MIRA INFORM REPORT

Report No. :	344258
Report Date :	09.10.2015

IDENTIFICATION DETAILS

Name :	VIPPY INDUSTRIES LIMITED
Registered Office :	28, Industrial Area, A.B. Road, Dewas – 455001, Madhya Pradesh
Tel. No.:	91-7272-258545 / 258546
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	29.09.1973
Com. Reg. No.:	10-001225
Capital Investment / Paid-up Capital :	Rs.160.600 Million
IEC No.:	1188001469
CIN No.: [Company Identification No.]	U15142MP1973PLC001225
TAN No.: [Tax Deduction & Collection Account No.]	BPLV00877C
PAN No.: [Permanent Account No.]	AABCV1297N
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer, Exporter and Importer of De Oiled Cake (DOC) and Edible Refined Oil from Soyabean seed through solvent extraction, Soya Flour (toasted/ untoasted), Soya Lecithin, Soya Flackes, etc.
No. of Employees :	400 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 3300000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a well-established company incorporated in the year 1973. For the financial year ended 2014, the company has sizeable decline in its sales turnover. However, it has maintained its scale of operations and profitability margin of 1.8%. The company has satisfactory financial base, efficient networth position along with negligible debts. It has favorable gap between trade payables and receivables. Further, the company has long history of business operations. The directors of the company are respectable and well-experienced. Trade relations are fair. Business is active. Payments are usually correct. The company can be considered for business dealings at usual trade terms and conditions.

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 (GENERAL DETAILS)

Name :	Mr. Gattani
Designation :	Account Head
Contact No.:	91-7272-258545
Date :	06.10.2015

LOCATIONS

Registered Office :	28, Industrial Area, A.B. Road, Dewas – 455001, Madhya Pradesh, India
Tel. No.:	91-7272-258545 / 258546
Fax No.:	91-7272-258552
E-Mail :	admin@vippysoya.com rh@vippysoya.com vippy@mantrafreenet.com sales@vippysoya.com export@vippysoya.com vippy@sancharnet.in
Website :	www.vippysoya.com
Factory :	28, 29 and 30 Industrial Area, A.B. Road, Dewas – 455001, Madhya Pradesh, India

DIRECTORS

As on 31.03.2013

Name :

Mr. Rahul Mutha

Designation :

Managing Director

Address :

Manas, 41, University Road, Ujjain – 456010, Madhya Pradesh, India

Date of Birth/Age :

16.09.1965

Date of Appointment :

01.04.2015

PAN No. :

ACAPM7694L

DIN No.:

00424128

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	U15142MP1973PLC001225	VIPPY INDUSTRIES LIMITED	Managing director	01/04/2015	01/02/1992	-	Active	NO
2	U15490MP2007PTC019886	SUNLINE INDIA ENTERPRISES PRIVATE LMITED	Director	03/10/2007	03/10/2007	-	Active	NO
3	U01112MP1979NPL001559	THE SOYBEAN PROCESSORS ASSOCIATION OF INDIA	Director	30/09/2010	30/09/2010	-	Active	NO

Name :

Mr. Praneet Mutha

Designation :

Executive Director

Address :

Manas, 41, University Road, Ujjain – 456010, Madhya Pradesh, India

Date of Birth/Age :

11.09.1971

Date of Appointment :

01.04.2015

PAN No. :

AFTPM5681H

DIN No.:

00424250

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	L01710MP1992PLC007043	VIPPY SPIN PRO LIMITED	Director	30/03/2010	19/12/2000	-	Active	NO
2	U15142MP1973PLC001225	VIPPY INDUSTRIES LIMITED	Whole-time director	01/04/2015	31/07/2007	-	Active	NO
3	U15316MP2007PTC019880	MOON NUTRIENTS PRIVATE LIMITED	Director	28/09/2007	28/09/2007	-	Active	NO

Name :

Mr. Sajeve Deora

Designation :

Director

Address :

EC-13, Indrapuri, New Delhi – 110012, India

Date of Birth/Age :

27.12.1959

Date of Appointment :

30.09.2014

DIN No.:

00003305

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	U74899DL1989PTC038545	DEORA ASSOCIATES PRIVATE LIMITED	Director	21/01/2009	05/12/1989	-	Active	NO
2	L17226UP1973PLC003746	SHRI BHOLANATH CARPETS LIMITED	Director	30/07/1997	30/07/1997	30/09/2013	Active	NO
3	U15142MP1973PLC001225	VIPPY INDUSTRIES LIMITED	Director	30/09/2014	30/10/2001	-	Active	NO
4	L72112MP1974PLC001260	JYOTI OVERSEAS LTD	Director	06/02/2004	06/02/2004	18/07/2009	Active	NO
5	L15140MH1986PLC038536	RUCHI SOYA INDUSTRIES LIMITED	Director	26/09/2014	27/12/2005	-	Active	NO
6	L26101HP1981PLC004430	JAI MATA GLASS LIMITED	Director	30/09/2006	07/07/2006	-	Active	NO
7	L74899DL1993PLC051981	INTEGRATED CAPITAL SERVICES LIMITED	Director	13/04/2012	11/04/2008	-	Active	NO
8	U10300DL2009PTC186321	THESGORA COAL PRIVATE LIMITED	Director	02/01/2009	02/01/2009	-	Active	NO
9	U74999DL2009PTC191762	GREEN INFRA PROFILES PRIVATE LIMITED	Director	01/07/2009	01/07/2009	-	Active	NO
10	L65990MH1984PLC033878	RUCHI INFRASTRUCTURE LIMITED	Director	26/09/2014	13/11/2009	-	Active	NO
11	U74140DL2010PTC208955	GREENWAY ADVISORS PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
12	U28910HP1989PLC008963	HIM TEKNOFORGE LIMITED	Director	30/09/2011	09/12/2010	07/12/2011	Active	NO
13	U15205TG2008PTC058708	GEMINI EDIBLES & FATS INDIA PRIVATE LIMITED	Director	22/09/2011	15/03/2011	10/11/2014	Active	NO
14	U15141MP2013PTC030932	Ruchi J-Oil Private Limited	Director	14/02/2014	14/02/2014	18/04/2015	Active	NO
15	U67100DL2011PLC214079	NEW HABITAT HOUSING FINANCE AND DEVELOPMENT LIMITED	Director	27/09/2014	04/06/2014	-	Active	NO

Name :

Mr. Kadayya Savagaon

Designation :

Director

Address :

303, Aditya, Cosmos, Heritage, Ti Kuginiwadi, Thane – 4000610, Maharashtra, India

Date of Birth/Age :

15.03.1936

Date of Appointment :

30.09.2014

DIN No.:

00424393

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	U15142MP1973PLC001225	VIPPY INDUSTRIES LIMITED	Director	30/09/2014	08/06/2001	-	Active	NO

Name :

Mr. Shailendra Karnawat

Designation :

Director

Address :

E - 27/28 Sanket Nagar, Indore – 452018, Madhya Pradesh, India

Date of Birth/Age :

21.10.1960

Date of Appointment :

30.09.2014

DIN No.:

02850202

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	U85110MP2010PTC024011	EUREKA HOSPITAL & RESEARCH CENTRE PRIVATE LIMITED	Director	30/09/2011	16/10/2010	-	Active	NO
2	U15142MP1973PLC001225	VIPPY INDUSTRIES LIMITED	Director	30/09/2014	07/02/2012	-	Active	NO

Name :

Ms. Usha Mutha

Designation :

Additional Director

Address :

Manas, 41, University Road, Ujjain - 456010, Madhya Pradesh, India

Date of Appointment :

31.03.2015

DIN No.:

00409255

KEY EXECUTIVES

Name :	Mr. Gattani
Designation :	Account Head
Name :	Mr. Joher Ali Zakir
Designation :	Chief Executive Officer
Address :	249,Golmandi Bakhal, Kamari Marg, Ujjain, 456001, Madhya Pradesh, India
Date of Appointment :	01.10.2014
PAN No.:	AAFPZ0881K
Name :	Mr. Prakash Chakrawarti
Designation :	Secretary
Address :	156- B , Laxman Nagar, Dewas, 455001, Madhya Pradesh, India
Date of Appointment :	15.09.2005
PAN No.:	AFGPC3925H

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2014

Category of Shareholder	Total No. of Shares	% of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	33375494	20.78
Bodies Corporate	120299490	74.92
Sub Total	153674984	95.70
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	153674984	95.70
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	60255	0.04
Financial Institutions / Banks	285354	0.18
Foreign Institutional Investors	7700	0.00
Sub Total	353309	0.22
(2) Non-Institutions
Bodies Corporate	3011212	1.88
Individuals
Individual shareholders holding nominal share capital up to Rs. 0.100 million	3300189	2.06
Any Others (Specify)	237902	0.15
NRIs/OCBs	237844	0.15
Clearing Members	58	0.00
Sub Total	6549303	4.08
Total Public shareholding (B)	6902612	4.30
Total (A)+(B)	160577596	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	160577596	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer, Exporter and Importer of De Oiled Cake (DOC) and Edible Refined Oil from Soyabean seed through solvent extraction, Soya Flour (toasted/ untoasted), Soya Lecithin, Soya Flackes, etc.

