE PRODUCTS LIMITED	Director	27/09/1994	27/09/1994	-	Active	NO
7	U74899DL1995PLC064964	MODI ENTERTAINMENT LIMITED	Director	02/02/1995	02/02/1995	-	Active	NO
8	U74900DL1993PLC051770	MODICARE SALES AND SERVICES LIMITED	Director	15/03/1995	15/03/1995	-	Strike off	NO
9	U67120DL1979PTC114042	INDO EURO INVESTMENT COMPANY PRIVATE LIMITED	Director	07/06/1995	07/06/1995	-	Amalgamated	NO
10	U74899DL1995PLC072562	INDIAN CRICKET LEAGUE LIMITED	Director	19/09/1995	19/09/1995	-	Active	NO
11	U92100MH1995PTC093949	MODI NEW WORLD INDIA PRIVATE LIMITED	Director	26/10/1995	26/10/1995	-	Active	NO
12	U92110MH1997PTC104951	MODI FILMS ENTERPRISES PRIVATE LIMITED	Director	08/01/1997	08/01/1997	-	Strike off	NO
13	U92113DL1997PTC085957	MODI ENTERTAINERS NETWORKS PRIVATE LIMITED	Director	19/03/1997	19/03/1997	-	Strike off	NO
14	U67120UP1980PTC004955	TOUCH WOOD INVESTMENT PRIVATE LIMITED	Director	19/08/1997	19/08/1997	-	Amalgamated	NO
15	U74899DL1994PLC060724	MODI REACH FINANCE AND INVESTMENT (INDIA) LIMITED	Director	27/08/1997	27/08/1997	-	Amalgamated	NO
16	U17118MP1989PLC005568	SUCCESS PRINCIPLES INDIA LIMITED	Director	30/09/1999	30/09/1999	-	Active	NO
17	U74899DL2000PLC106938	MEN INTERACTIVE NETWORK LIMITED	Director	24/07/2000	24/07/2000	-	Active	NO
18	U72900MH2000PTC129737	JUNIORBUZZ.COM INDIA PRIVATE LIMITED	Director	24/11/2000	24/11/2000	-	Strike off	NO
19	U72200MH2000PTC124841	CRICLIVE COM INDIA PRIVATE LIMITED	Director	31/08/2001	31/08/2001	-	Active	NO
20	U74140MH2001PTC132192	MARKETING AND BRAND SOLUTIONS (INDIA) PRIVATE LIMITED	Director	04/07/2003	04/07/2003	-	Amalgamated	NO
21	U24246DL2004PTC125599	COLORBAR COSMETICS PRIVATE LIMITED	Director	02/04/2004	02/04/2004	-	Active	NO
22	U52110DL2004PTC129421	TWENTY FOUR SEVEN RETAIL STORES PRIVATE LIMITED	Director	27/09/2004	27/09/2004	-	Active	NO
23	U51909DL2004PTC129422	SERENDIPITY ENTERPRISES PRIVATE LIMITED	Director	27/09/2004	27/09/2004	-	Active	NO
24	U74999DL1996PTC080090	KKM MANAGEMENT CENTRE PRIVATE LIMITED	Director	19/07/2005	19/07/2005	04/11/2010	Active	NO
25	U80302DL2001PTC113471	MODI APOLLO INTERNATIONAL GROUP PRIVATE LIMITED	Director	14/03/2007	14/03/2007	-	Active	NO
26	U22219DL2007PTC161659	SERENDIPITY DESIGN PRIVATE LIMITED	Director	04/04/2007	04/04/2007	-	Active	NO
27	U74999DL2009PTC192242	THE WALTZING VIENNA COFFEE AND MORE PRIVATE LIMITED	Director	15/07/2009	15/07/2009	-	Active	NO
28	U52390DL2009PTC192241	MODI BRANDS PRIVATE LIMITED	Director	15/07/2009	15/07/2009	-	Active	NO
29	U74899DL1951GAP001947	PHD CHAMBER OF COMMERCE AND INDUSTRY	Director	15/02/2012	15/02/2012	-	Active	NO
30	U51103MH2013PTC251276	Beaute Paris Cosmetics Private Limited	Director	20/12/2013	20/12/2013	-	Active	NO

Name :

Mr. Sunil Kumar Alagh

Designation :

Director

Address :

