MIRA INFORM REPORT

Report No. :	338860
Report Date :	02.09.2015

IDENTIFICATION DETAILS

Name :	SRI VISHNU SHAKAR MILLS LIMITED
Registered Office :	Sri Vishnu Shankar Millis Premises Post Box No. 109, P. A. C. Ramasamy Raja Salai, Rajapalayam – 626117, Tamilnadu
Tel. No.:	91-4563-235555
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	23.03.1981
Com. Reg. No.:	18-008677
Capital Investment / Paid-up Capital :	Rs. 15.000 Million
CIN No.: [Company Identification No.]	U17301TN1981PLC008677
IEC No.:	2890000711
TAN No.: [Tax Deduction & Collection Account No.]	MRIS01557D
PAN No.: [Permanent Account No.]	MRIS01557D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Yarn
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (34)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company having moderate track record. The company has taken huge external borrowing, which acts as threatening to the liquidity position of the company. However, trade relations are fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some caution.

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	ICRA
Rating	Term loan facilities = BB-
Rating Explanation	Inadequate-credit-quality and high credit risk
Date	February 2015

Rating Agency Name	ICRA
Rating	Non-fund based facilities = A4
Rating Explanation	Minimal degree of safety and very high credit risk
Date	February 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 31-03-2013.

INFORMATION PARTED BY

Name :	Mr. Athman
Designation :	Accounts Department
Contact No.:	91-4563-235555
Date :	28.08.2015

LOCATIONS

Registered Office/ Unit I :	Sri Vishnu Shankar Millis Premises Post Box No. 109, P. A. C. Ramasamy Raja Salai, Rajapalayam – 626117, Tamilnadu, India
Tel. No.:	91-4563-235551
Mobile No.:	91-9003913108 (Mr. Pannier Selvam)
Fax No.:	91-4563-236493
E-Mail :	svsmill@sancharnet.in
Unit II :	Subramaniyapuram, Pilaryarkulam Village Vrindanagar – 626137, Tamilnadu, India

DIRECTORS

As On 04.08.2014

Name :

Mr. Poosapadi Ramasamy Raja Ramasubrahmaneya Rajha

Designation :

Director

Address :

Rama Mandiram, Tenkasi Road, Rajapalyam, Vriudhunagar – 626117, Tamilnadu, India

Date of Birth/Age :

04.07.1935

Date of Appointment :

24.06.1992

DIN No.:

00331357

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	L17111TN1939PLC002302	RAMARAJU SURGICAL COTTON MILLS LIMITED	Director	19/03/1956	19/03/1956	-	Active	NO
2	L17111TN1936PLC002298	RAJAPALAYAM MILLS LIMITED	Director	31/08/1956	31/08/1956	-	Active	NO
3	L26941TN1957PLC003566	THE RAMCO CEMENTS LIMITED	Managing director	01/04/2014	20/03/1958	-	Active	NO
4	U20293TN1961PLC004457	MADRAS CHIP BOARDS LTD	Director	29/03/1961	29/03/1961	18/08/2014	Active	NO
5	L17111TN1961PLC004505	THANJAVUR SPINNING MILL LIMITED	Director	09/06/1961	09/06/1961	-	Active	NO
6	L26943TN1965PLC005297	RAMCO INDUSTRIES LIMITED	Director	27/01/1965	27/01/1965	-	Active	NO
7	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	24/06/1992	24/06/1992	-	Active	NO
8	U17111TN1994PLC027037	SANDHYA SPINNING MILL LIMITED	Director	30/08/1995	30/08/1995	-	Active	NO
9	U01119TN1996PTC037129	SRI SANDHYA FARMS (INDIA) PRIVATE LIMITED	Director	13/12/1996	13/12/1996	-	Active	NO
10	L72300TN1997PLC037550	RAMCO SYSTEMS LIMITED	Director	19/02/1997	19/02/1997	-	Active	NO
11	U01119TN1997PTC039226	NALINA AGRICULTURAL FARMS PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
12	U01119TN1997PTC039225	SRI SARADHA DEEPA FARMS PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
13	U01119TN1997PTC039224	RAMAMANDIRAM AGRICULTURAL ESTATE PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
14	U65993TN1998PLC040821	SUDHARSANAM INVESTMENTS LIMITED	Director	16/07/1998	16/07/1998	27/08/2014	Active	NO
15	U01409TN1998PTC041183	SRI NITHYALAKSHMI FARMS PRIVATE LIMITED	Director	23/09/1998	23/09/1998	-	Active	NO
16	U01119TN1998PTC041396	NIRMALASHANKAR FARMS & ESTATES PRIVATE LIMITED	Director	10/11/1998	10/11/1998	-	Active	NO
17	U93090TN1961PTC004442	RCDC SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	06/12/2000	06/12/2000	-	Active	NO
18	U01111TN2002PTC049847	RAM SANDHYA FARMS PRIVATE LIMITED	Director	08/11/2002	08/11/2002	-	Active	NO
19	U93090TN1938NPL002300	RAJAPALAYAM CHAMBER OF COMMERCE AND INDUSTRY	Director	12/09/2004	12/09/2004	-	Active	NO
20	U72900TN2004PLC054575	Moka Technology Services Limited	Director	01/11/2004	01/11/2004	14/07/2007	Active	NO
21	U17111TN2005PLC057807	SRI HARINI TEXTILES LIMITED	Director	28/07/2006	13/10/2005	21/08/2014	Active	NO
22	U17100TN2007PLC064234	RAJAPALAYAM SPINNERS LIMITED	Director	13/07/2007	13/07/2007	-	Amalgamated	NO
23	U67120TN1943PTC002305	RAMCO MANAGEMENT PRIVATE LIMITED	Director	06/08/2008	21/03/2008	-	Active	NO
24	U15420TZ2009PLC015974	MADRAS SUGARS LIMITED	Director	30/04/2009	30/04/2009	22/03/2010	Active	NO
25	U22210TN2010PLC077293	SHRI HARINI MEDIA LIMITED	Director	08/09/2010	08/09/2010	18/08/2014	Active	NO
26	U40101TN2011PLC078737	DECCAN RENEWABLE WIND ELECTRICS LIMITED	Director	06/01/2011	06/01/2011	28/12/2013	Active	NO
27	U40109TN2013PLC093905	RAMCO WINDFARMS LIMITED	Director	26/11/2013	26/11/2013	22/05/2014	Active	NO
28	U17120TN2014PLC094685	RAJAPALAYAM TEXTILE LIMITED	Director	04/08/2014	23/01/2014	-	Active	NO

Name :

Ms. Sharadha Deepa

Designation :

Managing Director

Address :

39 B1 Shop Garden, Rapuram, Chennai – 60028, Tamilnadu, India

Date of Birth/Age :

28.08.1966

Date of Appointment :

01.04.2014

DIN No.:

00383799

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	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Managing director	01/04/2014	02/07/2003	-	Active	NO
2	U55101TN2009PLC073737	JKR ENTERPRISE LIMITED	Director	01/12/2009	01/12/2009	-	Active	NO

Name :

Mr. Venketrama Raja Poosapadi Ramasubrahmaneya Rajha

Designation :

Director

Address :

Rama Mandiram, Tenkasi Road, Rajapalayam, Vriudhunagar – 626117, Tamilnadu, India

Date of Birth/Age :

14.05.1959

Date of Appointment :

23.03.1981

DIN No.:

