MIRA INFORM REPORT

Report No. :	343244
Report Date :	01.10.2015

IDENTIFICATION DETAILS

Name :	SHARP MINT LIMITED [w.e.f. 17.09.2014]
Formerly Known As :	SHARP GLOBAL LIMITED [w.e.f.25.11.2011] SHARP MENTHOL INDIA LIMITED [w.e.f.26.09.2002] SHARP MENTHOL INDIA PRIVATE LIMITED
Registered Office :	1^st Floor, Sager Centre, Plot No. 9, Gujarwala Town, New Delhi – 110009
Tel. No.:	91-11-42290700
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	31.10.1989
Com. Reg. No.:	55-038212
Capital Investment / Paid-up Capital :	Rs.330.789 Million
CIN No.: [Company Identification No.]	U24200DL1989PLC038212
IEC No.:	0589038541
TAN No.: [Tax Deduction & Collection Account No.]	DELS22364G
PAN No.: [Permanent Account No.]	AABCS3644N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of Menthol.
No. of Employees :	1500 (Approximately)

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 1500000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated on 31^st October, 1989. It has satisfactory track record. There is drastic dip in the profit of the company during FY2015. However, the company possesses a decent financial profile marked by decent networth base along with fair liquidity. Trade relations are reported to be fair. Business is active. Payments are slow but 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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	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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Yogesh Langthasa
Designation :	Sri Vice President
Contact No.:	91-11-42290740
Date :	30.09.2015

LOCATIONS

Registered Office :	1^st Floor, Sager Centre, Plot No. 9, Gujarwala Town, New Delhi – 110009, India
Tel. No.:	91-11-42290700
Mobile No.:	91-9971899744 (Mr. Yogesh)
Fax No.:	91-11-27226406
E-Mail :	csdesk@sharpglobal.in yogesh@sharpglobal.in
Website :	http://www.sharpglobal.in
Location :	Owned
Locality:	Commercial
Factory:	Located At: Delhi Uttar Pradesh Rajasthan

DIRECTORS

AS ON 30.09.2014

Name :

Jai Prakash Singhal

Designation :

Chairman

Address :

83, Sunder Nagar, New Delhi - 110003, India

Date of Birth/Age :

07.09.1948

Date of Appointment :

31.10.1989

DIN No.:

00070349

PAN No.:

AAGPP8743D

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	31/10/1989	31/10/1989	-	Active	NO
2	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	8/3/1994	8/3/1994	-	Active	NO
3	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26/03/1996	26/03/1996	-	Active	NO
4	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	5/1/1998	5/1/1998	-	Converted to LLP and dissolved	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	21/08/2012	3/8/2000	31/08/2012	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	19/10/2001	19/10/2001	-	Active	NO
7	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Managing director	1/9/2007	1/9/2002	-	Amalgamated	NO
8	U74899DL1988PLC032881	SHARP CORP LIMITED	Managing director	1/9/2012	1/9/2002	-	Active	NO
9	U24246DL1999PLC101103	SHARP AROMATICS INDIA LIMITED	Director	21/07/2003	21/07/2003	-	Amalgamated	NO
10	U15313DL2007PTC163855	NARAYAN DAL UDYOG PRIVATE LIMITED	Director	24/05/2007	24/05/2007	-	Active	NO
11	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
12	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	20/11/2010	20/11/2010	-	Active	NO
13	U67120DL2010PLC210795	SHARP HOLDING LIMITED	Director	26/11/2010	26/11/2010	-	Active	NO
14	U24100DL2010PLC211217	SHARP BIOCON LIMITED	Director	8/12/2010	8/12/2010	-	Active	NO
15	U67120DL2010PLC211222	SHARP ASSET MANAGEMENT LIMITED	Director	9/12/2010	9/12/2010	-	Active	NO
16	U74120DL2008PTC173938	A S G S INVESTMENT PRIVATE LIMITED	Director	20/12/2010	20/12/2010	-	Active	NO
17	U70109DL2006PTC153097	WHITE DIAMOND CONSTRUCTION AND EQUIPMENTS PRIVATE LIMITED	Director	22/09/2012	13/12/2011	-	Active	NO
18	U15122DL2014PLC269715	SHARP INTEGRATED FOOD PARK LIMITED	Director	31/07/2014	31/07/2014	-	Active	NO
19	U17120DL2015PTC278117	MEGMA WOOLEN PRIVATE LIMITED	Director	19/03/2015	19/03/2015	-	Active	NO
20	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20/05/2015	20/05/2015	-	Active	NO
21	AAA-7954	MEGMA WOOLEN INDUSTRIES LLP	Designated Partner	10/2/2012	10/2/2012	-	Active	NO

