MIRA INFORM REPORT

Report No. :	340906
Report Date :	14.09.2015

IDENTIFICATION DETAILS

Name :	SPARSH INDUSTRIES PRIVATE LIMITED
Registered Office :	165, Functional Industrial Estate, Patparganj, Delhi - 110092
Tel. No.:	91-11-42654646
Country :	India
Financials (as on) :	31.03.2014
Date of Incorporation :	30.04.2009
Com. Reg. No.:	55-189847
Capital Investment / Paid-up Capital :	Rs.250.685 Million
CIN No.: [Company Identification No.]	U25199DL2009PTC189847
IEC No.:	0509014551
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AAMCS9941D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer, Exporter, Supplier and of polyester films, metallized films, flexible packaging.
No. of Employees :	Information declined by the management

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Maximum Credit Limit :	USD 2200000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is an established company incorporated in the year 2009, having satisfactory track. Rating takes into consideration above average financial risk profile of the company marked by adequate networth base along with slightly high external borrowings in FY14. Further management remain successful in wiping off losses of previous year and further it has earned healthy cash accruals from its operations in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings with usual trade terms and conditions.

NOTES :

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

ECGC Country Risk Classification List – March 31, 2015

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	India Rating
Rating	Long Term Rating = BB+
Rating Explanation	Inadequate credit quality and high credit quality and high credit risk.
Date	February, 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 31-03-2015.

INFORMATION DENIED

MANAGEMENT NON COOPERATIVE (91-11-42654646) (91-9811070295)

LOCATIONS

Registered Office :	165, Functional Industrial Estate, Patparganj, Delhi – 110092, India
Tel. No.:	91-11-42654646
Fax No.:	91-11-42654949
E-Mail :	shivanshst123@gmail.com cmd@sparshgroup.in
Corporate Office :	51/47, Nayaganj, Kanpur – 206001, Uttar Pradesh, India
Tel. No.:	91-512-3012400
Fax No.:	91-512-2692773
Factory :	G-12 to G-20, and G 28-29, UPSIDC Industrial Area, Jaipur, Kanpur Dehat – 209311, Uttar Pradesh, India
E-Mail :	info@sparshgroup.in
Website:	www.sparshgroup.in

DIRECTORS

AS ON 27.09.2014

Name :

Mr. Vijay Kumar Agarwal

Designation :

Managing Director

Address :

51/47, Nayaganj, Kanpur - 208001, Uttar Pradesh, India

Date of Birth/Age :

25.03.1956

Date of Appointment :

30.04.2009

DIN No.:

00595464

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	U21021UP1996PTC019529	ACCHYUT PACKAGINGS PRIVATE LIMITED	Director	26/02/1996	26/02/1996	-	Active	NO
2	U25204UP2003PTC027211	ANCHAL POLYPACK PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
3	U74950UP2007PTC034198	SPARSH PACKAGINGS PRIVATE LIMITED	Director	28/11/2007	28/11/2007	-	Active	NO
4	U25199DL2009PTC189847	SPARSH INDUSTRIES PRIVATE LIMITED	Managing director	30/04/2009	30/04/2009	-	Active	NO

Name :

Mr. Prashant Agarwal

Designation :

Director

Address :

51/47, Nayaganj, Kanpur - 208001, Uttar Pradesh, India

Date of Birth/Age :

02.10.1981

Date of Appointment :

30.04.2009

DIN No.:

00563702

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	U24112UP1998PTC023724	SARVESH POLYCHEM PRIVATE LIMITED	Director	10/5/1999	10/5/1999	-	Active	NO
2	U51909WB1994PTC065190	KARAM TRADERS PRIVATE LIMITED	Director	20/08/2002	20/08/2002	-	Active	NO
3	U25204UP2003PTC027211	ANCHAL POLYPACK PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
4	U45202UP2003PTC027210	SPARSH BUILDERS PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
5	U45202WB1992PTC054241	TOM INVESTMENT PRIVATE LIMITED	Director	11/6/2003	11/6/2003	-	Active	NO
6	U45201UP2004PTC029183	SPARSH BUILDWELL PRIVATE LIMITED	Director	20/10/2004	20/10/2004	-	Active	NO
7	U01122UP2004PTC029182	SPARSH FARMS PRIVATE LIMITED	Director	20/10/2004	20/10/2004	-	Active	NO
8	U36990UP2005PTC029449	SPARSH LAMINATORS PRIVATE LIMITED	Director	27/01/2005	27/01/2005	-	Active	NO
9	U45201UP2005PTC029755	SPARSH REAL ESTATE PRIVATE LIMITED	Director	5/4/2005	5/4/2005	-	Active	NO
10	U45201UP2005PTC030507	SPARSH COLONISERS PRIVATE LIMITED	Director	18/08/2005	18/08/2005	-	Active	NO
11	U30000DL1993PTC052675	H K OFFICE EQUIPMENT COMPANY PRIVATE LIMITED	Additional director	18/12/2006	18/12/2006	-	Active	NO
12	U74899DL1994PTC060957	BEVERLY FARMS PRIVATE LIMITED	Director	26/09/2007	18/12/2006	-	Active	NO
13	U45200UP2007PTC033004	SPARSH BUILDERS AND DEVELOPERS(INDIA) PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
14	U19090DL2005PTC134816	RAGA IMPEX PRIVATE LIMITED	Director	30/05/2007	24/03/2007	-	Active	NO
15	U72200DL2005PTC132806	C INFO HUB TECHNOLOGIES PRIVATE LIMITED	Director	1/9/2008	24/07/2007	-	Active	NO
16	U45400DL2007PTC166635	ANANYA KRISHI BHUMI PRIVATE LIMITED	Director	3/8/2007	3/8/2007	-	Active	NO
17	U74899DL1989PTC036048	SURI IMPEX PRIVATE LIMITED	Director	2/9/2008	29/08/2007	-	Active	NO
18	U74899DL1995PTC064684	AWARD DEVELOPERS PRIVATE LIMITED	Director	24/09/2008	20/11/2007	-	Active	NO
19	U74950UP2007PTC034198	SPARSH PACKAGINGS PRIVATE LIMITED	Director	28/11/2007	28/11/2007	-	Active	NO
20	U18101DL1999PTC269281	MEDHA FASHIONS PRIVATE LIMITED	Director	29/09/2008	7/1/2008	-	Active	NO
21	U18101DL2005PTC133451	OPTIMIST APPARELS PRIVATE LIMITED	Director	20/07/2009	26/05/2008	-	Active	NO
22	U72100DL2008PTC182447	ANANYA COMPUTER AND BUILDCAP PRIVATE LIMITED	Director	26/08/2008	26/08/2008	26/12/2011	Active	NO
23	U45201DL2004PTC123827	ASSOTECH INFRASTRUCTURE PRIVATE LIMITED	Director	29/09/2009	2/1/2009	-	Active	NO
24	U25199DL2009PTC189847	SPARSH INDUSTRIES PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
25	U70102DL2010PTC199519	NEXGEN INFRACON PRIVATE LIMITED	Director	17/03/2010	17/03/2010	24/10/2011	Active	NO
26	U72200DL2005PTC131993	SKVR SOFTWARE SOLUTION PRIVATE LIMITED	Director	27/09/2010	25/03/2010	-	Active	NO
27	U16009DL1999PTC101181	NAINITAL EXPORTS AND IMPORTS PRIVATE LIMITED	Director	30/09/2010	29/04/2010	29/12/2014	Active	NO
28	U45400DL2010PTC203061	ANANYA BUILDWELL PRIVATE LIMITED	Director	24/05/2010	24/05/2010	-	Active	NO
29	U70102DL2010PTC199413	NEW WAVE BUILDERS PRIVATE LIMITED	Director	3/9/2011	1/7/2010	24/10/2011	Active	NO
30	U70100DL2011PTC221907	ANANYA FARMS AND COLONISERS PRIVATE LIMITED	Director	5/7/2011	5/7/2011	-	Active	NO
31	U45204DL2011PTC222868	ANANYA TECHNO BUILD PRIVATE LIMITED	Director	27/07/2011	27/07/2011	-	Active	NO
32	U45400DL2012PTC238352	ANANYA PROPBUILD PRIVATE LIMITED	Director	3/7/2012	3/7/2012	-	Active	NO
33	U45204DL2013PTC250320	AYAAN COLONISERS PRIVATE LIMITED	Director	5/4/2013	5/4/2013	25/07/2014	Active	NO
34	U45200DL2013PTC252453	AYAAN BUILDWELL PRIVATE LIMITED	Director	21/05/2013	21/05/2013	27/01/2015	Active	NO
35	U45400DL2013PTC257064	AYAAN REAL ESTATE PRIVATE LIMITED	Director	30/08/2013	30/08/2013	19/01/2015	Active	NO
36	U45400DL2014PTC265581	AYAAN DEVELOPERS PRIVATE LIMITED	Director	28/02/2014	28/02/2014	23/01/2015	Active	NO
37	U45400DL2014PTC265694	AYAAN FARMS PRIVATE LIMITED	Director	3/3/2014	3/3/2014	23/01/2015	Active	NO

