MIRA INFORM REPORT

Report No. :	491282.2
Report Date :	19.02.2018

IDENTIFICATION DETAILS

Name :	ROTOMAC GLOBAL PRIVATE LIMITED (w.e.f. 15.07.2008)
Formerly Known As :	ROTOMAC PENS PRIVATE LIMITED
Registered Office :	201, City Centre, 63/2, The Mall, Kanpur – 208004, Uttar Pradesh
Tel. No.:	91-512-3011000
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	03.08.1992
Com. Reg. No.:	20-014605
Capital Investment / Paid-up Capital :	INR 250.000 Million
CIN No.: [Company Identification No.]	U51396UP1992PTC014605
IEC No.:	0692002189
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCR1441E
GSTIN :	Not Divulged
Legal Form :	Private Limited Liability Company.
Line of Business :	Dealing in Merchanting Trade Business. Manufacturer of Writing Instruments such as Pens and Pencils of all kinds Whether or not Mechanical, Pencil Leads, etc. Whole Sale of Agriculture Raw Materials. Wholesale of Computers and Computer Peripheral Equipment. (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 :

D

Credit Rating	Explanation	Rating Comments
D	High Risk	Business dealing not recommended or on secured terms only

Status :	Poor
Payment Behaviour :	Slow and delayed
Litigation :	Exist
Comments :	Subject is an established company incorporated in the year 1992. It is a company of “Rotomac Group” and engaged in manufacturing of variety of writing instruments including pens, marker and refills. Management of the company has not filed its financials of 2017 with government department. As per available financials of 2016, the company has sharply declined in its revenue from operations as compared to previous year and reported heavy losses. Rating is constrained on account of huge of borrowings recorded by the company which can be threat to its liquidity position and unfavourable gap between its trade payable and receivables. Further, as per indirect sources we could find that company has delayed in repayment of its debt obligations and Bank of Baroda refers the company to the National Company Law Tribunal for insolvency proceedings. It is also to be noted that the company is listed with RBI defaulter and defaulted hefty amount. Payments terms are reported to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on fully safe and secured 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 (30.06.2017)	Current Rating (30.09.2017)
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	BRICKWORKS
Rating	Long Term Rating = D
Rating Explanation	Lowest-credit-quality and very low prospects of recovery.
Date	11.07.2017

Rating Agency Name	BRICKWORKS
Rating	Short Term Rating = D
Rating Explanation	Lowest-credit-quality and very low prospects of recovery.
Date	11.07.2017

RBI DEFAULTERS’ LIST STATUS

Subject’s name has been found enlisted as a defaulter in the publicly available RBI Defaulters’ list and the details of the same are as under :

Bank	Branch	Borrower name	Registered Address	Director Name-Din No. detail	Outstanding Amount (In INR Million )
Allahabad Bank	Kanpur-M. G. Road	Rotomac Global Private Limited	201, City Centre, 63/2 The Mall, Kanpur – 208004, Uttar Pradesh, India	Mr. Vikram Kothari - 454708	3306.800
Allahabad Bank	Kanpur-M. G. Road	Rotomac Global Private Limited	201, City Centre, 63/2 The Mall, Kanpur – 208004, Uttar Pradesh, India	Mr. Vikram Kothari - 454708	3306.800
Allahabad Bank	Kanpur-M. G. Road	Rotomac Global Private Limited	201, City Centre, 63/2 The Mall, Kanpur – 208004, Uttar Pradesh, India	Mr. Vikram Kothari - 454708	3306.800
Allahabad Bank	Kanpur-M. G. Road	Rotomac Global Private Limited	201, City Centre, 63/2 The Mall, Kanpur – 208004, Uttar Pradesh, India	Mr. Vikram Kothari - 454708	3306.800

Insolvency and Banking

Sr.No.	Date of Announcement	Last date of Submission	Name of Corporate Debtor	Name of Applicant	Address of Insolvency Professional	Name of Insolvency Professional
1	25.09.2017	--	Rotomac Global Private Limited	Bank of Baroda	Mr. Anil Goel	E-10A, Kailash Colony, Greater Kailash – 1, National capital territory of Delhi, Central 110048

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 31-03-2016.