Name :

Sanjay Singhal

Designation :

Managing Director

Address :

83, Sunder Nagar,, New Delhi - 110003, India

Date of Birth/Age :

01.05.1968

Date of Appointment :

01.05.2015

DIN No.:

00007902

PAN No.:

ABMPS1773M

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Managing director	1/5/2015	31/10/1989	-	Active	NO
2	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	8/3/1994	8/3/1994	-	Active	NO
3	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26/03/1996	26/03/1996	-	Active	NO
4	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	5/1/1998	5/1/1998	-	Converted to LLP and dissolved	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	15/04/2010	3/8/2000	7/8/2012	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	15/09/2001	15/09/2001	-	Active	NO
7	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	1/9/2002	1/9/2002	-	Active	NO
8	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Director	1/9/2002	1/9/2002	-	Amalgamated	NO
9	U24246DL1999PLC101103	SHARP AROMATICS INDIA LIMITED	Director	21/07/2003	21/07/2003	-	Amalgamated	NO
10	U74899DL1995PLC064463	SDR CAPITAL LIMITED	Director	20/06/2005	20/06/2005	7/4/2006	Active	NO
11	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
12	U74120DL2008PTC173938	A S G S INVESTMENT PRIVATE LIMITED	Director	12/2/2008	12/2/2008	-	Active	NO
13	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	20/11/2010	20/11/2010	-	Active	NO
14	U67120DL2010PLC210795	SHARP HOLDING LIMITED	Director	26/11/2010	26/11/2010	-	Active	NO
15	U24100DL2010PLC211217	SHARP BIOCON LIMITED	Director	8/12/2010	8/12/2010	-	Active	NO
16	U67120DL2010PLC211222	SHARP ASSET MANAGEMENT LIMITED	Director	9/12/2010	9/12/2010	-	Active	NO
17	U70109DL2006PTC153097	WHITE DIAMOND CONSTRUCTION AND EQUIPMENTS PRIVATE LIMITED	Director	22/09/2012	24/12/2011	-	Active	NO
18	U15122DL2014PLC269715	SHARP INTEGRATED FOOD PARK LIMITED	Director	31/07/2014	31/07/2014	-	Active	NO
19	U17120DL2015PTC278117	MEGMA WOOLEN PRIVATE LIMITED	Director	19/03/2015	19/03/2015	-	Active	NO
20	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20/05/2015	20/05/2015	-	Active	NO

Name :

Prasad Rajinder Singhal

Designation :

Director

Address :

F-1/18, Model Town-Ii, Delhi - 110009, India

Date of Birth/Age :

10.02.1955

Date of Appointment :

21.04.1999

DIN No.:

00171381

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	U74899DL1994PTC057804	RAMJI LAL INVESTMENTS PRIVATE LIMITED	Director	8/3/1994	8/3/1994	-	Active	NO
2	U74999DL1996PLC077555	SHARP COMMODITYMANAGEMENT LIMITED	Director	26/03/1996	26/03/1996	17/08/2010	Active	NO
3	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	5/1/1998	5/1/1998	-	Converted to LLP and dissolved	NO
4	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	21/04/1999	21/04/1999	-	Active	NO
5	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	3/8/2000	3/8/2000	15/04/2010	Active	NO
6	U67120DL1998PTC093637	DOVE REALTORS PRIVATE LIMITED	Director	19/10/2001	19/10/2001	-	Active	NO
7	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	1/9/2002	1/9/2002	-	Active	NO
8	U74899DL1989PLC038217	SINGHAL AGRO INDUSTRIES LIMITED	Director	18/11/2006	18/11/2006	-	Amalgamated	NO
9	U01403DL2007PLC165440	RBRL AGRO COMMODITIES LIMITED	Director	2/7/2007	2/7/2007	-	Active	NO
10	U15313DL2007PTC163855	NARAYAN DAL UDYOG PRIVATE LIMITED	Director	5/11/2012	5/11/2012	-	Active	NO
11	U15122DL2014PLC269715	SHARP INTEGRATED FOOD PARK LIMITED	Director	31/07/2014	31/07/2014	-	Active	NO
12	U74900DL2015PLC280526	ANANDAA CONSUMERS LIMITED	Director	20/05/2015	20/05/2015	-	Active	NO

