MIRA INFORM REPORT

Report No. :	516213
Report Date :	23.06.2018

IDENTIFICATION DETAILS

Name :	DHANUKA LABORATORIES LIMITED
Registered Office :	82, Abhinash Mansion, 1st Floor, Joshi Road, Karol Bagh, New Delhi - 110005
Tel. No.:	91-11-64656800-02
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	24.02.1993
CIN No.: [Company Identification No.]	U24100DL1993PLC052285
Capital Investment / Paid-up Capital :	INR 100.396 Million
IEC No.: [Import-Export Code No.]	0598003959
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAACD2877R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of Drugs and Pharmaceuticals Ingredients. (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+	Low Risk	Business dealings permissible with low risk of default

Maximum Credit Limit :	USD 2900000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was incorporated in the year 1993. It is engaged in manufacturing of drugs and pharmaceuticals ingredients. As per the financial records of 2017, the company has achieved an average growth of 1.76% in its revenue as compared to the previous year and earned a net profit margin of 4.30%. Rating takes into consideration the company’s long established track record and healthy financial position backed by above average net worth base along with low debt balance sheet profile and comfortable liquidity position. Rating also takes into consideration the company’s favourable Earnings Per Share (EPS) of INR 150.25 as against its Face Value (FV) of INR 100. Business is active. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

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 (31.12.2017)	Current Rating (01.04.2018)
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

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 23.06.2018

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 BY

Name :	Mr. Rakesh
Designation :	Accountant
Contact No.:	91-11-64656800 / 02
Date :	20.06.2018

Management non-cooperative (Tel No.:91-11-23518981/2/3)

LOCATIONS

Registered Office :	82, Abhinash Mansion, 1^st Floor, Joshi Road, Karol Bagh, New Delhi – 110005, India
Tel. No.:	91-11-64656800-02
Fax No.:	91-11-43850614
E-Mail :	headoffice@dhanuka.com investors@dhanuka.com recruitment@dhanuka.com d11accounts@dhanuka.com
Website :	http://www.dhanuka.com
Location :	Commercial cum Industrial
Corporate Office :	14^th Floor, Building 5A, DLF Cyber Terrace, Cyber City, DLF Phase III, Gurugram - 122002, Haryana, India
Tel. No.:	91-124-3838500/ 3938900
Factory/ Warehouse:	7^th KM, Old Manesar Road, Khandsa Road, Mohammedpur, Sector 36A, Mohammedpur Jharsa, Gurugram – 122001, Haryana, India

DIRECTORS

As on 31.03.2018

Name :

Mr. Manish Dhanuka

Designation :

Managing Director

Address :

Cottage No 4 , 31 B, Rajpur Road , Civil Lines, Delhi -110054, India

Date of Birth/Age :

28.09.1967

Qualification :

M. Tech

Experience:

25 Years

Date of Appointment :

01.03.2014

PAN No.:

AAEPD0075G

DIN No :

00238798

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U24232DL2009PTC194500	SYNMEDIC LABORATORIES PRIVATE LIMITED	10/08/2015	-
U24239DL2006PTC144368	OTSUKA CHEMICAL (INDIA) PRIVATE LIMITED	02/01/2006	-
U51101DL2014PTC263829	A.M. BROS. FINTRADE PRIVATE LIMITED	22/01/2014	-
U74899DL1984PTC029568	COSMO COMPONENTS PRIVATE LIMITED	13/02/2007	-
U74899DL1990PTC040509	DUKE IMPEX PRIVATE LIMITED	15/06/1990	-

Name :

Mr. Rahul Dhanuka

Designation :

Director

Address :

Plot No. 95A, E-2 Lane, Eastern Avenue, Sainik Farms, New Delhi - 110062, India

Date of Birth/Age :

04.04.1975

Qualification :

B.SC and M.B.A

Date of Appointment :

AADPD2150P

PAN No.:

02.03.1999

DIN No :

