MIRA INFORM REPORT

Report No. :	344491
Report Date :	10.10.2015

IDENTIFICATION DETAILS

Name :	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED (w.e.f.27.12.2008)
Formerly Known As :	CHANDIGARH DISTILLERS AND BOTTLERS PRIVATE LIMITED (w.e.f.04.12.2008) CHANDIGARH DISTILLERS AND BOTTLERS LIMITED
Registered Office :	Banur, Teh. Mohali, Sas Nagar, Punjab - 140601
Tel. No.:	91-172-5059999
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	23.04.1986
Com. Reg. No.:	16-006814
Capital Investment / Paid-up Capital :	Rs. 175.000 Million
CIN No.: [Company Identification No.]	U15520PB1986PLC006814
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCC3752B
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Bottling of potable alcohol and country liquor
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ba (51)

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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Chandigarh Distillers and Bottlers Limited. (CDBL) was promoted by Shri Suresh Kumar Modi and his son Shri Amit Kumar Modi in April 1986 as a private limited company. It is engaged in manufacturer of Rectifies Spirit (RS), Extra Neutral Alcohol (ENA), Industrial Alcohol (IA) and Denatured spirits (DS). The company is also engaged in sale of own brands of Country Liquor. The rating on Chandigarh Distillers and Bottlers Limited (CDBL) draw strength from its consistent track record of growth and profitability, broad product portfolio, comfortable solvency indicators and long established relationship with United Spirit Limited (USL). However, the rating continues to be constrained by risk of fluctuation of raw material prices, presence in a highly regulated industry with huge burden of duties and taxes and regional concentration of business. Trade relations are fair. Business is active. Payment terms are regular and as per commitment. In a view of long standing experience and strong financials, the company can be considered for business dealings with 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	CARE
Rating	Long term = “A”
Rating Explanation	Adequate degree of safety and low credit risk.
Date	28.04.2015

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 DENIED

Management Non-cooperative (91-172-5059999)

LOCATIONS

Registered Office :	Banur, Teh. Mohali, Sas Nagar, Punjab – 140601, India
Tel. No.:	91-172-5059999
Fax No.:	91-172/2602863
E-Mail :	vbakshi@cdbgroup.in rajeev@cbdgroup.in
Website :	www.cbdgroup.in
Head Office :	S.C.O. 140-141, City Subcenter, Sector 34-A, Chandigarh - 160022, Punjab, India
E-Mail :	anilsharma@cbdgroup.in

DIRECTORS

As on 30.09.2014

Name :

Mr. Vivek Bakshi

Designation :

Director

Address :

House No. 1473, Phase 3-B-2, Sas Nagar, Mohali, Chandigarh - 160059, Punjab, India

Date of Birth/Age :

14.11.1962

Date of Appointment :

25.08.2006

DIN No.:

