MIRA INFORM REPORT

Report No. :	321531
Report Date :	11.05.2015

IDENTIFICATION DETAILS

Name :	PARKSONS PACKAGING LIMITED
Registered Office :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman – 396210, U.T., Daman and Diu
Tel No.:	91-260-2240762 / 63, 2243761 / 63
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.04.1996
Com. Reg. No.:	56-003450
Capital Investment / Paid-up Capital :	Rs.126.783 Million
CIN No.: [Company Identification No.]	U21029DD1996PLC003450
TIN No.:	Not Available
IEC No.:	0397068221
TAN No.: [Tax Deduction & Collection Account No.]	MUMP17332A
PAN No.: [Permanent Account No.]	AABCP6598E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacture and sale of folding cartons.
No. of Employees :	Information denied by management

RATING & COMMENTS

MIRA’s Rating :

A (67)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 5012000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established and largest independent folding carton solutions provider in India having fine track. The company possesses a healthy financial profile marked by decent networth, low gearing and strong debt protection metrics. Management has witnessed a growth in its sales volume during 2014. The ratings also takes into consideration the susceptibility of profitability to volatility in raw material prices and foreign exchange fluctuations. Trade relations are fair. Business is active. Payment terms are reported as regular and as per commitments. In view of established position and reputed client base, the subject can be considered for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – December 31, 2014

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long Term Rating = A-
Rating Explanation	Adequate degree of safety and low credit risk
Date	22.09.2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A2+
Rating Explanation	Very strong degree of safety and carry lowest credit risk
Date	22.09.2014

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 DENIED BY

Name :	Mr. Manoj Jaju
Designation :	General Manager Finance
Contact No.:	91-22-66667200
Date :	07.05.2015

LOCATIONS

Registered Office / Factory 1 :	Unit No. 2, Survey No. 11 and 13, Ringanwada, Nani Daman, Daman – 396210, U.T., Daman and Diu
Tel. No.:	91-260-2240762 / 63, 2243761 / 63
Fax No.:	91-260-2243340 / 2240762
E-Mail :	parksons@daman.parksonspackaging.com parksons@parksonspackaging.com jajum@parksonspackaging.com manoj.jaju@parksonspackaging.com info@parksonspackaging.com
Website :	http://www.parksonspackaging.com
Location :	Owned
Corporate Office 1 :	41/B, Lalbaug Industrial Estate, Dr. Ambedkar Road, Lalbaug, Mumbai – 400012, Maharashtra, India
Tel. No.:	91-22-66667200 / 66635200 / 24700545 / 24716401 / 02
Fax No.:	91-22-66667201 / 66635201
Corporate Office 2:	701/702 Indiabulls Finance Centre, Tower 1, 7th Floor, Senapati Bapat Marg, Elphinston Road (West), Mumbai – 400013, Maharashtra, India
Factory 2:	Gat 357-77, 79, 81, Chakan Talegaon Road, Kharabwadi, Tal Khed, Pune - 410501, Maharashtra, India
Tel. No.:	91-2135-668600
Fax No.:	91-2135-668650
E-Mail:	parksons@pune.parksonspackaging.com
Location:	Owned

DIRECTORS

As on 30.09.2014

Name :

Mr. Ramesh Badriprasad Kejriwal

Designation :

Managing Director

Address :

1101, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

05.10.1950

Date of Appointment :

01.04.2014

PAN No.:

AABPK7489E

DIN No.:

00214028

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24/01/1990	24/01/1990	-	Amalgamated	NO
2	U51900MH1990PTC055039	KIHIM TRADERS PRIVATE LIMITED	Director	29/01/1990	29/01/1990	-	Amalgamated	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01/04/2014	26/04/1996	-	Active	NO
4	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
5	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29/05/1999	29/05/1999	-	Amalgamated	NO
6	U21010MH1965GAP013226	Indian Flexible Packaging and Folding Carton Manufacturers Association	Director	02/08/2002	02/08/2002	-	Active	NO
7	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO
8	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15/09/2010	15/09/2010	24/11/2010	Active	NO

