MIRA INFORM REPORT

Report No. :	502589
Report Date :	07.04.2018

IDENTIFICATION DETAILS

Name :	ROOP POLYMERS LIMITED
Registered Office :	Mezzanine Floor, 47, Community Centre, New Friends Colony, New Delhi - 110025
Tel. No.:	91-124-4610801/ 899/ 4610856
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	20.05.1996
Com. Reg. No.:	55-079003
Capital Investment / Paid-up Capital :	INR 69.094 Million
CIN No.: [Company Identification No.]	U18101DL1996PLC079003
TIN No.:	06921922765
IEC No.: [Import-Export Code No.]	Not Available
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAACR5365C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The company is engaged in the business of manufacture of moulded/ extruded and rubber/plastic parts for both domestic and international customers. (Registered activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was incorporated in the year 1996 having fine track record. For the financial record of 2017, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. The rating continue to derive strength from the experienced promoters, long track record of operations, reputed client base and comfortable financial risk profile. The rating also factors in the consistent growth in total operating income, profitability margins and comfortable working capital cycle. However theses rating strength gets partially offset by the low bargaining power and cyclical nature of auto component industry. Payments seems to be regular. In view of aforesaid, 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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Rating = BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk.
Date	08.01.2018

Rating Agency Name	CARE
Rating	Short Term Rating = A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	08.01.2018

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 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 07.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED

MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-124-4610801 / 899 / 22622027 / 28)

Tel. No.: 91-124-2362936 / 37 / 5084096

LOCATIONS

Registered Office :	Mezzanine Floor, 47, Community Centre, New Friends Colony, New Delhi – 110025, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	lalit.kaul@rooppolymers.com cs@rooppolymers.com roopggn@nda.vsnl.com
Website :	www.rooppolymers.com
Corporate Office/ Factory 1 :	Plot No.30, IMT, Sector-3, Manesar, Gurugram - 122002, Haryana, India
Tel. No.:	91-124-4610801/ 899/ 4610856
Fax No.:	91-124-4369692
E-Mail :	sales@rooppolymers.com
Head Office/ Factory 2 :	27 and 28, IDC, Mehravli Road, Gurugram - 122006, Haryana, India
Tel. No.:	91-124-5081970/ 2362936-37/ 22622027-28/ 5084096
Fax No.:	91-124-2362836/ 2327403
Area :	2500 sq. ft.
Location :	Owned
Factory 3 :	68, Roz-Ka-Meo Industrial Area, Sohna, Gurugram, Haryana, India
Area :	1000 sq. ft.
Location :	Owned
Overseas Offices:	Located at: · United States of America · France

DIRECTORS

As on 31.03.2017

Name :

Mr. Anil Jain

Designation :

Managing Director

Address :

Plot No. 614, Sector 15-I, Urban Estate, Gurugram - 122001, Haryana, India

Date of Birth/Age :

01.05.1955

Qualification :

B.SC. & Diploma in Rubber Technology

Date of Appointment :

01.12.2007

PAN No.:

AAPPJ6358K

DIN No.:

00046879

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25199HR1986PLC026152	ROOP RUBBER MILLS LIMITED	02/09/2004	-
U28910HR2007PTC037392	ROOP ARINNA FABRICATORS PRIVATE LIMITED	16/11/2007	-
U17291HR2007PTC037393	ARINNA MARKETING PRIVATE LIMITED	16/11/2007	-
U25192HR2011PTC042766	ROOP KOEPP FOAM TECHNOLOGIES PRIVATE LIMITED	26/04/2011	-

Name :

Mr. Hitesh Jain

Designation :

Managing Director

Address :

H N 730, Sector – 15, Part-II, Urban Estate, Gurugram – 122001, Haryana, India

Date of Birth/Age :

15.05.1959

Qualification :

B.SC. & DIPLOMA in Rubber Technology

Date of Appointment :

01.07.2015

PAN No.:

AAPPJ6360D

DIN No.:

00046850

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25199HR1986PLC026152	ROOP RUBBER MILLS LIMITED	02/09/2004	-
U28910HR2007PTC037392	ROOP ARINNA FABRICATORS PRIVATE LIMITED	16/11/2007	-
U17291HR2007PTC037393	ARINNA MARKETING PRIVATE LIMITED	16/11/2007	-
U25192HR2011PTC042766	ROOP KOEPP FOAM TECHNOLOGIES PRIVATE LIMITED	26/04/2011	-