00150140

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	01/05/2017	-
U51109DL2004PTC128122	GOLDEN OVERSEAS PRIVATE LIMITED	05/12/2005	-
U65921DL1984PLC018746	EXCLUSIVE LEASING AND FINANCE LIMITED	12/03/2018	-
U70101DL2005PTC135107	H D REALTORS PRIVATE LIMITED	30/09/2015	-
U74899DL1960PLC003276	NORTHERN MINERALS LIMITED	11/12/1995	-

Name :

Mridul Dhanuka

Designation :

Director

Address :

Plot No. 95B, E-2 Lane, Eastern Avenue, Sainik Farms, New Delhi - 110062, India

Date of Birth/Age :

20.10.1980

Qualification :

B Tech, MBA

Date of Appointment :

06.10.2005

PAN No.:

AFEPD9167L

DIN No :

00199441

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	24/05/2016	-
U24239DL2006PTC144368	OTSUKA CHEMICAL (INDIA) PRIVATE LIMITED	02/01/2006	-
U70101DL2005PTC135106	M D BUILDTECH PRIVATE LIMITED	20/04/2005	-
U72200DL2006PTC147749	DHANUKA INFOTECH PRIVATE LIMITED	30/09/2010	-
U74899DL1960PLC003276	NORTHERN MINERALS LIMITED	15/03/2007	-

Name :

Mrs. Seema Dhanuka

Designation :

Director

Address :

31-B, Rajpur Road, Cottage No-4, Delhi -110054, India

Date of Birth/Age :

26.05.1969

Qualification :

Commerce Graduate

Date of Appointment :

21.09.1996

PAN No.:

AAEPD0576A

DIN No.:

00455088

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U74899DL1984PTC018862	LIBERTY SALES PRIVATE LIMITED	13/02/2007	-

Name :

Mr. Arun Kumar Dhanuka

Designation :

Director

Address :

31-B, Cottage No. 4, Rajpur Road, Civil Lines, Delhi - 110054, India

Date of Birth/Age :

14.05.1957

Qualification :

Commerce Graduate

Date of Appointment :

24.02.1993

PAN No.:

AAFPD3685B

DIN No :

00627425

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	23/05/2007	-
U51101DL2014PTC263829	A.M. BROS. FINTRADE PRIVATE LIMITED	22/01/2014	-
U74899DL1960PLC003276	NORTHERN MINERALS LIMITED	08/08/1980	-
U74899DL1987PTC029586	GROWTH ADVERTISING AND MARKETING PRIVATE LTD	17/05/1990	-
U74899DL1990PTC040509	DUKE IMPEX PRIVATE LIMITED	13/02/2007	-

Name :

Mr. Mahendra Kumar Dhanuka

Designation :

Director

Address :

Plot No. 95-B, E-2 Lane, Eastern Avenue, Sainik Farm, New Delhi - 110062, India

Date of Birth/Age :

14.12.1954

Qualification :

Commerce Graduate

Date of Appointment :

02.03.1999

PAN No.:

AADPD9888L

DIN No.:

00628039

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
L24219DL1985PLC020126	DHANUKA AGRITECH LIMITED	13/02/1985	-
U51109DL2004PTC128122	GOLDEN OVERSEAS PRIVATE LIMITED	05/12/2005	-
U65991DL2013PTC262060	DHANUKA FINVEST PRIVATE LIMITED	12/12/2013	-
U70101DL2005PTC135106	M D BUILDTECH PRIVATE LIMITED	30/09/2010	-
U72200DL2006PTC147749	DHANUKA INFOTECH PRIVATE LIMITED	20/03/2006	-
U74994DL2006PTC147162	MADHURI DESIGNS-N-EXPORTS PRIVATE LIMITED	06/03/2006	-

Name :

Mr. Kunj Sonthalia

Designation :

Director

Address :

C-122, Sushant Apartments, Block-C, Sushant Lok-I, Gurgaon - 122001, Haryana, India

Date of Appointment :

30.09.2015

DIN No.:

00756382

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U51101DL2014PTC263829	A.M. BROS. FINTRADE PRIVATE LIMITED	30/09/2015	-