Products :

Product Description	Item Code No. (ITC Code)
Soya Oil	150710
Soya Meal	230400

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

Finished Goods

Countries :

• Asian Country
• European Country
• Middle East Country

Imports :

Not Divulged

Terms :

Selling :

L/C, Cheque and Credit

Purchasing :

L/C, Cheque and Credit

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
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 :

400 (Approximately)

Bankers :

Bank Name	Axis Bank Limited
Branch	Kamal Palace, 1 Yeshwant Colony, Y.N. Road, Indore, Madhya Pradesh, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	043010200043803 (Not Comfirmed)
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

• HDFC Bank, Indore, Madhya Pradesh, India
• Bank of Baroda

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
LONG TERM BORROWINGS
MPSIDC	NA	20.759
HDFC Car loan	NA	1.132
SHORT TERM BORROWINGS
Axis Bank overdraft account	NA	20.454
HDFC Bank overdraft account	NA	33.804
Bank of Baroda over draft account	NA	41.773
Total	NA	117.922

Banking Relations :	--
Auditors :
Name :	Sodani and Company Chartered Accountant
Address :	2, Ramkrishna Colony, Dewas Road, Ujjain – 456010, Madhya Pradesh, India
PAN.:	AAFFS7590A
Cost Auditors :
Name :	M. Goyal and Company Chartered Accountants
Memberships :	--
Collaborators :	--
Related Party (As on 31.03.2013) :	Vipro Exim Limited CIN No. U01112MP1995PLC010151 Vippy Spin Pro Limited CIN No. L01710MP1992PLC007043

CAPITAL STRUCTURE

After 31.03.2014

Authorised Capital : Rs.250.000 Million

Issued, Subscribed & Paid-up Capital : Rs.160.577 Million

As on 31.03.2014

Authorised Capital : Not Available

Issued, Subscribed & Paid-up Capital : Rs.160.600 Million

As on 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
250000000	Equity Shares	Rs.1/- each	Rs.250.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
160577596	Equity Shares	Rs.1/- each	Rs.160.578 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	160.600	160.578	160.578
(b) Reserves & Surplus	1,010.900	963.380	842.253
(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)	1,171.500	1,123.958	1,002.831
(3) Non-Current Liabilities
(a) long-term borrowings	0.100	21.891	20.759
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	7.500	2.500	2.500
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	7.600	24.391	23.259
(4) Current Liabilities
(a) Short term borrowings	764.900	96.031	331.528
(b) Trade payables	171.200	117.043	123.578
(c) Other current liabilities	11.500	10.875	18.235
(d) Short-term provisions	214.700	246.014	200.933
Total Current Liabilities (4)	1,162.300	469.963	674.274
TOTAL	2,341.400	1,618.312	1,700.364
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	463.900	522.669	572.593
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	3.458	3.082
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	2.300	2.260	2.260
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	9.200	8.965	6.954
(e) Other Non-current assets	22.400	8.595	19.167
Total Non-Current Assets	497.800	545.947	604.056
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	499.400	396.656	487.560
(c) Trade receivables	344.800	211.740	148.861
(d) Cash and cash equivalents	958.500	413.140	437.101
(e) Short-term loans and advances	40.900	50.829	22.786
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1,843.600	1,072.365	1,096.308
TOTAL	2,341.400	1,618.312	1,700.364

PROFIT & LOSS ACCOUNT

	PARTICULARS			31.03.2014	31.03.2013	31.03.2012
	SALES
		Income		1957.700	12254.511	9703.446
		Other Income		26.200	43.734	34.916
		TOTAL (A)		1983.900	12298.245	9738.362
Less	EXPENSES
		Cost of Materials Consumed		1416.100	9865.292	8531.683
		Purchases of Stock-in-Trade		163.500	1286.753	166.319
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade		113.500	58.540	(25.912)
		Employees benefits expense		20.100	74.580	64.988
		Other expenses		158.100	752.778	750.432
		Exceptional Item		43.600	0.000	0.000
		TOTAL (B)		1914.900	12037.943	9487.510
	PROFIT/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)			69.000	260.302	250.852
Less	FINANCIAL EXPENSES (D)			13.700	15.647	13.866
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			55.300	244.655	236.986
Less	DEPRECIATION/ AMORTISATION (F)			10.600	42.644	40.295
	PROFIT/(LOSS) BEFORE TAX (E-F) (G)			44.700	202.011	196.691
Less	TAX (H)			9.500	40.357	39.950
	PROFIT/(LOSS) AFTER TAX (G-H) (I)			35.200	161.654	156.741
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD			613.007	451.353	294.612
	BALANCE CARRIED TO THE B/S			648.207	613.007	451.353
	EARNINGS IN FOREIGN CURRENCY
			Export Earnings	NA	2883.950	1221.300
	TOTAL EARNINGS			NA	2883.950	1221.300
	Earnings / (Loss) Per Share (Rs.)			0.22	1.00	0.98