12C, IL Palazzo, Little GIBBS Road, Malabar Hill, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

06.11.1946

Qualification :

Graduate and MBA from IIM, Kolkata

Date of Appointment :

22.09.2014

DIN No.:

00103320

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	U74999MH2003PTC142685	SKA ADVISORS PRIVATE LIMITED	Director	15/10/2003	15/10/2003	-	Active	NO
2	L63011TG1995PLC020121	GATI LIMITED	Director	22/04/2004	22/04/2004	-	Active	NO
3	L36999KA1999PLC025195	UNITED BREWERIES LIMITED	Director	29/04/2005	29/04/2005	-	Active	NO
4	U67190MH2004PTC146677	TAMARA CAPITAL ADVISORS PRIVATE LIMITED	Director	30/04/2005	30/04/2005	29/12/2010	Active	NO
5	U67120MH1997PLC110386	HSBC InvestDirect (India) Limited	Director	25/07/2006	11/10/2005	29/09/2008	Active	NO
6	U72900DL2006PTC144396	EON PREMEDIA PRIVATE LIMITED	Director	10/08/2006	10/08/2006	14/01/2011	Active	NO
7	U15421RJ1945SGC000285	RAJASTHAN STATE GANGANAGAR SUGAR MILLS LIMITED	Director	11/09/2006	11/09/2006	24/12/2008	Active	NO
8	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	22/09/2014	06/04/2007	-	Active	NO
9	U60232TG2008PLC057692	GATI IMPORT EXPORT TRADING LIMITED	Director	09/12/2011	28/12/2010	-	Active	NO

Name :

Mr. Munesh Khanna

Designation :

Director

Address :

Beachwood House, Ground Floor, Jussawala Wadi, Juhu, Mumbai – 400049, Maharashtra, India

Date of Birth/Age :

12.05.1962

Qualification :

CA

Date of Appointment :

17.08.2007

DIN No.:

00202521

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	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	17/08/2007	06/04/2007	14/04/2014	Active	NO
2	U51909MH2007PTC170716	LEADING AGE TRADING PRIVATE LIMITED	Director	01/09/2007	01/09/2007	01/09/2007	Active	NO
3	L17119GJ1931PLC000093	ARVIND LIMITED	Director	31/07/2008	27/10/2007	15/04/2014	Active	NO
4	U67120MH1995PTC084237	CAPTION INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED	Director	01/11/2007	01/11/2007	-	Active	NO
5	U65910GJ1993PLC020228	EDELWEISS FINANCIAL ADVISORS LIMITED	Director	29/09/2008	19/02/2008	25/05/2009	Amalgamated	NO
6	U45400MH2007PTC175585	YOUTH PROPERTIES PRIVATE LIMITED	Director	15/03/2008	15/03/2008	-	Active	YES
7	U24130MH1994PLC142451	Garware Bestretch Limited	Additional director	17/11/2008	17/11/2008	25/03/2009	Active	NO
8	U17113MH1975PLC018620	GARWARE ELASTOMERICS LIMITED	Additional director	17/11/2008	17/11/2008	25/03/2009	Amalgamated	NO
9	U65999MH2009PTC189564	Resonus Advisors Private limited	Director	14/01/2009	14/01/2009	-	Active	NO
10	U64201GJ1995PLC024598	ARVIND LIFESTYLE BRANDS LIMITED	Director	24/09/2010	31/10/2009	15/04/2014	Active	NO
11	U18101GJ2007PLC050217	ARVIND RETAIL LIMITED	Director	24/09/2010	31/10/2009	-	Amalgamated	NO
12	U65999MH2010FTC208856	Ashmore-Centrum India Opportunities Investment Advisers Private Limited	Director	11/10/2010	11/10/2010	15/12/2011	Active	NO
13	U85191MH2011NPL216343	Solutions India for Social Development	Director	16/04/2011	16/04/2011	-	Active	NO

Name :

Mr. Mahendra Naranji Thakkar

Designation :

Director

Address :

133/134, Chandramani, 7^th Floor, Telang X Road No.3, Matunga, Mumbai – 400019, Maharashtra, India

Date of Birth/Age :

17.10.1941

Qualification :

CA

Date of Appointment :

22.09.2014

DIN No.:

00268818

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	L27310TG1985PLC005423	SAMKRG PISTONS AND RINGS LIMITED	Director	06/11/1998	06/11/1998	-	Active	NO
2	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	22/09/2014	06/04/2007	-	Active	NO
3	L24230MH1984PLC034771	BLISS GVS PHARMA LIMITED	Director	31/07/2007	31/07/2007	31/01/2011	Active	NO
4	L85110KA1986PLC008020	BANGALORE SOFTSELL LIMITED	Director	30/09/2008	29/10/2007	-	Active	NO
5	U99999MH1964PLC012913	HALDYN CORPORATION LIMITED	Director	29/09/2012	30/05/2012	-	Active	NO
6	U65923MH2012PTC238444	MRIYOG INVESTMENTS PRIVATE LIMITED	Director	03/12/2012	03/12/2012	-	Active	NO

Name :

Mr. Sanjay Ramakant Buch

Designation :

Director appointed in casual vacancy

Address :

7/31, Bandra Sona Housing Complex, Krishnachandra Marg, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

26.09.1968

Qualification :

Advocate and Solicitor

Date of Appointment :

22.09.2014

DIN No.:

00391436

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	U24246TG1989PTC010416	SS ORAL HYGIENE PRODUCTS PRIVATE LIMITED	Director	03/12/1999	03/12/1999	-	Amalgamated	NO
2	L99999MH1951PLC008485	DIL LIMITED	Director	24/09/2014	28/04/2007	-	Active	NO
3	U99999MH1993PTC074256	AGFA INDIA PRIVATE LIMITED	Director	27/11/2008	07/04/2008	18/01/2010	Amalgamated	NO
4	U72900MH2008FTC186575	Stanley Engineered Fastening India Private Limited	Director	09/09/2008	09/09/2008	16/09/2010	Active	NO
5	U31409KA2008FTC047837	Black & Decker India Private Limited	Director	23/09/2008	23/09/2008	18/01/2010	Amalgamated	NO
6	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Director	22/09/2014	11/08/2009	-	Active	NO
7	U63090MH1983PTC161369	TRANSWAYS COMBINES PRIVATE LIMITED (TRF.)	Additional director	29/08/2009	29/08/2009	30/09/2009	Active	NO
8	U99999MH1986PLC134021	FERMENTA BIOTECH LIMITED	Director	24/09/2014	22/01/2010	-	Active	NO
9	U93000MH2010FTC211208	SEALCOM INDIA PRIVATE LIMITED	Director	22/12/2010	22/12/2010	-	Strike off	NO
10	U93000MH2010NPL201022	JM Foundation for Excellence in Journalism	Director	30/01/2015	30/01/2015	-	Active	NO

Name :

Mr. Manoj Singh

Designation :

Nominee Director

Address :

D-306, Sector 47, Gautam Budh Nagar, Noida – 201303, Uttar Pradesh, India

Date of Birth/Age :

03.12.1964

Qualification :

IAS

Date of Appointment :

06.06.2012

DIN No.:

03644955

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	U31200UP2003SGC027458	PASHCHIMANCHAL VIDYUT VITRAN NIGAM LIMITED	Managing director	02/09/2011	02/09/2011	02/04/2012	Active	NO
2	U26960UP1961SGC002834	U.P.STATE INDUSTRIAL DEVELOPMENT CORPORATION LIMITED	Managing director	26/05/2012	26/05/2012	-	Active	NO
3	U24110MH1993PLC070713	INDOFIL INDUSTRIES LIMITED	Nominee director	06/06/2012	06/06/2012	-	Active	NO
4	L65993UP1965PLC003082	MODIPON LIMITED	Nominee director	16/08/2012	16/08/2012	-	Active	NO
5	U40103UP2000SGC025310	UPSIDC POWER COMPANY LIMITED	Director	04/10/2012	04/10/2012	-	Active	NO
6	U74120UP2014PTC066979	AGRA PARK LAND & INFRA PRIVATE LIMITED	Director	11/11/2014	11/11/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Suresh
Designation :	Export Manager
Name :	Mr. Chintamani D. Thatte
Designation :	Secretary
Address :	Laxmi Vilas Co-operative Housing Society, Flat No.401, Near Ghantali Mandir, Naurpada, Thane – 400602, Maharashtra, India
Date of Birth/Age :	02.04.1965
Date of Appointment :	20.11.2012
PAN No.:	AABPT7409D

MAJOR SHAREHOLDERS

As on 20.09.2013

SHAREHOLDING DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 20.09.2013

Category	Percentage of Holding
Government [Central and State]	9.45
Public financial companies	1.44
Nationalised or other banks	0.05
Mutual funds	0.01
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	12.19
Bodies corporate	63.46
Directors or relatives of Directors	2.46
Other top fifty shareholders	3.09
Others	7.85
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Import of Plastic Chemicals.

