MIRA INFORM REPORT

Report No. :	339036
Report Date :	07.09.2015

IDENTIFICATION DETAILS

Name :	HOLOSTIK INDIA LIMITED (w.e.f. 27.04.1995)
Formerly Known As :	HOLOSTIK INDIA PRIVATE LIMITED
Registered Office :	30/6, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi - 110019
Tel. No.:	91-11-47126600
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	13.02.1991
Com. Reg. No.:	55-043077
Capital Investment / Paid-up Capital :	Rs. 89.223 Million
CIN No.: [Company Identification No.]	U51909DL1991PLC043077
IEC No.:	Not Available
TIN No :	27840012678
PAN No.: [Permanent Account No.]	AAACH0239F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of high security holograms and security packaging products/flexible laminates/paper label/weds.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 3400000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 1991 having a good track record. Available financial indicates company sound financial risk profile marked by healthy networth position with low borrowings and favorable gap between trade payable and trade receivable. Further, the rating also takes into consideration decent profitability margin of the company. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. In view of long track record and sound financial base, the company can be considered normal 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	CRISIL
Rating	Long Term Rating = A
Rating Explanation	Adequate degree of safety and carry low credit risk.
Date	September 18, 2014

Rating Agency Name	CRISIL
Rating	Short Term Rating = A1
Rating Explanation	Very Strong degree of safety and carry lowest credit risk.
Date	September 18, 2014

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 DEINED BY

Name :	Mr. Sandeep Mittal
Designation :	Chief Finance Officer
Contact No.:	91-120-4192700
Date :	03.09.2015

LOCATIONS

Registered Office :	30/6, Ground Floor, Devika Tower, 6, Nehru Place, New Delhi - 110019, India
Tel. No.:	91-11-47126600
Fax No.:	91-11-46528877
E-Mail :	dinesh@holostik.com holostik@vsnl.com sandeep.mittal@holostik.com legal@inmacs.com hsfcadelhi@gmail.com hil_delhi@holstick.com
Website :	www.holistik.com
Corporate Office / Marketing Head Office:	C – 117, Sector – 2, Noida – 201301, Uttar Pradesh, India
Tel. No.:	91-120-4192700
Fax No.:	91-120-4192744/4192732
E-Mail :	info@holostik.com sales@holostik.com
Factory 1:	Plot No.129-130, Eco. Tech Extension, Sector-I, Kasana, Gautam Budh Nagar, Greater Noida - 201308, Uttar Pradesh, India
Factory 2:	Located at: Chennai (Tamilnadu) Pantnagar (Uttarkhand) Greater Noida (Uttar Pradesh)
Branch Offices :	Located at Gujarat Bengaluru Madhya Pradesh (Bhopal) Chennai Delhi Hyderabad Kolkata Uttar Pradesh Maharashtra (Mumbai) Maharashtra (Pune)

DIRECTORS

AS ON 05.08.2013

Name :

Mr. Mahender Kumar Gupta

Designation :

Director

Address :

B-108, Sarvodaya Enclave, New Delhi - 110017, India

Date of Appointment :

12.01.1993

DIN No.:

00491469

PAN No.:

AAHPG8290R

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	U51909DL1991PLC043077	HOLOSTIK INDIA LIMITED	Director	12/01/1993	12/01/1993	-	Active	NO
2	U74899DL1995PLC073618	GREATER NOIDA HABITAT CENTRE LIMITED	Director	05/05/2005	05/05/2005	-	Active	NO
3	U80110DL2006PTC147125	GREATER NOIDA HOSPITAL PRIVATE LIMITED	Director	06/03/2006	06/03/2006	-	Active	NO
4	U20296DL2007PTC162440	FINI FURNITURES PRIVATE LIMITED	Director	23/04/2007	23/04/2007	-	Active	NO
5	U25209DL2004PTC124845	A N POLYTECH PRIVATE LIMITED	Director	16/03/2009	16/03/2009	-	Active	NO
6	U92490DL2009PTC191059	MAGNUM RECREATIONAL CENTRE PRIVATE LIMITED	Director	09/06/2009	09/06/2009	-	Converted to LLP and dissolved	NO
7	U18101DL2005PTC138282	MNP APPAREL PRIVATE LIMITED	Director	30/09/2011	01/03/2011	-	Active	NO
8	AAE-0920	MAGNUM RECREATIONAL CENTRE LLP	Designated Partner	05/06/2015	05/06/2015	-	Active	NO

