MIRA INFORM REPORT

Report No. :	312214
Report Date :	21.03.2015

IDENTIFICATION DETAILS

Name :	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED

Registered Office :	P-24, C. I. T. Road, Kolkata – 700014, West Bengal

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	10.02.2005

Com. Reg. No.:	21-101624

Capital Investment / Paid-up Capital :	Rs.25.005 Million

CIN No.: [Company Identification No.]	U36911WB2005PTC101624

TAN No.: [Tax Deduction & Collection Account No.]	CALP06518B

PAN No.: [Permanent Account No.]	AADCP7542A

Legal Form :	Private Limited Liability Company

Line of Business :	The company is engaged in the business of Jewellery and Ornamental Articles.

No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 1340000

Status :	Satisfactory

Payment Behaviour :	Usually correct

Litigation :	Clear

Comments :	Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are usually correct. 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

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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

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

EPF (EMPLOYEE PROVIDENT FUND) 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

Name :	Mr. P Banerjee
Designation :	Chief Accountant
Contact No.:	91-33-22277221
Date :	19.03.2015

LOCATIONS

Registered Office :	P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India
Tel. No.:	91-33-22237974 / 22277221
Fax No.:	91-33-22232911
E-Mail :	amitavachandra@pcchandraindia.com

DIRECTORS

AS ON: 27.09.2014

Name :

Mr. Arun Kumar Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Appointment :

10.02.2005

DIN No.:

00710778

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 LTD	Director	31/01/1965	31/01/1965	-	Active	NO
2	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	20/01/1982	20/01/1982	-	Active	NO
3	U45201WB1982PTC035345	KOLKATA EQUITY HOLDINGS PRIVATE LIMITED	Director	16/10/1982	16/10/1982	-	Active	NO
4	U14107WB1973PTC028724	EMCO GENERAL PLASTIC INDUSTRIES PVT LTD	Director	08/04/1984	08/04/1984	-	Active	NO
5	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	27/12/1988	27/12/1988	06/02/2012	Active	NO
6	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LTD.	Director	06/12/1994	06/12/1994	-	Active	NO
7	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
8	U70109WB1996PTC078253	CHANDRAS' REALTOR PVT LTD	Director	20/03/1996	20/03/1996	-	Active	NO
9	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Managing director	01/04/2013	03/12/1996	-	Active	NO
10	U70101WB1998PTC088564	P.C. CHANDRA ESTATES PRIVATE LIMITED	Director	31/12/1998	31/12/1998	-	Active	NO
11	U72200WB1999PTC090526	CCE SOFTWARE PRIVATE LIMITED	Director	29/10/1999	29/10/1999	-	Active	NO
12	U30007WB2000PTC092185	CIME-CCE SOFTWARE PRIVATE LIMITED	Director	16/01/2001	16/01/2001	-	Active	NO
13	U55201WB2001PTC092795	P C CHANDRA (GEMS) PRIVATE LIMITED	Additional director	02/01/2015	30/01/2001	-	Active	NO
14	U36911WB2002PTC095555	P.C. CHANDRA JEWELLERY APEX PRIVATE LIMITED	Director	24/12/2002	24/12/2002	-	Active	NO
15	U36911WB2005PTC101624	P C CHANDRA JUELS INTERNATIONAL PRIVATE LIMITED	Director	10/02/2005	10/02/2005	-	Active	NO
16	U36911WB1990PTC048324	P C CHANDRA & COMPANY PVT. LTD.	Director	16/04/2007	16/04/2007	-	Active	NO
17	U24119WB1976PTC030571	DI JEWELS PRIVATE LIMITED	Director	01/03/2008	01/03/2008	-	Active	NO
18	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Additional director	15/01/2015	15/01/2015	-	Active	NO

Name :

Mr. Uday Kumar Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Appointment :

30.11.2006

DIN No.:

00715829

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	U36911WB1982PTC034463	P.C.CHANDRA & SONS (INDIA) PRIVATE LIMITED	Director	15/04/1983	15/04/1983	-	Active	NO
2	U36911WB1986PTC040090	P C CHANDRA (JEWELLERS) PRIVATE LIMITED	Director	02/05/1987	02/05/1987	-	Active	NO
3	U65922WB1987PTC042798	P C CHANDRAS FINANCIAL SERVICES PVT LTD	Director	04/08/1987	04/08/1987	05/06/2014	Active	NO
4	U28112WB1990PTC048836	GOLDLITES INDIA PRIVATE LIMITED	Director	16/04/1990	16/04/1990	-	Active	NO
5	U70100WB1995PTC076237	STEVIA REALTORS PRIVATE LIMITED	Director	29/12/1995	29/12/1995	-	Active	NO
6	U36911WB1988PTC045836	P C CHANDRA EXPORTS PVT LTD	Director	15/09/1999	15/09/1999	-	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	Additional director	02/01/2015	30/01/2001	-	Active	NO
9	U70101WB1994PLC066358	CHANDRAS GREEN PROJECT LTD.	Director	23/10/2002	23/10/2002	15/02/2012	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	U70109WB2011PTC163508	SAPPHIRE REALTY PROJECTS PRIVATE LIMITED	Director	08/06/2011	08/06/2011	-	Active	NO
15	U65993WB1996PTC082164	P C CHANDRA HOLDINGS PRIVATE LIMITED	Director	15/02/2012	15/02/2012	-	Active	NO
16	U70109WB1996PTC078253	CHANDRAS' REALTOR PVT LTD	Director	28/09/2012	15/02/2012	-	Active	NO
17	U45400WB2009PTC132011	C D Properties & Estates Private Limited	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Mr. Prosanto Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

27.06.1964

Qualification :

Graduate

Date of Appointment :

30.11.2006

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 PVT LTD	Director	08/05/1989	08/05/1989	-	Active	NO
2	U36911WB1990PTC048324	P C CHANDRA & COMPANY PVT. LTD.	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 PVT LTD	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 PVT LTD	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 PVT LTD	Director	28/09/2012	15/02/2012	-	Active	NO

Name :

Mr. Amitava Chandra

Designation :

Director

Address :

P-24, C. I. T. Road, Kolkata – 700014, West Bengal, India

Date of Birth/Age :

12.01.1971

Qualification :

Graduate

Date of Appointment :

30.11.2006

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 PVT LTD	Director	05/08/1996	05/08/1996	06/02/2012	Active	NO
3	U51392WB1965PTC026344	CHANDRAS' CHEMICALS ENTERPRISES PRIVATE LTD	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

KEY EXECUTIVES

Name :	Mr. P Banerjee
Designation :	Chief Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 27.09.2014

Names of Shareholders		No. of Shares

Chandra Jaharlal		5699
Chandra Jagadananda		5709
Chandra KR Bijoy		5709
Chandra KR Binoy		5705
Chandra KR Arun		5699
Chandra KR Uday		5719
Chandra Suvro		5719
Chandra Prasanto		5719
Chandra Bikram		5719
Chandra Amitava		5719
Chandra Prosenjit		2860
Chandra Holdi		114990
Chandra Udipto		3
Arun KR Chandra Family Trust		10
Bikram Chandra Family Trust		10
CIME CCE Software Private Limited, India		10
Jai Narayan Family Trust, India		10
Chandra’s Chemical Enterprises Private Limited, India		10
Ruby Welfare Trust, India		10
Nalini Bala Chandra Trust, India		10
P C Chandra Jewellery Apex Private Limited, India		75010
Total		250049

Equity Share Break up (Percentage of Total Equity)

AS ON: 27.09.2014

Category	Percentage
Bodies corporate	75.00
Directors or relatives of Directors	24.00
Others	1.00
Total	100.00

BUSINESS DETAILS

Line of Business :	The company is engaged in the business of Jewellery and Ornamental Articles.

Brand Names :	Not Divulged

Agencies Held :	Not Divulged

Exports :	Not Divulged

Imports :	Not Divulged

Terms :	Not Divulged

GENERAL INFORMATION

Suppliers :

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

No. of Employees :

Information declined by the management.

Bankers :

Allahabad Bank, Chowringhee Road Branch, 55, Chowringhee Road, Kolkata - 700071, West Bengal, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Short-term borrowings
Working capital loans from banks	133.885	118.769

Total	133.885	118.769


Banking Relations :	--

Auditors :
Name :	S. Dutt and Company Chartered Accountants
Address :	P-26B, C.I.T. Road, 2^nd Floor , Kolkata - 700014, West Bengal, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAXFS4826M

Memberships :	--

Collaborators :	--

Associates Companies :	P.C. Chandra and Sons (India) Private Limited [U36911WB1982PTC034463] P C Chandra (Jewellers) Private Limited [U36911WB1986PTC040090] P C Chandra (Gems) Private Limited [U55201WB2001PTC092795] P.C. Chandra Jewellery Apex Private Limited [U36911WB2002PTC095555] DI Jewels Private Limited [U24119WB1976PTC030571] P.C. Chandra Estates Private Limited [U70101WB1998PTC088564] P C Chandra Holdings Private Limited [U65993WB1996PTC082164] Chandras ' Chemicals Enterprises Private Limited [U51392WB1965PTC026344] CIME-CCE Software Private Limited [U30007WB2000PTC092185] P C Chandra Exports Private Limited [U36911WB1988PTC045836] Goldlites India Private Limited [U28112WB1990PTC048836] Emco General Plastic Industries Private Limited [U14107WB1973PTC028724]