Products :

Product Description	Item Code No. (ITC Code)
ALDRIN (ISO); Binapacryl (ISO); Camphechlor (ISO) (Toxaphene); Captafol (ISO);	38089910
Acrylic Polymers in Primary Forms	39069090

Brand Names :

--

Agencies Held :

--

Exports :

Not Available

Imports :

Not Available

Terms :

Selling :

Not Available

Purchasing :

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
Experience :	Not Available
Maximum Limit Dealt :	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
Experience :	Not Available
Maximum Limit Dealt :	Not Available
Remark :	Not Available

No. of Employees :

Not Available

Bankers :

· Union Bank of India (acting as Lead Bank), Industrial Finance Branch, 1st Floor, Union Bank, Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

· Bank of Bahrain and Kuwait Bsc, 225, Jolly Maker Chambers II, Nariman Point, Mumbai - 400099, Maharashtra, India

· The Shamrao Vithal Cooperative Bank Limited, SVC Tower, Nehru Road, Vakola, Santacruz (East), Mumbai - 400055, Maharashtra, India

· Standard Chartered Bank, Standard Chartered Towers, 3^rd Floor, 201B/1, Western Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Rupee term loans from banks	439.438	356.613
Foreign currency term loans from banks	1040.927	1407.224
Rupee term loans from others	250.000	396.000
Other loans and advances, others (Rupee Hire Purchase Loans)	25.834	18.870
SHORT TERM BORROWINGS
Working capital loans from banks	5310.377	4599.998
Total	7066.576	6778.705

Financial Institutions :	· L and T Finance Limited, L and T House, Ballard Estate, Mumbai - 400001, Maharashtra, India · SICOM Limited, Nirmal, Nariman Point, Mumbai - 400021, Maharashtra, India
Auditors :
Name :	Bansi S. Mehta and Company Chartered Accountants
Address :	Botawala Building, 2^nd Floor, Horniman Circle, Fort, Mumbai – 400001, Maharashtra, India
PAN No.:	AAAFB6405G
Memberships :	--
Collaborators :	--
Subsidiary Companies :	· Quick Investment (India) Limited CIN No.: U65993DL1979PLC010018 · Good Investments (India) Limited CIN No.: U65993DL1979PLC010060 · Indo Baijin Chemicals Private Limited CIN No.: U24233GJ2011PTC065293 · Indofil Bangladesh Private Limited · Indofil – Costarica S.A.
Associate Companies: :	· HIFIL Chemicals Private Limited CIN No.: U24100MH2009PTC198057 · KKM Management Centre Private Limited CIN No.: U74999DL1996PTC080090
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Godfrey Phillips India Limited CIN No.: L16004MH1936PLC008587 · H.M.A. Udyog Private Limited CIN No.: U36999DL1981PTC011548 · Modi Care Limited CIN No.: U72200DL1973PLC110617 · MODI ENTERTAINMENT LIMITED CIN No.: U74899DL1995PLC064964 · Beacon Travels Private Limited CIN No.: U74899DL1988PTC030391 · Bina Fashions and Food Private Limited CIN No.: U51311DL1999PTC099509 · Premium Merchants Limited CIN No.: L51909DL1985PLC021077 · Modi Rubber Limited CIN No.: L25199UP1971PLC003392