Name :

Mr. Alok Kumar Gupta

Designation :

Director

Address :

A-702, Sarita Vihar, New Delhi - 110076, India

Date of Appointment :

14.03.1995

DIN No.:

00491049

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	U74899DL1990PTC041208	UNITED WAREHOUSING PRIVATE LIMITED	Director	21/11/1992	21/11/1992	-	Active	NO
2	U74899DL1989PTC036219	UKAY POLYTECH PRIVATE LIMITED	Director	14/03/1995	14/03/1995	-	Active	NO
3	U51909DL1991PLC043077	HOLOSTIK INDIA LIMITED	Director	14/03/1995	14/03/1995	-	Active	NO
4	U01122RJ2012PTC037993	HOLOSTIK AGRO PRIVATE LIMITED	Director	22/02/2012	22/02/2012	-	Strike off	NO

Name :

Mr. Saroj Rupramka

Designation :

Director

Address :

A 37, Sector 17, Noida - 201301, Uttar Pradesh, India

Date of Appointment :

13.09.2010

DIN No.:

03280895

PAN No.:

AADPR1572P

Name :

Mr. Ankit Gupta

Designation :

Whole-Time Director

Address :

J-15, Saket, New Delhi - 110017, India

Date of Appointment :

06.12.2010

DIN No.:

00491172

PAN No.:

AADPR1572P

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	U74899DL1989PTC036219	UKAY POLYTECH PRIVATE LIMITED	Director	06/04/2004	06/04/2004	20/04/2010	Active	NO
2	U72300DL2004PTC127713	GLOBAL INFOZONE PRIVATE LIMITED	Director	20/07/2004	20/07/2004	-	Active	NO
3	U51909DL1991PLC043077	HOLOSTIK INDIA LIMITED	Whole-time director	06/12/2010	01/02/2005	-	Active	NO
4	U74899DL1988PTC033597	NORTHERN STEEL FAB INDUSTRIES PRIVATE LIMITED	Director	11/02/2005	11/02/2005	01/06/2011	Active	NO
5	U72200DL2005PTC134559	HOLOSTIK MULTITECH PRIVATE LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
6	U72500DL1986PLC022959	UNITED SERVICES LIMITED	Director	09/12/2006	09/12/2006	-	Amalgamated	NO
7	U70109DL2007PTC171924	UNITED ESTATE CREATORS PRIVATE LIMITED	Director	27/12/2007	27/12/2007	19/01/2012	Active	NO
8	U24100DL2007PTC171896	UNITED MULTICHEM PRIVATE LIMITED	Director	27/12/2007	27/12/2007	-	Active	NO
9	U70102DL2007PTC171955	HOLOSTIK INFRASTRUCTURE PRIVATE LIMITED.	Director	28/12/2007	28/12/2007	-	Active	NO
10	U55101DL2008PTC174374	HOLOSTIK HOSPITALITY PRIVATE LIMITED	Director	22/02/2008	22/02/2008	-	Active	NO
11	U25202DL2005PTC141754	HOLOSTIK MULTIPACK PRIVATE LIMITED	Director	19/01/2009	19/01/2009	-	Active	NO
12	U55101DL2009PTC193926	CEREAL ENTERTAINMENT PRIVATE LIMITED	Whole-time director	01/04/2010	04/09/2009	11/10/2013	Active	NO
13	U45202DL2000PTC104740	GREYHOUND ENGINEERS INDIA PRIVATE LIMITED	Additional director	18/12/2010	18/12/2010	02/09/2011	Active	NO
14	U72900DL2007PTC171937	UNITY SOFTECH PRIVATE LIMITED.	Director	28/02/2011	28/02/2011	-	Active	NO
15	U21000DL2007PTC158595	SPCC APPAREL & SOFTWARE PRIVATE LIMITED	Director	28/02/2011	28/02/2011	-	Amalgamated	NO
16	U74140DL2011PTC218490	HOLOSTIK INDIA (AP) PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
17	U45400DL2010PTC198850	MIDAS BUILDTECH PRIVATE LIMITED	Additional director	23/05/2011	23/05/2011	22/03/2013	Active	NO
18	U45200DL2011PTC229026	DA VILLA DEVELOPERS PRIVATE LIMITED	Director	20/12/2011	20/12/2011	-	Active	NO
19	U36900DL2011PTC225508	NEW SOVEREIGN VENTURES PRIVATE LIMITED	Additional director	23/01/2013	23/01/2013	-	Strike off	NO
20	U72900DL2003PLC122468	SUN INFOPLANET LIMITED	Additional director	08/01/2014	08/01/2014	-	Active	NO
21	U55101DL2013PTC248232	MUMBAI AIRPORT HOSPITALITY PRIVATE LIMITED	Additional director	14/01/2014	14/01/2014	-	Active	NO
22	U70109DL2012PTC232190	GURGAON INSTITUTIONAL INFRASTRUCTURE PRIVATE LIMITED	Additional director	27/03/2014	27/03/2014	-	Active	NO
23	U80302DL2011PTC213971	EARTH EDUCATION VALLEY PRIVATE LIMITED	Director	15/10/2014	15/10/2014	-	Active	NO
24	U74900DL2010PTC205502	VALUE ADDED TECHNOLOGIES PRIVATE LIMITED	Additional director	05/11/2014	05/11/2014	-	Active	NO