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from operating activity	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	1.80	1.32	1.62
Operating Profit Margin (PBIDT/Sales)	(%)	3.52	2.12	2.59
Return on Total Assets (PBT/Total Assets}	(%)	1.91	12.53	11.60
Return on Investment (ROI) (PBT/Networth)		0.04	0.18	0.20
Debt Equity Ratio (Total Debt /Networth)		0.65	0.10	0.35
Current Ratio (Current Asset/Current Liability)		1.59	2.28	1.63

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	160.578	160.578	160.600
Reserves & Surplus	842.253	963.380	1010.900
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1002.831	1123.958	1171.500
Long Term borrowings	20.759	21.891	0.100
Short Term borrowings	331.528	96.031	764.900
Total borrowings	352.287	117.922	765.000
Debt/Equity ratio	0.351	0.105	0.653

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	9,703.446	12,254.511	1,957.700
		26.290	-84.025

NET PROFIT MARGIN

Net Profit Margin	31.03.2012	31.03.2013	31.03.2014
	Rs. In Million	Rs. In Million	Rs. In Million
Sales	9,703.446	12,254.511	1,957.700
Profit	156.741	161.654	35.200
	1.62%	1.32%	1.80%

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	No
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	No
19	Major customers	No
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

INDEX OF CHARGES

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	80066990	29/03/1975	300,000.00	M P Financial Corporation	A B Road, , Indore, Madhya Pradesh - 452001, India	-

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30^TH JUNE 2014

(Rs. In Million)

Particulars	Quarter Ended ( Unaudited)
	30.06.2014
1. Income from operations
a) Net sales/ Income from operation (net of excise duty)	1525.400
b) Other operating income	0.000
Total income from Operations(net)	1525.400
2.Expenditure
a) Cost of material consumed	1264.300
b) Purchases of stock in trade	253.100
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade	(150.000)
d) Employees benefit expenses	18.900
e) Depreciation and amortization expenses	1.100
f) Other expenditure	116.900
Total expenses	1514.300
3. Profit from operations before other income and financial costs	11.100
4. Other income	19.500
5. Profit from ordinary activities before finance costs	30.600
6. Finance costs	13.400
7. Net profit/(loss) from ordinary activities after finance costs but before exceptional items	17.200
8. Exceptional item	0.100
9. Profit from ordinary activities before tax Expense:	17.100
10.Tax expenses	3.600
11.Net Profit / (Loss) from ordinary activities after tax (9-10)	13.500
12.Extraordinary Items (net of tax expense)	0.000
13.Net Profit / (Loss) for the period (11 -12)	13.500
14.Paid-up equity share capital (Nominal value Rs.10/- per share)	160.600
15. Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year
16.i) Earnings per share (before extraordinary items) of Rs.10/- each) (not annualised):
(a) Basic	0.08
(b) Diluted	0.08

Particulars	Quarter Ended ( Unaudited)
	30.06.2014
A. Particulars of shareholding
1. Public Shareholding
- Number of shares	3932487
- Percentage of shareholding	2.45%
2. Promoters and Promoters group Shareholding-
a) Pledged /Encumbered
Number of shares	Nil
Percentage of shares (as a % of total shareholding of the promoter and promoter group)	Nil
Percentage of shares (as a % of total share capital of the company)	Nil
b) Non Encumbered
Number of shares
Percentage of shares (as a % of total shareholding of the promoter and promoter group)	156645109
Percentage of shares (as a % of total share capital of the company)	100%
	97.55%
B. Investor Complaints
Pending at the beginning of the quarter	0
Receiving during the quarter	8
Disposed of during the quarter	8
Remaining unreserved at the end of the quarter	0

FIXED ASSETS

· Land

· Building

· Plant and Machinery

· Computer

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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.65.39
UK Pound	1	Rs.99.05
Euro	1	Rs.73.19

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	TRI
Report Prepared by :	SUD

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	4
--RESERVES	1~10	5
--CREDIT LINES	1~10	4
--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		42

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.