CAPITAL STRUCTURE

AS ON: 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

500,000	Equity Shares	Rs.100/- each	Rs.50.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

250,049	Equity Shares	Rs.100/- each	Rs.25.005 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	25.005	25.005	25.005
(b) Reserves & Surplus	440.979	347.141	243.171
(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)	465.984	372.146	268.176

(3) Non-Current Liabilities
(a) long-term borrowings	6.752	6.752	35.819
(b) Deferred tax liabilities (Net)	0.499	0.122	0.154
(c) Other long term liabilities	6.121	42.497	31.779
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	13.372	49.371	67.752

(4) Current Liabilities
(a) Short term borrowings	164.002	147.617	101.776
(b) Trade payables	61.656	56.184	68.392
(c) Other current liabilities	70.556	39.546	33.031
(d) Short-term provisions	0.000	7.265	7.265
Total Current Liabilities (4)	296.214	250.612	210.464

TOTAL	775.570	672.129	546.392

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	12.891	11.370	10.448
(ii) Intangible Assets	0.115	0.080	0.000
(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	14.995	15.001	15.001
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	16.355	16.189	15.301
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	44.356	42.640	40.750

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	717.766	621.722	497.338
(c) Trade receivables	0.822	0.951	0.016
(d) Cash and cash equivalents	12.374	6.652	8.192
(e) Short-term loans and advances	0.252	0.164	0.096
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	731.214	629.489	505.642

TOTAL	775.570	672.129	546.392

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1666.609	1440.671	1316.127
	Other Income
	TOTAL	1666.609	1440.671	1316.127

Less	EXPENSES
	TOTAL	1524.186	1276.681	1177.854

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	142.423	163.990	138.273

Less/ Add	DEPRECIATION/ AMORTISATION	1.823	1.590	1.361

	PROFIT/ (LOSS) BEFORE TAX	140.600	162.400	136.912

Less	TAX	46.714	51.165	43.108

	PROFIT/ (LOSS) AFTER TAX	93.886	111.235	93.804

Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	312.691	217.721	140.182

Less	APPROPRIATIONS
	Transfer to General Reserve	0.000	9.000	9.000
	Dividend	0.048	6.251	6.251
	Tax on Dividend	0.000	1.014	1.014

	BALANCE CARRIED TO THE B/S	406.529	312.691	217.721

	Earnings / (Loss) Per Share (Rs.)	375.47	444.86	375.14

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.63	7.72	7.13

Return on Total Assets (PBT/Total Assets}	(%)	18.49	24.71	25.76

Return on Investment (ROI) (PBT/Networth)		0.30	0.44	0.51

Debt Equity Ratio (Total Debt /Networth)		0.37	0.41	0.51

Current Ratio (Current Asset/Current Liability)		2.47	2.51	2.40

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	25.005	25.005	25.005
Reserves & Surplus	243.171	347.141	440.979
Share Application money pending allotment	0.000	0.000	0.000
Net worth	268.176	372.146	465.984

long-term borrowings	35.819	6.752	6.752
Short term borrowings	101.776	147.617	164.002
Total borrowings	137.595	154.369	170.754
Debt/Equity ratio	0.513	0.415	0.366

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	1316.127	1440.671	1666.609
		9.463	15.683

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	1316.127	1440.671	1666.609
Profit	93.804	111.235	93.886
	7.13%	7.72%	5.63%

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	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	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	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	No

UNSECURED LOAN

PARTICULARS	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Loans and advances from directors	6.752	6.752
Short-term borrowings
Deposits from shareholders	7.932	7.932
Deposits from others	22.185	20.916

Total	36.869	35.600

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10087429	20/09/2013 *	70,000,000.00	ALLAHABAD BANK	CHOWRINGHEE ROAD BRANCH, 55,CHOWRINGHEE ROAD, KOL KATA, WEST BENGAL - 700071, INDIA	B86336773

* Date of charge modification

FIXED ASSETS:

Buildings
Plant and equipment
Furniture and fixtures
Vehicles
Office equipment

DIAMOND INDUSTRY – INDIA

- From time immemorial, India is well known in the world as the birthplace for diamonds. It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8^th Century B.C. India, in fact, remained undisputed leader till 18^th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

- The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

- The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

- Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

- Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

- Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

- Excerpts from Times of India dated 30^th October 2010 is as under –

- Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

- The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

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.62.49
UK Pound	1	Rs.92.26
Euro	1	Rs.66.80

INFORMATION DETAILS

Information Gathered by :	DPA

Analysis done by :	RAS

Report Prepared by :	SNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--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		48

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.

MIRA INFORM REPORT

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