MIRA INFORM REPORT

Report No. :	339072
Report Date :	04.09.2015

IDENTIFICATION DETAILS

Name :	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED (w.e.f 09.07.2010)
Formerly Known As :	FABTECH TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED (w.e.f 24.07.2001) PULSE PARENTERALS PRIVATE LIMITED
Registered Office :	717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai – 400053, Maharashtra
Tel. No.:	91-22-61592900
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	20.11.1995
Com. Reg. No.:	11-094603
Capital Investment / Paid-up Capital :	Rs. 27.859 Million
CIN No.: [Company Identification No.]	U24230MH1995PLC094603
IEC No.:	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	MUMF02816C
PAN No.: [Permanent Account No.]	AAACF5671R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of critical and vital elements like modular internal partitions, hvac, cleanroom equipment and solutions, isolation systems, and external construction.
No. of Employees :	500 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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 :	Subject is a well – established company having fine track record. The rating reflects FTIL’s vast experience in the design and fabrication of modular panels and containment solutions supported by decent business profile of the company. Rating also reflects company’s healthy financial risk profile marked by adequate liquidity position and decent profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good for normal business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long-term Fund-based Limits = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	August 2013

Rating Agency Name	ICRA
Rating	Non-Fund based limits = A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	August 2013

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 :	Miss. Akruti
Designation :	Company Secretary
Contact No.:	91-22-65566882

LOCATIONS

Registered Office/ Head Office :	717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai – 400053, Maharashtra, India
Tel. No.:	91-22-61592900
Fax No.:	91-22-61592855
E-Mail :	mails@fabtecheng.com sales@fabtecheng.com international@fabtecheng.com
Website :	www.fabtecheng.com
Location :	Owned
Factory 1 :	Plot No. 190/191, GIDC, Umbergaon Industrial Estate, Valsad – 396171, Gujarat, India
Factory 2:	Tina Udyog Bhawan No.1, Survey No.185/P, Green Industrial Park, Dongri Pada, Poman Village, Kaman Vasai (East), Thane – 401208, Maharashtra, India
Branches :	· Hyderabad Address: H. No. 4-7-66/A, Flat No.3A, CKR Residency, Nagendra Nagar, Habsiguda, Hyderabad - 500007, India Tel. No.: +91 – o40 – 27156267 , +91 – 040 – 65227265 Fax No.: +91 – 040 - 27156268 E-Mail : projectshyd@fabforms.ae saleshyd@fabtecheng.com · Delhi Address: 310-A, Aditya Arcde, Preet Vihar, New Delhi-110092, India Tel. No.: + 91 - 9250818450 E-Mail : delhi@fabtecheng.com
International Branches :	Located at: · Dubai · Egypt · Bangladesh

DIRECTORS

AS ON 30.12.2014

Name :

Mr. Aasif Ahsan Khan

Designation :

Managing Director

Address :

604, D-15, Indira Darshan –II, Swami Samarth Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India.

Date of Birth/Age :

13.09.1968

Date of Appointment :

31.01.2014

PAN No.:

AAQPK2312P

DIN No.:

00156111

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	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Managing director	31/01/2014	20/11/1995	-	Active	NO
2	U24233MH1999PTC118437	'T' SQUARE ENTERPRISES PRIVATE LIMITED	Director	19/02/1999	19/02/1999	2/11/2011	Active	NO
3	U29297MH2001PTC131218	FABTECH MODULAR TECHNOLOGIES PRIVATE LIMITED	Director	14/03/2001	14/03/2001	-	Active	NO
4	U28999MH2010PTC199847	FABSAFE TECHNOLOGIES PRIVATE LIMITED	Director	8/2/2010	8/2/2010	-	Active	NO
5	U22190MH2010PTC201346	CHANNEL U ENTERTAINMENT PRIVATE LIMITED	Additional director	4/6/2012	26/03/2010	25/07/2012	Active	NO
6	U45203MH2010PTC204045	FTS BUILDTECH PRIVATE LIMITED	Whole-time director	18/08/2012	11/6/2010	30/03/2015	Active	NO
7	U29297MH2010PTC206192	FABTECH PROJECTS TECHNOLOGIES PRIVATE LIMITED	Director	2/8/2010	2/8/2010	-	Active	NO
8	U74999MH2015PTC265137	FABTECH TURNKEY PROJECTS INTERNATIONAL PRIVATE LIMITED	Director	3/6/2015	3/6/2015	13/07/2015	Active	NO
9	AAB-2984	FABTECH TURNKEY PROJECTS LLP	Designated Partner	4/1/2013	4/1/2013	-	Active	NO
10	AAC-6607	FABTECH VALUE EDGE LLP	Designated Partner	2/9/2014	2/9/2014	-	Active	NO