Name :

Mr. Mohit Oswal

Designation :

Director

Address :

House No. 103-L, New Colony, Gurugram – 122001, Haryana, India

Date of Birth/Age :

28.08.1965

Qualification :

MBA (Finance)

Date of Appointment :

01.06.2013

PAN No.:

AADPO1072F

DIN No.:

00046674

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U34300HR1990PLC030932	ROOP AUTOMOTIVES LIMITED	01/04/2010	-

Name :

Mr. Kunal Jain

Designation :

Whole-time director

Address :

H. No. 730, Sector-15, Part II, Gurugram – 122001, Haryana, India

Date of Birth/Age :

02.11.1985

Qualification :

M.SC.

Date of Appointment :

19.01.2011

PAN No.:

AJGPJ2040L

DIN No.:

03386898

Name :

Ms. Palak Jain

Designation :

Whole-Time Director

Date of Birth/Age :

07.12.1990

Qualification :

Graduate

Address :

H. No-614 Sector-15, Part-1, Gurugram – 122001, Haryana, India

Date of Appointment :

01.11.2016

PAN No.:

AOGPJ6268K

DIN No.:

07631850

Name :

Mr. Prem Kumar

Designation :

Director

Address :

B-36/174, Vikas Nagar, Pakhowal Road, Ludhiana - 141002, Punjab, India

Date of Birth/Age :

26.06.1953

Qualification :

P H D in Management

Date of Appointment :

29.10.2005

DIN No.:

00051349

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U34300HR1990PLC030932	ROOP AUTOMOTIVES LIMITED	30/09/2008	-
U34300PB1980PLC004154	GNA GEARS LIMITED	30/09/2016	-
L51909PB2000PLC023679	SEL MANUFACTURING COMPANY LIMITED	07/08/2010	-

Name :

Mr. Rajinder Singh Kundi

Designation :

Director

Address :

258-B, Sector - 14, Gurugram - 122001, Haryana, India

Date of Birth/Age :

15.02.1941

Qualification :

Mechanical Engineer

Date of Appointment :

20.05.2006

DIN No.:

00203082

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U35999HR1998PTC033930	PARAM AUTO DIE PRIVATE LIMITED	28/04/1998	-

Name :

Mr. Manan Jain

Designation :

Whole-time director

Address :

Plot No. 614, Sector 15, Part I, Gurugram - 122001, Haryana, India

Date of Birth/Age :

06.04.1990

Qualification :

Graduate

Date of Appointment :

01.06.2013

DIN No.:

03159379

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U25199HR1986PLC026152	ROOP RUBBER MILLS LIMITED	20/09/2010	-

Name :

Mr. Rishi Jain

Designation :

Director

Address :

H. No. 730, Sector-15, Part II, Gurugram – 122001, Haryana, India

Date of Birth/Age :

29.11.1990

Qualification :

Graduate

Date of Appointment :

04.08.2010

PAN No.:

APXPJ3234K

DIN No.:

03160582

KEY EXECUTIVES

Name :	Ms. Kuldeep Singh Rawat
Designation :	Company Secretary
Address :	B-72, Block-B, Subhash Park Ext., Uttam Nagar, D K Mohan Garden, New Delhi – 110059, India
Date of Appointment :	17.11.2017
PAN No.:	AOXPR3785G

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Name of Shareholders	No. of Shares
Non-Corporate Shareholders [Individuals]
Anil Jain	1782700
Hitesh Jain	1548200
Anju Jain	200400
Meenakshi Jain	199500
Sarita Oswal	22364
Pawan Siegell	30000
Sudhir	226020
Rishi Jain	170000
Corporate Shareholders
Roop Rubber Mills Limited, India	2670100
Roop Automotives Limited, India	60100
Total	6909384

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	56.78
Promoter – Other Company	38.64
Public – (Individual/ Hindu Undivided Family – Indian	0.43
Public -(Individual/ Hindu Undivided Family – Non-resident India (NRI)	3.27
Public - Bodies corporate	0.87
Total	100.00

BUSINESS DETAILS

Line of Business :

The company is engaged in the business of manufacture of moulded/ extruded and rubber/plastic parts for both domestic and international customers. (Registered activity)

Products :

Item Code No.	Product Description
40161000	Rubber and Plastic Moulded and Extruded Parts
25	Manufacturing of Rubber Items