00331406

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	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	23/03/1981	23/03/1981	-	Active	NO
2	L26941TN1957PLC003566	THE RAMCO CEMENTS LIMITED	Director	23/05/1985	23/05/1985	-	Active	NO
3	L17111TN1936PLC002298	RAJAPALAYAM MILLS LIMITED	Director	25/04/1986	25/04/1986	-	Active	NO
4	L17111TN1939PLC002302	RAMARAJU SURGICAL COTTON MILLS LIMITED	Director	04/03/1992	04/03/1992	-	Active	NO
5	L26943TN1965PLC005297	RAMCO INDUSTRIES LIMITED	Managing director	01/04/2014	09/03/1992	-	Active	NO
6	U17111TN1994PLC027037	SANDHYA SPINNING MILL LIMITED	Director	30/08/1995	30/08/1995	-	Active	NO
7	U01119TN1996PTC037129	SRI SANDHYA FARMS (INDIA) PRIVATE LIMITED	Director	13/12/1996	13/12/1996	-	Active	NO
8	L72300TN1997PLC037550	RAMCO SYSTEMS LIMITED	Managing director	22/05/2014	19/02/1997	-	Active	NO
9	U01119TN1997PTC039226	NALINA AGRICULTURAL FARMS PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
10	U01119TN1997PTC039225	SRI SARADHA DEEPA FARMS PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
11	U01119TN1997PTC039224	RAMAMANDIRAM AGRICULTURAL ESTATE PRIVATE LIMITED	Director	14/10/1997	14/10/1997	-	Active	NO
12	U65993TN1998PLC040821	SUDHARSANAM INVESTMENTS LIMITED	Director	16/07/1998	16/07/1998	-	Active	NO
13	U01409TN1998PTC041183	SRI NITHYALAKSHMI FARMS PRIVATE LIMITED	Director	23/09/1998	23/09/1998	-	Active	NO
14	U01119TN1998PTC041396	NIRMALASHANKAR FARMS & ESTATES PRIVATE LIMITED	Director	10/11/1998	10/11/1998	-	Active	NO
15	L17111TN1961PLC004505	THANJAVUR SPINNING MILL LIMITED	Director	03/09/2000	03/09/2000	24/09/2014	Active	NO
16	U93090TN1961PTC004442	RCDC SECURITIES AND INVESTMENTS PRIVATE LIMITED	Director	06/12/2000	06/12/2000	-	Active	NO
17	U01111TN2002PTC049847	RAM SANDHYA FARMS PRIVATE LIMITED	Director	08/11/2002	08/11/2002	-	Active	NO
18	U72900TN2004PLC054575	Moka Technology Services Limited	Director	01/11/2004	01/11/2004	20/08/2007	Active	NO
19	U17111TN2005PLC057807	SRI HARINI TEXTILES LIMITED	Director	28/07/2006	13/10/2005	27/09/2014	Active	NO
20	U17100TN2007PLC064234	RAJAPALAYAM SPINNERS LIMITED	Director	13/07/2007	13/07/2007	-	Amalgamated	NO
21	U15420TZ2009PLC015974	MADRAS SUGARS LIMITED	Director	30/04/2009	30/04/2009	22/03/2010	Active	NO
22	U40101TN2011PLC078737	DECCAN RENEWABLE WIND ELECTRICS LIMITED	Director	06/01/2011	06/01/2011	28/12/2013	Active	NO
23	U40109TN2013PLC093905	RAMCO WINDFARMS LIMITED	Director	26/11/2013	26/11/2013	22/05/2014	Active	NO
24	U17120TN2014PLC094685	RAJAPALAYAM TEXTILE LIMITED	Director	04/08/2014	23/01/2014	-	Active	NO

Name :

Mr. Sinthalapadi Srirenga Raja Ramchandra Raja

Designation :

Director

Address :

58 PSK Nagar, Rajapalayam, Vriudhunagar – 626117, Tamilnadu, India

Date of Birth/Age :

04.09.1935

Date of Appointment :

25.04.1986

DIN No.:

00331491

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	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	25/04/1986	25/04/1986	-	Active	NO
2	U67120TN1943PTC002305	RAMCO MANAGEMENT PRIVATE LIMITED	Director	27/03/1989	27/03/1989	-	Active	NO
3	L17111TN1936PLC002298	RAJAPALAYAM MILLS LIMITED	Director	24/06/1992	24/06/1992	-	Active	NO
4	L26943TN1965PLC005297	RAMCO INDUSTRIES LIMITED	Director	25/06/1992	25/06/1992	-	Active	NO
5	U01119TN1994PTC027903	SRI SETHU RAMASAMY FARMS PRIVATE LIMITED	Director	29/06/1994	29/06/1994	-	Active	NO
6	L72300TN1997PLC037550	RAMCO SYSTEMS LIMITED	Director	19/02/1997	19/02/1997	13/08/2014	Active	NO
7	U72900TN2004PLC054575	Moka Technology Services Limited	Director	01/11/2004	01/11/2004	14/07/2007	Active	NO
8	U93090TN1938NPL002300	RAJAPALAYAM CHAMBER OF COMMERCE AND INDUSTRY	Director	27/08/2006	27/08/2006	-	Active	NO