Name :

Mr. Hemant Mohan Anavkar

Designation :

Whole-time Director

Address :

201, Samarth Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar, Andheri (West), Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

17.02.1962

Date of Appointment :

01.04.2004

PAN No.:

AAGPA9722P

DIN No.:

00150776

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	U24233MH1999PTC118437	'T' SQUARE ENTERPRISES PRIVATE LIMITED	Director	19/02/1999	19/02/1999	25/03/2011	Active	NO
2	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Whole-time director	1/4/2004	15/12/2000	-	Active	NO
3	U29297MH2001PTC131218	FABTECH MODULAR TECHNOLOGIES PRIVATE LIMITED	Director	14/03/2001	14/03/2001	-	Active	NO
4	U28999MH2010PTC199847	FABSAFE TECHNOLOGIES PRIVATE LIMITED	Director	8/2/2010	8/2/2010	-	Active	NO
5	U45203MH2010PTC204045	FTS BUILDTECH PRIVATE LIMITED	Whole-time director	18/08/2012	11/6/2010	30/03/2015	Active	NO
6	U29297MH2010PTC206192	FABTECH PROJECTS TECHNOLOGIES PRIVATE LIMITED	Director	2/8/2010	2/8/2010	-	Active	NO
7	U74999MH2015PTC265137	FABTECH TURNKEY PROJECTS INTERNATIONAL PRIVATE LIMITED	Director	3/6/2015	3/6/2015	15/07/2015	Active	NO
8	AAB-2984	FABTECH TURNKEY PROJECTS LLP	Designated Partner	4/1/2013	4/1/2013	-	Active	NO
9	AAC-6607	FABTECH VALUE EDGE LLP	Body corporate as Designated Partner	2/9/2014	2/9/2014	-	Active	NO
10	AAD-0313	PACIFAB TECHNOLOGIES LLP	Body corporate as Designated Partner	5/3/2015	5/3/2015	-	Active	NO

Name :

Mrs. Manisha Hemant Anavkar

Designation :

Whole-time Director

Address :

201, Samarth Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar, Andheri (West), Mumbai - 400053, Maharashtra, India

Date of Birth/Age :

07.12.1968

Date of Appointment :

25.02.2012

PAN No.:

ADTPA8376P

DIN No.:

00733660

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	U24233MH1999PTC118437	'T' SQUARE ENTERPRISES PRIVATE LIMITED	Director	19/02/1999	19/02/1999	25/03/2011	Active	NO
2	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Whole-time director	25/02/2012	15/12/2000	-	Active	NO
3	U29297MH2010PTC206192	FABTECH PROJECTS TECHNOLOGIES PRIVATE LIMITED	Director	2/8/2010	2/8/2010	-	Active	NO
4	U28999MH2010PTC199847	FABSAFE TECHNOLOGIES PRIVATE LIMITED	Additional director	30/11/2010	30/11/2010	18/05/2015	Active	NO
5	U74999MH2015PTC265137	FABTECH TURNKEY PROJECTS INTERNATIONAL PRIVATE LIMITED	Director	13/07/2015	13/07/2015	-	Active	NO
6	AAB-2984	FABTECH TURNKEY PROJECTS LLP	Designated Partner	4/1/2013	4/1/2013	-	Active	NO
7	AAA-1952	FTS INSTALLATION SERVICES LLP	Designated Partner	30/06/2015	30/06/2015	-	Active	NO

Name :

Mr. Naseem Ahsan Khan

Designation :

Whole-time Director

Address :

93/94, 09, Link Garden Co‐Operative Housing Society Limited, New Link Road, Oshiwara, Andheri (West), Mumbai, 400053, Maharashtra, India

Date of Birth/Age :

12.11.1954

Date of Appointment :

25.02.2012

DIN No.:

00153263

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	U24233MH1999PTC118437	'T' SQUARE ENTERPRISES PRIVATE LIMITED	Director	19/02/1999	19/02/1999	25/03/2011	Active	NO
2	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Whole-time director	25/02/2012	15/12/2000	-	Active	NO
3	U29297MH2010PTC206192	FABTECH PROJECTS TECHNOLOGIES PRIVATE LIMITED	Director	2/8/2010	2/8/2010	-	Active	NO
4	U28999MH2010PTC199847	FABSAFE TECHNOLOGIES PRIVATE LIMITED	Additional director	30/11/2010	30/11/2010	18/05/2015	Active	NO
5	U74999MH2015PTC265137	FABTECH TURNKEY PROJECTS INTERNATIONAL PRIVATE LIMITED	Director	13/07/2015	13/07/2015	-	Active	NO
6	AAB-2984	FABTECH TURNKEY PROJECTS LLP	Designated Partner	4/1/2013	4/1/2013	-	Active	NO

Name :

Mr. Arif Ahsan Khan

Designation :

Whole-time Director

Address :

209, 7/C, Al Aman Apartment, Amrut Nagar, Oshiwara Garden Road, Jogeshwari (West), Mumbai, 400102, Maharashtra, India

Date of Birth/Age :

13.05.1971

Date of Appointment :

01.04.2004

PAN No.:

AAEPK7770R

DIN No.:

00156170

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	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Whole-time director	1/4/2004	16/08/2001	-	Active	NO
2	U31904MH2008PTC189201	MIA ELECTRONICS PRIVATE LIMITED	Director	29/12/2008	29/12/2008	-	Strike off	NO
3	U45203MH2010PTC204045	FTS BUILDTECH PRIVATE LIMITED	Whole-time director	18/08/2012	11/6/2010	30/03/2015	Active	NO
4	U29297MH2010PTC206192	FABTECH PROJECTS TECHNOLOGIES PRIVATE LIMITED	Director	2/8/2010	2/8/2010	-	Active	NO
5	AAB-3766	ARYAN SPACES LLP	Designated Partner	11/3/2013	11/3/2013	-	Active	NO
6	AAB-4148	ARIEN BUILDERS AND DEVELOPERS LLP	Designated Partner	21/03/2013	21/03/2013	-	Active	NO
7	AAB-6591	SILVERLINE BUILDCON LLP	Designated Partner	20/07/2013	20/07/2013	-	Active	NO

Name :

Mr. Gopal Krishna Nair

Designation :

Additional Director

Address :

A‐1 Cenced ‐ 318 Union Park, Khar, Mumbai - 400052, Maharashtra, India

Date of Birth/Age :

02.02.1940

Date of Appointment :

07.04.2014

DIN No.:

02772926

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	U72900MH2008PTC184957	K2C PHARMA CONSULTANCY PRIVATE LIMITED	Director	30/09/2009	30/09/2009	15/11/2011	Active	NO
2	U24230MH1995PLC094603	FABTECH TECHNOLOGIES INTERNATIONAL LIMITED	Director	7/4/2014	20/10/2010	-	Active	NO

Name :

Mr. Shabir Vazirali Badami

Designation :

Independent Director

Address :

3c, 505, Dheeraj Enclave, Opposite. Bhor Industrial, Off. Western Express Highway, Borivali (East), Mumbai - 400066, Maharashtra, India

Date of Appointment :

07.04.2014

DIN No.:

06990998

Name :

Mr. Anand govind ganu

Designation :

Director

Address :

4b, Kohinoor Planet, Sangvi Road, Aundh, Pune City, Ganeshkhind, Pune - 411007, Maharashtra, India

Date of Appointment :

30.12.2014

DIN No.:

07045465

KEY EXECUTIVES

Name :	Miss. Akruti
Designation :	Company Secretary

MAJOR SHAREHOLDERS

AS ON 30.12.2014

Names of Shareholders	No. of Shares	%age holding
Aasif Ahsan Khan	1661997	59.66
Hemant Mohan Anavkar	346250	12.43
Aatif Khan	1	0.00
Haifaa Khan	1	0.00
Phiroz Mansuri	1	0.00
Aarif Khan	415500	14.91
Manisha Hemant Anavkar	346250	12.43
Acaciaa International Tr. LLC, UAE	15890	0.57
Total	2785890	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.12.2014

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	0.57
Directors or relatives of Directors	99.43
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of critical and vital elements like modular internal partitions, hvac, cleanroom equipment and solutions, isolation systems, and external construction.

