MIRA INFORM REPORT

Report No. :	338987
Report Date :	05.08.2015

IDENTIFICATION DETAILS

Name :	MOLD-TEK PACKAGING LIMITED
Formerly Known As :	MOLDTEK PLASTIC LIMITED
Registered Office :	8-2-293/82/A/700, Ground Floor, Road No.36, Jubliee Hills, Hyderabad – 500033, Telangana
Tel. No.:	91-40-4030 0300/01/02/03/04
Country :	India
Financials (as on) :	31.03.2015
Date of Incorporation :	28.02.1997
Com. Reg. No.:	36-026542
Capital Investment / Paid-up Capital :	Rs.138.405 Million
CIN No.: [Company Identification No.]	L21022TG1997PLC026542
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	Not Available
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Manufacturing of plastic containers, pet bottles and blow molding.
No. of Employees :	Information declined by the management

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

Maximum Credit Limit :	USD 3300000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company, incorporated during the year 1997. It has a fine track record. For the financial year 2014, the company possesses good operational activity marked by decent sales turnover along with profitability margin of 5.8%. Further, it has strong financial risk profile backed by efficient net worth base along with good gap between trade payables and receivables. Trade relations are reported as fair. Business is active. Payments terms are regular. In view of healthy financial risk profile, the company can be considered for business dealings at usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2013.

INFORMATION DENIED BY

Management Non-Cooperative (Tel No.: 91-40-40300300)

LOCATIONS

Registered Office/ Corporate Office/ Factory :	8-2-293/82/A/700, Ground Floor, Road No.36, Jubliee Hills, Hyderabad – 500033, Telangana, India
Tel. No.:	91-40-4030 0300/01/02/03/04
Fax No.:	91-40-4030 0328
E-Mail :	ir@moldtekindia.com finance@moldtekindia.com
Website :	http://www.moldtekindia.com
Works:	Unit I Annaram Village Near Air Force Academy Jinnaram Mandal Medak District, Hyderabad, Telangana, India Unit II Survey No.164/Part, Dommarapochampally Village, Quthbullapur Mandal Ranga Reddy District, Hyderabad, Telangana, India Unit III Survey No. 160-A, 161-1 and 161-5 Kund Falla, Behind Hotel Hilltop, Near Coastal Highway, Bhimpore, Nani Daman, Daman - 396 210, India Unit IV Survey No. 79, Alinagar, Jinnaram Mandal, Medak District, Hyderabad, Telangana, India Unit V Survey No. 110/1A1, 110/1A2 Street No. 1, Onnalvadi, Hosur, Krishnagiri District, Hyderabad- 635 125, Tamilnadu, India Unit VI Survey No.586 to 589/Part, Dundigal Village, Near SGS Ashram, Quthbullapur Mandal, Ranga Reddy District, Hyderabad, Telangana, India Unit VII GAT No.656, Khandala-Lonand Road, Mhavashi (Village), Dhawad Wadi, Khandala (Tq) Satara District - 412 802, Maharashtra, India

DIRECTORS

As on 31.03.2014

Name :

Mr. Lakshmana Rao Janumahanti

Designation :

Managing Director

Address :

Plot No 321-K, Road No 26, Jubilee Hills, Hyderabad - 500034, Telangana, India

Date of Appointment :

30.10.2008

DIN No.:

00649702

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	L25200TG1985PLC005631	MOLD-TEK TECHNOLOGIES LIMITED	Managing director	01/04/2007	04/07/1985	-	Active	NO
2	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Managing director	30/10/2008	27/08/2008	-	Active	NO
3	AAC-8725	RIGHT ANGLE REAL ESTATES LLP	Designated Partner	03/11/2014	03/11/2014	-	Active	NO

Name :

Mr. Subrahmanyam Adivishnu

Designation :

Deputy Managing Director

Address :

House No. 8-2-268/V/20, 20/A, Banjara Hills, Hyderabad- 500034, Telangana, India

Date of Birth/Age :

08.07.1954

Qualification :

B.E. (Mechanical ) Diploma In Mould Design and Manufacturing

Date of Appointment :

30.10.2008

DIN No.:

00654046

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	L25200TG1985PLC005631	MOLD-TEK TECHNOLOGIES LIMITED	Director	31/08/2014	04/07/1985	-	Active	NO
2	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Whole-time director	30/10/2008	27/08/2008	-	Active	NO