Name :

Mr. Ritesh Rupramka

Designation :

Whole-Time Director

Address :

A-37, Sector-17, Noida, Gautambudh Nagar - 201301, Uttar Pradesh, India

Date of Appointment :

01.08.2010

DIN No.:

00559477

Name :

Mr. Umendra Kumar Gupta

Designation :

Managing Director

Address :

J-15, M.B.Road, Saket, New Delhi - 110017, India

Date of Appointment :

01.09.2014

DIN No.:

00491215

PAN No.:

AAHPG8998G

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	U74899DL1990PTC041208	UNITED WAREHOUSING PRIVATE LIMITED	Director	20/08/1990	20/08/1990	-	Active	NO
2	U51909DL1991PLC043077	HOLOSTIK INDIA LIMITED	Managing director	01/09/2014	16/07/1993	-	Active	NO
3	U74899DL1989PTC036219	UKAY POLYTECH PRIVATE LIMITED	Director	01/05/1996	01/05/1996	-	Active	NO
4	U72500DL1986PLC022959	UNITED SERVICES LIMITED	Director	22/08/2001	22/08/2001	-	Amalgamated	NO
5	U99999DL1985PLC020970	LIMITORQUE INDIA LIMITED	Director	01/06/2004	01/06/2004	28/02/2009	Active	NO
6	U72300DL2004PTC127713	GLOBAL INFOZONE PRIVATE LIMITED	Director	20/07/2004	20/07/2004	-	Active	NO
7	U40107DL2005PTC134503	HARBINSONS ENERGY PRIVATE LIMITED	Director	24/06/2005	24/06/2005	-	Strike off	NO
8	U25202DL2005PTC141754	HOLOSTIK MULTIPACK PRIVATE LIMITED	Director	14/10/2005	14/10/2005	-	Active	NO
9	U70109DL2007PTC171924	UNITED ESTATE CREATORS PRIVATE LIMITED	Director	27/12/2007	27/12/2007	19/01/2012	Active	NO
10	U72900DL2007PTC171937	UNITY SOFTECH PRIVATE LIMITED.	Director	27/12/2007	27/12/2007	-	Active	NO
11	U24100DL2007PTC171896	UNITED MULTICHEM PRIVATE LIMITED	Director	27/12/2007	27/12/2007	-	Active	NO
12	U70102DL2007PTC171955	HOLOSTIK INFRASTRUCTURE PRIVATE LIMITED.	Director	28/12/2007	28/12/2007	-	Active	NO
13	U70101DL1999PLC098885	MT. EVEREST CONSTRUCTIONS LIMITED	Director	12/02/2008	12/02/2008	01/08/2010	Active	NO
14	U55101DL2008PTC174374	HOLOSTIK HOSPITALITY PRIVATE LIMITED	Director	22/02/2008	22/02/2008	-	Active	NO
15	U55101DL2009PTC193926	CEREAL ENTERTAINMENT PRIVATE LIMITED	Director	04/09/2009	04/09/2009	17/10/2013	Active	NO
16	U74900DL2010PTC205502	VALUE ADDED TECHNOLOGIES PRIVATE LIMITED	Director	08/07/2010	08/07/2010	-	Active	NO
17	U45202DL2000PTC104740	GREYHOUND ENGINEERS INDIA PRIVATE LIMITED	Additional director	18/12/2010	18/12/2010	02/09/2011	Active	NO
18	U21000DL2007PTC158595	SPCC APPAREL & SOFTWARE PRIVATE LIMITED	Director	28/02/2011	28/02/2011	-	Amalgamated	NO
19	U74140DL2011PTC218490	HOLOSTIK INDIA (AP) PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
20	U36900DL2011PTC225508	NEW SOVEREIGN VENTURES PRIVATE LIMITED	Director	26/09/2011	26/09/2011	-	Strike off	NO
21	U45200DL2008PTC174538	FOCUS PROJECTS PRIVATE LIMITED	Director	30/09/2014	10/01/2014	-	Active	NO
22	U74120DL2008PTC174082	WELLWORTH INFRATECH PRIVATE LIMITED	Director	07/03/2014	07/03/2014	-	Active	NO
23	U45200DL2011PTC229026	DA VILLA DEVELOPERS PRIVATE LIMITED	Director	18/08/2014	18/08/2014	-	Active	NO