Name :

Sunita Sharma

Designation :

Director

Address :

B-6/167, Block-B, Pocket-6, Rohini, Sector-8, Rohini, New Delhi - 110085, India

Date of Birth/Age :

29.06.1974

Date of Appointment :

30.09.2014

DIN No.:

06836972

PAN No.:

AZIPS7734A

Name :

Vikas Singhal

Designation :

Director

Address :

F-1/18, Model Town-Ii, Delhi - 110009, India

Date of Birth/Age :

14.07.1977

Date of Appointment :

30.08.2000

DIN No.:

00007886

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	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	3/8/2000	3/8/2000	-	Active	NO
2	U74899DL2000PLC107099	SHARP COMTRADE LIMITED	Director	3/8/2000	3/8/2000	6/4/2010	Active	NO
3	U74899DL1993PTC054900	MEGMA WOOLEN INDUSTRIES PRIVATE LIMITED	Director	3/8/2000	3/8/2000	-	Converted to LLP and dissolved	NO
4	U51909DL2005PTC138621	SARVESHVAR COMMODITIES (INDIA) PRIVATE LIMITED	Managing director	1/1/2008	12/7/2005	-	Active	NO

Name :

Vikas Jain

Designation :

Director

Address :

110/5, B.D. Estate, Timar Pur,, Delhi -110054, India

Date of Birth/Age :

11.11.1968

Date of Appointment :

30.09.2014

DIN No.:

06738648

PAN No.:

ADIPJ7575L

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	U01400DL2010PLC210589	SHARP AGRICOM LIMITED	Director	30/09/2014	25/11/2013	-	Active	NO
2	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	30/09/2014	3/3/2014	-	Active	NO

Name :

Ved Prakash Sharma

Designation :

Director

Address :

A 76, D C Society, Sector 13, Rohini, Delhi - 110085, India

Date of Birth/Age :

23.07.1949

Date of Appointment :

17.09.2013

DIN No.:

01937149

PAN No.:

ACGPS1593N

Name :

Manu Gupta

Designation :

Additional Director

Address :

25/21, Shakti Nagar, Delhi - 110007, India

Date of Appointment :

05.06.2015

DIN No.:

00007989

Name :

Vaibhav Gangwal

Designation :

Director

Address :

House No.2-A/11, Saket Nagar, Bewar, Ajmer - 305901, Rajasthan, India

Date of Appointment :

31.03.2015

DIN No.:

07143907

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	U74899DL1988PLC032881	SHARP CORP LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO
2	U24200DL1989PLC038212	SHARP MINT LIMITED	Director	31/03/2015	31/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Aditya Narayan Singh
Designation :	Secretary
Address :	104b, Second Floor, Bharat Nagar, Ashok Vihar Phase-Iv, Delhi - 110052, India
Date of Birth/Age :	25.08.1976
Date of Appointment :	07.08.2014
PAN No:	AXVPS7039M

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares
Jai Prakash Singhal	9805850
Sanjay Singhal	15292027
Umarani Singhal	1287125
Om Prakash Gupta and Sons (Huf)	527350
Rajinder Prasad Singhal	546000
Vikas Singhal	598000
Ambika Singhal	878300
Veena Singhal	10500
Santosh Kumar Garg	2133800
Amrit Polyplast Private Limited	2000000
Total	33078952

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Bodies corporate	6.05
Directors or relatives of Directors	87.50
Other top fifty shareholders	6.45
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter and Importer of Menthol.
Products :	Menthol Crystal Mentha Oil   Rectified Peppermint Oil Mint Blend  Mint Blend Spearmint Oil Menthone Menthyl Acetate Mint Terpene L-Limonene Natural Cis-3-Hexeno
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Finished Goods
Countries :	USA China Russia Australia Singapore African Countries
Imports :
Products :	Machines
Countries :	Singapore Switzerland
Terms :
Selling :	Cash, L\C and Credit
Purchasing :	Cash, L\C and Credit