Name :

Mr. Venkateswara Rao Pattabhi

Designation :

Deputy Managing Director

Address :

House No.7-1-214/4/1, 2 And 3, Dharamkaran Road, Ameerpet, Hyderabad - 500016, Telangana, India

Date of Birth/Age :

18.01.1957

Qualification :

P.G. in material management

Date of Appointment :

30.10.2008

DIN No.:

01254851

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	L25200TG1985PLC005631	MOLD-TEK TECHNOLOGIES LIMITED	Director	31/08/2014	30/09/1994	-	Active	NO
2	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Whole-time director	30/10/2008	27/08/2008	-	Active	NO

Name :

Ms. Mytraeyi Janumahanti

Designation :

Non-Executive Promoter Director

Address :

Plot No.321 - K, Road No. 26, Jubilee Hills, Hyderabad-500034, Telangana, India

Date of Appointment :

27.08.2008

DIN No.:

01770112

Name :

Mr. Shyamsunder Rao Pillarisetty

Designation :

Non-Executive Independent Director

Address :

House No. 1-3-183/40/149, Sri Lakshmi Nilayam, Thallabasti, Secunderabad, 500080, Telangana, India

Date of Birth/Age :

21.01.1941

Date of Appointment :

24.09.2009

Qualification:

B.Com, F.C.A., F.C.S.

DIN No.:

01770064

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	L25200TG1985PLC005631	MOLD-TEK TECHNOLOGIES LIMITED	Director	21/04/1998	21/04/1998	-	Active	NO
2	U72900PY2007PTC002082	C-Ta Software Private Limited	Director	29/09/2009	19/01/2009	-	Active	NO
3	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Director	24/09/2009	31/01/2009	-	Active	NO
4	U72200TG2011PTC074716	Vigilant Computechnologies Private Limited	Director	27/05/2011	27/05/2011	-	Active	NO

Name :

Dr. Talupunuri Venkateswara Rao

Designation :

Non-Executive Independent Director

Address :

3-12-2, 3rd Lane, Old Pattabhipuram, Guntur - 522006, Telangana, India

Date of Birth/Age :

22.07.1956

Date of Appointment :

30.10.2008

Qualification :

M.Sc., PhD

DIN No.:

00572657

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	U70102AP2005PTC047626	PALLAVI HOMES PRIVATE LIMITED	Managing director	28/09/2005	28/09/2005	31/03/2015	Active	NO
2	L25200TG1985PLC005631	MOLD-TEK TECHNOLOGIES LIMITED	Director	30/12/2005	30/12/2005	27/08/2008	Active	NO
3	U72200AP2006PTC048821	TRANSMEDIA TECHNOLOGIES (A.P.) PRIVATE LTD	Director	19/01/2006	19/01/2006	-	Active	NO
4	U72200TG2000PLC034113	BHAVYABHARATI SOFTSOLS LIMITED	Director	31/10/2007	31/10/2007	-	Under Process of Striking off	NO
5	U72200AP2008PTC058233	MANAM INFOTECH PRIVATE LIMITED	Director	18/03/2008	18/03/2008	-	Active	NO
6	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Director	30/10/2008	27/08/2008	-	Active	NO
7	U72200TG2011PTC077629	PALLAVI SUDHA'S SOLUTIONS PRIVATE LIMITED	Director	18/06/2012	18/06/2012	-	Active	NO
8	U45209AP2013PTC086040	PALLAVISUDHA INFRA PRIVATE LIMITED	Director	04/03/2013	04/03/2013	-	Active	NO

Name :

Mr. Vasu Prakash Chitturi

Designation :

Non-Executive Independent Director

Address :

D No 9-5-67/5-15, Flat 601, Annapurna Apts, Opposite T S R Apartment, Sivajipalem, Visakhapatnam, 530017, Telangana, India

Date of Birth/Age :

31.07.1971

Date of Appointment :

12.08.2010

Qualification :

M.B.A.

