MIRA INFORM REPORT

Report No. :	312204
Report Date :	16.03.2015

IDENTIFICATION DETAILS

Name :	P C CHANDRA (GEMS) PRIVATE LIMITED
Registered Office :	P-154/A, Nazrul Islam Avenue, Ultadanga, Kolkata - 700054, West Bengal
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	23.01.2001
Com. Reg. No.:	21-092795
Capital Investment / Paid-up Capital :	Rs.24.601 Million
CIN No.: [Company Identification No.]	U55201WB2001PTC092795
TIN No.:	Not Available
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	CALP03435F
PAN No.: [Permanent Account No.]	AACCP6601K
Legal Form :	Private Limited Liability Company
Line of Business :	Subject is engaged in the business of Jewellery and Ornamental Articles.
No. of Employees :	100 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 230000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. General financial position of the company is sound. Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct. The company can be considered normal 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	ICRA
Rating	Long Term Rating = BBB+
Rating Explanation	Moderate degree of safety. It carry moderate credit risk.
Date	10.01.2014

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.

INFORMATION PARTED BY

Name :	Ms. Pandey
Designation :	Accountant
Contact No.:	91-33-22270709
Date :	14.03.2015

LOCATIONS

Registered Office / Showroom 1 :	P-154/A, Nazrul Islam Avenue, Ultadanga, Kolkata - 700054, West Bengal, India
Tel. No.:	91-33-23554748 / 22271209 / 23554747
Fax No.:	91-33-23553254
E-Mail :	pccgems@vsnl.net
Corporate Office :	85-A, Chowrangi Road, Kolkata – 700020, West Bengal, India
Tel. No.:	91-33-22270709
Fax No.:	91-33-22232911
Showroom 2 :	Chittaranjan Park, New Delhi, India

DIRECTORS

As on 26.09.2014

Name :

Mr. Binoy Kumar Chandra

Designation :

Director

Address :

P-24, CIT Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

23.09.1931

Date of Appointment :

30.01.2001

DIN No.:

00680890

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	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LIMITED	Director	31/01/1965	31/01/1965	-	Active	NO
2	U24295WB1974PTC029523	CHANDRA'S CHEMICAL INDUSTRIES (1973) PRIVATE LIMITED	Director	15/07/1974	15/07/1974	-	Active	NO
3	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	07/06/1976	07/06/1976	06/02/2012	Active	NO
4	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Additional director	15/01/2015	20/01/1982	-	Active	NO
5	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	16/10/1982	16/10/1982	-	Active	NO
6	U51109WB1984PTC037323	DENCOL (INDIA) PRIVATE LIMITED	Director	28/03/1984	28/03/1984	-	Active	NO
7	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	27/12/1988	27/12/1988	-	Active	NO
8	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED.	Director	06/12/1994	06/12/1994	-	Active	NO
9	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	20/03/1996	20/03/1996	-	Active	NO
10	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	03/12/1996	03/12/1996	-	Active	NO
11	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
12	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
13	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	25/07/2000	25/07/2000	-	Active	NO
14	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
15	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	06/02/2012	Active	NO
16	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	10/02/2005	10/02/2005	06/02/2012	Active	NO
17	U36911WB1990PTC048324	P C CHANDRA & COMPANY PRIVATE LIMITED	Director	16/04/2007	16/04/2007	-	Active	NO
18	U45400WB2009PTC132011	C D Properties & Estates Private Limited	Director	15/01/2009	15/01/2009	-	Active	NO
19	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
20	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
21	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	07/02/2012	07/02/2012	-	Active	NO

Name :

Mr. Prosanto Chandra

Designation :

Director

Address :

P-24, CIT Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

07.06.1964

Date of Appointment :

30.01.2001

DIN No.:

00715495

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	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PRIVATE LIMITED	Director	08/05/1989	08/05/1989	-	Active	NO
2	U36911WB1990PTC048324	P C CHANDRA & COMPANY PRIVATE LIMITED	Director	06/02/1990	06/02/1990	-	Active	NO
3	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	02/04/1991	02/04/1991	-	Active	NO
4	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Additional director	15/01/2015	22/11/1995	-	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	15/02/2012	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	06/02/2012	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
9	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PRIVATE LIMITED	Director	30/08/2001	30/08/2001	05/06/2014	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
15	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
16	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
17	U70109WB1996PTC078253	CHANDRAS' REALTOR PRIVATE LIMITED	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Mr. Suvro Chandra

Designation :

Director

Address :

P-24, CIT Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

25.07.1963

Date of Appointment :

30.01.2001

DIN No.:

00715616

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	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	01/04/1986	01/04/1986	-	Active	NO
2	U24295WB1974PTC029523	CHANDRA'S CHEMICAL INDUSTRIES (1973) PRIVATE LIMITED	Director	21/07/1989	21/07/1989	-	Active	NO
3	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	02/04/1991	02/04/1991	-	Active	NO
4	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	15/02/2012	Active	NO
5	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PRIVATE LIMITED	Additional director	09/02/2015	21/06/1997	-	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	01/09/1999	01/09/1999	-	Active	NO
7	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	06/02/2012	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
9	U91110WB1940NPL010249	BENGAL NATIONAL CHAMBER OF COMMERCE & INDUSTRY	Director	09/11/2001	09/11/2001	-	Active	NO
10	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
11	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	-	Active	NO
12	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	06/02/2012	Active	NO
13	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
14	U74990MH2008NPL188773	GJF EVENTS AND PROMOTIONS FEDERATION	Director	12/04/2009	12/04/2009	-	Active	NO
15	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
16	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
17	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	09/02/2015	Active	NO
18	U45400WB2009PTC132011	C D Properties & Estates Private Limited	Director	28/09/2012	15/02/2012	-	Active	NO
19	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LIMITED.	Director	22/09/2012	15/02/2012	-	Active	NO
20	U91990MH2005NPL154999	ALL INDIA GEMS AND JEWELLERY TRADE FEDERATION	Director	01/04/2013	01/04/2013	-	Active	NO

Name :

Amitava Chandra

Designation :

Director

Address :

P-24, CIT Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

12.01.1971

Date of Appointment :

01.01.2005

DIN No.:

00715703

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	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/12/1994	01/12/1994	-	Active	NO
2	U36911WB1988PTC045836	P C CHANDRA EXPORTS PRIVATE LIMITED	Director	05/08/1996	05/08/1996	06/02/2012	Active	NO
3	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LIMITED	Director	01/04/1997	01/04/1997	-	Active	NO
4	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
5	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	16/01/2001	16/01/2001	-	Active	NO
6	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
7	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Additional director	15/01/2015	01/05/2003	-	Active	NO
8	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Director	01/01/2005	01/01/2005	-	Active	NO
9	U36911WB2005PTC104061	P.C. CHANDRA GLOBAL JEWELRY PRIVATE LIMITED	Director	07/07/2005	07/07/2005	01/03/2012	Active	NO
10	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	01/11/2005	01/11/2005	-	Active	NO
11	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	30/11/2006	30/11/2006	-	Active	NO
12	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	30/11/2006	30/11/2006	06/02/2012	Active	NO
13	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	28/06/2010	28/06/2010	06/02/2012	Active	NO
14	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
15	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	28/09/2012	20/02/2012	-	Active	NO
1	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/12/1994	01/12/1994	-	Active	NO

KEY EXECUTIVES

Name :	Ms. Pandey
Designation :	Accountant

MAJOR SHAREHOLDERS

As on 26.09.2014

Names of Shareholders	No. of Shares
Chandra Jaharlal	42395
Chandra Jagadananda	56735
Chandra Kumar Bijoy	52535
Chandra Kumar Binoy	56585
Chandra Kumar Arun	7015
Chandra Kumar Uday	60635
Chandra Prosanto	60635
Chandra Suvro	60535
Chandra Bikram	64585
Chandra Prosemjit	33410
Chandra Rani Sova	3900
Chandra Amitava	60635
Chandra Pratima	8120
Chandra Gouri	8100
P C Chandra Holdings Private Limited, India	1134010
Laha Amita	20
Laha Minati	10
P C Chandra Juels International Private Limited, India	325010
P.C. Chandra Jewellery Apex Private Limited, India	425010
Arun Kumar Chandra Family Trust, India	100
Binoy Kumar Chandra Family Trust, India	100
Total	2460080

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2014

Category	Percentage
Bodies corporate	77.00
Directors or relatives of Directors	10.00
Other top fifty shareholders	13.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Subject is engaged in the business of Jewellery and Ornamental Articles.
Products :	Jewellery and Ornamental Articles
Brand Names :	“P.C. Chandra Jeweller”
Agencies Held :	--
Exports :	Not Divulged
Imports :	Not Divulged
Terms :
Selling :	Cash and Credit (30 Days, 60 Days and 90 Days)
Purchasing :	Cash and Credit (30 Days, 60 Days and 90 Days)

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

No. of Employees :

100 (Approximately)

Bankers :

· Axis Bank Limited, Credit Management Centre (CMC), 1, Shakespeare Sarani, AC Market, 3rd Floor,, Kolkata - 700071, West Bengal, India

· UCO Bank, Kankurgachi Branch, P-154B, C.I.T. Scheme, VIIM, Kolkata - 700054, West Bengal, India

Facilities :

Cash Credit = Rs.200.000 Million (From Axis Bank Limited)

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
SHORT TERM BORROWINGS
Working capital loans from banks	233.241	284.790
Total	233.241	284.790