CAPITAL STRUCTURE

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
44000000	Equity Shares	Rs.10/- each	Rs.440.000 Million
600000	6% Non-Cumulative Preference Shares	Rs.100/- each	Rs.60.000 Million
	Total		Rs.500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11807086	Fully paid up Equity Shares	Rs.10/- each	Rs.118.071 Million
8855314	Fully Called up Equity Shares	Rs.10/- each	Rs.88.553 Million
	Less: Calls in Arrear		Rs.0.022 Million
	Total		Rs.206.602 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	206.602	206.602	202.741
(b) Reserves & Surplus	4105.945	3293.180	2728.937
(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)	4312.547	3499.782	2931.678
(3) Non-Current Liabilities
(a) long-term borrowings	1756.199	2178.707	2724.478
(b) Deferred tax liabilities (Net)	366.846	266.544	152.891
(c) Other long term liabilities	93.954	91.707	85.501
(d) long-term provisions	51.601	54.677	50.057
Total Non-current Liabilities (3)	2268.600	2591.635	3012.927
(4) Current Liabilities
(a) Short term borrowings	5310.377	4599.998	3578.626
(b) Trade payables	1993.571	1709.218	1481.731
(c) Other current liabilities	1633.927	1317.544	762.470
(d) Short-term provisions	322.153	171.341	112.236
Total Current Liabilities (4)	9260.028	7798.101	5935.063
TOTAL	15841.175	13889.518	11879.668
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2430.935	2358.458	2174.989
(ii) Intangible Assets	3419.408	3326.925	140.275
(iii) Capital work-in-progress	396.301	306.635	2957.793
(iv) Intangible assets under development	632.877	529.250	495.083
(b) Non-current Investments	450.090	450.090	453.732
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	582.032	331.444	103.193
(e) Other Non-current assets	19.535	14.038	10.281
Total Non-Current Assets	7931.178	7316.840	6335.346
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	2395.114	1876.343	2041.518
(c) Trade receivables	4418.400	4096.718	2863.871
(d) Cash and cash equivalents	319.627	197.614	170.485
(e) Short-term loans and advances	735.446	370.534	391.674
(f) Other current assets	41.410	31.469	76.774
Total Current Assets	7909.997	6572.678	5544.322
TOTAL	15841.175	13889.518	11879.668

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	13619.528	11243.701	9756.486
		Other Income	44.509	53.963	73.752
		TOTAL (A)	13664.037	11297.664	9830.238
Less	EXPENSES
		Cost of Materials Consumed	6834.578	5424.146	5235.994
		Purchase of Stock-in-trade	772.742	639.592	390.009
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade	(214.433)	197.396	(119.780)
		Employee Benefits Expenses	1009.795	1017.981	817.529
		Other Expenses	2841.630	2624.522	2287.044
		TOTAL (B)	11244.312	9903.637	8610.796
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2419.725	1394.027	1219.442
Less	FINANCIAL EXPENSES (D)		855.362	534.172	452.195
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1564.363	859.855	767.247
Less/ Add	DEPRECIATION/ AMORTISATION (F)		541.592	233.792	190.500
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		1022.771	626.063	576.747
Less	TAX (H)		113.320	2.959	142.211
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		909.451	623.104	434.536
	EARNINGS IN FOREIGN CURRENCY
		Export of Goods (FOB)	6015.967	5004.078	3894.942
		Other Income(Gross)	39.403	97.427	0.000
	TOTAL EARNINGS		6055.370	151.505	3894.942
	IMPORTS
		Raw Materials	3541.117	2431.209
		Packing Materials	16.534	27.906
		Stores and Spare Parts	2.093	0.885
		Traded Goods	283.941	143.826
		Capital Goods	397.537	262.345
	TOTAL IMPORTS		4241.222	2866.171	5366.314
	Earnings / (Loss) Per Share (Rs.)		44.02	30.16	24.13

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	6.68	5.54	4.45
Operating Profit Margin (PBDIT/Sales)	(%)	17.77	12.40	12.50
Return on Total Assets (PBT/Total Assets}	(%)	7.12	4.97	7.23
Return on Investment (ROI) (PBT/Networth)		0.24	0.18	0.20
Debt Equity Ratio (Total Debt /Networth)		1.64	1.94	2.15
Current Ratio (Current Asset/Current Liability)		0.85	0.84	0.93

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	202.741	206.602	206.602
Reserves & Surplus	2728.937	3293.180	4105.945
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	2931.678	3499.782	4312.547
Long Term borrowings	2724.478	2178.707	1756.199
Short Term borrowings	3578.626	4599.998	5310.377
Total borrowings	6303.104	6778.705	7066.576
Debt/Equity ratio	2.150	1.937	1.639

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	9,756.486	11,243.701	13,619.528
		15.243	21.130

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	9,756.486	11,243.701	13,619.528
Profit	434.536	623.104	909.451
	4.45%	5.54%	6.68%

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	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	-----------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
34]	External Agency Rating, if available	Yes

OPERATIONS

Production of Agrochemicals Division for the year has been 52,709 MT as against 43,258 MT in the previous year and sales have been 34,408 MT against 45,291 MT in the previous year.