Name :

Mr. Ramchandra Raja Chittammal

Designation :

Director

Address :

58 PSK Nagar, Rajapalayam, Vriudhunagar – 626117, Tamilnadu, India

Date of Birth/Age :

09.05.1937

Date of Appointment :

24.03.1997

DIN No.:

00380765

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	U74999TN1943PTC002304	RAMCO AGENCIES PRIVATE LIMITED	Director	16/07/1980	16/07/1980	-	Active	NO
2	U74999TN1942PTC002303	RAMCO PRIVATE LIMITED	Director	01/12/1981	01/12/1981	-	Active	NO
3	U01119TN1989PTC017038	RAJAPALAYAM FARMS PRIVATE LIMITED	Director	10/03/1989	10/03/1989	-	Active	NO
4	U01119TN1989PTC017033	SUDARASANA FARMS PRIVATE LIMITED	Director	10/03/1989	10/03/1989	-	Active	NO
5	U01119TN1994PTC027902	CHITHAMMAL FARMS PRIVATE LIMITED	Director	29/06/1994	29/06/1994	-	Active	NO
6	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	24/03/1997	24/03/1997	-	Active	NO

Name :

Mr. Nambur Krishnama Raja Shrikantan Raja

Designation :

Director

Address :

Sri Bhavanam, PSK Nagar, Rajapalayam, Vriudhunagar – 626108, Tamilnadu, India

Date of Birth/Age :

20.07.1949

Date of Appointment :

01.04.2014

DIN No.:

00350693

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	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	01/04/2014	23/03/1981	-	Active	NO
2	U90009TN1988PLC015533	SRI YANNARKAY SERVICERS LTD	Director	28/03/1988	28/03/1988	-	Active	NO
3	L72300TN1997PLC037550	RAMCO SYSTEMS LIMITED	Director	19/02/1997	19/02/1997	13/08/2014	Active	NO
4	U65993TN1998PLC040821	SUDHARSANAM INVESTMENTS LIMITED	Director	20/07/2001	20/07/2001	-	Active	NO
5	U17111TN1994PLC027037	SANDHYA SPINNING MILL LIMITED	Director	04/08/2014	03/08/2001	-	Active	NO
6	L17111TN1939PLC002302	RAMARAJU SURGICAL COTTON MILLS LIMITED	Director	15/04/2002	15/04/2002	-	Active	NO
7	U72900TN2004PLC054575	Moka Technology Services Limited	Director	01/11/2004	01/11/2004	14/07/2007	Active	NO
8	U17111TN2005PLC057807	SRI HARINI TEXTILES LIMITED	Director	28/07/2006	13/10/2005	-	Active	NO
9	L26943TN1965PLC005297	RAMCO INDUSTRIES LIMITED	Director	28/04/2006	28/04/2006	-	Active	NO
10	U26950TN2007PTC063772	N.R.K. CONSTRUCTION SYSTEMS PRIVATE LIMITED	Director	04/06/2007	04/06/2007	-	Active	NO
11	U93090TN1938NPL002300	RAJAPALAYAM CHAMBER OF COMMERCE AND INDUSTRY	Director	05/08/2007	05/08/2007	-	Active	NO
12	U26931TN2008PTC068710	NRK INFRA SYSTEM PRIVATE LIMITED	Director	31/07/2008	31/07/2008	-	Active	NO

Name :

Mr. Srirama Raja

Designation :

Director

Address :

39, Bishop Garden, Rapuram, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

01.07.1965

Date of Appointment :

02.07.2003

DIN No.:

00383912

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	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	02/07/2003	02/07/2003	-	Active	NO
2	U85191TG2009PTC063624	RT-MEDIBUS TECHNOLOGIES PRIVATE LIMITED	Whole-time director	07/02/2013	08/05/2009	-	Active	NO
3	U55101TN2009PLC073737	JKR ENTERPRISE LIMITED	Director	01/12/2009	01/12/2009	-	Active	NO

Name :

Mr. Arun Kumar Goenka

Designation :

Director

Address :

Devashish, 10 Nagal Park, Kolhapur, Maharashtra, India

Date of Birth/Age :

24.02.1953

Date of Appointment :

23.10.1983

DIN No.:

00393845

Name :

Mr. Krishnan Thriuvengadam Kottur

Designation :

Director

Address :

86 Second Main Road, Grandhi Nagar, Chennai – 600020, Tamilnadu, India

Date of Birth/Age :

15.05.1940

Date of Appointment :

01.04.2014

DIN No.:

00707574

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	L17111TN1961PLC004505	THANJAVUR SPINNING MILL LIMITED	Managing director	10/11/2010	16/02/1974	-	Active	NO
2	U17111TN1974PTC006634	NEDUMBALAM SAMIAPPA ANNAPOORANI MILLS PRIVATE LIMITED	Director	05/06/1977	05/06/1977	25/08/2010	Active	NO
3	L17111TN1936PLC002298	RAJAPALAYAM MILLS LIMITED	Director	04/08/2014	02/04/1986	-	Active	NO
4	U17111TN1994PLC027037	SANDHYA SPINNING MILL LIMITED	Director	04/08/2014	30/08/1995	-	Active	NO
5	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	01/04/2014	28/09/2000	-	Active	NO
6	U65993TN1998PLC040821	SUDHARSANAM INVESTMENTS LIMITED	Director	20/07/2001	20/07/2001	-	Active	NO
7	L17111TN1939PLC002302	RAMARAJU SURGICAL COTTON MILLS LIMITED	Director	25/05/2014	25/05/2014	-	Active	NO

Name :

Mr. Kanthimathinathan Subramanian

Designation :

Director

Address :

Old No.123 Ajubili Road, Ilanji Post, Tenkasi – 627805, Tirunelveli, Tamilnadu

Date of Birth/Age :

01.10.1942

Date of Appointment :

04.08.2014

DIN No.:

1124581

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	U74999TN2002PLC048773	ONTIME INDUSTRIAL SERVICES LIMITED	Director	16/04/2002	16/04/2002	16/08/2012	Active	NO
2	L17111TN1939PLC002302	RAMARAJU SURGICAL COTTON MILLS LIMITED	Director	06/08/2008	16/01/2008	-	Active	NO
3	U17100TN2007PLC064234	RAJAPALAYAM SPINNERS LIMITED	Director	06/08/2008	16/01/2008	-	Amalgamated	NO
4	U17111TN1994PLC027037	SANDHYA SPINNING MILL LIMITED	Director	06/08/2008	16/01/2008	-	Active	NO
5	U40101TN2011PLC078737	DECCAN RENEWABLE WIND ELECTRICS LIMITED	Director	06/01/2011	06/01/2011	28/12/2013	Active	NO
6	U17111TN2005PLC057807	SRI HARINI TEXTILES LIMITED	Director appointed in casual vacancy	30/07/2013	30/07/2013	-	Active	NO
7	L17111TN1961PLC004505	THANJAVUR SPINNING MILL LIMITED	Director	04/08/2014	04/09/2013	-	Active	NO
8	U25201TN1985PTC011946	DIGVIJAI POLYTEX PRIVATE LIMITED	Director	04/08/2014	14/10/2013	-	Active	NO
9	U17301TN1981PLC008677	SRI VISHNU SHANKAR MILLS LIMITED	Director	04/08/2014	28/10/2013	-	Active	NO
10	U17120TN2014PLC094685	RAJAPALAYAM TEXTILE LIMITED	Director	04/08/2014	30/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Athman
Designation :	Accounts Department

MAJOR SHAREHOLDERS

AS ON 04.08.2014

SHAREHOLDING DETAILS FILE ATTACHED.