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

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

Customers :

• JCBL Limited
• Maruti Suzuki
• Honda
• Hero Honda
• Denso

Reference :	Yamaha
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	Yes Bank Limited
Branch	Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai – 400018, Maharashtra, India
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Rupee term loans from banks	317.332	211.869
Foreign currency term loans from	45.102	68.858
Term loans from others	22.253	32.532
Loans taken for vehicles	0.518	3.173
Short-term borrowings
Loans repayable on demand from banks	237.299	105.529
Loans repayable on demand from others	100.000	100.000
(**Loan from Bajaj Finance Limited has secured by assurance by Bajaj Auto Limited. to the extent of outstanding amount against supply made by the company to Bajaj Auto Limited.)
Total	722.504	521.961

Finance Institutions :	Bajaj Finance Limited, Akurdi, Pune – 411035, Maharashtra, India
Auditors :
Name :	SCAN Associates Chartered Accountants
Address :	108, Aradhana Bhawan, Commercial Complex, Azadpur, Delhi-110033, India
PAN N Income-tax PAN of auditor or auditor's firm :	AANFS3580L
Secretarial Audit Report:
Name :	R. K. Sinha and Associates
Address :	15/12, basement, East Patel Nagar-110008, India
PAN No.:	AQOPS2139L
Memberships :	Not Available
Collaborators :	Not Available
Joint venture:	Roop Koepp Foam Technologies Private Limited, India U25192HR2011PTC042766
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Roop Arinna Fabricators Private Limited, India U28910HR2007PTC037392 Roop Automotives Limited, India U34300HR1990PLC030932 Roop Rubber Mills Limited, India U25199HR1986PLC026152 SA Agencies, India Jainco Rubber Industries Limited, India U25193HR2007PLC037228

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
8245000	Equity Shares	INR 10/- each	INR 82.450 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6909384	Equity Shares	INR 10/- each	INR 69.094 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	69.094	76.771	76.771
(b) Reserves and Surplus	809.752	850.097	806.839
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	878.846	926.868	883.610
(3) Non-Current Liabilities
(a) long-term borrowings	385.205	316.432	389.047
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long-term liabilities	0.475	1.675	3.201
(d) long-term provisions	39.591	33.924	27.886
Total Non-current Liabilities (3)	425.271	352.031	420.134
(4) Current Liabilities
(a) Short-term borrowings	337.299	205.529	226.262
(b) Trade payables	592.719	469.394	388.516
(c) Other current liabilities	224.381	206.347	203.709
(d) Short-term provisions	32.028	42.004	27.213
Total Current Liabilities (4)	1186.427	923.274	845.700
TOTAL	2490.544	2202.173	2149.444
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1187.810	1177.238	1132.651
(ii) Intangible Assets	2.348	2.912	5.309
(iii) Tangible assets capital work-in-progress	14.001	12.763	12.528
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	68.246	68.245	68.246
(c) Deferred tax assets (net)	24.338	19.139	8.512
(d) Long-term loans and advances	36.772	18.028	76.101
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1333.515	1298.325	1303.347
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	286.377	229.126	201.545
(c) Trade receivables	800.729	619.881	592.402
(d) Cash and bank balances	22.130	16.194	21.083
(e) Short-term loans and advances	47.409	38.265	30.372
(f) Other current assets	0.384	0.382	0.695
Total Current Assets	1157.029	903.848	846.097
TOTAL	2490.544	2202.173	2149.444

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	3381.311	3015.054	2827.900
	Other Income	18.379	17.857	24.471
	TOTAL	3399.690	3032.911	2852.371
Less	EXPENSES
	Cost of Materials Consumed	1768.813	1601.106	1578.261
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(24.580)	(21.533)	(13.666)
	Employee benefit expense	321.229	287.915	243.257
	CSR expenditure	1.156	0.487	0.614
	Other expenses	941.076	820.453	713.503
	TOTAL	3007.694	2688.428	2521.969
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	391.996	344.483	330.402
Less	FINANCIAL EXPENSES	72.926	73.147	57.424
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	319.070	271.336	272.978
Less/ Add	DEPRECIATION/ AMORTISATION	219.422	211.576	189.745
	PROFIT/ (LOSS) BEFORE TAX	99.648	59.760	83.233
Less	TAX	27.039	18.427	17.337
	PROFIT/ (LOSS) AFTER TAX	72.609	41.333	65.896
	Earnings / (Loss) Per Share (INR)	9.57	5.63	8.58