Name :

Mr. Shobhit Gupta

Designation :

Additional Director

Address :

J-15, M.B.Road, Saket, New Delhi - 110017, India

Date of Appointment :

15.04.2015

DIN No.:

00535297

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	U74899DL1989PTC036219	UKAY POLYTECH PRIVATE LIMITED	Director	06/04/2004	06/04/2004	20/04/2010	Active	NO
2	U72300DL2004PTC127713	GLOBAL INFOZONE PRIVATE LIMITED	Director	20/07/2004	20/07/2004	-	Active	NO
3	U74899DL1988PTC033597	NORTHERN STEEL FAB INDUSTRIES PRIVATE LIMITED	Director	11/02/2005	11/02/2005	01/06/2011	Active	NO
4	U72200DL2005PTC134559	HOLOSTIK MULTITECH PRIVATE LIMITED	Director	30/03/2005	30/03/2005	-	Active	NO
5	U51909DL1991PLC043077	HOLOSTIK INDIA LIMITED	Additional director	15/04/2015	01/10/2007	-	Active	NO
6	U70109DL2007PTC171924	UNITED ESTATE CREATORS PRIVATE LIMITED	Director	27/12/2007	27/12/2007	19/01/2012	Active	NO
7	U72900DL2007PTC171937	UNITY SOFTECH PRIVATE LIMITED.	Director	27/12/2007	27/12/2007	-	Active	NO
8	U70102DL2007PTC171955	HOLOSTIK INFRASTRUCTURE PRIVATE LIMITED.	Director	28/12/2007	28/12/2007	-	Active	NO
9	U25202DL2005PTC141754	HOLOSTIK MULTIPACK PRIVATE LIMITED	Director	19/01/2009	19/01/2009	-	Active	NO
10	U24100DL2007PTC171896	UNITED MULTICHEM PRIVATE LIMITED	Whole-time director	01/04/2010	03/04/2009	-	Active	NO
11	U45202DL2000PTC104740	GREYHOUND ENGINEERS INDIA PRIVATE LIMITED	Additional director	18/12/2010	18/12/2010	02/09/2011	Active	NO
12	U21000DL2007PTC158595	SPCC APPAREL & SOFTWARE PRIVATE LIMITED	Director	28/02/2011	28/02/2011	-	Amalgamated	NO
13	U74140DL2011PTC218490	HOLOSTIK INDIA (AP) PRIVATE LIMITED	Director	03/05/2011	03/05/2011	-	Active	NO
14	U01122RJ2012PTC037993	HOLOSTIK AGRO PRIVATE LIMITED	Director	22/02/2012	22/02/2012	-	Strike off	NO
15	U80904MH2012NPL228485	Richard Ivey School of Business (India)	Additional director	31/05/2012	31/05/2012	-	Active	NO
16	U91920DL2014NPL263047	India Canada Alumni Network	Director	06/01/2014	06/01/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Yogesh Durgapal
Designation :	Company Secretary
Address :	D-328, 1st Floor, Ganesh Nagar, Pandav Nagar Complex, New Delhi - 110092, Delhi, India
PAN No.:	AJNPD2361D
Audit Committee:	Mr. Umendra Kumar Gupta Mr. M. K. Gupta Mr. Alok Kumar Gupta