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 14.02.2018

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.: 91-512-301130)

LOCATIONS

Registered / Head Office / Factory :	201, City Centre, 63/2 The Mall, Kanpur – 208004, Uttar Pradesh, India
Tel. No.:	91-512- 3011000 / 2330142
Fax No.:	91-512- 3011099 / 2330151
E-Mail :	info@rotomac.net cfc@incsolutions.in rotomacglobal@gmail.com
Website :	www.rotomac.com
Branch Office and Sales Depot :	Located At: · New Delhi · Mumbai
Manufacturing Unit and Sales Depot :	Located At: · Ahmedabad · Jamnagar

DIRECTORS

As on 31.03.2017

Name :

Mr. Vikram Kothari

Designation :

Managing Director

Address :

7/23, Tilak Nagar, Kanpur – 208002, Uttar Pradesh, India

Date of Birth/Age :

12.10.1949

Qualification :

B. Com

Experience :

35 years

Date of Appointment :

03.08.1992

PAN No.:

AAYPK6100D

DIN No.:

00454708

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U92199UP2004PTC029300	RAVE MOTI ENTERTAINMENT PRIVATE LIMITED	29/09/2012	-
U51497UP2002PTC026476	ROTOMAC EXPORTS PRIVATE LIMITED	05/02/2002	-
U67120UP1995PTC018111	RFL INFRASTRUCTURES PRIVATE LIMITED	25/05/1995	-
U36941UP1998PTC023820	ROTOMAC POLYMERS PRIVATE LIMITED	02/09/1998	-
U15400UP2014PTC062949	KOTHARI FOODS AND FRAGRANCES PRIVATE LIMITED	25/02/2014	-
U27202GJ2011PTC065740	WEST COAST EXTRUSION PRIVATE LIMITED	30/09/2011	-
U45400UP2007PTC034167	ANANDESHWAR NIRMAN PRIVATE LIMITED	24/01/2011	-
U74900UP2008PTC036079	ROTOMAC EXIM PRIVATE LIMITED	24/09/2008	-
U51396UP1992PTC014605	ROTOMAC GLOBAL PRIVATE LIMITED	03/08/1992	-
U51101UP2009PTC036913	SUNRISE GLOBAL PRIVATE LIMITED	03/03/2009	-
U36991UP2004PTC038128	CROWN ALBA WRITING INSTRUMENTS INDIA PRIVATE LIMITED	01/02/2005	-

Name :

Mrs. Sadhna Kothari

Designation :

Director

Address :

7/23, Tilak Nagar, Kanpur – 208002, Uttar Pradesh, India

Date of Birth/Age :

10.10.1952

Qualification :

Graduate

Date of Appointment :

19.07.1999

PAN No.:

AAYPK6102B

DIN No.:

00185743

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U15400UP2014PTC062949	KOTHARI FOODS AND FRAGRANCES PRIVATE LIMITED	25/02/2014	-
U67120UP1995PTC018111	RFL INFRASTRUCTURES PRIVATE LIMITED	25/05/1995	-
U45400UP2007PTC034167	ANANDESHWAR NIRMAN PRIVATE LIMITED	24/01/2011	-
U51497UP2002PTC026476	ROTOMAC EXPORTS PRIVATE LIMITED	29/09/2008	-
U36941UP1998PTC023820	ROTOMAC POLYMERS PRIVATE LIMITED	02/09/1998	-
U51396UP1992PTC014605	ROTOMAC GLOBAL PRIVATE LIMITED	19/07/1999	-
U36991UP2004PTC038128	CROWN ALBA WRITING INSTRUMENTS INDIA PRIVATE LIMITED	25/09/2008	-

Name :

Mr. Rahul Kothari

Designation :

Director

Address :

7/23, Tilak Nagar, Kanpur – 208002, Uttar Pradesh, India

Date of Birth/Age :

29.11.1986

Qualification :

MBA

Date of Appointment :

16.08.2014

PAN No.:

AOEPK8235K

DIN No.:

00454777

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U36991UP2004PTC038128	CROWN ALBA WRITING INSTRUMENTS INDIA PRIVATE LIMITED	30/09/2009	-
U51396UP1992PTC014605	ROTOMAC GLOBAL PRIVATE LIMITED	16/08/2014	-
U36941UP1998PTC023820	ROTOMAC POLYMERS PRIVATE LIMITED	30/09/2013	-
U74900UP2008PTC036079	ROTOMAC EXIM PRIVATE LIMITED	30/09/2010	-
U51101UP2009PTC036913	SUNRISE GLOBAL PRIVATE LIMITED	03/03/2009	-
U27202GJ2011PTC065740	WEST COAST EXTRUSION PRIVATE LIMITED	30/09/2011	-
U15400UP2014PTC062949	KOTHARI FOODS AND FRAGRANCES PRIVATE LIMITED	25/02/2014	-
U67120UP1995PTC018111	RFL INFRASTRUCTURES PRIVATE LIMITED	30/09/2013	-

KEY EXECUTIVES

Name :	Ms. Akansha Gupta
Designation :	Company Secretary
Address :	24/24, Birhana Road, Kanpur – 208001, Uttar Pradesh, India
Date of Birth/Age :	21.04.1984
Date of Appointment :	02.01.2012
PAN No.:	AOIPG5724R

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2016

SHAREHOLDER’S DETAILS FILE ATTACHED

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2016

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	83.12
Public – (Individual/ Hindu Undivided Family – Indian)	16.88
Total	100.00

BUSINESS DETAILS

Line of Business :

• Dealing in Merchanting Trade Business.

• Manufacturer of Writing Instruments such as Pens and Pencils of all kinds Whether or not Mechanical, Pencil Leads, etc.

• Whole Sale of Agriculture Raw Materials.

• Wholesale of Computers and Computer Peripheral Equipment.

(Registered activity)

Products :

Item Code No.	Product Description
96081010	Ball Point Pens; Felt Tipped and Other Porous-Tipped Pens and Markers; Fountain Pens; Stylograph Pens and Other Pens
32901	Manufacture of stationary articles such as pens and pencils of all kinds whether or not mechanical, pencil leads, etc
46209	Whole sale of other agriculture raw materials n.e.c.
46209	Wholesale of computers and computer peripheral equipment

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 :

Reference :	Not Divulged
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	Bank of India (Lead Banker)
Branch	Mid Corporate Branch, Thapar House, Birhana Road, Kanpur – 208001, Uttar Pradesh, 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	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Rupee term loans from banks	19.177	36.640
Short-term borrowings
Loans repayable on demand from banks	15555.537	3939.402
Total	15574.714	3976.042

Auditors :
Name :	Sudhindra Jain and Company Chartered Accountants
Address :	113/7-A, Swaroop Nagar, Indrajeet Jain Marg, Kanpur – 208002, Uttar Pradesh, India
PAN N Income-tax PAN of auditor or auditor's firm :	AACFS7403B
Memberships :	Not Available
Collaborators :	Not Available
Wholly Owned Subsidiary :	Rotomac Global Pte Limited, Singapore
Subsidiary :	Crown Alba Writing Instruments India Private Limited U36991UP2004PTC038128
Associates :	West Coast Extrusions Private Limited U27202GJ2011PTC065740
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	Rotomac Exports Private Limited U51497UP2002PTC026476 Rotomac Exim Private Limited U74900UP2008PTC036079 Rotomac Polymer Private Limited U36941UP1998PTC023820 Kothari Foods and Fragrances Private Limited U15400UP2014PTC062949 Sunrise Global Private Limited U51101UP2009PTC036913 Aandeshwar Nirman Private Limited U45400UP2007PTC034167 Vertex Builders Private Limited U45201UP2003PTC027758 RFL Infrastructure Private Limited U67120UP1995PTC018111 Rave Real Estate Private Limited U70102UP2007PTC033054 Mohan Steels Limited L27107UP1971PLC003442 Realty Rotomac Hanu Exports (India) Archana Constructions Co.