Name :

Mr. Siddharth Ramesh Kejriwal

Designation :

Whole time Director

Address :

1301, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

19.07.1973

Date of Appointment :

01.04.2014

PAN No.:

AABPK7493A

DIN No.:

00263780

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Managing director	01/04/2014	26/04/1996	-	Active	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
3	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	29/09/2006	29/09/2006	-	Active	NO

Name :

Mr. Chaitanya Ramesh Kejriwal

Designation :

Whole time Director

Address :

1201, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

08.10.1979

Date of Appointment :

01.04.2014

PAN No.:

AEFPK2655E

DIN No.:

00214045

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	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Whole-time director	01/04/2014	19/11/2001	-	Active	NO
2	U22219MH1980PTC023358	PARKSONS PRESS PRIVATE LIMITED	Director	28/09/2007	24/11/2006	-	Active	NO
3	U36912MH2010PTC207708	PARKSONS CARTAMUNDI PRIVATE LIMITED	Director	15/09/2010	15/09/2010	24/11/2010	Active	NO

Name :

Mr. Kunal Kumudchandra Shroff

Designation :

Nominee Director

Address :

8, Jay Mahal, 1^st Floor, A Road, Churchgate, Mumbai – 400020, Maharashtra, India

Date of Birth/Age :

01.12.1974

Date of Appointment :

30.09.2006

DIN No.:

00240439

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	U67190DL2004PTC129065	CHRYSCAPITAL INVESTMENT ADVISORS (INDIA) PRIVATE LIMITED.	Director	14/09/2004	14/09/2004	-	Active	NO
2	L45209WB1924PLC004969	SIMPLEX INFRASTRUCTURES LIMITED	Director	19/09/2007	19/05/2006	05/02/2013	Active	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Nominee director	30/09/2006	30/09/2006	24/03/2015	Active	NO
4	L45203MH2001PLC131728	GAMMON INFRASTRUCTURE PROJECTS LIMITED	Director	26/09/2011	12/04/2011	08/11/2012	Active	NO
5	U74900DL2012PTC235889	Nuvo ChrysCapital Advisors Private Limited	Director	16/05/2012	16/05/2012	-	Active	NO

Name :

Mrs. Anjali Devi Ramesh Kejriwal

Designation :

Director

Address :

1101, Saarthi, 33, K. M. Munshi Marg, Chowpathy, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

28.09.1954

Date of Appointment :

02.07.2001

DIN No.:

00252407

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	U51900MH1990PTC055041	CORAL TRADING AND AGENCIES PRIVATE LIMITED	Director	24/01/1990	24/01/1990	-	Amalgamated	NO
2	U15200MH1999PTC119809	SUNIDHI FOODS PRIVATE LIMITED	Director	11/05/1999	11/05/1999	-	Active	NO
3	U51900MH1990PTC055040	SEACREST TRADING AND AGENCIES PRIVATE LIMITED	Director	29/05/1999	29/05/1999	-	Amalgamated	NO
4	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	02/07/2001	02/07/2001	-	Active	NO

Name :

Mr. Suresh Shubhkaran Seksaria

Designation :

Director

Address :

Sea Shell, 1^st Floor, 13, Darabsha Lane, Off. Nepeansea Road, Mumbai – 400006, Maharashtra, India

Date of Birth/Age :

02.01.1949

Date of Appointment :

21.03.2003

DIN No.:

00276580

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	U67120MH1992PTC066843	TRIDHARA SECURITIES PRIVATE LIMITED	Director	25/09/1993	25/09/1993	-	Active	NO
2	U65990MH1994PTC082334	ASCOT SECURITIES AND FINANCE PRIVATE LIMITED	Director	05/10/1995	05/10/1995	-	Active	NO
3	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	21/03/2003	21/03/2003	-	Active	NO
4	U51909WB1997PTC085204	ASHIANA MERCANTILE PRIVATE LIMITED	Additional director	30/03/2007	30/03/2007	-	Active	NO
5	U27300MH1971PTC015501	NAVBHARAT METAL CONTAINERS PRIVATE LIMITED	Director	23/09/2014	10/03/2014	-	Active	NO
6	U99999MH2001PLC134291	APL INFOTECH LIMITED	Director	27/09/2014	14/03/2014	-	Active	NO