MAJOR SHAREHOLDERS

AS ON 05.08.2013

Names of Shareholders	No. of Shares
Devi suman	8181
Gupta r.p.	15000
Vijay gupta	6000

Equity Share Break up (Percentage of Total Equity)

AS ON 05.08.2013

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]	7.40
Bodies corporate	12.00
Directors or relatives of Directors	72.28
Other top fifty shareholders	8.32
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of high security holograms and security packaging products/flexible laminates/paper label/weds

Products :

Product Code	Description
32121000	Holograms

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Available

Imports :

Not Available

Terms :

Not Available

PRODUCTION STATUS : NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Company Name :	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 :

Company Name :	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	State Bank of India
Branch	Commercial Branch, Vardhman Trade Center, Nehru Place, New Delhi - 110019, India
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

• HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2014 Rs. In Million	31.03.2013 Rs. In Million
Long Term Borrowings
Rupee term loans from banks	16.898	26.270
Loans taken for fixed assets	6.322	10.168
Short Term Borrowings
Working Capital Loan from Banks	164.926	48.477
Total	188.146	84.915

Auditors :
Name :	Vinod Kumar and Associates Chartered Accountants
Address :	909, Chiranjivi Tower, 43, Nehru Place, New Delhi - 110019, India
E-Mail :	legal@inmacs.com
PAN No.:	AADFV0820A
Memberships :	Not Available
Collaborators :	Not Available
Other Related Party :	Holostik Multitech Private Limited Holostik Entertainment Private Limited Holostik Hospitality Private Limited United Warehousing Private Limited
Subsidiary:	United Multitech Private Limited. Holostik India (Ap) Private Limited Holostik Multipack Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2014

Authorised Capital:

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs.10/- each	Rs. 200.000 Million

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
8922340	Equity Shares	Rs.10/- each	Rs. 89.223 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	89.223	89.219	89.219
(b) Reserves & Surplus	1108.728	959.881	803.506
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.025	0.000
Total Shareholders’ Funds (1) + (2)	1197.951	1049.125	892.725
(3) Non-Current Liabilities
(a) long-term borrowings	23.220	36.438	40.891
(b) Deferred tax liabilities (Net)	86.835	76.235	65.230
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	6.514	6.512	4.918
Total Non-current Liabilities (3)	116.569	119.185	111.039
(4) Current Liabilities
(a) Short term borrowings	164.926	48.477	63.310
(b) Trade payables	67.317	89.033	87.930
(c) Other current liabilities	75.382	67.245	64.248
(d) Short-term provisions	16.443	24.650	28.575
Total Current Liabilities (4)	324.068	229.405	244.063
TOTAL	1638.588	1397.715	1247.827
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	671.947	657.063	569.601
(ii) Intangible Assets	10.604	2.666	3.393
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	1.243	4.386	0.865
(b) Non-current Investments	71.024	22.524	67.149
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	263.223	202.234	127.659
(e) Other Non-current assets	6.516	7.512	0.000
Total Non-Current Assets	1024.557	896.385	768.667
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	158.067	169.026	92.746
(c) Trade receivables	325.519	259.769	205.479
(d) Cash and cash equivalents	73.814	21.993	112.658
(e) Short-term loans and advances	47.065	38.507	59.015
(f) Other current assets	9.566	12.035	9.262
Total Current Assets	614.031	501.330	479.160
TOTAL	1638.588	1397.715	1247.827