CAPITAL STRUCTURE

As on 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount
50000000	Equity Shares	INR 10/- each	INR 500.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	INR 10/- each	INR 250.000 Million

FINANCIAL DATA

[all figures are in Rupees Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	250.000	250.000	200.000
(b) Reserves and Surplus	1142.572	2336.415	1985.039
(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)	1392.572	2586.415	2185.039
(3) Non-Current Liabilities
(a) long-term borrowings	261.877	257.495	304.813
(b) Deferred tax liabilities (Net)	41.952	58.874	57.254
(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)	303.829	316.369	362.067
(4) Current Liabilities
(a) Short-term borrowings	17136.111	13991.143	6459.869
(b) Trade payables	18209.850	33044.169	42357.534
(c) Other current liabilities	573.768	2383.195	2717.241
(d) Short-term provisions	36.743	39.407	35.167
Total Current Liabilities (4)	35956.472	49457.914	51569.811
TOTAL	37652.873	52360.698	54116.917
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	830.322	880.656	889.234
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets capital work-in-progress	0.000	88.703	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	255.324	255.323	127.318
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	37.101	37.837	5.621
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1122.747	1262.519	1022.173
(2) Current assets
(a) Current investments	2.571	3.077	6.963
(b) Inventories	372.493	486.666	465.054
(c) Trade receivables	30228.519	26145.475	24159.599
(d) Cash and bank balances	1709.693	20994.287	25035.508
(e) Short-term loans and advances	4109.258	3452.452	3377.599
(f) Other current assets	107.592	16.222	50.021
Total Current Assets	36530.126	51098.179	53094.744
TOTAL	37652.873	52360.698	54116.917

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	58721.562	91311.513	115874.959
	Other Income	24.810	26.532	95.991
	TOTAL	58746.372	91338.045	115970.950
Less	EXPENSES
	Cost of Materials Consumed	459.122	630.241	829.212
	Purchases of Stock-in-Trade	56660.330	88494.706	112200.354
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	64.243	(0.266)	538.431
	Employee benefit expense	127.178	140.431	134.500
	CSR expenditure	0.000	11.403	0.000
	Other expenses	1152.014	327.153	455.354
	Prior period items before tax	61.304	0.000	0.010
	TOTAL	58524.191	89603.668	114157.861
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	222.181	1734.377	1813.089
Less	FINANCIAL EXPENSES	1424.936	991.976	1025.349
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(1202.755)	742.401	787.740
Less/ Add	DEPRECIATION/ AMORTISATION	90.382	71.268	51.534
	PROFIT/ (LOSS) BEFORE TAX	(1293.137)	671.133	736.206
Less	TAX	(99.294)	229.739	260.685
	PROFIT/ (LOSS) AFTER TAX	(1193.843)	441.394	475.521
	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	54975.355	87762.500	109962.630
	TOTAL EARNINGS	54975.355	87762.500	109962.630
	IMPORTS
	Raw Materials	16.864	52.755	79.916
	Capital Goods	21.094	24.596	31.131
	TOTAL IMPORTS	37.957	77.351	111.047
	Earnings / (Loss) Per Share (INR)	(47.75)	17.66	23.78

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Net cash flows from (used in) operations	(21134.124)	(10077.494)	(18715.958)
Net cash flows from (used in) operating activities	(21034.830)	(10307.233)	(18976.643)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days [Sundry Debtors / Income * 365]	187.89	104.51	76.10
Account Receivables Turnover [Income / Sunday Debtors]	1.94	3.49	4.80
Average Payment Days [Sundry Creditors / Purchases * 365]	116.36	135.33	136.78
Inventory Turnover [Operating Income / Inventories]	0.60	3.56	3.90
Asset Turnover [Operating Income / Net Fixed Assets]	0.27	1.79	2.04

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]	0.96	0.95	0.96
Debt Equity Ratio (Borrowings / NetWorth)	12.49	5.51	3.10
Current Liabilities to Networth (Current Liabilities / NetWorth)	25.82	19.12	23.60
Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)	0.60	0.37	0.41
Interest Coverage Ratio [PBIT / Financial Charges]	0.16	1.75	1.77