Name :

Mr. Naresh Kumar

Designation :

Director

Address :

House No.1071 Sector 36-C, Chandigarh -160036, Chandigarh, India

Date of Appointment :

30.09.2015

DIN No.:

01109265

Name :

Mrs. Urmila Dhanuka

Designation :

Director

Address :

Plot No. 95a,E-2 Lane,Eastern Avenue, Sainik Farm, New Delhi, New Delhi - 110062, India

Date of Birth/Age :

15.08.1951

Qualification :

Graduate

Date of Appointment :

24.10.2001

PAN No.:

AAAPD1027E

DIN No.:

01252045

Other Directorship :

CIN/FCRN	Company Name	Begin Date	End Date
U70101DL2005PTC135107	H D REALTORS PRIVATE LIMITED	30/09/2015	-

KEY EXECUTIVES

Name :	Mr. Rakesh
Designation :	Accountant
Name :	Mr. Sunil Kumar Gupta
Designation :	Chief Finance Office
Address :	H No. D1455sf, South City-2, Village - Teekri, District Gurugram - 122005, Haryana, India
Date of Birth / Age :	55 Years
Qualification :	B.Com, C.A
Experience :	31 Years
Date of Appointment :	05.04.2016
PAN No.:	ACFPG7868R
Name :	Ms. Anushree Bhatt
Designation :	Company Secretary
Address :	24, Pocket D, Mayur Vihar Phase-II, Delhi-110091, India
Date of Appointment :	05.04.2016
PAN No.:	AURPB4368D

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Ram Gopal Agarwal	76600
M.K. Dhanuka	67250
Urmila Dhanuka	40000
Uma Dhanuka	58500
Rahul Dhanuka	38400
Mridul Dhanuka	1000
Harsh Dhanuka	18850
Reema Khowala	1000
R.G. Agarwal (HUF)	12000
M.K. Dhanuka (HUF)	4400
Rahul Dhanuka (HUF)	2000
Mridul Dhanuka (HUF)	10000
Harsh Dhanuka (HUF)	10000
Arun Kumar Dhanuka	119560
Manish Dhanuka	187198
Arjun Dhanuka	30000
Mamta Dhanuka	49190
Seema Dhanuka	6151
Pushpa Dhanuka	57510
Manish Dhanuka (HUF)	6401
Arun Kumar Dhanuka (HUF)	1000
Pushpa Dhanuka	44970
Triveni Trust	161980
Total	1003960

Equity Share Break up (Percentage of Total Equity)

As on 31.03.2017

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

BUSINESS DETAILS

Line of Business :

Manufacturing of Drugs and Pharmaceuticals Ingredients. (Registered Activity)

Products :

Item Code No.	Product Description
29419090	Bulk Drugs and Pharmaceuticals

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 :

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

• Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Riad, Worli, Mumbai-400018, Maharashtra, India

• Corporation Bank, S.C.F 87/88, Shopping Area Complex, Sector-14, Gurugram-122001 Haryana India

• ICICI Bank Limited, Landmarkrace Cource Circle Alkapuri, Vadodara -390015, Gujarat, India

Facilities :

Secured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Other loans and advances, others	437.535	199.812
Short-term borrowings
Other loans and advances, others	239.787	176.135
Total	677.322	375.947

Auditors :
Name :	Goyal Malhotra and Associates Chartered Accountants
Address :	D-64 Ground Floor, Near Park Plaza, Hotel Sector 55, Noida, Uttar Pradesh, India
E-Mail :	mail@goyalmalhotra.com
PAN N Income-tax PAN of auditor or auditor's firm :	AAKFA1724D
Secretarial Audit Report :
Name :	Himanshu Sharma and Associates
Memberships :	Not Available
Collaborators :	Not Available
Joint venture :	· Otsuka Chemical (India) Private Limited, India U24239DL2006PTC144368
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :	· Dhanuka Agritech Limited, India L24219DL1985PLC020126
Others Realated party:	· Synmedic Laboratories, India · IKO Overseas, India