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	1286.914	1153.362	944.219
	Other Income	29.007	33.073	22.177
	TOTAL SALES	1315.921	1186.435	966.396
Less	EXPENSES
	Cost of Materials Consumed	527.580	442.681	355.965
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(7.621)	(8.121)	(4.518)
	Employees benefits expense	180.873	155.534	138.504
	Other expenses	323.551	303.511	234.537
	TOTAL EXPENSES	1024.383	893.605	724.488
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	291.538	292.830	241.908
Less	FINANCIAL EXPENSES	19.578	18.244	22.859
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	271.960	274.586	219.049
Less/ Add	DEPRECIATION/ AMORTISATION	39.827	35.390	33.492
	PROFIT BEFORE TAX	232.133	239.196	185.557
Less	TAX	73.054	72.411	50.949
	PROFIT AFTER TAX	159.079	166.785	134.608
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	858.205	714.255	612.863
Add	Earlier year excess proposed dividend and dividend distribution tax	0.201	0.685	0.390
Less	APPROPRIATIONS
	Transfer to General Reserve	11.931	12.579	12.500
	proposed dividend	8.922	8.922	17.844
	Tax on proposed Dividend	1.335	1.335	2.722
	Total	22.188	22.836	33.066
	Balance Carried to the B/S	995.096	858.205	714.403
	IMPORTS
	Raw Materials	27.472	44.246	NA
	Components and Stores parts	6.989	14.422	NA
	Capital Goods	30.818	0.666	NA
	TOTAL IMPORTS	65.279	59.334	NA
	Earnings Per Share (Rs.)	17.83	18.69	15.08

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	129.872	52.580	263.278
Net cash flows from (used in) operating activities	67.419	(8.828)	215.110

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	12.36	14.46	14.26
Operating Profit Margin (PBIDT/Sales)	(%)	22.65	25.39	25.62
Return on Total Assets (PBT/Total Assets}	(%)	14.82	17.45	15.73
Return on Investment (ROI) (PBT/Networth)		0.19	0.23	0.21
Debt Equity Ratio (Total Debt /Networth)		0.16	0.08	0.12
Current Ratio (Current Asset/Current Liability)		1.89	2.19	1.96

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	89.219	89.219	89.223
Reserves & Surplus	803.506	959.881	1108.728
Share Application money pending allotment	0.000	0.025	0.000
Net worth	892.725	1049.125	1197.951
long-term borrowings	40.891	36.438	23.220
Short term borrowings	63.310	48.477	164.926
Current Maturities of Long term debt	0.000	0.000	0.000
Total borrowings	104.201	84.915	188.146
Debt/Equity ratio	0.117	0.081	0.157

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	944.219	1153.362	1286.914
		22.150	11.579

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	944.219	1153.362	1286.914
Profit	134.608	166.785	159.079
	14.26%	14.46%	12.36%

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	No
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	No
16	No. of employees	No
17	Details of sister concerns	Yes
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	No
29	Profitability for last three years	Yes
30	Major shareholders, if available	Yes
31	External Agency Rating, if available	Yes
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

NOTE: Registered office of the company has been shifted from 50, Adhchini Sriaurbindo Marg, New Delhi - 110011, Delhi, India to the present address w.e.f. 01.08.2008.

INDEX OF CHARGES:

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10516649	21/12/2013	819,000.00	HDFC Bank Limited	HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India	B97450761
2	10503129	21/12/2013	1,638,000.00	HDFC Bank Limited	HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India	B97450332
3	10503127	28/08/2013	1,500,000.00	HDFC Bank Limited	HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India	B97327985
4	10003283	23/12/2011 *	90,000,000.00	State Bank of India	Commercial Branch, Vardhman Trade Center Nehru Place, New Delhi - 110019, Delhi, India	B31308893
5	90033391	15/01/1999 *	22,700,000.00	State Bank of India	Commercial Branch, Vardhman Trade Centre ; Nehru Place, New Delhi - 110019, Delhi, India	-
6	90033294	21/07/2015 *	411,300,000.00	State Bank of India	Commercial Branch,The Great Eastern Centre, 70, G  Round Floor Nehru Place, New Delhi - 110019, Delhi, India	C60967817

*Date of modification Charges

OPERATIONS:

During the year the Gross Turnover increased to Rs. 1303.600 Million compared to Rs. 1162.900 Million in the previous year resulting in the growth of more than 12.10%. The operating of the Company have increased significantly. Also, the Net Profit of the company for the year is higher at Rs. 232.100 Million as against Rs. 239.100 Million last year.