In case of Specialty Chemicals Division, the production has been 16,880 MT as against 17,115 MT in the previous year and the sales have been 29,719 MT against 17,268 MT in the previous year.

EXPORTS

The Company made exports (FOB) worth Rs. 6020.000 Million against Rs. 5000.000 Million in the previous year. The renewed steps are being initiated by the Company to enhance exports of both its Agrochemicals and Specialty and Performance Chemicals Divisions.

CAPACITY EXPANSION

During the year, Dahej facility was able to meet the demand for the current year and shall also be able to meet the requirements for the year 2014-15.

Looking forward to the expected demand, the Company proposes to set up a Greenfield Multi-purpose Agro Synthesis facility for production of Multi-products (Technical and Export Formulations) with a capacity of 4,000 TPA of Technical Products and 10,000 TPA of Formulations.

With a vision to be a global leader in growth with customer success, the Company has embarked upon Project Milliard to become a US$ 1 billion Company in next six years. In order to ensure satisfaction and prosperity of its customers, the company has been constantly providing customized solutions with a more focused approach.

JOINT VENTURE WITH SHANGHAI BAIJIN CHEMICAL GROUP CO. (SBC), CHINA FOR CARBON DISULPHIDE (CS2)

The Joint Venture project of the Company at Dahej for manufacturing of Carbon Di-Sulphide (CS2), a major raw material for Mancozeb, progressed very well during the year. The erection work of the state-of-art project was completed in March, 2014 and commercial production was successfully started in April, 2014. The plant will ensure uninterrupted supply of CS2 to the Company. It will take the company to new heights of production excellence.

BRAND ACQUISITION IN EUROPE

After the acquisition of Dithane® brand from Dow AgroSciences, including the rights and associated trademarks of Dithane®, the Company-wide program Project Eureka was launched. The Eureka team successfully met all the challenges and garnered good growth over the previous period. The Company could successfully ensure continuous supply to new Eureka customers. This acquisition has reinforced Company’s reputation as high quality manufacturer of Mancozeb enhancing its presence in Mancozeb variants.

AGRICULTURAL BUSINESS DIVISION

OUTLOOK

The agriculture sector in India continues to receive focused attention from governments, government bodies, banks, financial institutions and other agencies and authorities. Private sector has been steadily investing in farming and agro based business Farm produces fetch decent return to farmers. The new Government is expected to give special attention to pro-agricultural development activities in order to curb rising inflation. All these factors are contributing to growth of agriculture. The monsoon forecast for the ensuing season is uneven and unbalanced due to the effects of El Nino climatic pattern. However with the Company’s strategy to focus on irrigated areas, the near future outlook for the Company appears reasonably good.

The Company is all geared up not only to extract maximum from this positive seasonal outlook in domestic scene but also ensuring dedicated efforts towards geographic expansion in S. America, Brazil & Russia. Achieving full potential of Offices in China/ Bangladesh is among the strategic imperatives Indofil is looking at besides increasing the product portfolio.

SPECIALTY AND PERFORMANCE CHEMICALS DIVISION

INDUSTRY SCENARIO

The Indian chemicals industry, which earned revenues in the range of $ 155-160 billion in 2013, is likely to grow at a rate of 11-12 percent in the next two to three years, wherein the specialty chemicals segment is expected to show considerable growth. Buoyed by key factors such as robust growth in end user segments, government’s and industry’s focus towards manufacturing, value addition and increased competitiveness of Indian manufacturers in the global markets; India is likely to emerge as a major player in the global specialty chemicals domain