DIN No.:

02196411

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	U01222AP1998PTC029368	CHITTURI AGRO AND LACTATING FOODS PRIVATE LIMITED	Director	15/07/1998	15/07/1998	-	Active	NO
2	U80212AP2001PTC036133	SRI PRAKASH VIDYANIKETAN PRIVATE LIMITED	Director	30/01/2001	30/01/2001	-	Active	NO
3	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Director	12/08/2010	12/07/2010	-	Active	NO

Name :

Dr. Venkata Neeladri Varma Nadimpalli

Designation :

Non-Executive Independent Director

Address :

202, Vishnu Towers, 8th Street, Jaya Prakash Nagar, Yellareddyguda, Ameerpet, Hyderabad - 500016, Telangana, India

Date of Birth/Age :

05.05.1961

Date of Appointment :

12.08.2010

Qualification :

M.S. M.Ch.

DIN No.:

02861521

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	L21022TG1997PLC026542	Mold-Tek Packaging Limited	Director	12/08/2010	31/10/2009	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Lakshmana Rao Janumahanti
Designation :	Chairman
Name :	Ms.Priyanka Rajora
Designation :	Secretary
Address:	House No 14-6-45,, Begum Bazar, Hyderabad, 500012, Telangana, INDIA
Date of Appointment :	03.01.2015
PAN No.:	BXDPR2988B
Name :	SESHU KUMARI ADIVISHNU
Designation :	CFO
Address:	8-2-268/V/20/20A, Vivekananda Enclave, Arora Colony, Road No 3, Banjara Hills, Hyderabad, 500034, Telangana, India
Date of Appointment :	01.01.2015

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.06.2015

Category of Shareholderof Shareholder	Total No. of Shares	Total Shareholding as a % of Total No. of Shares
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	4681302	33.81
Sub Total	4681302	33.81
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	4681302	33.81
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	2218600	16.02
Financial Institutions / Banks	8362	0.06
Foreign Institutional Investors	653168	4.72
Sub Total	2880130	20.80
(2) Non-Institutions
Bodies Corporate	1445253	10.44
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 Million	2981765	21.54
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million	1648191	11.90
Any Others (Specify)	208885	1.51
Non Resident Indians	179293	1.29
Clearing Members	29592	0.21
Sub Total	6284094	45.39
Total Public shareholding (B)	9164224	66.19
Total (A)+(B)	13845526	100.00
(C) Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	0	0.00
Sub Total	0	0.00
Total (A)+(B)+(C)	13845526	100.00

BUSINESS DETAILS

Line of Business :	Manufacturing of plastic containers, pet bottles and blow molding.
Products :	Plastic Containers Pet Bottles Blow Molding
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Available
Imports :	Not Available
Terms :	Not Available

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 :

Information declined by the management

Bankers :

Bank Name	Citibank N.A.
Branch	Not Divulged
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

• Yes Bank Limited
• ICICI Bank Limited

Facilities :

Secured Loan	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Term loan from banks	NA	118.300
Hire purchases loans	NA	1.800
Short-term borrowings
ICICI Bank - Cash credit	NA	155.800
Yes Bank - Cash credit	NA	54.500
Citibank - Cash credit	NA	249.900
Total	NA	580.300

Term loans from bank

As at the year end the company has a total secured term borrowings of Rs.178.400 Million [ICICI Bank Rs.61.200 Million (includes Rs.60.000 Million borrowed during the reported year for modernisation of existing facilities) and Citibank Rs.117.200 Million]. The same have been classified under non-current (Rs.118.300 Million) and current liabilities (Rs.60.100 Million).

Hire purchase loans

The Company has been availing hire purchase loans for vehicles from various financial institutions with a tenor of 36 to 60 installments. As at the year end, the Company has total hire purchase loans of Rs.3.200 Million which have been classified under non-current liabilities (Rs.1.800 Million) and current liabilities (Rs.1.400 Million).

Banking Relations :	--
Statutory Auditors
Name :	Praturi and Sriram Chartered Accountants
Address :	201, Sapthagiri Residency 1-10-98/A, Chikoti Gardens Begumpet, Hyderabad - 500 016, Telangana, India
Cost Auditors
Name :	A.S. Rao and Company Chartered Accountants
Address :	1-2-19/5, Street No.2, Kakatiya Nagar, Habsiguda, Hyderabad - 500 007, Telangana, India
Internal Auditors
Name :	GMK Associates Chartered Accountants
Address :	607, Raghava Ratna owers Chirag Ali Lane Hyderabad - 500 001, Telangana, India
Legal Advisor:	Mr. M. Radhakrishna Murthy
Designation:	Advocate
Address :	Vidya Nagar, Hyderabad, Telangana, India
Memberships :	--
Collaborators :	--
Associate: (As on 31.03.2014)	Mold-Tek Technologies Limited Friends Packaging Industries Tarus Industries Capricorn Industries J.S. Sundaram and Company