Name :

Mr. Ashok Ramni Ranjan Chokhani

Designation :

Director

Address :

502, The Angle, Krishana Sangli Path, Gandevi, Mumbai – 400007, Maharashtra, India

Date of Birth/Age :

10.11.1944

Date of Appointment :

21.03.2003

DIN No.:

01331167

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	U24230MH1977PTC019716	JUPITER DYE CHEM PRIVATE LIMITED	Whole-time director	04/06/2014	22/06/1977	-	Active	NO
2	U65990MH1990PTC056824	SANCHAY HOLDINGS PRIVATE LIMITED	Director	12/06/1990	12/06/1990	-	Active	NO
3	U67120MH1992PTC070064	NIKNIM HOLDINGS PRIVATE LIMITED	Director	18/12/1992	18/12/1992	-	Active	NO
4	U28129MH1994PTC077571	NISHFLEX PACKAGING PRIVATE LIMITED	Director	06/04/1994	06/04/1994	-	Active	NO
5	U45202MH1994PTC079958	LEHAR PROPERTIES PRIVATE LIMITED	Director	29/07/1994	29/07/1994	-	Active	NO
6	U21029DD1996PLC003450	PARKSONS PACKAGING LIMITED	Director	21/03/2003	21/03/2003	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Manoj Nandlal Jaju
Designation :	Company Secretary
Address :	605, B Srinath Nagar CHS, Shiv Vallabh Road, Ashokvan, Dahisar – East, Mumbai – 400068, Maharashtra, India
Date of Birth/Age :	14.02.1972
Date of Appointment :	24.04.2004
PAN No.:	AAJPJ5929N

MAJOR SHAREHOLDERS

As on 30.09.2014

Names of Shareholders	No. of Shares
Ramesh Badriprasad Kejriwal	918260
Sajjan Kejriwal	596780
Anjali Devi Kejriwal	342000
Asha Devi Kejriwal	745434
Ramesh Kejriwal (Trustee of Ramesh Kejriwal Family Trust)	16030
Sajjan Kejriwal	835630
Kapil Kejriwal	1083880
Ramesh Kejriwal	227440
Nidhi Kejriwal	779150
Chaitanya Ramesh Kejriwal	1399730
Ramesh Kejriwal	757140
Siddharth Ramesh Kejriwal	1502140
Siddharth Ramesh Kejriwal	53440
M/s Parksons Press Private Limited, India	142680
Shaili Kejriwal	600246
M/s. Goya Limited, India	2658222
R. Srikanth	10000
Shailesh Potdar	7500
Rajiv Yajnik	1125
Manij Jaj0u	1500
Total	12678327

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	20.97
Bodies corporate	1.13
Directors or relatives of Directors	69.20
Other top fifty shareholders	8.70
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacture and sale of folding cartons.

Products :

Product Description	Item Code No. (ITC Code)
Printed Folded Cartons	48192020

Brand Names :

--

Agencies Held :

--

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS – NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Information denied by management

Bankers :

• Standard Chartered Bank, Narain Manzil, 23, Barakhamba Road, New Delhi – 110001, India
• State Bank of India, Backbay Reclamation Branch, Raheja Chamber, Nariman Point - 400021, 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	43.202	25.901
Foreign currency term loans from banks	326.769	442.939
Other loans and advances	0.520	1.158
Term loans from others	1.633	0.000
SHORT TERM BORROWINGS
Working capital loans from banks	432.179	406.709
Total	804.303	876.707

Auditors :
Name :	S.R. Batliboi And Company Chartered Accountant
Address :	14^th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India
PAN No.:	AALFS0506L
Memberships :	--
Collaborators :	--
Enterprises owned or significantly influenced by key Management personnel or their relatives :	Parksons Press Private Limited CIN No.: U22219MH1980PTC023358 Parksons Cartamundi Private Limited (Formerly known as Parksons Games and Sports) CIN No.: U36912MH2010PTC207708