00660864

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	U67120CH1996PTC019092	GOLDEN LOTUS INVESTMENTS PRIVATE LIMITED	Director	25/12/2004	25/12/2004	05/04/2007	Active	NO
2	U15520CH1996PTC017960	PUNJAB DISTILLERS AND BOTTLERS Private LIMITED	Director	27/12/2004	27/12/2004	15/02/2008	Active	NO
3	U51909CH1995PTC031515	SIGNET SUPPLIERS PVT.LTD.	Director	30/09/2013	20/06/2005	-	Active	NO
4	U51909DL1995PTC176537	CYBERWALK TECH PARK PRIVATE LIMITED	Director	20/06/2005	20/06/2005	29/11/2007	Active	NO
5	U51909CH1995PTC031448	TOP-TEN SOFTWARE PVT.LTD.	Director	29/09/2009	12/10/2005	28/03/2014	Active	NO
6	U00388CH2005PTC029355	ARV HYDRO POWER COMPANY PRIVATE LIMITED	Director	14/12/2005	14/12/2005	10/03/2008	Active	NO
7	U27106HP2005PTC000112	JOYFUL STEEL FABRICATORS PRIVATE LIMITED	Director	15/02/2006	15/02/2006	23/08/2007	Strike off	NO
8	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Director	25/08/2006	25/08/2006	-	Active	NO
9	U15411CH2002PTC025474	GREATER NOIDA INFOSYSTEMS PRIVATE LIMITED	Director	09/07/2007	09/07/2007	17/08/2009	Active	NO
10	U40101HP2007PTC030781	HIMANI ENERGY PRIVATE LIMITED	Director	25/09/2010	26/09/2007	10/05/2011	Active	NO
11	U45200CH2007PTC030991	AKM REAL ESTATE DEVELOPERS PRIVATE LIMITED	Additional director	16/11/2012	06/11/2007	24/01/2013	Active	NO
12	U15490CH2007PTC031015	PUNJAB SPIRITS PRIVATE LIMITED	Director	29/09/2009	03/12/2007	25/01/2011	Active	NO
13	U51101DL2006PTC148610	CAPRI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	13/12/2007	26/12/2008	Active	NO
14	U65993HP2008PTC030848	CHAMUNDA RENEWABLE ENERGY PRIVATE LIMITED	Director	02/09/2009	11/03/2008	09/05/2011	Active	NO
15	U15122DL2006PTC148694	PUNJAB LIQUORS PRIVATE LIMITED	Director	30/09/2009	30/12/2008	17/12/2009	Active	NO
16	U40101CH2007PTC031012	KUT NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	29/09/2010	14/01/2009	04/01/2011	Active	NO
17	U51109CH2006NPL035192	BROADWAY DEALERS PVT LTD	Director	06/07/2009	29/04/2009	24/11/2009	Active	NO
18	U70101PB1981PTC004581	LORD PROPERTIES PRIVATE LIMITED	Director	19/09/2009	10/07/2009	-	Active	NO
19	U24119DL1987PLC019340	DIGVIJAY CHEMICALS LIMITED	Director	30/09/2009	10/07/2009	12/08/2013	Active	NO
20	U40101HP2007PTC030782	KURMI ENERGY PRIVATE LIMITED	Additional director	11/01/2014	02/09/2009	19/07/2014	Active	NO
21	U40101HP2007PTC030780	ROURA NON CONVENTIONAL ENERGY PRIVATE LIMITED	Additional director	02/09/2009	02/09/2009	25/11/2009	Active	NO
22	U40101HP2009PTC031225	KURMI NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	29/09/2009	29/09/2009	11/01/2011	Active	NO
23	U67120CH2003PTC026235	AKM SHARES AND STOCKS PRIVATE LIMITED	Director	29/09/2010	23/11/2009	-	Active	NO
24	U40101CH2007PTC030729	TIRUPATI RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	30/09/2015	23/11/2009	-	Active	NO
25	U51109CH2006PTC035736	SUNCITY WHOLE SALE PVT LTD	Director	14/12/2009	14/12/2009	-	Active	NO
26	U70102HP2007PTC030641	SKYVIEW REAL ESTATE PRIVATE LIMITED	Director	28/09/2011	29/10/2010	-	Active	NO
27	U40101HP2007PTC030745	KUT ENERGY PRIVATE LIMITED	Director	28/09/2011	23/02/2011	22/08/2014	Active	NO
28	U40101PB2011PTC034928	HIMANI RENEWABLE ENERGY PRIVATE LIMITED	Director	11/04/2011	11/04/2011	-	Active	NO
29	U51909WB2008PTC129678	SPOTLIGHT SUPPLIERS PRIVATE LIMITED	Director	10/12/2012	10/12/2012	-	Active	NO
30	U15500PB2010PTC034451	BHAGAT SPIRITS PRIVATE LIMITED	Director	29/09/2014	12/08/2013	-	Active	NO
31	U15510HP2009PTC031224	CHANDIGARH DISTILLERS & SERVICES PRIVATE LIMITED	Director	27/09/2014	11/01/2014	-	Active	NO
32	U15400HP2007PTC030640	KARNAL LIQUORS SERVICES PRIVATE LIMITED	Additional director	28/03/2014	28/03/2014	15/07/2014	Active	NO
33	U15531HR2010PTC040720	HARYANA LIQUORS PRIVATE LIMITED	Director	23/09/2015	16/01/2015	-	Active	NO
34	U15510HP2007PTC030645	HIGHLAND ALCO SPIRITS PRIVATE LIMITED	Director	28/09/2015	02/02/2015	-	Active	NO
35	U70109CH2012PTC033562	DELHI INFRA DEVELOPERS PRIVATE LIMITED	Director	30/09/2015	24/03/2015	-	Active	NO

Name :

Mr. Amit Kumar Modi

Designation :

Managing Director

Address :

House No. 133, Sector 9-B,, Chandigarh - 160009, Punjab India

Date of Birth/Age :

03.02.1965

Date of Appointment :

02.03.2009

DIN No.:

00888544

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	U01115HP1988PTC008384	JAGDAMBA ORGANICS Private LIMITED	Director	25/09/2010	16/05/1988	29/10/2013	Active	NO
2	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Managing director	02/03/2014	30/09/1991	-	Active	NO
3	U67120CH1996PTC017546	HIMALAYAN CAPITAL SERVICES PRIVATE LIMITED	Director	29/09/2010	27/03/1996	28/10/2013	Active	NO
4	U15520CH1996PTC017960	PUNJAB DISTILLERS AND BOTTLERS Private LIMITED	Director	29/09/2011	02/04/1996	31/10/2013	Active	NO
5	U67120CH1996PTC019092	GOLDEN LOTUS INVESTMENTS PRIVATE LIMITED	Director	27/11/1996	27/11/1996	05/04/2007	Active	NO
6	U40101PB1999PTC022821	PUNJAB HYDRO POWER Private LIMITED	Director	23/11/2001	23/11/2001	31/03/2007	Active	NO
7	U40101PB1999PTC022843	AQUA POWER PRIVATE LIMITED	Director	29/09/2009	18/05/2002	21/11/2009	Active	NO
8	U67120DL2001PTC111662	AQUA HOLDING PVT. LTD.	Director	14/01/2003	14/01/2003	04/01/2010	Active	NO
9	U67120CH2003PTC026236	AQUA CAPITAL PRIVATE LIMITED	Director	29/07/2003	29/07/2003	01/07/2010	Active	NO
10	U67120CH2003PTC026235	AKM SHARES AND STOCKS PRIVATE LIMITED	Director	29/07/2003	29/07/2003	22/12/2008	Active	NO
11	U67120CH2003PTC026234	AKM HOLDING PRIVATE LIMITED	Director	29/09/2010	29/07/2003	02/11/2013	Active	NO
12	U40100PB2003PTC026579	PUNJAB NON CONVENTIONAL ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	23/12/2008	Active	NO
13	U40100PB2003PTC026578	SHIVALIK RENEWABLE ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	23/12/2008	Active	NO
14	U40100PB2003PTC026577	HIMALAYAN RENEWABLE ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	23/12/2008	Active	NO
15	U74899DL1991PTC046387	KANCHANJUNGA POWER COMPANY PRIVATE LIMITED	Director	06/01/2005	06/01/2005	21/01/2013	Active	NO
16	U51909DL1995PTC176537	CYBERWALK TECH PARK PRIVATE LIMITED	Director	20/06/2005	20/06/2005	-	Active	NO
17	U51909CH1995PTC031515	SIGNET SUPPLIERS PVT.LTD.	Director	20/06/2005	20/06/2005	05/04/2007	Active	NO
18	U51909CH1995PTC031448	TOP-TEN SOFTWARE PVT.LTD.	Director	12/10/2005	12/10/2005	06/04/2007	Active	NO
19	U51909DL2005PTC134127	KDM EXIM PRIVATE LIMITED	Director	10/12/2005	10/12/2005	25/07/2007	Active	NO
20	U00388CH2005PTC029354	GROWEL HYDRO POWER COMPANY PRIVATE LIMITED	Director	14/12/2005	14/12/2005	05/04/2007	Active	NO
21	U18101HP2005PTC000111	TOPTRACK GARMENTS PRIVATE LIMITED	Director	14/12/2005	14/12/2005	18/03/2008	Strike off	NO
22	U00388CH2005PTC029355	ARV HYDRO POWER COMPANY PRIVATE LIMITED	Additional director	24/11/2009	14/12/2005	30/04/2010	Active	NO
23	U40100HP2005PTC028693	HIMADRI HYDRO POWER PROJECT PRIVATE LIMITED	Director	25/02/2006	25/02/2006	05/04/2007	Active	NO
24	U74991DL2006PTC148936	CHUNGTHANG HYDRO POWER PRIVATE LIMITED	Director	10/11/2006	10/11/2006	-	Active	NO
25	U40108DL2006PTC149147	LACHUNG HYDRO POWER PRIVATE LIMITED	Director	10/11/2006	10/11/2006	-	Active	NO
26	U74991DL2006PTC148923	TEESTA HYDRO POWER PVT LTD	Director	10/11/2006	10/11/2006	-	Active	NO
27	U45200DL2007PTC158579	KASAWLI INFRASTRUCTURE PRIVATE LIMITED	Director	31/01/2007	31/01/2007	08/11/2013	Active	NO
28	U00060CH2006PTC029572	SAJ INFRASTRUCTURE PRIVATE LIMITED	Director	01/03/2007	01/03/2007	08/11/2013	Active	NO
29	U40100HP2004PTC026975	KAPIL MOHAN AND ASSOCIATES HYDRO POWER PRIVATE LIMITED	Director	24/09/2010	07/07/2007	-	Active	NO
30	U15411CH2002PTC025474	GREATER NOIDA INFOSYSTEMS PRIVATE LIMITED	Director	09/07/2007	09/07/2007	17/08/2009	Active	NO
31	U00060CH2006PTC029585	SKYVIEW INFOTECH PRIVATE LIMITED	Director	08/08/2007	08/08/2007	14/11/2007	Active	NO
32	U40101HP2007PTC030780	ROURA NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	25/09/2010	26/09/2007	-	Active	NO
33	U40101HP2007PTC030782	KURMI ENERGY PRIVATE LIMITED	Director	28/09/2015	27/09/2007	-	Active	NO
34	U45200CH2007PTC030991	AKM REAL ESTATE DEVELOPERS PRIVATE LIMITED	Additional director	29/09/2012	06/11/2007	15/04/2013	Active	NO
35	U40101HP2007PTC030745	KUT ENERGY PRIVATE LIMITED	Director	28/09/2015	10/12/2007	-	Active	NO
36	U40100HP2002PLC031777	GROWEL ENERGY COMPANY LIMITED	Director	28/07/2008	20/03/2008	03/10/2009	Active	NO
37	U17291HP2007PTC030802	CHAMBA JOINER RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	30/09/2008	30/09/2008	17/01/2011	Active	NO
38	U70101PB1981PTC004581	LORD PROPERTIES PRIVATE LIMITED	Director	19/09/2009	10/07/2009	01/11/2013	Active	NO
39	U24119DL1987PLC019340	DIGVIJAY CHEMICALS LIMITED	Managing director	30/01/2013	10/07/2009	12/08/2013	Active	NO
40	U40101CH2007PTC030729	TIRUPATI RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	29/09/2010	23/11/2009	06/11/2013	Active	NO
41	U40101CH2007PTC031012	KUT NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	29/09/2010	24/11/2009	03/01/2011	Active	NO
42	U15400HP2007PTC030640	KARNAL LIQUORS SERVICES PRIVATE LIMITED	Director	28/09/2011	07/01/2011	13/11/2013	Active	NO
43	U15500CH2011PTC032998	BIHAR DISTILLERS & BOTTLERS PRIVATE LIMITED	Director	30/05/2011	30/05/2011	25/03/2014	Active	NO
44	U70109CH2011PTC033442	CAPRI DEVELOPERS PRIVATE LIMITED	Director	29/09/2012	05/01/2012	05/04/2013	Active	NO
45	U15500PB2010PTC034451	BHAGAT SPIRITS PRIVATE LIMITED	Director	24/09/2012	16/08/2012	12/04/2013	Active	NO
46	U15510HP2007PTC030645	HIGHLAND ALCO SPIRITS PRIVATE LIMITED	Director	19/05/2014	19/05/2014	-	Active	NO