CAPITAL STRUCTURE

As on 31.03.2015

Authorised Capital : Rs. Nil

Issued, Subscribed & Paid-up Capital : Rs.138.405 Million

As on 31.03.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
13500000	Equity Shares	Rs.10/- each	Rs.135.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
11277276	Equity Shares	Rs.10/- each	Rs.112.800 Million

79,95,776 equity shares out of the issued, subscribed and paid up share capital were allotted in the financial year 2008-09 pursuant to the Scheme of Arrangement without payments being received in cash.

12,40,000 equity shares of Rs.10 each issued at a premium of Rs.30 per share on 7th September, 2011 by way of preferential offer.

19,25,000 equity shares of Rs.10 each issued at a premium of Rs.35.80 per share on 4th February, 2012 by way of preferential offer.

46,625 equity shares of Rs.10 each issued at a premium of Rs.52.95 per share on 6th July, 2011 by way of Employee Stock Option Scheme.

9,125 equity shares of Rs.10 each issued at a premium of Rs.52.95 per share on 19th December, 2011 by way of Employee Stock Option Scheme.

37,800 equity shares of Rs.10 each issued at a premium of Rs.52.95 per share 10th July, 2012 by way of Employee Stock Option Scheme

22,950 equity shares of Rs.10 each issued at a premium of Rs.52.95 per share 29th June, 2013 by way of Employee Stock Option Scheme

Disclosure pursuant to Note no. 6(A) of Part I of Schedule VI to the Companies Act, 1956

The reconciliation of the number of shares outstanding is set out below:

	As at 31st March, 2014
	Number	Rs. In Million
Shares outstanding at the beginning of the year	1,12,54,326	112.543
Add: Shares issued on exercise of Employee Stock Option Scheme	22,950	0.230
Shares outstanding at the end of the year	1,12,77,276	112.773

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2015	31.03.2014	31.03.2014
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	138.405	112.800	112.500
(b) Reserves & Surplus	1018.237	412.200	378.400
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.130	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1156.772	525.000	490.900
(3) Non-Current Liabilities
(a) long-term borrowings	109.667	194.900	218.200
(b) Deferred tax liabilities (Net)	3.037	2.200	2.300
(c) Other long term liabilities	44.247	11.700	10.200
(d) long-term provisions	12.955	43.700	12.200
Total Non-current Liabilities (3)	169.906	252.500	242.900
(4) Current Liabilities
(a) Short term borrowings	35.345	460.200	446.600
(b) Trade payables	100.069	174.100	112.800
(c) Other current liabilities	108.756	158.600	103.400
(d) Short-term provisions	122.231	85.600	52.500
Total Current Liabilities (4)	366.401	878.500	715.300
TOTAL	1693.079	1656.000	1449.100
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	713.627	718.400	700.500
(ii) Leasehold Building	1.794	24.900	2.300
(iii) Capital work-in-progress	27.764	2.000	25.900
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	31.632	31.600	31.600
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	36.161	24.600	20.100
(e) Other Non-current assets	5.238	4.100	4.800
Total Non-Current Assets	816.216	805.600	785.200
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	276.524	282.900	236.100
(c) Trade receivables	442.099	422.000	350.300
(d) Cash and cash equivalents	9.763	6.100	4.300
(e) Short-term loans and advances	136.292	73.600	70.000
(f) Other current assets	12.185	65.800	3.200
Total Current Assets	876.863	850.400	663.900
TOTAL	1693.079	1656.000	1449.100