Products :

Products Description	Item Code No.
S S Scrapes	72042190
Waste of Tunning	72044900
Flat-Rolled Products Of Iron Or Non-Alloy Steel	72104900
Flat-Rolled Products Of Iron Or Non-Alloy Steel	72109090
Non Alloy Steel Angles	72166900
Hitting Ventilation and Air Conditioner Unit (HVAC)	84159000
Tunnel Machine	84192090
Fluid Bed dryer with accessories	84193900
Solenoid Coil	84193900
Laminar Air Flow Unit	84213920
Isolator	84213920
LAF Accessories	84213990
Filter	84219900
Mixture Granulator / Sifter	84798200
Pharma Machinery	84798970
Parts of Pharma machinery	84799040

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Products :

• Cleanroom Equipment And Solutions
• Isolation Systems and External Construction.

Countries :

• Dubai
• Turkey
• Nigeria
• Gulf Countries

Imports :

Products :

Machinery

Countries :

• China
• Nigeria

Terms :

Selling :

L\C and Credit

Purchasing :

L\C 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 :

End Users

• Biorem Technologies
• Jubilant

No. of Employees :

500 (Approximately)

Bankers :

· Axis Bank Limited - Ground Floor, Axis House, Bombay Dyeing Mills Compound, P B Marg, Worli, Mumbai, Maharashtra – 400025, India Contact No.: 91-22-24252525 (Ringing)

· Dena Bank - 67-A, Krishna Bhavan, Nehru Road, Vile Parle (East), Mumbai – 400057, Maharashtra, India

Union Bank of India - Vile Parle (West) Branch, 11 Vithal Nagar Co-Operative Housing Society, 10^th Road, Mumbai – 400 049, Maharashtra, India

Facilities :

Secured Loan	31.03.2014 (Rs. in Million)	31.03.2013 (Rs. in Million)
Long-term Borrowings
Rupee term loans from banks	2.879	5.760
Term loans from others	0.254	0.559
Short-term borrowings
Loans repayable on demand	183.545	141.897
Total	186.678	148.216

Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	Heritage, 3^rd Floor, Near Gujarat Vidyapeth, Off Ashram Road, Ahmedabad – 380014, Gujarat, India
Tel. No.:	91-79-27582542/ 27582543
Fax No.:	91-79-27582551
PAN N Income-tax PAN of auditor or auditor's firm :	AABFD7919A
Memberships :	Not Available
Collaborators :	Not Available
Subsidiary Company:	FTS Buildtech Private Limited , India (U45203MH2010PTC204045) PCG Technologies Private Limited, India (U28999MH2010PTC199847) Fabtech Projects Technologies Private Limited , India (U29297MH2010PTC206192) Fabtech Technologies Fzc, United Arab Emirates
Joint venture:	Fabtech Silisbuild Systems Llp, India
Enterprises Which Are Owned, Or Have Significant Influence Of Or Are Partners WiTH KeY Management Personnel And Their Relatives:	Fabtech Turnkey Projects Llp, India T ' Square Enterprises Private Limited, India (U24233MH1999PTC118437) Channe LU Entertainment Private Limited, India (U22190MH2010PTC201346) Fabtech Modular Technologies Private Limited, India (U29297MH2001PTC131218)

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2785890	Equity Shares	Rs.10/- each	Rs.27.859 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	27.859	27.859	27.859
(b) Reserves & Surplus	477.014	392.477	320.352
(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)	504.873	420.336	348.211
(3) Non-Current Liabilities
(a) long-term borrowings	3.133	6.319	6.913
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	7.142	6.218	4.403
Total Non-current Liabilities (3)	10.275	12.537	11.316
(4) Current Liabilities
(a) Short term borrowings	183.545	141.897	145.866
(b) Trade payables	305.843	306.083	164.447
(c) Other current liabilities	275.888	258.266	181.634
(d) Short-term provisions	46.737	16.165	17.843
Total Current Liabilities (4)	812.013	722.411	509.790
TOTAL	1327.161	1155.284	869.317
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	168.670	177.908	179.277
(ii) Intangible Assets	1.105	0.684	0.351
(iii) Capital work-in-progress	6.591	4.172	0.000
(iv) Intangible assets under development	0.000	1.889	1.889
(b) Non-current Investments	1.718	1.718	1.718
(c) Deferred tax assets (net)	1.599	3.972	0.456
(d) Long-term Loan and Advances	202.109	74.405	34.531
(e) Other Non-current assets	1.055	0.915	18.679
Total Non-Current Assets	382.847	265.663	236.901
(2) Current assets
(a) Current investments	0.227	1.387	1.691
(b) Inventories	291.400	256.137	147.516
(c) Trade receivables	447.171	386.970	290.549
(d) Cash and cash equivalents	44.966	124.371	90.496
(e) Short-term loans and advances	143.319	119.937	99.258
(f) Other current assets	17.231	0.819	2.906
Total Current Assets	944.314	889.621	632.416
TOTAL	1327.161	1155.284	869.317