Auditors :
Name :	S. Dutt and Company Chartered Accountants
Address :	P-26B, C. I. T. Road, 2nd Floor, Kolkata – 700014, West Bengal, India
PAN No.:	AAXFS4826M
Memberships :	--
Collaborators :	--
Associates :	P.C. Chandra and Sons (India) Private Limited CIN No.: U36911WB1982PTC034463 P C Chandra (Jewellers) Private Limited CIN No.: U36911WB1986PTC040090 P C Chandra Juels International Private Limited CIN No.: U36911WB2005PTC101624 P.C. Chandra Jewellery Apex Private Limited CIN No.: U36911WB2002PTC095555 P C Chandra Exports Private Limited CIN No.: U36911WB1988PTC045836 P.C. Chandra Estates Private Limited CIN No.: U70101WB1998PTC088564 P C Chandra Holdings Private Limited CIN No.: U65993WB1996PTC082164 P C Chandra and Company Private Limited CIN No.: U36911WB1990PTC048324 Goldlites India Private Limited CIN No.: U28112WB1990PTC048836 DI Jewels Private Limited CIN No.: U24119WB1976PTC030571

CAPITAL STRUCTURE

As on 26.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	Rs.10/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2460080	Equity Shares	Rs.10/- each	Rs.24.601 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	24.601	24.600	24.601
(b) Reserves & Surplus	502.272	422.598	312.858
(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)	526.873	447.198	337.459
(3) Non-Current Liabilities
(a) long-term borrowings	72.404	58.244	71.977
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.518	0.332	63.707
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	72.922	58.576	135.684
(4) Current Liabilities
(a) Short term borrowings	270.831	319.163	185.930
(b) Trade payables	21.786	16.342	36.471
(c) Other current liabilities	137.207	152.495	58.614
(d) Short-term provisions	0.000	5.718	5.719
Total Current Liabilities (4)	429.824	493.718	286.734
TOTAL	1,029.619	999.492	759.877
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	16.853	13.480	11.199
(ii) Intangible Assets	0.614	0.318	0.378
(iii) Capital work-in-progress	5.798	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	14.996	15.002	15.002
(c) Deferred tax assets (net)	0.232	0.210	0.127
(d) Long-term Loan and Advances	23.303	11.481	7.563
(e) Other Non-current assets	0.518	0.598	0.561
Total Non-Current Assets	62.314	41.089	34.830
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	940.996	899.152	697.559
(c) Trade receivables	0.279	2.926	10.807
(d) Cash and cash equivalents	25.341	55.803	16.279
(e) Short-term loans and advances	0.689	0.522	0.402
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	967.305	958.403	725.047
TOTAL	1,029.619	999.492	759.877

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income
		Other Income
		TOTAL		2,149.028	2,218.840	1,961.435
Less	EXPENSES			2,028.215	2,045.357	1,795.346
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION			120.813	173.483	166.089
Less	DEPRECIATION/ AMORTISATION			2.343	1.799	1.884
	PROFIT/(LOSS) BEFORE TAX			118.470	171.684	164.205
Less	TAX			38.758	56.226	52.588
	PROFIT/(LOSS) AFTER TAX			79.712	115.458	111.617
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			375.329	277.089	182.190
Less	APPROPRIATIONS
			Transfer to General Reserve	0.000	11.500	11.000
			Dividend	0.000	4.920	4.920
			Tax on Dividend	0.039	0.798	0.798
	BALANCE CARRIED TO THE B/S			455.002	375.329	277.089
	Earnings / (Loss) Per Share (Rs.)			32.40	NA	45.37

Expected Sales (2014-2015): Rs.3000.000 Million

The above information has been parted by Ms. Pandey

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	11.75	17.44	22.05
Return on Investment (ROI) (PBT/Networth)		0.22	0.38	0.49
Debt Equity Ratio (Total Debt /Networth)		0.65	0.84	0.76
Current Ratio (Current Asset/Current Liability)		2.25	1.94	2.53

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	24.601	24.600	24.601
Reserves & Surplus	312.858	422.598	502.272
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	337.459	447.198	526.873
Long Term borrowings	71.977	58.244	72.404
Short Term borrowings	185.930	319.163	270.831
Total borrowings	257.907	377.407	343.235
Debt/Equity ratio	0.764	0.844	0.651

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
Total Income	1,961.435	2,219.840	2,149.028
		13.174	(3.190)

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Total Income	1,961.435	2,218.840	2,149.028
Profit	111.617	115.458	79.712
	5.69%	5.20%	3.71%

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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
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 LOANS:

Particulars	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
Loans and advances from directors	72.404	58.244
SHORT TERM BORROWINGS
Deposits from shareholders	8.680	4.700
Intercorporate deposits	0.000	3.000
Deposits from others	28.910	26.673
Total	109.994	92.617

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10214207	09/09/2014 *	250,000,000.00	Axis Bank Limited	Corporate Banking Branch, 3rd Floor, Ac Market, 1  Shakespeare Sarani, Kolkata, West Bengal - 700071, India	C22393771

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

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.62.67
UK Pound	1	Rs.93.16
Euro	1	Rs.66.42

INFORMATION DETAILS

Information Gathered by :	PPT
Analysis Done by :	DIV
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
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	5
--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		50

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.