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2015	31.03.2014	31.03.2013
	SALES
	Income	2850.260	2551.200	1920.200
	Other Income	8.046	5.100	3.100
	TOTAL (A)	2858.306	2556.300	1923.300
Less	EXPENSES
	Increase / Decrease in Stock	46.665	(38.500)	(38.500)
	Material consumed	1807.011	1721.200	1284.500
	Employees remuneration & benefits	212.613	196.700	153.200
	Selling & distribution expenses	198.466	187.800	147.700
	Preliminary & deferred expenses written off	0.000	0.100	0.400
	Other expenses	185.827	188.700	173.000
	Prior period adjustments	0.000	1.900	2.300
	Extraordinary item	0.000	6.000	0.000
	TOTAL (B)	2450.582	2263.900	1722.600
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)	407.724	292.400	200.700
Less	FINANCIAL EXPENSES (D)	72.469	84.000	58.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)	335.255	208.400	142.700
Less/ Add	DEPRECIATION/ AMORTISATION (F)	82.330	69.500	54.600
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)	252.925	138.900	88.100
Less	TAX (H)	84.776	48.200	30.300
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)	168.149	90.700	57.800
	Prior period items	(0.515)	0.000	0.000
	Net Profit after tax and Prior period items	168.664	0.000	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD (K)	NA	62.900	46.500
Less	APPROPRIATIONS
	Transfer to General Reserve	NA	13.600	8.700
	Proposed Dividend	NA	33.800	28.100
	Corporate Dividend Tax	NA	5.800	4.600
	Adjustment of deferred tax	NA	24.400
	Total (M)	NA	77.600	41.400
	Balance Carried to the B/S (J+K+L-M)	NA	82.500	62.900
	EARNINGS IN FOREIGN CURRENCY
	Foreign Exchange Earning	0.000	14.700	21.800
	TOTAL EARNINGS	0.000	14.700	21.800
	IMPORTS
	Raw Materials	NA	5.300	7.200
	Components and Stores parts	NA	11.300	13.500
	Capital Goods	NA	0.000	0.600
	TOTAL IMPORTS	NA	16.600	21.300
	Earnings / (Loss) Per Share (Rs.)	14.40	8.00	5.09

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2015	31.03.2014	31.03.2013
Current Maturities of Long term debt	NA	72.900	60.300
Cash generated from operations	NA	252.500	142.900
Net cash flow from operating activity	NA	NA	NA

QUAERTERLY RESULT

Particulars	30.06.2015
Audited / UnAudited	UnAudited
Net Sales	737.180
Total Expenditure	626.160
PBIDT (Excl OI)	111.020
Other Income	1.120
Operating Profit	112.140
Interest	3.290
Exceptional Items	0.000
PBDT	108.850
Depreciation	19.910
Profit Before Tax	88.940
Tax	30.700
Provisions and contingencies	0.000
Profit After Tax	58.240
Extraordinary Items	0.000
Prior Period Expenses	(1.110)
Other Adjustments	0.000
Net Profit	(57.130)

KEY RATIOS

PARTICULARS		31.03.2015	31.03.2014	31.03.2013
Net Profit Margin (PAT / Sales)	(%)	5.90	3.50	2.95
Operating Profit Margin (PBIDT/Sales)	(%)	14.30	11.29	10.25
Return on Total Assets (PBT/Total Assets}	(%)	15.48	8.56	6.33
Return on Investment (ROI) (PBT/Networth)		0.22	0.26	0.18
Debt Equity Ratio (Total Debt /Networth)		0.13	1.25	1.35
Current Ratio (Current Asset/Current Liability)		2.39	0.97	0.93

STOCK PRICES

Face Value	Rs.10.00
Market Value	Rs.214.40

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

DEBT EQUITY RATIO

Particular	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Share Capital	112.500	112.800	138.405
Reserves & Surplus	378.400	412.200	1018.237
Net worth	490.900	525.000	1156.772
long-term borrowings	218.200	194.900	109.667
Short term borrowings	446.600	460.200	35.345
Total borrowings	664.800	655.100	145.012
Debt/Equity ratio	1.354	1.248	0.125

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1920.200	2551.200	2850.260
		32.861	11.722

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014	31.03.2015
	(Rs. In Million)	(Rs. In Million)	(Rs. In Million)
Sales	1920.200	2551.200	2850.260
Profit	57.800	90.700	168.149
	3.01%	3.56%	5.90%

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	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	No
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

RESULTS OF OPERATIONS (As on 31.03.2014)

Creating new value through innovative IML decoration, the Company has demonstrated the resilience of its business model. Growth in the Company's in-mould label decorative pails and thinwall products enabled Mold-Tek to deliver robust profits in the financial year 2013-14. The highlights of the Company's performance are as under: Revenue from operations increased by 33% to Rs.2853.300 Million from Rs.2146.800 Million and the operating profit (EBDITA) increased by 48%, at Rs.300.300 Million from Rs.202.900 Million, over the previous year. The profit before tax increased by 62% at Rs.146.800 Million from Rs.90.400 Million and the net profit increased by a robust 57% at Rs.90.700 Million as against Rs.57.800 Million in 2012-13. This is inspite of providing a net loss of Rs.6.000 Million due to the fire accident last year at Daman plant.