Name :

Mr. Shishir Agarwal

Designation :

Director

Address :

A-54, Swasthya Vihar, Delhi - 110092, India

Date of Birth/Age :

22.09.1979

Date of Appointment :

30.04.2009

DIN No.:

00559349

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	U24112UP1998PTC023724	SARVESH POLYCHEM PRIVATE LIMITED	Director	28/07/1998	28/07/1998	-	Active	NO
2	U70109WB1994PTC063019	PUNE PROPERTIES AND FINANCE PRIVATE LIMITED	Director	14/11/2002	14/11/2002	-	Active	NO
3	U25204UP2003PTC027211	ANCHAL POLYPACK PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
4	U45202UP2003PTC027210	SPARSH BUILDERS PRIVATE LIMITED	Director	22/01/2003	22/01/2003	-	Active	NO
5	U45202WB1992PTC054241	TOM INVESTMENT PRIVATE LIMITED	Director	11/6/2003	11/6/2003	-	Active	NO
6	U45201UP2004PTC029183	SPARSH BUILDWELL PRIVATE LIMITED	Director	20/10/2004	20/10/2004	-	Active	NO
7	U01122UP2004PTC029182	SPARSH FARMS PRIVATE LIMITED	Director	20/10/2004	20/10/2004	-	Active	NO
8	U74899DL1987PTC028855	PARADISE SYSTEMS PRIVATE LIMITED	Director	21/03/2005	21/03/2005	8/3/2007	Active	NO
9	U45201UP2005PTC029755	SPARSH REAL ESTATE PRIVATE LIMITED	Director	5/4/2005	5/4/2005	-	Active	NO
10	U45201UP2005PTC030507	SPARSH COLONISERS PRIVATE LIMITED	Director	18/08/2005	18/08/2005	-	Active	NO
11	U70101DL2004PTC130860	ADITYA TECHNO BUILD PRIVATE LIMITED	Director	16/11/2005	16/11/2005	12/3/2015	Active	NO
12	U45201DL2006PTC147190	DOVE INFRASTRUCTURE PRIVATE LIMITED	Additional director	14/08/2006	14/08/2006	24/01/2007	Active	NO
13	U70109DL2006PTC155505	SRI D.J. BUILDWEL PRIVATE LIMITED	Director	15/11/2006	15/11/2006	-	Active	NO
14	U74899DL1988PTC033063	PENGUIN FARMS PRIVATE LIMITED	Director	25/09/2007	20/11/2006	17/12/2008	Active	NO
15	U45201RJ2006PTC022091	BLUEHILL ESTATE PRIVATE LIMITED	Director	24/09/2007	20/11/2006	13/09/2013	Active	NO
16	U30000DL1993PTC052675	H K OFFICE EQUIPMENT COMPANY PRIVATE LIMITED	Additional director	18/12/2006	18/12/2006	-	Active	NO
17	U74899DL1994PTC060957	BEVERLY FARMS PRIVATE LIMITED	Director	26/09/2007	18/12/2006	-	Active	NO
18	U55101DL1986PTC026182	GOPAL HOLIDAYS PRIVATE LIMITED	Director	25/09/2007	19/01/2007	5/1/2009	Active	NO
19	U45200UP2007PTC033004	SPARSH BUILDERS AND DEVELOPERS(INDIA) PRIVATE LIMITED	Director	15/03/2007	15/03/2007	-	Active	NO
20	U45201DL2004PTC123827	ASSOTECH INFRASTRUCTURE PRIVATE LIMITED	Director	20/03/2007	20/03/2007	-	Active	NO
21	U19090DL2005PTC134816	RAGA IMPEX PRIVATE LIMITED	Director	30/05/2007	24/03/2007	-	Active	NO
22	U72200DL2005PTC132806	C INFO HUB TECHNOLOGIES PRIVATE LIMITED	Director	1/9/2008	23/07/2007	-	Active	NO
23	U45400DL2007PTC166635	ANANYA KRISHI BHUMI PRIVATE LIMITED	Director	3/8/2007	3/8/2007	-	Active	NO