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	136.624	137.002	123.339
Net cash flows from (used in) operations	238.121	386.099	239.435
Net cash flows from (used in) operating activities	226.305	377.605	223.075

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	86.44	75.04	76.46
Account Receivables Turnover (Income / Sundry Debtors)	4.22	4.86	4.77
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	122.31	107.01	89.85
Inventory Turnover (Operating Income / Inventories)	1.37	1.50	1.64
Asset Turnover (Operating Income / Net Fixed Assets)	0.33	0.29	0.29

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.69	0.63	0.63
Debt Equity Ratio (Total Liability / Networth)	0.98	0.71	0.84
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.35	1.00	0.96
Fixed Assets to Networth (Net Fixed Assets / Networth)	1.37	1.29	1.30
Interest Coverage Ratio (PBIT / Financial Charges)	5.38	4.71	5.75

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	2.15	1.37	2.33
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.92	1.88	3.07
Return on Investment (ROI) ((PAT / Networth) * 100)	%	8.26	4.46	7.46

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	0.98	0.98	1.00
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.73	0.73	0.76
G-Score Ratio Financial (Networth / Total Assets)	0.35	0.42	0.41
G-Score Ratio Debt (Debts / Equity Capital)	12.43	8.58	9.62
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	0.98	0.98	1.00

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	76.771	76.771	69.094
Reserves & Surplus	806.839	850.097	809.752
Net worth	883.610	926.868	878.846
Long-term borrowings	389.047	316.432	385.205
Short term borrowings	226.262	205.529	337.299
Current maturities of long-term debts	123.339	137.002	136.624
Total borrowings	738.648	658.963	859.128
Debt/Equity ratio	0.836	0.711	0.978

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	2827.900	3015.054	3381.311
	0.000	6.618	12.148

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	2827.900	3015.054	3381.311
Profit/ (Loss)	65.896	41.333	72.609
	2.33 %	1.37 %	2.15 %

ABRIDGED BALANCE SHEET – (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2017	31.03.2016
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	69.094	76.771
(b) Reserves and Surplus	842.890	885.859
(c) Money received against share warrants	0.000	0.000
(d) Minority interest	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	911.984	962.630
(3) Non-Current Liabilities
(a) long-term borrowings	387.034	320.935
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long-term liabilities	0.475	1.676
(d) long-term provisions	39.858	34.115
Total Non-current Liabilities (3)	427.367	356.726
(4) Current Liabilities
(a) Short-term borrowings	337.299	205.529
(b) Trade payables	593.754	469.627
(c) Other current liabilities	227.387	209.538
(d) Short-term provisions	32.257	42.181
Total Current Liabilities (4)	1190.697	926.875
TOTAL	2530.048	2246.231
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1209.502	1202.000
(ii) Intangible Assets	2.348	2.912
(iii) Tangible assets capital work-in-progress	14.001	12.763
(iv) Intangible assets under development	46.220	46.220
(b) Non-current Investments	24.648	24.648
(c) Deferred tax assets (net)	30.470	24.391
(d) Long-term loans and advances	37.098	18.354
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1364.287	1331.288
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	288.147	232.310
(c) Trade receivables	803.337	621.286
(d) Cash and bank balances	24.744	18.795
(e) Short-term loans and advances	48.539	40.950
(f) Other current assets	0.994	1.602
Total Current Assets	1165.761	914.943
TOTAL	2530.048	2246.231

PROFIT & LOSS ACCOUNT– (CONSOLIDATED)

	PARTICULARS	31.03.2017	31.03.2016
	SALES
	Total Revenue from operations	3399.126	3027.555
	Other Income	19.490	19.118
	TOTAL	3418.616	3046.673
Less	EXPENSES
	Cost of Materials Consumed	1778.971	1608.398
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(23.253)	(23.072)
	Employee benefit expense	324.251	290.589
	CSR expenditure	1.156	0.487
	Other expenses	946.010	824.180
	TOTAL	3027.135	2700.582
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	391.481	346.091
Less	FINANCIAL EXPENSES	73.151	73.524
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	318.330	272.567
Less/ Add	DEPRECIATION/ AMORTISATION	222.186	214.785
	PROFIT/ (LOSS) BEFORE TAX	96.144	57.782
Less	TAX	26.159	18.057
	PROFIT/ (LOSS) AFTER TAX	69.985	39.725
	Earnings / (Loss) Per Share (INR)	10.13	5.17

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	Yes
8	Designation of contact person	Yes
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	No
12	Voter Id Card No. of Proprietor / Partners	No
13	Type of business	Yes
14	Line of Business	Yes
15	Export/import details (if applicable)	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

CORPORATE INFORMATION

Subject is a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company's registered office address is Mezzanine Floor, 47, Community Center, New Friends Colony, New Delhi-110025. The company is engaged in the business of manufacture of moulded/ extruded and rubber/plastic parts for both domestic and international customers.