FUTURE OUTLOOK (As on 31.03.2014)

In the current year, power costs in Hyderabad are under control. The Khandala (at Satara, Maharastra) plant has produced sales of Rs.400.000 Million in the first year itself. In order to meet increasing demand, your Company has already taken up an expansion plan with an outlay of Rs.40.000 Million to expand the capacity by 50% which is expected to be available from October/ November, 2014. TheCompany is also modernizing the tool room to provide moulds and robots with an outlay of Rs.40.000 Million. The Company has received Rs.63.900 Million (including Rs.1.400 Million of residue value) from the insurance agency against Rs.6997.300 Million loss of assets at Daman during the last year's fire accident. All necessary precautions are being taken at all units to avoid recurrence of such incidents in future.

Management Discussion and Analysis (As on 31.03.2014)

OVERVIEW

The financial statements have been prepared in compliance with the requirements of the Companies Act, 1956 and Generally Accepted Accounting Principles (GAAP) in India. The management accepts responsibility for the integrity and objectivity of these financial statements as well as for various estimates and judgments used therein. These estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, in order that the statements reflect, in a true and fair manner, the state of affairs and profits for the year. This report may also contain certain statements that the company believes are or may be considered to be 'forward looking statements' which are subject to certain risks and uncertainties.

ECONOMIC BACKGROUND (As on 31.03.2014)

The economic slowdown bottomed out last year. A spell of global financial turbulence caused capital outflows and pressure on the exchange rate, but strong policy measures stabilised the currency, rebuilt reserves, and narrowed the excessive current account deficit. Weaknesses remain, however, including persistent inflation, fiscal imbalances & bottlenecks to investment, and inefficiencies that require structural reforms. With a systemic resolution to these, growth is forecast to pick up modestly.

There are downside risks to the economy arising from a poor monsoon, the external environment and the poor investment climate. GDP growth slowed to below 5% for two consecutive years, i.e. 2012-13 and 2013-14. The combination of domestic structural constraints, inflationary pressures, particularly food inflation and uncertainty in the global economy, has affected growth and posed challenges for macroeconomic stability.

PLASTIC INDUSTRY BACKGROUND & PERSPECTIVE (As on 31.03.2014)

The Indian plastics industry made a promising beginning in 1957 with the production of polystyrene. Thereafter, significant progress has been made and the industry has grown and diversified rapidly. Currently, the Indian plastics industry is spread across the country, employing about 4 million people and over 2,000 exporters. It operates more than 30,000 processing units, of which 85% to 90% are small and medium enterprises (SMEs).

Outlook (As on 31.03.2014)

As anticipated sales grew by an impressive 33% last financial year and the first quarter of 2014-15 shows continuation of the same trend by registering 33% top line growth. IML adoption is improving in pails for paint and lube industry, considerable enquiries are being generated from food manufacturers like Cadbury, SKB, Heinz and Amul for new packing development concepts using IML. Though the food & FMCG contribution to sales is just around 5%, these sectors will be pursued and are expected to contribute significantly in the near future.

Risks and concerns

The Company lays emphasis on risk management and has an enterprise wide approach to risk management, which lays emphasis on identifying and managing key operational and strategic risks. Through this approach, the company strives to identify opportunities that enhance organizational values while managing or mitigating risks that can adversely impact its future performance.