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin [(PAT / Sales) * 100]	(%)	(2.03)	0.48	0.41
Return on Total Assets [(PAT / Total Assets) * 100]	(%)	(3.17)	0.84	0.88
Return on Investment (ROI) [(PAT / NetWorth) * 100]	(%)	(85.73)	17.07	21.76

SOLVENCY RATIO

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio [Current Assets / Current Liabilities]	1.02	1.03	1.03
Quick Ratio [(Current Assets - Inventories) / Current Liabilities]	1.01	1.02	1.02
G-Score Ratio Financial [NetWorth / Total Assets]	0.04	0.05	0.04
G-Score Ratio Debt [Debts / Equity Capital]	69.59	56.99	33.82
G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]	1.02	1.03	1.03

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

FINANCIAL ANALYSIS

[all figures are in INR Million]

DEBT EQUITY RATIO

Particular	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Share Capital	200.000	250.000	250.000
Reserves & Surplus	1985.039	2336.415	1142.572
Net worth	2185.039	2586.415	1392.572
Long-term borrowings	304.813	257.495	261.876
Short term borrowings	6459.869	13991.143	17136.111
Total borrowings	6764.682	14248.638	17397.987
Debt/Equity ratio	3.096	5.509	12.493

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	115874.959	91311.513	58721.562
		(21.198)	(35.691)

NET PROFIT MARGIN

Net Profit Margin	31.03.2014	31.03.2015	31.03.2016
	(INR In Million)	(INR In Million)	(INR In Million)
Sales	115874.959	91311.513	58721.562
Profit/ (Loss)	475.521	441.394	(1193.843)
	0.41 %	0.48 %	(2.03 %)

ABRIDGED BALANCE SHEET – (CONSOLIDATED)

SOURCES OF FUNDS	31.03.2016	31.03.2015
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	250.000	250.000
(b) Reserves and Surplus	1142.572	2336.415
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1392.572	2586.415
(3) Non-Current Liabilities
(a) long-term borrowings	261.876	257.495
(b) Deferred tax liabilities (Net)	41.952	58.874
(c) Other long-term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	303.828	316.369
(4) Current Liabilities
(a) Short-term borrowings	17136.111	13991.143
(b) Trade payables	18209.850	33044.169
(c) Other current liabilities	573.768	2383.195
(d) Short-term provisions	36.744	39.407
Total Current Liabilities (4)	35956.473	49457.914
TOTAL	37652.873	52360.698
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	830.322	880.656
(ii) Intangible Assets	0.000	0.000
(iii) Tangible assets capital work-in-progress	0.000	88.704
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	255.323	255.323
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term loans and advances	37.102	37.836
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1122.747	1262.519
(2) Current assets
(a) Current investments	2.571	3.077
(b) Inventories	372.493	486.666
(c) Trade receivables	30228.519	26145.475
(d) Cash and bank balances	1709.693	20994.287
(e) Short-term loans and advances	4109.258	3452.452
(f) Other current assets	107.592	16.222
Total Current Assets	36530.126	51098.179
TOTAL	37652.873	52360.698

PROFIT & LOSS ACCOUNT– (CONSOLIDATED)

	PARTICULARS	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	58721.562	91311.513
	Other Income	24.810	26.532
	TOTAL	58746.372	91338.045
Less	EXPENSES
	Cost of Materials Consumed	459.122	630.241
	Purchases of Stock-in-Trade	56660.330	88494.706
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	64.243	(0.266)
	Employee benefit expense	127.177	140.431
	CSR expenditure	0.000	11.403
	Other expenses	1152.015	327.153
	Prior period items before tax	61.304	0.000
	TOTAL	58524.191	89603.668
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	222.181	1734.377
Less	FINANCIAL EXPENSES	1424.936	991.976
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	(1202.755)	742.401
Less/ Add	DEPRECIATION/ AMORTISATION	90.382	71.268
	PROFIT/ (LOSS) BEFORE TAX	(1293.137)	671.133
Less	TAX	(99.294)	229.739
	PROFIT/ (LOSS) AFTER TAX	(1193.843)	441.394
	Earnings / (Loss) Per Share (INR)	(47.754)	17.656