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1535.506	1307.349	832.493
	Other Income	24.664	14.914	7.093
	TOTAL (A)	1560.170	1322.263	839.586
Less	EXPENSES
	Cost of Materials Consumed	576.737	396.737	324.052
	Purchases of Stock-in-Trade	231.233	381.378	107.739
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	43.677	(76.880)	(15.005)
	Employees benefits expense	155.015	130.133	96.286
	Other expenses	395.082	361.343	201.047
	TOTAL (B)	1401.744	1192.711	714.119
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	158.426	129.552	125.467
Less	FINANCIAL EXPENSES (D)	21.879	16.254	16.879
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	136.547	113.298	108.588
Less/ Add	DEPRECIATION/ AMORTISATION (F)	12.711	12.487	12.395
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	123.836	100.811	96.193
Less	TAX (H)	39.300	28.686	36.002
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	84.536	72.125	60.191
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	601.231	735.745	345.144
	TOTAL EARNINGS	601.231	735.745	345.144
	Earnings / (Loss) Per Share (Rs.)	30.34	25.89	21.72

Particulars	31.03.2015
Sales Turnover (Approximately)	1400.000

The above information has been parted by Miss. Akruti (Company Secretary)

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	2.384	3.252	2.401
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	10.365	114.177	46.283

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	5.51	5.52	7.23
Operating Profit Margin (PBIDT/Sales)	(%)	10.32	9.91	15.07
Return on Total Assets (PBT/Total Assets}	(%)	9.40	8.82	11.12
Return on Investment (ROI) (PBT/Networth)		0.25	0.24	0.28
Debt Equity Ratio (Total Debt /Networth)		0.37	0.36	0.45
Current Ratio (Current Asset/Current Liability)		1.16	1.23	1.24

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	27.859	27.859	27.859
Reserves & Surplus	320.352	392.477	477.014
Net worth	348.211	420.336	504.873
long-term borrowings	6.913	6.319	3.133
Short term borrowings	145.866	141.897	183.545
Current maturities of long-term debts	2.401	3.252	2.384
Total borrowings	155.180	151.468	189.062
Debt/Equity ratio	0.446	0.360	0.374

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	832.493	1307.349	1535.506
		57.040	17.452

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	832.493	1307.349	1535.506
Profit	60.191	72.125	84.536
	7.23%	5.52%	5.51%

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	Yes
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last four 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	No
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

ECONOMIC REVIEW

The World economy recovered from the worst financial crises, which affected international monetary system and failure of large number of banks and financial powerhouses. To combat with this situation many developed countries have come out with stimulus packages.

However, due to Integration of Indian economy with the global economy and due to conservative and pragmatic policies of the Government and RBI, the Indian banking sector has not been affected as its counterparts in the developed countries, it is widely predicted that India is much better position than many other economies to achieve an early and fast recovery.

BUSINESS OVERVIEW:

During the year, the Company was able to maintain a healthy order position and secured business totaling’s. 1535.500 million.

The Company has achieved EBITDA of 10.32% against 9.90% in previous year, whereby PAT is at par @ 5.53% as of last year @ 5.51%. The Company has maintained CAPEX at minimum level and OPEX under control to ensure cost-effectiveness.

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10273808	12/06/2015 *	502,500,000.00	AXIS BANK LIMITED	CORPORATE BANKING BRANCH, AXIS HOUSE, GROUND FLOOR, BOMBAY DYEING MILLS COMPOUND, P.B.MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA	C58183500

* Date of charge modification

CONTINGENT LIABILITIES:

(Rs. in million)

PARTICULARS	31.03.2014	31.03.2013
contingent liabilities	0.000	8.700
Total	0.000	8.700

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Factory equipments
• Furniture and fixtures
• Vehicles
• Office equipment
• Computer equipments

Intangible assets

• Computer software

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.63.50
UK Pound	1	Rs.99.17
Euro	1	Rs.69.39

INFORMATION DETAILS

Information Gathered by :	RKA
Analysis Done by :	KAR
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILITY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--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	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		54

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.