CAPITAL STRUCTURE

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
1050000	Equity Shares	INR 100/- each	INR 105.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1003960	Equity Shares	INR 100/- each	INR 100.396 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	100.396	100.396	60.395
(b) Reserves and Surplus	906.793	755.950	576.145
(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)	1007.189	856.346	636.540
(3) Non-Current Liabilities
(a) long-term borrowings	797.748	430.325	245.763
(b) Deferred tax liabilities (Net)	80.781	70.834	62.274
(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)	878.529	501.159	308.037
(4) Current Liabilities
(a) Short-term borrowings	239.787	176.135	295.158
(b) Trade payables	703.324	698.073	760.056
(c) Other current liabilities	55.641	56.009	56.861
(d) Short-term provisions	63.086	50.874	42.374
Total Current Liabilities (4)	1061.837	981.091	1154.449
TOTAL	2947.555	2338.596	2099.026
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	473.159	453.297	454.650
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Tangible assets capital work-in-progress	416.919	49.139	6.591
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	442.146	403.465	363.312
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	0.000	0.000	0.000
(e) Other Non-current assets	16.676	6.000	0.346
Total Non-Current Assets	1348.900	911.901	824.899
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	399.284	404.142	436.371
(c) Trade receivables	880.816	730.245	669.837
(d) Cash and bank balances	58.557	139.936	3.271
(e) Short-term loans and advances	132.532	94.626	125.562
(f) Other current assets	127.466	57.746	39.086
Total Current Assets	1598.655	1426.695	1274.127
TOTAL	2947.555	2338.596	2099.026

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	3510.860	3450.184	3480.610
	Other Income	22.528	88.065	97.877
	TOTAL	3533.388	3538.249	3578.487
Less	EXPENSES
	Cost of Materials Consumed	2879.851	2683.909	2847.413
	Purchases of Stock-in-Trade	0.000	0.000	0.000
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(97.200)	78.425	(32.313)
	Employee benefit expense	127.362	104.879	89.772
	CSR expenditure	2.613	2.418	0.000
	Other expenses	348.456	369.066	368.786
	TOTAL	3261.082	3238.697	3273.658
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	272.306	299.552	304.829
Less	FINANCIAL EXPENSES	39.188	46.526	62.861
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	233.118	253.026	241.968
Less/ Add	DEPRECIATION/ AMORTISATION	31.069	29.586	27.621
	PROFIT/ (LOSS) BEFORE TAX	202.049	223.440	214.347
Less	TAX	51.206	43.636	28.847
	PROFIT/ (LOSS) AFTER TAX	150.843	179.804	185.500
	Earnings / (Loss) Per Share (INR)	150.25	179.09	184.77

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	22.353	141.030	278.872
Net cash flow from operating activity	(21.236)	105.926	234.603

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	91.57	77.25	70.24
Account Receivables Turnover (Income / Sundry Debtors)	3.99	4.72	5.20
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	89.14	94.93	97.43
Inventory Turnover (Operating Income / Inventories)	0.68	0.74	0.70
Asset Turnover (Operating Income / Net Fixed Assets)	0.31	0.60	0.66

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.63	0.60	0.67
Debt Equity Ratio (Total Liability / Networth)	1.03	0.71	0.85
Current Liabilities to Networth (Current Liabilities / Net Worth)	1.05	1.15	1.81
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.88	0.59	0.72
Interest Coverage Ratio (PBIT / Financial Charges)	6.95	6.44	4.85

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	4.30	5.21	5.33
Return on Total Assets ((PAT / Total Assets) * 100)	%	5.12	7.69	8.84
Return on Investment (ROI) ((PAT / Networth) * 100)	%	14.98	21.00	29.14

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	1.51	1.45	1.10
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.13	1.04	0.73
G-Score Ratio Financial (Networth / Total Assets)	0.34	0.37	0.30
G-Score Ratio Debt (Debts / Equity Capital)	10.33	6.04	8.96
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.51	1.45	1.10