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	Yes
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	No
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	Yes
33	Market information	--
34	Payments terms	No
35	Negative Reporting by Auditors in the Annual Report	No

STATE OF COMPANY'S AFFAIR AND FUTURE OUTLOOK

During the year, the Company has earned Total Income of INR 58746.372 Million as against INR 91338.045 Million in the preceding year. The Net loss was placed at INR 1193.843 Million as against Net Profit of INR 441.394 Million in the preceding year. Your Directors are exploring the possibilities of diversification in other lines of business and are taking every possible step to improve upon the performance of the Company which is expected to yield positive results in times ahead.

UNSECURED LOAN

Unsecured Loan	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Loans and advances from related parties	242.700	220.855
Short-term borrowings
Loans repayable on demand from banks	0.000	8664.837
Loans and advances from related parties	1580.574	1386.904
Total	1823.274	10272.596

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	C69122190	10600557	BANK OF INDIA (LEAD BANKER)	06/10/2015	-	-	21290000000.0	MID CORPORATE BRANCHTHAPAR HOUSE, BIRHANA ROADKANPURUP208001IN
2	C39486782	10541120	ORIENTAL BANK OF COMMERCE	04/12/2014	-	-	9000000.0	MALL ROADKANPURUP208004IN
3	C03938065	10490773	CORPORATION BANK	03/04/2014	-	-	500000000.0	MALL ROAD BRANCHKANPURUP208001IN
4	C05942990	10501569	ALLAHABAD BANK	28/03/2014	-	-	1500000000.0	15/287M.G. ROADKANPURUP208001IN
5	C00245969	10484282	PUNJAB NATIONAL BANK	06/03/2014	-	-	12400000.0	MALL ROADKANPURUP208001IN
6	B92163781	10466683	BANK OF INDIA	16/11/2013	-	-	4680000000.0	MID CORPORATE BRANCHTHAPAR HOUSE, BIRHANA ROADKANPURUP208001IN
7	C01119619	10461814	UNION BANK OF INDIA	31/10/2013	14/03/2014	-	4500000000.0	MAIN BRANCH,BIRHANA ROADKANPURUP208001IN
8	C39646799	10479508	ORIENTAL BANK OF COMMERCE	14/10/2013	09/01/2015	-	3435400000.0	MALL ROADKANPURUP208004IN
9	B83503185	10445924	State Bank of India	13/08/2013	-	-	4000000.0	SMECCC Division,Zonal Office, The Mall,KanpurUP208001IN
10	C18792812	10432214	BANK OF MAHARASHTRA	22/04/2013	19/05/2014	-	1510000000.0	17/3 B-MEGHDOOT BUILDINGMALL ROADKANPURUP208001IN

FIXED ASSETS

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

PRESS RELEASE

ROTOMAC MOVES HC UPON BEING DECLARED WILLFUL DEFAULTER BY BOB

April 13, 2017

The Allahabad High Court today directed pen manufacturer Rotomac Global Pvt Ltd to place on record details of any assets or installments paid to the Bank of Baroda - to which the company owes a sum of more than INR 5000.000 Million - since being declared a "willful defaulter".

A division bench comprising Chief Justice D B Bhosle and Justice Yashwant Verma passed the order on a petition filed by the company which had moved the court contending that it has been wrongly declared a "willful defaulter" by BoB despite having "offered assets worth more than INR 3000.000 Million to the bank since the date of default".

The company was declared a willful defaulter vide an order dated February 27 passed by an authorized committee.

Appearing on behalf of the bank, counsel Archana Singh said, "The company was declared wilful defaulter after following due procedure as laid down by the Reserve Bank of India in its master circular.

At present, the company has to pay INR 5500.000 Million to clear its debt."

She also alleged that the company's directors were "siphoning out money to other companies in order to avoid repayment of loan".

The court fixed April 18 as the next date of hearing in the matter.

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 records 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 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17

INFORMATION DETAILS

Information Gathered by :	KAM
Analysis Done by :	PRS
Report Prepared by :	KJL

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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.