AS ON 04.08.2014

Equity Share Break up (Percentage of Total Equity)

Category	Percentage of Holding
Bodies corporate	4.00
Directors or relatives of Directors	64.00
Other top fifty shareholders	11.00
Others	21.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Yarn
Products :	Not Divulged
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :
Products :	Yarn
Countries :	Japan
Imports :
Products :	Cotton Yarn
Countries :	Japan
Terms :
Selling :	Cash, Advance Payment and Cheque
Purchasing :	Cash, Advance Payment and Cheque

GENERAL INFORMATION

Suppliers :

Not Divulged

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

Customers :

Not Divulged

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

No. of Employees :

500 (Approximately)

Bankers :

Banker Name	Tamilnadu Mercantile Bank Limited
Branch Address	391 Aishwarya Complex, Rajapalayam – 626117
Person Name (With Designation)	Not Divulged
Contact Number	91-4563-220490
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 LOANS	31.03.2014	31.03.2013
LONG TERM BORROWINGS
Term Loan From Bank	965.691	1021.851
SHORT TERM BORROWINGS
Loans repayable on demand	734.078	651.179
Total	1699.769	1673.030

Auditors :
Name :	N A Jayaraman and Company Chartered Accountants
Address :	Chennai, Tamilnadu, India
PAN No.:	AEAPP4490B
Memberships :	--
Collaborators :	--
Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As On 04.08.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
30,00,000	Equity Shares	Rs. 10/- each	Rs. 30.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
15,00,000	Equity Shares	Rs. 10/- each	Rs. 15.000 Millions

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	15.000	15.000	15.000
(b) Reserves & Surplus	182.530	102.113	22.085
(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)	197.530	117.113	37.085
(3) Non-Current Liabilities
(a) long-term borrowings	965.691	1021.851	1346.467
(b) Deferred tax liabilities (Net)	109.825	78.446	40.046
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	6.770	5.637	4.350
Total Non-current Liabilities (3)	1082.286	1105.934	1390.863
(4) Current Liabilities
(a) Short term borrowings	752.327	723.703	370.807
(b) Trade payables	111.228	19.176	19.997
(c) Other current liabilities	374.188	379.135	493.228
(d) Short-term provisions	40.751	8.021	48.755
Total Current Liabilities (4)	1278.494	1130.035	932.787
TOTAL	2558.310	2353.082	2360.735
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1540.527	1709.162	1810.932
(ii) Intangible Assets	0.664	0.840	1.017
(iii) Capital work-in-progress	1.728	0.000	5.138
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	83.495	3.419	3.419
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	17.594	19.405	26.898
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1644.008	1732.826	1847.404
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	594.608	343.135	248.285
(c) Trade receivables	194.835	213.353	161.051
(d) Cash and cash equivalents	6.726	6.293	11.465
(e) Short-term loans and advances	55.802	17.641	49.381
(f) Other current assets	62.331	39.834	43.149
Total Current Assets	914.302	620.256	513.331
TOTAL	2558.310	2353.082	2360.735

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2014	31.03.2013	31.03.2012
	SALES
		Income	2195.412	2167.110	1661.848
		Other Income	98.658	14.459	23.929
		TOTAL (A)	2294.070	2181.569	1685.777
Less	EXPENSES
		Cost of Material Consumed	1115.520	940.285	967.247
		Purchase of Stock-in-Trade	129.189	315.317	16.190
		Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(26.223)	7.828	209.284
		Employees Benefits Expenses	164.681	136.952	107.826
		Other Expenses	361.212	310.119	304.622
		TOTAL (B)	1744.379	1710.501	1605.169
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		549.691	471.068	80.608
Less	FINANCIAL EXPENSES (D)		193.325	224.823	236.786
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		356.366	246.245	(156.178)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		213.044	127.817	126.932
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		143.322	118.428	(283.110)
Less	TAX (H)		57.640	38.400	(100.600)
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		85.682	80.028	(182.510)
	Earnings / (Loss) Per Share (Rs.)		5.70	5.30	12.20