Name :

Mr. Harjinder Singh

Designation :

Whole-Time Director

Address :

H. No. 665, Phase 3b1, Mohali, Chandigarh - 160059, Punjab, India

Date of Birth/Age :

27.07.1966

Date of Appointment :

19.11.2008

DIN No.:

00955738

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	U51909DL2005PTC134127	KDM EXIM PRIVATE LIMITED	Director	30/09/2009	27/07/2006	23/11/2009	Active	NO
2	U40100HP2002PLC031777	GROWEL ENERGY COMPANY LIMITED	Director	30/01/2007	30/01/2007	21/03/2008	Active	NO
3	U40100HP2005PTC028693	HIMADRI HYDRO POWER PROJECT PRIVATE LIMITED	Director	03/04/2007	03/04/2007	20/03/2008	Active	NO
4	U18101HP2005PTC000111	TOPTRACK GARMENTS PRIVATE LIMITED	Director	05/04/2007	05/04/2007	21/03/2008	Strike off	NO
5	U51101DL2006PTC148610	CAPRI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	13/12/2007	28/03/2014	Active	NO
6	U74899DL1991PTC046387	KANCHANJUNGA POWER COMPANY PRIVATE LIMITED	Additional director	30/10/2008	30/10/2008	10/02/2009	Active	NO
7	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Whole-time director	19/11/2014	19/11/2008	-	Active	NO
8	U40101HP2007PTC030782	KURMI ENERGY PRIVATE LIMITED	Additional director	12/09/2009	12/09/2009	01/05/2010	Active	NO
9	U40101HP2007PTC030780	ROURA NON CONVENTIONAL ENERGY PRIVATE LIMITED	Additional director	12/09/2009	12/09/2009	25/11/2009	Active	NO
10	U40101HP2009PTC031225	KURMI NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	27/09/2014	29/09/2009	-	Active	NO
11	U51109CH2006PTC035736	SUNCITY WHOLE SALE PVT LTD	Additional director	20/03/2010	20/03/2010	05/01/2011	Active	NO
12	U40101HP2009PTC031226	ROURA ENERGY PRIVATE LIMITED	Director	28/09/2011	20/11/2010	-	Active	NO
13	U40101HP2007PTC030650	RALAM HYDRO POWER PRIVATE LIMITED	Director	28/09/2011	07/01/2011	-	Active	NO
14	U15490CH2007PTC031015	PUNJAB SPIRITS PRIVATE LIMITED	Director	29/09/2011	24/01/2011	01/03/2013	Active	NO
15	U70109CH2012PTC033562	DELHI INFRA DEVELOPERS PRIVATE LIMITED	Director	14/02/2012	14/02/2012	-	Active	NO
16	U51909CH2008PTC035737	HANUMAN VINCOM PRIVATE LIMITED	Director	26/09/2014	26/03/2012	-	Active	NO
17	U51101WB2010PTC144362	GOLDVIEW TIE-UP PRIVATE LIMITED	Director	26/03/2012	26/03/2012	24/01/2013	Active	NO
18	U51101WB2010PTC144354	CROSSROAD VINIMAY PRIVATE LIMITED	Director	19/04/2012	19/04/2012	-	Active	NO
19	U00388CH2005PTC029355	ARV HYDRO POWER COMPANY PRIVATE LIMITED	Director	30/09/2013	05/04/2013	-	Active	NO
20	U15500PB2010PTC034451	BHAGAT SPIRITS PRIVATE LIMITED	Director	24/09/2013	11/04/2013	-	Active	NO
21	U72900CH2013PTC034493	DELHI SOFTWARE SOLUTION PRIVATE LIMITED	Director	16/05/2013	16/05/2013	-	Active	NO
22	U51909WB2008PTC131039	HANUMAN SUPPLIERS PRIVATE LIMITED	Director	28/08/2013	28/08/2013	-	Active	NO
23	U15520CH1996PTC017960	PUNJAB DISTILLERS AND BOTTLERS Private LIMITED	Director	30/09/2014	31/10/2013	-	Active	NO
24	U65923DL2008PTC172705	KUT INVESTMENTS PRIVATE LIMITED	Director	25/09/2014	13/11/2013	-	Active	NO
25	U51909WB2008PTC131061	SRI KRISHNA COMMOSALE PRIVATE LIMITED	Director	05/03/2014	05/03/2014	04/03/2015	Active	NO
26	U40101HP2007PTC030781	HIMANI ENERGY PRIVATE LIMITED	Director	27/09/2014	21/03/2014	-	Active	NO
27	U45203CH2007PTC035735	DYNAMIC DEVELOPERS PRIVATE LIMITED	Director	26/09/2014	21/03/2014	-	Active	NO
28	U51909CH1995PTC031515	SIGNET SUPPLIERS PVT.LTD.	Director	30/09/2014	24/03/2014	-	Active	NO
29	U70102HP2007PTC030641	SKYVIEW REAL ESTATE PRIVATE LIMITED	Director	27/09/2014	25/03/2014	-	Active	NO
30	U01115HP1988PTC008384	JAGDAMBA ORGANICS Private LIMITED	Director	28/09/2015	23/03/2015	-	Active	NO