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Share	Rs.10/- each	Rs.200.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12678327	Equity Share	Rs.10/- each	Rs.126.783 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	126.783	126.757	126.757
(b) Reserves & Surplus	1,627.390	1,401.056	1,171.963
(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)	1,754.173	1,527.813	1,298.720
(3) Non-Current Liabilities
(a) long-term borrowings	372.124	469.998	455.012
(b) Deferred tax liabilities (Net)	203.997	178.735	156.898
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	14.488	12.529	9.483
Total Non-current Liabilities (3)	590.609	661.262	621.393
(4) Current Liabilities
(a) Short term borrowings	432.179	406.709	333.516
(b) Trade payables	312.038	304.706	244.230
(c) Other current liabilities	514.339	321.419	307.041
(d) Short-term provisions	13.819	5.618	15.581
Total Current Liabilities (4)	1,272.375	1,038.452	900.368
TOTAL	3,617.157	3,227.527	2,820.481
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	2,386.609	2,068.147	1,805.001
(ii) Intangible Assets	8.039	2.856	5.046
(iii) Capital work-in-progress	2.387	31.487	42.587
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	15.303	32.280	22.074
(e) Other Non-current assets	2.436	2.421	0.690
Total Non-Current Assets	2,414.774	2,137.191	1,875.398
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	357.972	364.664	332.835
(c) Trade receivables	784.049	659.292	514.537
(d) Cash and cash equivalents	1.469	1.517	16.570
(e) Short-term loans and advances	41.294	54.110	67.756
(f) Other current assets	17.599	10.753	13.385
Total Current Assets	1,202.383	1,090.336	945.083
TOTAL	3,617.157	3,227.527	2,820.481

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		4,093.062	3,614.305	3,066.968
		Other Income		12.131	10.624	16.736
		TOTAL (A)		4,105.193	3,624.929	3,083.704
Less	EXPENSES
		Cost of Materials Consumed		2,397.246	2,101.713	1,775.562
		Purchase of Stock-in-trade		0.000	0.000	0.000
		Changes in Inventories of finished goods, work-in-progress and stock-in-trade		16.679	(5.514)	16.255
		Employee Benefits Expenses		411.450	346.002	290.472
		Other Expenses		607.192	536.999	465.454
		TOTAL (B)		3,432.567	2,979.200	2,547.743
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			672.626	645.729	535.961
Less	FINANCIAL EXPENSES (D)			103.968	118.506	157.138
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			568.658	527.223	378.823
Less	DEPRECIATION/ AMORTISATION (F)			218.065	186.685	169.226
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			350.593	340.538	209.597
Less	TAX (H)			127.542	111.445	60.210
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			223.051	229.093	149.387
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			942.435	713.342	563.955
	BALANCE CARRIED TO THE B/S			1,165.486	942.435	713.342
	EARNINGS IN FOREIGN CURRENCY
			F.O.B. Value of Exports	564.252	474.360	406.197
			Other Earning	0.000	0.000	0.011
	TOTAL EARNINGS			564.252	474.360	406.208
	IMPORTS
			Raw Materials	172.909	105.077	65.301
			Capital Goods	304.750	316.390	35.798
	TOTAL IMPORTS			477.659	421.467	101.099
	Earnings / (Loss) Per Share (Rs.)			17.60	18.07	11.79

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT/Sales)	(%)	5.45	6.34	4.87
Operating Profit Margin (PBDIT/Sales)	(%)	16.43	17.87	17.48
Return on Total Assets (PBT/Total Assets}	(%)	9.70	10.65	7.55
Return on Investment (ROI) (PBT/Networth)		0.20	0.22	0.16
Debt Equity Ratio (Total Debt /Networth)		0.46	0.57	0.61
Current Ratio (Current Asset/Current Liability)		0.94	1.05	1.05