FUTURE OUTLOOK:

The Company is maintaining its leadership position in India in the the area of Security and brand protection arena using optical security solution known as Holographic solution. It has also increased its Exports substantially during the year. It is expected that the growth rate of the company would be better than the growth rate of the industry.

Holography industry is growing steadily in India. The potential for growth in the industry is good. The initiative has to come from Government to make application of Holograms mandatory on various products. Usage of Hologram on liquor bottles has substantially increased the revenue of various state governments. Similarly the Government can increase its revenue by using Holograms as tax stamps. Various countries have taken such initiative which has not only increased the Government Revenue but has also minimized the menace of duplication.

The Company is also investing large amount in printing of High Quality Labels to cater to the needs of its existing and prospective customers. It is also set up a state of art facility in Greater Noida, which has also started operations. Company has started an Information technology department and got developed Track and Trace IT solution. Few customers of the company have further suggested to developed complete supply chain management solution along with Track and Trace solutions. Which also company got developed. Both solutions can be integrated with Hologram with Bar code option. Thus the company has started providing complete/integrated authenticated solutions to various customers.

AMALGAMATIONS EXPLANATORY

Holostik India Limited (Transferee Company)

The Figures for the current year include figures of earstwhile SPCC Apparel and Software Private Limited., the subsidiary company engaged in business of manufacturing of all kinds of stickers and films, which is amalgamated with company with effect from 1st April, 2012 as per the scheme of amalgamation (the scheme) sanctioned by the Hon'ble High Court of Delhi vide order dated 9th October, 2013 and are therefore to date extent not comparable with those of previous year.

In accordance with the scheme and as per approval of the Hon'ble High Court of Delhi.

(a) All the assets, liabilities, rights and obligations of earstwhile SPCC Apparel and Software Private Limited have been transferred to and vested with the company with effect from 1st April, 2012 and had been recorded at their respective book value, under the "Pooling of Interest Method" as prescribed by Accounting Standard - 14 "Accounting for Amalgamations"

(b) The purchase consideration is 400 equity share of Rs. 10/ each fully paid up which to be issued to the equity shareholders of the earstwhile SPCC Apparel and Software Private Limited whose names were registered in the register of members on recorded date except equity share kept by transferee company (Holostik India Ltd) as per exchange ratio 25:4. Being a subsidiary company 48,97,500 equity shares of earstwhile SPCC Apparel and Software Private Limited held by the company have been cancelled against Share Capital of the amalgamating company and 400 shares of Rs. 10 each to be issued in pursuance to scheme of amalgamation.

(c) The difference between purchase consideration and net assets taken over of Rs. 0.021 Million had been credited to "Share Premium on Equity Shares to be issued on Amalgamation" as at 1st April, 2012

(d) Consequent to the approval of the scheme of amalgamation by the Hon'ble High Court of Delhi with retrospective effect from 1st April, 2012, the net loss after tax for Rs. 0.150 Million which are relating to the period upto 31st March, 2012 has been added in the opening balance of profit and loss account.

(e) The unsecured loan granted by Holostik India Ltd to the transferor company stand cancelled with the unsecured loan of the erstwhile SPCC Apparel and Software Private Limited

(f) From the effective date the Authorized Share Capital stood increased without any further act or deed on the part of the company, including payment of stamp duty and registrar of companies’ fees and Memorandum of Association and Article of Association of the company stand amended accordingly without any further act or deed on the part of the company.

(g) Earstwhile SPCC Apparel and Software Private Limited stood dissolved without being wound up from the effective date, i.e. 9^th November, 2013

FIXED ASSETS:

· Land

· Building

· Plant and Machinery

· Furniture and Fixture

· Office Equipment

· Computer

· 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. 66.23
UK Pound	1	Rs. 101.22
Euro	1	Rs. 74.23

INFORMATION DETAILS

Information Gathered by :	SVA
Analysis Done by :	DIV
Report Prepared by :	SANS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILITY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		63

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.