Name :

Mr. Gautam Khanna

Designation :

Director

Address :

House No. 344, Sector 9, Chandigarh, Chandigarh - 160009, Punjab , India

Date of Appointment :

15.03.2015

DIN No.:

01220530

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	U01115HP1988PTC008384	JAGDAMBA ORGANICS Private LIMITED	Director	14/03/2002	14/03/2002	15/03/2008	Active	NO
2	U40100PB2003PTC026578	SHIVALIK RENEWABLE ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	26/12/2008	Active	NO
3	U40100PB2003PTC026579	PUNJAB NON CONVENTIONAL ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	26/12/2008	Active	NO
4	U40100PB2003PTC026577	HIMALAYAN RENEWABLE ENERGY Private LIMITED	Director	01/12/2003	01/12/2003	26/12/2008	Active	NO
5	U72900DL2006PTC152761	APV INFOTECH PRIVATE LIMITED	Director	30/08/2006	30/08/2006	07/12/2012	Active	NO
6	U67120CH1996PTC019092	GOLDEN LOTUS INVESTMENTS PRIVATE LIMITED	Director	04/04/2007	04/04/2007	25/11/2009	Active	NO
7	U27106HP2005PTC000112	JOYFUL STEEL FABRICATORS PRIVATE LIMITED	Director	05/04/2007	05/04/2007	21/03/2008	Strike off	NO
8	U51909DL2005PTC134127	KDM EXIM PRIVATE LIMITED	Director	05/04/2007	05/04/2007	27/12/2008	Active	NO
9	U40101HP2007PTC030782	KURMI ENERGY PRIVATE LIMITED	Director	25/09/2010	27/10/2008	10/04/2013	Active	NO
10	U25206PB2008PTC032399	PREM METALPLAST PRIVATE LIMITED	Director	06/11/2008	06/11/2008	-	Active	NO
11	U67120CH2003PTC026235	AKM SHARES AND STOCKS PRIVATE LIMITED	Director	29/09/2009	22/12/2008	23/11/2009	Active	NO
12	U67120CH2003PTC026234	AKM HOLDING PRIVATE LIMITED	Director	29/09/2011	22/12/2008	25/03/2014	Active	NO
13	U00388CH2005PTC029355	ARV HYDRO POWER COMPANY PRIVATE LIMITED	Director	29/09/2009	24/12/2008	25/11/2009	Active	NO
14	U40101CH2007PTC031012	KUT NON CONVENTIONAL ENERGY PRIVATE LIMITED	Director	29/09/2009	29/12/2008	25/11/2009	Active	NO
15	U15510HP2009PTC031224	CHANDIGARH DISTILLERS & SERVICES PRIVATE LIMITED	Director	25/09/2010	25/02/2010	27/10/2012	Active	NO
16	U15500PB2010PTC034451	BHAGAT SPIRITS PRIVATE LIMITED	Director	26/11/2010	26/11/2010	25/03/2014	Active	NO
17	U45200CH2007PTC030991	AKM REAL ESTATE DEVELOPERS PRIVATE LIMITED	Additional director	17/01/2011	17/01/2011	28/02/2011	Active	NO
18	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Director	15/03/2015	15/03/2015	-	Active	NO

Name :

Mr. Pushpinder Singh Mamik

Designation :

Whole-Time Director

Address :

House No. 5572, Sector 38 West, Chandigarh, Chandigarh - 160036, Punjab, India

Date of Appointment :