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 (used in) operation	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	3.90	3.69	(10.98)
Operating Profit Margin (PBDIT/Sales)	(%)	25.03	21.73	4.85
Return on Total Assets (PBT/Total Assets}	(%)	5.80	5.04	(12.04)
Return on Investment (ROI) (PBT/Networth)		0.73	1.01	(7.63)
Debt Equity Ratio (Total Liability/Networth)		8.70	14.90	46.31
Current Ratio (Current Asset/Current Liability)		0.72	0.55	0.55

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	15.000	15.000	15.000
Reserves & Surplus	22.085	102.113	182.530
Net worth	37.085	117.113	197.530
long-term borrowings	1346.467	1021.851	965.691
Short term borrowings	370.807	723.703	752.327
Total borrowings	1717.274	1745.554	1718.018
Debt/Equity ratio	46.306	14.905	8.698

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	1661.848	2167.110	2195.412
		30.404	1.306

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	1661.848	2167.110	2195.412
Profit	(82.510)	80.028	85.682
	(10.98%)	3.69%	3.90%

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	No
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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10464433	29/11/2013	250,000,000.00	TAMILNAD MERCANTILE BANK LIMITED	391, AISHWARYA COMPLEX, TENKASI ROAD, RAJAPALAYAM  , Tamil Nadu - 626117, INDIA	B91228635
2	10364032	28/06/2012	139,200,000.00	CANARA BANK AND OTHER BANKS AS PER LIST ATTACHED	883, TENKASI ROAD, RAJAPALAYAM, Tamil Nadu - 62611  7, INDIA	B43008051
3	10364044	28/06/2012	139,200,000.00	CANARA BANK AND OTHER BANKS AS PER LIST ATTACHED	883, TENKASI ROAD, RAJAPALAYAM, Tamil Nadu - 62611  7, INDIA	B43013713
4	10319850	14/11/2011	225,000,000.00	TAMILNAD MERCANTILE BANK LTD.	391, AISHWARYA COMPLEX, TENKASI ROAD, RAJAPALAYAM  , Tamil Nadu - 626117, INDIA	B26150706
5	10312150	23/09/2011	192,000,000.00	INDIAN BANK	THOUSAND LIGHTS BRANCH, KANNAMMAI BUILDING, 611 A  NNA SALAI, CHENNAI, Tamil Nadu - 600006, INDIA	B23248917
6	10312148	23/09/2011	200,000,000.00	INDIAN BANK	THOUSAND LIGHTS BRANCH, KANNAMMAI BUILDING, 611 A  NNA SALAI, CHENNAI, Tamil Nadu - 600006, INDIA	B23248586
7	10302261	01/08/2011	455,000,000.00	TAMILNAD MERCANTILE BANK LTD.	391, AISHWARYA COMPLEX,, TENKASI ROAD,, RAJAPALAY  AM, Tamil Nadu - 626117, INDIA	B18817007
8	10242930	28/09/2010	139,200,000.00	INDIAN BANK	THOUSAND LIGHTS BRANCH, KANNAMMAI BUILDINGS, 611,  ANNA SALAI, CHENNAI, Tamil Nadu - 600006, INDIA	A96055595
9	10176282	31/10/2012 *	3,711,200,000.00	CANARA BANK AND OTHER BANKS AS PER LIST ATTACHED	883, TENKASI ROAD, RAJAPALAYAM, Tamil Nadu - 62611  7, INDIA	B64453467
10	10086309	03/06/2011 *	240,000,000.00	IDBI BANK LTD.	LIC BUILDING, FIRST FLOOR, NO.3, WEST MARRET STRE  ET, OPP. TO RAILWAY STATION,, MADURAI, Tamil Nadu  - 625001, INDIA	B14770523

UNSECURED LOANS

PARTICULAR	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
SHORT TERM BORROWINGS
Rupees Term loan from Bank	0.225	0.225
Deposits	18.024	72.299
Total	18.249	72.527

FIXED ASSETS

• Land
• Buildings
• Plant and Equipment
• Vehicles
• Office Equipment

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 66.26
UK Pound	1	Rs. 101.99
Euro	1	Rs. 74.75

INFORMATION DETAILS

Information Gathered by :	MNJ
Analysis Done by :	KAR
Report Prepared by :	JYO

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILITY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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		34

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.