24	U74899DL1989PTC036048	SURI IMPEX PRIVATE LIMITED	Director	2/9/2008	27/08/2007	-	Active	NO
25	U74899DL1995PTC064684	AWARD DEVELOPERS PRIVATE LIMITED	Director	24/09/2008	6/11/2007	-	Active	NO
26	U18101DL1999PTC269281	MEDHA FASHIONS PRIVATE LIMITED	Director	29/09/2008	7/1/2008	-	Active	NO
27	U18101DL2005PTC133451	OPTIMIST APPARELS PRIVATE LIMITED	Director	20/07/2009	26/05/2008	-	Active	NO
28	U85200DL1999PTC098442	SARAS MEDICAL CENTRE PRIVATE LIMITED	Director	23/09/2008	16/07/2008	-	Active	NO
29	U72100DL2008PTC182447	ANANYA COMPUTER AND BUILDCAP PRIVATE LIMITED	Director	26/08/2008	26/08/2008	26/12/2011	Active	NO
30	U45201DL2005PTC140604	PANACEA TOWNSHIPS PRIVATE LIMITED	Director	26/09/2009	10/11/2008	-	Active	NO
31	U25199DL2009PTC189847	SPARSH INDUSTRIES PRIVATE LIMITED	Director	30/04/2009	30/04/2009	-	Active	NO
32	U45201DL1999PTC099629	PAVITRA DHAM CONSTRUCTIONS PRIVATE LIMITED	Director	29/09/2009	4/7/2009	-	Active	NO
33	U16009DL1999PTC101181	NAINITAL EXPORTS AND IMPORTS PRIVATE LIMITED	Director	30/09/2010	15/10/2009	-	Active	NO
34	U70102DL2010PTC199519	NEXGEN INFRACON PRIVATE LIMITED	Director	17/03/2010	17/03/2010	24/10/2011	Active	NO
35	U72200DL2005PTC131993	SKVR SOFTWARE SOLUTION PRIVATE LIMITED	Director	27/09/2010	25/03/2010	-	Active	NO
36	U45400DL2010PTC203061	ANANYA BUILDWELL PRIVATE LIMITED	Director	24/05/2010	24/05/2010	-	Active	NO
37	U70102DL2010PTC199413	NEW WAVE BUILDERS PRIVATE LIMITED	Director	3/9/2011	1/7/2010	24/10/2011	Active	NO
38	U32300DL2011PTC221579	SPARSH TELE DEVICES PRIVATE LIMITED	Director	28/06/2011	28/06/2011	19/01/2015	Active	NO
39	U70100DL2011PTC221907	ANANYA FARMS AND COLONISERS PRIVATE LIMITED	Director	5/7/2011	5/7/2011	-	Active	NO
40	U45204DL2011PTC222868	ANANYA TECHNO BUILD PRIVATE LIMITED	Director	27/07/2011	27/07/2011	-	Active	NO
41	U45400DL2012PTC238352	ANANYA PROPBUILD PRIVATE LIMITED	Director	3/7/2012	3/7/2012	-	Active	NO
42	U45204DL2013PTC250320	AYAAN COLONISERS PRIVATE LIMITED	Director	5/4/2013	5/4/2013	25/07/2014	Active	NO
43	U45200DL2013PTC252453	AYAAN BUILDWELL PRIVATE LIMITED	Director	21/05/2013	21/05/2013	27/01/2015	Active	NO
44	U45400DL2013PTC257064	AYAAN REAL ESTATE PRIVATE LIMITED	Director	30/08/2013	30/08/2013	23/01/2015	Active	NO
45	U45400DL2014PTC265581	AYAAN DEVELOPERS PRIVATE LIMITED	Director	28/02/2014	28/02/2014	19/01/2015	Active	NO
46	U45400DL2014PTC265694	AYAAN FARMS PRIVATE LIMITED	Director	3/3/2014	3/3/2014	19/01/2015	Active	NO
47	U40106DL2014PTC271074	SPARSH VIDYUT PRIVATE LIMITED	Director	1/9/2014	1/9/2014	19/01/2015	Active	NO

Name :

Mr. Sarvesh Agarwal

Designation :

Director

Address :

51/47, Nayaganj, Kanpur - 208001, Uttar Pradesh, India

Date of Birth/Age :