24.10.214

DIN No.:

01422613

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	U67120CH1996PTC019092	GOLDEN LOTUS INVESTMENTS PRIVATE LIMITED	Director	04/04/2007	04/04/2007	24/11/2009	Active	NO
2	U51909DL2005PTC134127	KDM EXIM PRIVATE LIMITED	Director	30/09/2011	05/04/2007	-	Active	NO
3	U27106HP2005PTC000112	JOYFUL STEEL FABRICATORS PRIVATE LIMITED	Director	05/04/2007	05/04/2007	18/03/2008	Strike off	NO
4	U40101CH2007PTC030729	TIRUPATI RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	28/08/2008	21/11/2007	23/11/2009	Active	NO
5	U00388CH2005PTC029354	GROWEL HYDRO POWER COMPANY PRIVATE LIMITED	Director	29/09/2009	22/05/2008	05/01/2010	Active	NO
6	U40101HP2007PTC030781	HIMANI ENERGY PRIVATE LIMITED	Director	30/06/2009	27/10/2008	18/02/2010	Active	NO
7	U40100PB2003PTC026578	SHIVALIK RENEWABLE ENERGY Private LIMITED	Director	25/09/2009	23/12/2008	18/02/2010	Active	NO
8	U40100PB2003PTC026577	HIMALAYAN RENEWABLE ENERGY Private LIMITED	Director	25/09/2009	23/12/2008	09/09/2010	Active	NO
9	U40100PB2003PTC026579	PUNJAB NON CONVENTIONAL ENERGY Private LIMITED	Director	25/09/2009	23/12/2008	18/02/2010	Active	NO
10	U15510HP2009PTC031224	CHANDIGARH DISTILLERS & SERVICES PRIVATE LIMITED	Director	27/09/2014	29/09/2009	-	Active	NO
11	U40101PB1999PTC022843	AQUA POWER PRIVATE LIMITED	Director	27/09/2011	21/11/2009	-	Active	NO
12	U45200CH2007PTC030991	AKM REAL ESTATE DEVELOPERS PRIVATE LIMITED	Additional director	23/11/2009	23/11/2009	19/02/2010	Active	NO
13	U67120CH1996PTC017546	HIMALAYAN CAPITAL SERVICES PRIVATE LIMITED	Additional director	24/11/2009	24/11/2009	19/02/2010	Active	NO
14	U15122DL2006PTC148694	PUNJAB LIQUORS PRIVATE LIMITED	Additional director	17/12/2009	17/12/2009	18/02/2010	Active	NO
15	U45203CH2007PTC035735	DYNAMIC DEVELOPERS PRIVATE LIMITED	Director	19/05/2010	19/05/2010	05/01/2011	Active	NO
16	U70102HP2007PTC030641	SKYVIEW REAL ESTATE PRIVATE LIMITED	Director	28/09/2011	29/10/2010	26/03/2014	Active	NO
17	U40101HP2009PTC031226	ROURA ENERGY PRIVATE LIMITED	Director	28/09/2011	20/11/2010	-	Active	NO
18	U15510HP2007PTC030645	HIGHLAND ALCO SPIRITS PRIVATE LIMITED	Director	28/09/2011	05/01/2011	20/05/2014	Active	NO
19	U51909CH1995PTC031448	TOP-TEN SOFTWARE PVT.LTD.	Director	29/09/2011	06/01/2011	22/03/2014	Active	NO
20	U51909WB2005PTC103656	DOLPHIN TIE UP PRIVATE LIMITED	Director	23/09/2011	08/01/2011	-	Active	NO
21	U17291HP2007PTC030802	CHAMBA JOINER RENEWABLE ENERGY COMPANY PRIVATE LIMITED	Director	28/09/2011	17/01/2011	-	Active	NO
22	U65993HP2008PTC030848	CHAMUNDA RENEWABLE ENERGY PRIVATE LIMITED	Director	28/09/2011	09/05/2011	25/03/2014	Active	NO
23	U72900DL2006PTC152761	APV INFOTECH PRIVATE LIMITED	Director	18/09/2013	05/12/2012	-	Active	NO
24	U65923DL2008PTC172705	KUT INVESTMENTS PRIVATE LIMITED	Director	25/09/2013	18/07/2013	-	Active	NO
25	U00060CH2006PTC029572	SAJ INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2014	07/11/2013	-	Active	NO
26	U51909WB2008PTC131037	ROSE DEALCOM PRIVATE LIMITED	Director	26/09/2014	05/03/2014	-	Active	NO
27	U15531HR2012PTC046066	HIGHRISE SPIRITS PRIVATE LIMITED	Director	23/09/2014	10/06/2014	-	Active	NO
28	U24119DL1987PLC019340	DIGVIJAY CHEMICALS LIMITED	Director	26/09/2014	21/08/2014	22/10/2014	Active	NO
29	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Whole-time director	24/10/2014	24/10/2014	-	Active	NO
30	U67120CH2003PTC026234	AKM HOLDING PRIVATE LIMITED	Additional director	21/03/2015	21/03/2015	12/05/2015	Active	NO