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Siva Mint Industries, Jammu, India
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 :

Wholesalers, Retailers and manufacturer

Reference :	Colgate – Palmolive India Limited, Mumbai, Maharashtra, India
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 :

1600 (Approximately)

Bankers :

• SBER Bank, Gopal Das Bhawan,28, Barakhamba Road, New Delhi - 110001, India

• State Bank Of Travancore, Commercial Branch, Travancore House, K.G. Marg, New Delhi - 110001, India

• State Bank Of Bikaner And Jaipur, 27,Barakhamba Road, New Delhi - 110001, India

• ICICI Bank Limited, 9-A, Cannaught Circus, New Delhi - 110001, India

• Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India

• Allahabad Bank, IB Branch, 17, Parliament Street, Delhi - 110001, India

Banker Name	Stat Bank on Mysore
Branch Address	Naya Bazar, Delhi, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2015	As on 31.03.2014
LONG TERM BORROWINGS
Term loans from banks	NA	46.712
Working capital loans from banks	NA	208.333
SHORT TERM BORROWINGS
Working capital loans from banks	NA	9723.334
Total	NA	9978.379

Auditors :
Name :	Ram Rattan and Associates Chartered Accountants
Address :	104,Hans Bhawan,1,Bahadur Shah Zafar Marg, Delhi, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFR3936L
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company: [As On 31.03.2014]	Sharp Global Private Limited, Singapore Dove Realtors Private Limited, India [U67120DL1998PTC093637] Sharp Mint Inc., USA
Enterprises Which are Owned, or Have Significant Influence of or are Partners With Key Management Personnel and Their Relatives: [As On 31.03.2014]	ASGS Investments Private Limited(W.E.F. 23.03.2013), India Comm Corp International LLP, India Narayan Dal Udyog Private Limited, India [U15313DL2007PTC163855] Ramji Lal Om Prakash Charitable Trust, India Ramji Lal Investments Private Limited, India [U74899DL1994PTC057804] Sharp Agricom Limited, India, [U01400DL2010PLC210589] Sharp Asset Management Limited, India [U67120DL2010PLC211222] Sharp Commodity Management Limited, India [U74999DL1996PLC077555] Sharp Holding Limited, India [U67120DL2010PLC210795] Sharp Biocon Limited, India [U24100DL2010PLC211217]
Associate: [As On 31.03.2014]	Sharp Corp Limited, India [U74899DL1988PLC032881]

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
75000000	Equity Shares	Rs.10/- each	Rs.750.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
33078952	Equity Shares	Rs.10/- each	Rs.330.789 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2013
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	330.789	319.451	319.451
(b) Reserves & Surplus	4679.587	3906.922	3570.218
(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)	5010.376	4226.373	3889.669
(3) Non-Current Liabilities
(a) long-term borrowings	731.126	785.046	963.962
(b) Deferred tax liabilities (Net)	18.453	16.966	17.603
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	12.345	9.328	8.289
Total Non-current Liabilities (3)	761.924	811.340	989.854
(4) Current Liabilities
(a) Short term borrowings	9907.913	9723.334	9681.863
(b) Trade payables	551.128	218.786	120.431
(c) Other current liabilities	1806.258	738.388	819.379
(d) Short-term provisions	150.129	170.960	148.367
Total Current Liabilities (4)	12415.428	10851.468	10770.040
TOTAL	18187.728	15889.181	15649.563
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	695.128	616.803	582.085
(ii) Intangible Assets	2.018	2.365	3.675
(iii) Capital work-in-progress	476.803	533.573	35.663
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	35.864	35.665	35.664
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	242.916	265.403	195.987
(e) Other Non-current assets	0.597	0.359	1.367
Total Non-Current Assets	1453.326	1454.168	854.441
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	12268.986	11188.917	7514.660
(c) Trade receivables	2105.824	1486.286	3715.689
(d) Cash and cash equivalents	173.780	166.951	992.913
(e) Short-term loans and advances	1787.850	1247.514	2100.350
(f) Other current assets	397.962	345.345	471.510
Total Current Assets	16734.402	14435.013	14795.122
TOTAL	18187.728	15889.181	15649.563