25.10.1988

Date of Appointment :

28.09.2011

DIN No.:

02616713

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	U25199DL2009PTC189847	SPARSH INDUSTRIES PRIVATE LIMITED	Director	28/09/2011	24/06/2010	-	Active	NO
2	U51109DL2008PTC231765	AASTHA MERCHANTS PRIVATE LIMITED	Additional director	22/08/2014	22/08/2014	-	Active	NO
3	U70109DL2010PTC202690	DIYA REALTY PRIVATE LIMITED	Additional director	22/08/2014	22/08/2014	-	Active	NO
4	U74999DL2010PTC202804	PEERAGE CORPORATE CONSULTANCY PRIVATE LIMITED	Additional director	22/08/2014	22/08/2014	-	Active	NO
5	U70101DL2010PTC202742	PEERAGE REALTY PRIVATE LIMITED	Additional director	22/08/2014	22/08/2014	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Shivansh tiwari
Designation :	Secretary
Address :	104-A, Yashoda Nagar, Kanpur - 208001, Uttar Pradesh, India
Date of Appointment :	05.01.2015
PAN No:	ALDPT4607L

MAJOR SHAREHOLDERS

AS ON 27.09.2014

Names of Shareholders	No. of Shares
Vijay Kumar Agarwal	609960
Shishir Agarwal	43000
Prashant Agarwal	487960
Usha Agarwal	8173000
Colour Techniques	10
Sparsh Packaging Private Limited, India	10
Atma Textile	10
Agarwal Polymers	10
Shanti Devi Agarwal	575000
Pradeep Kumar Agarwal	298000
Kamal Shree Agarwal	156000
Pradeep Kumar Agarwal and Sons (HUF)	51500
Vijay Kumar Agarwal and Sons (HUF)	1062500
Manju Agarwal	13000
Murli Dhar Agarwal and Sons	918500
H. K Office Equipment Company Private Limited, India	1173000
Pune Properties Finance Private Limited, India	3650000
Tom Investment Private Limited, India	3662000
Murli Dhar Agarwal	153000
Roshan Agarwal	32000
Sarvesh Agarwal	45000
Sparsh Laminators Private Limited, India	65000
Anil Kumar Sharma	10
Synchem	10
Dawn Chemicals, India	10
H. J. Enterprises, India	10
Mona Chicker	900000
Credible Nivesh Limited, India	3000000
Total	25068500

AS ON 23.03.2015

Names of Allottees	No. of Shares
Credible Nivesh Limited, India	725000
H. K Office Equipment Company Private Limited, India	125000
Gains Impex and Trader Private Limited, India	1650000
Total	2500000

Equity Share Break up (Percentage of Total Equity)

AS ON 27.09.2014

Category	Percentage
Bodies corporate	46.07
Directors or relatives of Directors	42.23
Other top fifty shareholders	11.70
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer, Exporter, Supplier and of polyester films, metallized films, flexible packaging.
Products :	Polyester Films Metallized Films Flexible Packaging etc.
Brand Names :	Not Available
Agencies Held :	Not Available
Exports :	Not Divulged
Imports :	Not Divulged
Terms :	Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

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

No. of Employees :

Information declined by the management

Bankers :

• State Bank of India, Overseas Branch, 15/54-B, Virendra Smriti Complex, Civil Lines,, Kanpur - 208001, Uttar Pradesh, India

Banker Name	Union Bank Of India
Branch Address	Main Branch, Birhana Road, Kanpur - 208001, Uttar Pradesh, 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

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Term loans from banks	1000.204	936.959
Total	1000.204	936.959