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	60.395	100.396	100.396
Reserves & Surplus	576.145	755.950	906.793
Net worth	636.540	856.346	1007.189
Long-term borrowings	245.762	430.325	797.747
Short term borrowings	295.158	176.135	239.787
Total borrowings	540.920	606.460	1037.534
Debt/Equity ratio	0.850	0.708	1.030

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	3480.610	3450.184	3510.860
		(0.874)	1.759

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	3480.610	3450.184	3510.860
Profit/ (Loss)	185.500	179.804	150.843
	5.33 %	5.21 %	4.30 %

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	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	Litigations that the firm/promoter involved in	--
32	Market information	--
33	Payments terms	No
34	Negative Reporting by Auditors in the Annual Report	No

STATE OF COMPANY’S AFFAIRS - FINANCIAL HIGHLIGHTS

During the Financial Year, the Company earned Profit before Tax of INR 202.049 Million in comparison to INR 223.440 Million during the previous year and an amount of INR 150.843 Million has been transferred to the Reserves.

UNSECURED LOAN

Unsecured Loan	31.03.2017 (INR in Million)	31.03.2016 (INR in Million)
Long-term Borrowings
Loans and advances from others	360.213	230.513
Total	360.213	230.513

INDEX OF CHARGES:

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G12097200	100048061	DBS BANK LTD. (As Security Trustee)	11/07/2016	24/08/2016	-	100500000.0	CAPITAL POINT, BABA KHARAK SINGH MARG CONNAUGHT PLACE, NEW DELHI-110001 INDIA
2	G11198405	10617282	The Hongkong and Shanghai Banking Corporation Limited	14/01/2016	24/08/2016	-	100000000.0	25, BARAKHAMBA ROAD,NEW DELHI-110001 NEW DELHI-110001 INDIA
3	G33435710	10602582	HSBC Bank (Mauritius) Limited	21/10/2015	20/12/2016	-	390909000.0	6TH FLOOR, HSBC CENTRE,18 CYBERCITY, EBENE, MAURITIUSNANAMU
4	G12096459	10600227	DBS BANK LTD.	07/10/2015	24/08/2016	-	180000000.0	CAPITAL POINT, BABA KHARAK SINGH MARGCONNAUGHT PLACE,NEW DELHI-110001 INDIA
5	G53184974	10328109	YES BANK LIMITED	20/12/2011	03/06/2017	-	300000000.0	9TH FLOOR,NEHRU CENTRE,DISCOVERY OF INDIA,DR. ANNIE BESANT RIAD,WORLI, MUMBAI-400018 MAHARASHTRA INDIA
6	G78373487	10174226	HDFC BANK LIMITED	12/08/2009	09/01/2018	-	130000000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL W MUMBAI-400013 MAHARASHTRA INDIA
7	G45106382	10054143	INDUSIND BANK LTD.	12/04/2007	24/08/2016	-	200000000.0	2401 GEN THIMMAYYA ROAD CONTONMENT PUNE-411001 MAHARASHTRA INDIA
8	B44326981	80000210	HDFC BANK LIMITED	13/07/2005	01/06/2012	-	100000000.0	HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA
9	G69358414	10480791	Corporation Bank	03/02/2014	-	30/11/2017	1100000.0	S.C.F 87/88, SHOPPING AREA COMPLEX,SECTOR-14 GURGAON-122001 HARYANA INDIA
10	G60758604	10025720	ICICI BANK LIMITED	13/10/2006	-	24/10/2017	63000000.0	LANDMARKRACE COURCE CIRCLE ALKAPURI VADODARA -390015 GUJARAT INDIA

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2017	31.03.2016
Other money for which company is contingently liable	6.360	6.360

FIXED ASSETS

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· 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 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 68.08
UK Pound	1	INR 89.59
Euro	1	INR 78.83

INFORMATION DETAILS

Information Gathered by :	SWT
Analysis Done by :	NYT
Report Prepared by :	RKI

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.