Name :

Mr. Jasnik Singh Kakkar

Designation :

Director

Address :

H.No.2660, Ist Floor, Sector-69, Mohali, Chandigarh - 160062, , India

Date of Appointment :

15.03.2015

DIN No.:

02063553

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	U55101CH2008PTC031462	SAPNA HOSPITALITY PRIVATE LIMITED	Director	23/12/2008	23/12/2008	05/09/2013	Active	NO
2	U15312PB2010PTC033881	AMIR KHAS AGRO FOODS PRIVATE LIMITED	Director	05/05/2010	05/05/2010	-	Active	NO
3	U15531HR2010PTC040720	HARYANA LIQUORS PRIVATE LIMITED	Director	18/06/2010	18/06/2010	11/05/2012	Active	NO
4	U70109PB2011PTC035683	MOHALI BUILDERS & DEVELOPERS PRIVATE LIMITED	Director	25/11/2011	25/11/2011	-	Active	NO
5	U15531HR2012PTC046066	HIGHRISE SPIRITS PRIVATE LIMITED	Director	27/09/2013	25/05/2012	12/06/2014	Active	NO
6	U70109PB2012PTC036459	SHAKUNTLA INFRA PRIVATE LIMITED	Managing director	18/07/2012	18/07/2012	-	Active	NO
7	U74900CH2014PLC034967	REAL VALUE MARKETING & MANAGEMENT LIMITED	Director	19/02/2014	19/02/2014	-	Active	NO
8	U15520PB1986PLC006814	CHANDIGARH DISTILLERS AND BOTTLERS LIMITED	Director	15/03/2015	15/03/2015	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Vivek Bakshi
Designation :	Secretary
Address :	House No. 1473, Phase 3-B-2, Sas Nagar, Mohali, Chandigarh - 160059, Punjab, India
Date of Appointment :	06.04.1993
PAN No.:	ABEPB7797G
Name :	Mr. Ravinder Talwar
Designation :	Chief Executive Officer
Address :	House No. 1598/1, Sector-33d,, Chandigarh -160033, Punjab, India
Date of Appointment :	27.08.2014
PAN No.:	ABMPT4018N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2014

Names of Shareholders	No. of Shares
Punjab Distillers Bottlers Private Limited, India	864247
Jagdamba Organics Private Limited, India	350000
Himalayan Capital Services Private Limited, India	307400
Amit Kumar Modi	76117
Supriya Modi	76117
Soham Modi	76117
Ravinder Talwar	1
Jatinder Arora	1
Total	1750000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2014

Category	Percentage
Bodies corporate	86.95
Directors or relatives of Directors	13.04
Other top fifty shareholders	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Bottling of potable alcohol and country liquor

Products :

Item Code No.	Product Description
2207	Rectified Spirit

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

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
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 :

Not Divulged

Bankers :

• Axis Bank Limited, SCO 343-344, Sector 35B, Chandigarh – 160022, Punjab, India
• Canara Bank, Sector 35-B, Chandigarh, Punjab – 160035, India
• Corporation Bank, Industrial Finance Branch, 16/10, (F/F), Main Arya Samaj Road, Carol Bagh, New Delhi – 110005, India

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loan from banks	369.119	399.934
SHORT TERM BORROWING
Loans repayable on demand from banks	93.153	76.168
Total	462.272	476.102

Banking Relations :	--
Auditors :
Name :	NAYYAR MALIK and Company Chartered Accountants
Address :	370a, Sant Nagar, East of Kailash, New Delhi, India
PAN N Income-tax PAN of auditor or auditor's firm :	AAAFL6210Q
Memberships :	--
Collaborators :	--
Subsidiaries :	Ralam Hydro Power Private Limited CIN No.: U40101hp2007ptc030650 Akm Real Estate Developers Private Limited CIN No.: U45200CH2007PTC030991 Bihar Distillers and Bottlers Private Limited CIN No.: U15500ch2011ptc032998
Related Party :	Jagdamba Organics Private Limited CIN No.: U01115HP1988PTC008384 Himalayan Capital Services Private Limited CIN No.: U67120CH1996PTC017546