BUSINESS OPERATIONS AND FINANCIAL PERFORMANCE OF THE COMPANY INCLUDING CONSOLIDATED FINANCIAL PERFORMANCE

In the financial year 2016-17, the company has received many new orders from Companies in Automotive (domestic and international) such as Moonlight, Speedo Max, Mate Motherson, TS. Tech Mandal, TS Inter Seat, Sanko Gosai, Bajaj, Hero Moto Corp., HMSI, Yamaha, Suzuki, Wabco, Koepp and TRW. Apart from automotive companies, the company is also supplying products to few customers which are operating in other than automotive industry. Further, as a result of proactive approach of the company, an increase in new orders is expected in the upcoming year.

In terms of operational and standalone financial performance of the company and as a result of smooth execution of the projects, the company has earned a profit after tax of INR 72.850 Million (as compared to the previous year's profit after tax of INR 43.258 Million. Company has achieved a consolidated profit after tax of INR 70.226 Million) as compared to the previous year's profit after tax of INR 41.650 Million).

Further, in spite of the pressure due to demonetisation, the company has achieved a growth in revenue from operations of 12.15% as compared to the last year.

NEW PROJECT

The company is focusing on scaling the operations of Unit VII which were started During financial year 2015-16. Thus, company has not started any new project during financial year 2016-17.

BUYBACK

During the financial year, the Board of Directors have approved buy-back of its equity shares at a price not exceeding INR 129.80 per equity share for a total consideration of not exceeding INR 99.652 Million for 7,67,736 equity shares, comprising 10% of the total number of equity shares.

Pursuant to the approval of Board of Directors, buy-back was done through 'Tender Offer' route on proportionate basis of 7,67,736 equity shares and all the certificates of bought back share were duly destroyed.

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G70795430	100141286	YES BANK LIMITED	24/11/2017	-	-	100000000.0	Nehru Centre, 9th Floor, Discovery of IndiaDr. A.B. Road, Worli,MumbaiMH400018IN
2	G69880862	100139510	YES BANK LIMITED	14/11/2017	-	-	150000000.0	Nehru Centre, 9th Floor, Discovery of IndiaDr. A.B. Road, Worli,MumbaiMH400018IN
3	G53620605	100123132	BAJAJ FINANCE LIMITED	20/07/2017	-	-	100000000.0	AKURDI PUNE-PuneMa411035IN
4	G55709547	100126776	BAJAJ FINANCE LIMITED	12/05/2017	-	-	50000000.0	AKURDI PUNE-PuneMa411035IN
5	G42736389	100094457	YES BANK LIMITED	23/02/2017	-	-	150000000.0	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN
6	G68297001	100092362	YES BANK LIMITED	09/02/2017	14/11/2017	-	100000000.0	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN
7	G14228381	100053674	BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED	12/08/2016	-	-	6555000.0	TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHa122002IN
8	G14512867	100053843	BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED	12/08/2016	-	-	6555000.0	TOWER C, 14TH FLOOR, BUILDING NO. 10DLF CYBER CITY, PHASE-IIGURGAONHa122002IN
9	G08952244	100041281	Citi Bank N.A.	26/05/2016	18/07/2016	-	50000000.0	Jeevan Bharti Building, 4th Floor124 Connaught Circus, Connaught PlaceNew DelhiDL110001IN
10	C62223623	10587181	HDFC BANK LIMITED	01/06/2015	-	-	1645000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

FIXED ASSETS

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

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	INR
US Dollar	1	INR 64.98
UK Pound	1	INR 90.95
Euro	1	INR 79.51

INFORMATION DETAILS

Information Gathered by :	SWT
Analysis Done by :	NSR
Report Prepared by :	SUJ

SCORE FACTORS

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	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.