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	126.757	126.757	126.783
Reserves & Surplus	1171.963	1401.056	1627.390
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1298.720	1527.813	1754.173
Long Term borrowings	455.012	469.998	372.124
Short Term borrowings	333.516	406.709	432.179
Total borrowings	788.528	876.707	804.303
Debt/Equity ratio	0.607	0.574	0.459

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	3,066.968	3,614.305	4,093.062
		17.846	13.246

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	3,066.968	3,614.305	4,093.062
Profit	149.387	229.093	223.051
	4.87%	6.34%	5.45%

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

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	CHARGE HOLDER	ADDRESS	Service Request Number (SRN)
1	10536867	10/10/2014	256,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI  - 110001, INDIA	C37080785
2	10537151	10/10/2014	256,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI  - 110001, INDIA	C37274644
3	10518621	12/12/2014 *	350,000,000.00	CITI BANK N.A.	JEEVAN BHARTI BUILDING,, 124 CONNAUGHT PLACE, CONNAUGHT CIRCUS,, NEW DELHI, DELHI - 110001, INDIA	C42087676
4	10476697	03/02/2014	70,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI  - 110001, INDIA	B95987277
5	10476698	07/07/2014 *	285,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD,, DELHI, DELHI  - 110001, INDIA	C12921656
6	10428586	29/04/2013	30,000,000.00	STATE BANK OF INDIA	BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS,, FRE  E PRESS JOURNAL MARG, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA	B76043470
7	10370579	14/08/2012	168,000,000.00	STATE BANK OF INDIA	RAHEJA CHAMBERS, BACKBAY RECLAMATION BRANCH,NARIM  AN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	B45684131
8	10371070	06/12/2013 *	155,000,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, NEW DELHI, DE  LHI - 110001, INDIA	B92743293
9	10295412	15/01/2014 *	77,500,000.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23, BARAKHAMBA ROAD, DELHI, DELHI  - 110001, INDIA	B97196794
10	10236602	16/08/2010 *	72,500,000.00	STATE BANK OF INDIA	BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBERS NARIM  AN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA	A93984367
11	10192482	19/10/2011 *	325,227,750.00	STANDARD CHARTERED BANK	NARAIN MANZIL, 23,, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B25353277
12	10165281	30/01/2014 *	845,500,000.00	STATE BANK OF INDIA	BACKBAY RECLAMATION BRANCH, RAHEJA CHAMBER,, NARIMAN POINT, MAHARASHTRA - 400021, INDIA	B97362115

*Date of modification Charges

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Computer

· Vehicles

· Furniture and Fixture

NEWS:

KEDAARA CAPITAL INVESTS RS.2000.000 MILLION IN PARKSONS PACKAGING

Private equity (PE) firm Kedaara Capital has invested Rs.2000.000 Million in Parksons Packaging Ltd, a manufacturer of folding cartons and paper packaging, it said in a statement on Tuesday.

This is Kedaara’s maiden investment in the packaging sector. Earlier in April 2014, the PE fund had acquired 23% stake in Mahindra Logistics Limited for Rs.2000.000 Million. In December the fund had also invested in financial services firm Au Financiers India Limited.

Founded in mid 1990s by the family of Ramesh Kejriwal, Parksons supplies folding cartons and other paper packaging solutions to over 100 customers across different end segments such as food and beverages, home and personal care, pharmaceuticals and quick service restaurants. Parksons has three manufacturing facilities across northern and western India and has built a design capabilities centre.

“Their partnership model, strong industry networks, and unique understanding of the consumer and healthcare industry, will add significant value to Parksons and help further strengthen our position as India’s most preferred and innovative paper packaging solutions provider,” said Kejriwal, chairman of Parksons.

“We believe this is an opportune time to invest in the Indian packaging sector, with Parksons being especially well-positioned to benefit from the growth in the Indian consumption story,” said Manish Kejriwal and Sunish Sharma, managing partners of Kedaara Capital Advisors Llp in the statement.

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 records 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.64.05
UK Pound	1	Rs.99.04
Euro	1	Rs.71.76

INFORMATION DETAILS

Information Gathered by :	DIP
Analysis Done by :	SUB
Report Prepared by :	VNT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	8
--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		67

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.