CAPITAL STRUCTURE

As on 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
1,750,000	Equity Shares	Rs.100/- each	Rs. 175.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1,750,000	Equity Shares	Rs.10/- each	Rs.175.000 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	175.000	175.000	175.000
(b) Reserves & Surplus	1393.804	1280.257	1125.311
(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)	1568.804	1455.257	1300.311
(3) Non-Current Liabilities
(a) long-term borrowings	509.119	469.934	526.269
(b) Deferred tax liabilities (Net)	255.942	247.836	229.799
(c) Other long term liabilities	83.130	74.057	31.180
(d) long-term provisions	18.173	16.207	13.548
Total Non-current Liabilities (3)	866.364	808.034	800.796
(4) Current Liabilities
(a) Short term borrowings	93.153	76.168	187.765
(b) Trade payables	391.938	267.036	572.108
(c) Other current liabilities	196.103	160.158	145.396
(d) Short-term provisions	56.160	37.065	66.817
Total Current Liabilities (4)	737.354	540.427	972.086
TOTAL	3172.522	2803.718	3073.193
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1453.773	1494.628	1288.408
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	15.914	31.217	248.666
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	890.888	383.168	324.208
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	111.035	103.476	100.642
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	2471.610	2012.489	1961.924
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	202.810	138.327	234.544
(c) Trade receivables	216.497	166.599	424.889
(d) Cash and cash equivalents	124.552	82.271	83.227
(e) Short-term loans and advances	147.109	394.143	359.048
(f) Other current assets	9.944	9.889	9.561
Total Current Assets	700.912	791.229	1111.269
TOTAL	3172.522	2803.718	3073.193

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	4767.484	4701.964	6656.189
	Other Income	90.831	105.530	20.267
	TOTAL (A)	4858.315	4807.494	6676.456
Less	EXPENSES
	Cost of Materials Consumed	3667.695	3477.087	4364.929
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(36.758)	(55.081)	(1.619)
	Employees benefits expense	107.832	111.707	112.895
	Other expenses	745.471	821.001	1829.933
	Exceptional Item	(0.004)	(3.953)	1.254
	TOTAL (B)	4484.236	4460.923	6307.392
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	374.079	346.571	369.064
Less	FINANCIAL EXPENSES (D)	88.383	85.686	48.778
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	285.696	260.885	320.286
Less/ Add	DEPRECIATION/ AMORTISATION (F)	114.394	110.340	97.028
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	171.302	150.545	223.258
Less	TAX (H)	57.755	48.799	74.324
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	113.547	101.746	148.934
	Earnings / (Loss) Per Share (Rs.)	64.88	58.14	85.11

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	119.972	885.620	38.521
Cash generated from operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	2.38	2.16	2.24
Operating Profit Margin (PBIDT/Sales)	(%)	7.85	7.37	5.54
Return on Total Assets (PBT/Total Assets}	(%)	7.56	6.30	8.93
Return on Investment (ROI) (PBT/Networth)		0.11	0.10	0.17
Debt Equity Ratio (Total Debt /Networth)		0.46	0.98	0.58
Current Ratio (Current Asset/Current Liability)		0.95	1.46	1.14

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	175.000	175.000	175.000
Reserves & Surplus	1125.311	1280.257	1393.804
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	1300.311	1455.257	1568.804
long-term borrowings	526.269	469.934	509.119
Short term borrowings	187.765	76.168	93.153
Current Maturities of Long-Term Debts	38.521	885.620	119.972
Total borrowings	752.555	1431.722	722.244
Debt/Equity ratio	0.579	0.984	0.460

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	6656.189	4701.964	4767.484
		(29.360)	1.393

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	6656.189	4701.964	4767.484
Profit	148.934	101.746	113.547
	2.24%	2.16%	2.38%

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	No
8	Designation of contact person	No
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)	No
16	No. of employees	No
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	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Other loans and advances	140.000	70.000
Total	140.000	70.000

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10574494	23/08/2014	506,700,000.00	STATE BANK OF INDIA	SPECIALISED COMMERCIAL BRANCH, SCO 103-106, SECTO  R 17-B, CHANDIGARH, Chandigarh - 160017, INDIA	C56220734
2	10468600	23/07/2014 *	965,000,000.00	CANARA BANK	SECTOR 35B, CHANDIGARH, Chandigarh - 160035, INDIA	C13864871
3	10440038	21/01/2014 *	250,000,000.00	Axis Bank Limited	SCO 343-344, SECTOR 35B, CHANDIGARH, Chandigarh -  160022, INDIA	B94337987
4	10429400	23/07/2014 *	965,000,000.00	CANARA BANK	SECTOR 35B,, CHANDIGARH, Chandigarh - 160035, INDIA	C13864202
5	10246410	20/10/2010	450,000,000.00	STATE BANK OF INDIA	SCO 103-106, SECTOR 17-B, CHANDIGARH, Chandigarh - 160017, INDIA	A97171318
6	10198636	15/02/2010 *	150,000,000.00	CORPORATION BANK INDUSTRIAL FINANCE BRANCH	1ST, FLOOR, 16/10,MAIN ARYA SAMAJ ROAD,KAROL BAGH  , NEW DELHI, Delhi - 110001, INDIA	A80212459
7	80018595	11/12/2013 *	815,000,000.00	CANARA BANK	SECTOR-35B, CHANDIGARH, Chandigarh - 160035, INDIA	B92910496

*Date of charge modification

FIXED ASSETS

• Land
• Buildings
• Plant and equipment
• Factory equipments
• Vehicles

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.64.78
UK Pound	1	Rs.99.54
Euro	1	Rs.73.08

INFORMATION DETAILS

Information Gathered by :	KMN
Analysis Done by :	KAS
Report Prepared by :	SUJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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		51

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.