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10529525	29/09/2014	980,000,000.00	Indusind Bank Limited	425, D.B. Marg, Opera House, Mumbai, Maharashtra - 400004, India	C32523698
2	10490994	27/03/2014	200,000,000.00	Export Import Bank Of India	Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India	C03362233
3	10507583	14/03/2014	600,000,000.00	Bank Of India	Nariman Point Branch, Air India Building, 216, Backbay Reclamation, Nariman Point, Mumbai, Maharashtra - 400021, India	C10206829
4	10428319	31/08/2013 *	500,000,000.00	The Hongkong And Shanghai Banking Corporation Limited	52/60, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra - 400001, India	B85699684
5	10375981	13/09/2012	313,500,000.00	Bank Of Bahrain And Kuwait Bsc	225, Jolly Maker Chambers Ii, Nariman Point, Mumbai, Maharashtra - 400099, India	B57908998
6	10374098	30/08/2012	100,000,000.00	The Shamrao Vithal Cooperative Bank Limited	Svc Tower, Nehru Road, Vakola, Santacruz (East), Mumbai, Maharashtra - 400055, India	B57094468
7	10361201	01/06/2012	270,000,000.00	Dbs Bank Limited	Upper Ground Floor, Birla Tower, 26, Baramkhambha Road, New Delhi, Delhi - 110001, India	B41776360
8	10367167	01/06/2012	299,700,000.00	Barclays Bank Plc	Ceejay House, Shivsagar Estate, Dr.A.B.Road, Worli, Mumbai, Maharashtra - 400018, India	B44374379
9	10359536	01/06/2012	810,000,000.00	Standard Chartered Bank	23, Narain Manzil, Barakhamba Road, New Delhi, Delhi - 110001, India	B41162512
10	10350631	01/06/2012 *	500,000,000.00	L & T Finance Limited	L & T House, Ballard Estate,, Mumbai, Maharashtra - 400001, India	B42115303
11	10340366	23/02/2012	500,000,000.00	Export Import Bank Of India	Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai, Maharashtra - 400005, India	B34209973
12	10319718	09/11/2011	5,694,900,000.00	Union Bank Of India	Ifb, Ist Floor, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra - 400021, India	B26094508
13	10253687	01/10/2010	120,000,000.00	HDFC Bank Limited	Hdfc Bank Housesenapati Bapat Marg, Lower Parel West, Mumbai, Maharashtra - 400013, India	A99201337
14	10187283	01/10/2009	100,000,000.00	Sicom Limited	Nirmal, Nariman Point, Mumbai, Maharashtra - 400021, India	A73633950
15	10164288	13/05/2009	200,000,000.00	The Shamrao Vithal Co-Operative Bank Limited	Svc Tower, Nehru Road, Vakola, Santacruz(E), Mumbai, Maharashtra - 400055, India	A64568629
16	10152804	12/03/2009	250,000,000.00	Union Bank Of India	Union Bank Bhavan, Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra - 400021, India	A60020252
17	10085471	23/12/2013 *	7,820,000,000.00	Union Bank Of India (Acting As Lead Bank)	Industrial Finance Branch, 1st Flr, Union Bank, B Havan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai, Maharashtra - 400021, India	B96681291
18	10090764	07/12/2007	200,000,000.00	Union Bank Of India Limited	Union Bank Bhavan, 239, Vidhan Bhavan Marg, Mumbai, Maharashtra - 400021, India	A33752189
19	10087339	15/02/2008 *	250,000,000.00	Sicom Limited	Nirmal Bldg1st Floor, Nariman Point, Mumbai, Maharashtra - 400021, India	A33750886
20	10084745	15/02/2008 *	269,500,000.00	Development Credit Bank Limited	301, Trade Plaza, 414, Veer Savarkar Marg,, Prabhadevi, Mumbai, Maharashtra - 400025, India	A34100792
21	10150636	29/03/2007	269,500,000.00	Development Credit Bank Limited	301, Trade Plaza, Veer Savarkar Marg, Prabadevi, Mumbai, Maharashtra - 400025, India	A14013437

*Date of modification Charges

FIXED ASSETS:

· Land – Freehold

· Land – Leashold

· Factory Buildings

· Non-Factory Buildings

· Plant and Machinery

· Other Plant Equipments

· Furniture and Fixture

· Vehicles

· Office Equipments

· Buildings

· Plant and Machinery

· Furniture and Fixture

· Other Equipments

· License, Registration, etc. In Respect of Acquired Business

· Scientific Research Expenditure for Product Development

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.62.57
UK Pound	1	Rs.93.57
Euro	1	Rs.65.95

INFORMATION DETAILS

Analysis Done by :	KAR
Report Prepared by :	VNT

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	6
--LEVERAGE	1~10	6
--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		54

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

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.