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	15298.246	14444.302	20993.923
	Other Income	7.116	23.216	25.633
	TOTAL (A)	15305.362	14467.518	21019.556
Less	EXPENSES
	Cost of Materials Consumed	9071.976	15360.960	21132.315
	Purchases of Stock-in-Trade	5136.820	530.989	1865.518
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(734.739)	(3697.246)	(3684.919)
	Employees benefits expense	157.316	126.575	112.664
	Other expenses	400.743	783.833	479.447
	TOTAL (B)	14032.116	13105.111	19905.025
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	1273.246	1362.407	1114.531
Less	FINANCIAL EXPENSES (D)	754.631	800.899	611.028
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	518.615	561.508	503.503
Less/ Add	DEPRECIATION/ AMORTISATION (F)	74.159	54.809	55.880
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	444.456	506.699	447.623
Less	TAX (H)	159.446	169.996	143.838
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	285.010	336.703	303.785
	Earnings / (Loss) Per Share (Rs.)	8.7	10.54	9.53

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	771.831	(3076.656)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	1.86	2.33	1.45
Operating Profit Margin (PBIDT/Sales)	(%)	8.32	9.43	5.31
Return on Total Assets (PBT/Total Assets}	(%)	2.51	3.31	2.87
Return on Investment (ROI) (PBT/Networth)		0.09	0.12	0.12
Debt Equity Ratio (Total Debt /Networth)		2.12	2.49	2.74
Current Ratio (Current Asset/Current Liability)		1.35	1.33	1.37

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	319.451	319.451	330.789
Reserves & Surplus	3570.218	3906.922	4679.587
Net worth	3889.669	4226.373	5010.376
long-term borrowings	963.962	785.046	731.126
Short term borrowings	9681.863	9723.334	9907.913
Total borrowings	10645.825	10508.380	10639.039
Debt/Equity ratio	2.737	2.486	2.123

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	20993.923	14444.302	15298.246
		(31.198)	5.912

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	20993.923	14444.302	15298.246
Profit	303.785	336.703	285.010
	1.45%	2.33%	1.86%

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	Yes
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

OPERATIONS REVIEW: [AS ON 31.03.2014]

During the year, the total revenue of the Company decreased to Rs.14467.500 Million from Rs.21020.000 Crores last year, recording decline of 31.17 %. Profit before interest, depreciation and tax (PBIDT), including other income increased from Rs.448.300 Million to Rs.506.700 Million. Profit after tax increased from Rs.304.500 Crores in the year 2012-13 to Rs.336.700 Million during the year 2013-2014

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2015	As on 31.03.2013
LONG TERM BORROWING
Other loans and advances	NA	530.000
Total	NA	530.000

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10555320	27/02/2015	225,000,000.00	STATE BANK OF MYSORE	NAYA BAZAR BRANCH, DELHI - 110006, INDIA	C46815494
2	10520454	22/08/2014	500,000,000.00	IDBI BANK LIMITED	1 RED CROSS ROAD, REDCROSS BUILDING, DELHI - 110001, INDIA	C21071386
3	10469567	31/12/2013	2,890,000,000.00	STATE BANK OF MYSORE	NAYA BAZAR, DELHI, DELHI - 110006, INDIA	B93284594
4	10485189	23/10/2013	250,000,000.00	SBER BANK	GOPAL DAS BHAWAN,28, BARAKHAMBA ROAD, DELHI - 110001, INDIA	B93682813
5	10379504	21/08/2012	765,000,000.00	STATE BANK OF BIKANER AND JAIPUR	27,BARAKHAMBA ROAD, DELHI - 110001, INDIA	B59294116
6	10358006	31/05/2012	500,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA	B40561359
7	10360608	25/04/2012	600,000,000.00	ALLAHABAD BANK	IB BRANCH, 17, PARLIAMENT STREET, DELHI - 110001, INDIA	B41620659
8	10354371	23/04/2012	6,775,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI- 400021, MAHARASHTRA, INDIA	B39210232
9	10354377	23/04/2012	6,775,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI- 400021, MAHARASHTRA, INDIA	B39211586
10	10354380	23/04/2012	7,015,000.00	KOTAK MAHINDRA BANK LIMITED	36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA	B39212329

 * Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Furniture and fixtures
• Vehicles
• Office equipment

Intangible assets

• Brands and trade marks
• Computer software
• Designs

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.65.74
UK Pound	1	Rs.99.53
Euro	1	Rs.73.80

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	3
--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	YES
--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.