UNSECURED LOAN

PARTICULARS	31.03.2015 (Rs. in Million)	31.03.2014 (Rs. in Million)
Long-term Borrowings
Sales tax deferment	NA	74.800
Total	NA	74.800

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10587507	07/08/2015	1,000,000.00	THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	6-3-1107 & 1108, Raj Bhavan Road, Somaji Guda, Hyderabad, Telangana - 500082, INDIA	C62373311
2	10531520	19/11/2014	200,000,000.00	The Hongkong and Shanghai Banking Corporation Limited	6-3-1107 & 1108, Raj Bhavan Road, Somaji Guda, Hyderabad, Telangana - 500082, INDIA	C33752411
3	10427455	19/05/2014 *	100,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR.  ANNIE BESANT ROAD, WORLI,, MUMBAI, Maharashtra -  400018, INDIA	C11235876
4	10379928	06/10/2012	150,000,000.00	Citibank N.A	1st Floor, Queens Plaza, S.P. Road, Secunderabad,  Andhra Pradesh - 500003, INDIA	B59456830
5	10353414	05/06/2014 *	150,000,000.00	Citi Bank N.A.	506-507, Level -5, Prestige Meridian -2,, No. 30  M. G. Road,, Bangalore, Karnataka - 560001, INDIA	C46754727
6	10214855	04/06/2014 *	250,000,000.00	Citi Bank N.A.	506-507, Level 5, No.30, M.G.Road,, Prestige Meridian -2,, Bangalore, Karnataka - 560001, INDIA	C21983606
7	10168956	04/06/2014 *	186,400,000.00	3i Infotech Trusteeship Services Limited	3rd to 6th floor, International Infotech Park,, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA	C06843189

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2015

(Rs. In Million)

Sr. No	Particulars
		Quarter ended
		30.06.2015
		Unaudited
1	Gross Sales/ Operating Income	825.702
	Less: Excise Duty	88523
	Net Sales / Income from operations	737.179
2	Other Income	1.120
3	Total Income	738.299
4	Expenditure
	a) (Increase) decrease in stock in trade / work in progress	5.122
	b) Consumption of Material	467.464
	c) Staff Cost	55.215
	d) Depreciation	19.906
	e) Selling and Distribution Expenses	50.677
	f) Other expenditure	47.684
	Total Expenses	646.068
5	Profit Before Interest and Exceptional Items	92.231
6	Interest and Financial Charges	3.291
7	Extraordinary Item	0.000
8	Profit Before Tax	88.940
9	Provision for current Tax	30.543
	Provision for Deferred Tax	0.160
10	Net Profit After Tax	58.237
11	Prior period Items	1.112
12	Net Profit After Tax	57.125
13	Paid-up equity share capital (face value of Rs.10 per share)	138.455
14	Reserves excluding Revaluation Reserve (excluding interim dividend and tax thereon)	1075.441
	Basic and Diluted Earnings per share (Face value of Rs.10)
	Quarterly / Nine Months - Basic	4.13
	Diluted	4.13
	Annualized - Basic	16.51
	Diluted	16.51
	Aggregate of Public Shareholding
	- No. of shares	9.164
	- Percentage of shareholding	6.619
	Promoter & Promoter Group Shareholding
	a) Pledged/Encumbered
	- No. of shares	0.000
	- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	0.000
	- Percentage of shareholding (as a % of the total share capital of the company)	0.000
	b) Non-encumbered
	- No. of shares	4.681
	- Percentage of shareholding (as a % of the total shareholding of promoter and promoter group)	100.00
	- Percentage of shareholding (as a % of the total share capital of the company)	34.96
	- Percentage of Total Share capital of the Company

Notes:

The above results have been reviewed and recommended for adoption by Audit committee, and taken on record by the Board of Directors at their meeting held on 3^rd August 2015.

Figures of the previous period have been regrouped/ reclassified/ rearranged wherever necessary.

The number of investors complaints for the quarter ended 30^th June 2015 are pending as on 01.04.2015 Nil Received – 1 Resolved Nil.

Segment reporting as required under As–17 is not applicable as revenue comes from a single segment.

There has been no change in significant accounting policies during the year

During the quarter 5,000 option of Rs.10-/ each were exercise and allotted under the Company’s Employee Stock Option Schemes. Consequently the issued and paid up share capital of the company as on 30.06.2015 stands increased to Rs.138.455 Million

FIXED ASSETS

• Land
• Building
• Leasehold improvments
• Plant and machinery
• Moulds
• Electrical installations
• Works equipments and instruments
• Office equipments
• Computers & software
• Furniture & fixures
• 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.66.40
UK Pound	1	Rs.101.19
Euro	1	Rs.73.89

INFORMATION DETAILS

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

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	6
--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	YES
--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.