Auditors :
Name :	Chaudhary Pandiya and Company Chartered Accountants
Address :	513, Plazakalpana, 24/147-B, Birhana Road, Kanpur, Uttar Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AABFC5629G
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON 27.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount
40000000	Equity Shares	Rs.10/- each	Rs.400.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25068500	Equity Shares	Rs.10/- each	Rs.250.685 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	250.685	150.685	150.685
(b) Reserves & Surplus	348.859	303.383	484.084
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	170.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	769.544	454.068	634.769
(3) Non-Current Liabilities
(a) long-term borrowings	1056.883	1120.046	1092.343
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	1056.883	1120.046	1092.343
(4) Current Liabilities
(a) Short term borrowings	308.055	225.221	126.785
(b) Trade payables	12.758	50.933	7.383
(c) Other current liabilities	223.605	183.550	172.080
(d) Short-term provisions	25.658	5.963	0.000
Total Current Liabilities (4)	570.076	465.667	306.248
TOTAL	2396.503	2039.781	2033.360
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1313.679	1408.174	1631.376
(ii) Intangible Assets	0.454	0.712	0.984
(iii) Capital work-in-progress	356.148	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	145.530	162.972	91.499
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	5.293
Total Non-Current Assets	1815.811	1571.858	1729.152
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	199.358	125.026	103.344
(c) Trade receivables	148.063	142.738	55.277
(d) Cash and cash equivalents	135.132	97.950	96.526
(e) Short-term loans and advances	69.369	75.365	8.897
(f) Other current assets	28.770	26.844	40.164
Total Current Assets	580.692	467.923	304.208
TOTAL	2396.503	2039.781	2033.360

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2014	31.03.2013	31.03.2012
SALES
Income	NA	NA	NA
Other Income	NA	NA	NA
TOTAL	NA	NA	NA
EXPENSES	NA	NA	NA
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	NA	NA	(1.665)
FINANCIAL EXPENSES	NA	NA	26.980
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	252.343	(27.791)	(28.645)
DEPRECIATION/ AMORTISATION	189.426	(224.382)	34.934
PROFIT/ (LOSS) BEFORE TAX	62.917	196.591	(63.579)
TAX	17.442	(71.473)	(91.498)
PROFIT/ (LOSS) AFTER TAX	45.475	(180.700)	27.919
EARNINGS IN FOREIGN CURRENCY
F.O.B. Value of Exports	347.069	111.848	NA
TOTAL EARNINGS	347.069	111.848	NA
IMPORTS
Spare Parts	19.859	7.868	NA
TOTAL IMPORTS	19.859	7.868	NA
Earnings / (Loss) Per Share (Rs.)	1.81	(7.21)	1.11

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2014	31.03.2013	31.03.2012
Current Maturities of Long term debt	190.000	160.000	0.000
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	(252.173)	(63.580)

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Return on Total Assets (PBT/Total Assets}	(%)	3.32	10.47	(3.27)
Return on Investment (ROI) (PBT/Networth)		0.08	0.43	(0.10)
Debt Equity Ratio (Total Debt /Networth)		2.02	3.32	1.92
Current Ratio (Current Asset/Current Liability)		1.02	1.00	0.99

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	150.685	150.685	250.685
Reserves & Surplus	484.084	303.383	348.859
Share Application money pending allotment	0.000	0.000	170.000
Net worth	634.769	454.068	769.544
long-term borrowings	1092.343	1120.046	1056.883
Short term borrowings	126.785	225.221	308.055
Total borrowings	1219.128	1505.267	1554.938
Debt/Equity ratio	1.921	3.315	2.021

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	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	Yes
22	Conduct of the banking account	--
23	Financials, if provided	Yes
24	Capital in the business	Yes
25	Last accounts filed at ROC, if applicable	Yes
26	Turnover of firm for last three years	No
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 201,202,2nd Floor, Roots Tower 7, District Centre, Laxmi Nagar Delhi – 110092, India to the present address w.e.f. 16.08.2013

UNSECURED LOAN

(Rs. In Million)

Particulars	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Other loans and advances	56.679	183.087
SHORT TERM BORROWING
Loans repayable on demand from others	308.055	225.221
Total	364.734	408.308

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10422814	05/10/2013 *	1,714,600,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, 15/54-B,, VIRENDRA SMRITI COMPLEX, CIVIL LINES,, KANPUR, UTTAR PRADESH - 208001, INDIA	B88016126
2	10258019	09/07/2015 *	3,278,800,000.00	STATE BANK OF INDIA	OVERSEAS BRANCH, 15/54-B,, VIRENDRA SMRITI COMPLEX, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA	C63247811

* Date of charge modification

FIXED ASSETS

Tangible assets

• Land
• Buildings
• Plant and equipment
• Factory equipment’s
• Furniture and fixtures
• Vehicles
• Motor vehicles
• Office equipment
• Computer equipment’s

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 records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

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

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

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

Charges or investigation registered against subject: None

7] Criminal Records

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

8] Affiliation with Government :

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

9] Compensation Package :

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

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

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

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

CONTRAVENTION

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.39
UK Pound	1	Rs.102.59
Euro	1	Rs.74.90

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	KIN
Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILITY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--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		44

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.