MIRA INFORM REPORT

Report No. :	495148
Report Date :	05.03.2018

IDENTIFICATION DETAILS

Name :	GOLDMOHUR DESIGN AND APPAREL PARK LIMITED
Registered Office :	Dada Saheb Phalke Road, Dadar (East), Mumbai – 400014, Maharashtra
Tel. No.:	91-22-64568424
Country :	India
Financials (as on) :	31.03.2016
Date of Incorporation :	13.11.2007
Com. Reg. No.:	11-195402
Capital Investment / Paid-up Capital :	INR 58.500 Million
CIN No.: [Company Identification No.]	U17291MH2007GOI195402
IEC No.: [Import-Export Code No.]	Not Divulged
CST/ TIN No.:	27600675902
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AADCG1613M
GSTN : [Goods & Service Tax Registration No.]	27AADCG1613M1ZN
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	The Company is engaged in the business of manufacturing and trading of textiles. To carry on the business of owning, operating and running the textile mill and any other manufacturing business within the textile sector. (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 is a joint venture between “National Textile Corporation Limited” and “Future Enterprises Limited” with 51% and 39% stake respectively. It was incorporated in the year 2007. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a growth of 23.94% in its revenue as compared to its previous year’s revenue and has reported average profit margin of 2.51%. Rating takes into consideration the company’s satisfactory track record of business operations marked by sound networth base along with zero debt balance sheet and decent liquidity position. Rating also takes into account the strong financial and managerial support received from its joint venture companies. Further, the company has reported a good earnings per share of INR 13.06 against its face value of INR 10. 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	Not Available
Rating	Not Available
Rating Explanation	Not Available
Date	Not Available

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 31-03-2016.

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 05.03.2018

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.: 91-22-64568424)

LOCATIONS

Registered Office :	Dada Saheb Phalke Road, Dadar (East), Mumbai – 400014, Maharashtra, India
Tel. No.:	91-22-64568424-31 (8 lines)
Fax No.:	Not Available
E-Mail :	ceo@goldmohurpark.in

DIRECTORS

As on 31.03.2017

Name :

Mr. Shamsher Bahadur Singh Kathpal

Designation :

Director

Address :

48, Sidharath Apartments, Behind Inder Enclave, Rohtak Road, New Delhi – 110087, India

Date of Appointment :

26.09.2017

DIN No.:

03225016

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L25209UP1970PLC003320	SWADESHI POLYTEX LTD	26/08/2010	-
U17291MH2007GOI195489	INDIA UNITED TEXTILE MILL LIMITED	26/09/2017	-
U17121MH2007GOI195403	AURANGABAD TEXTILES AND APPAREL PARKS LIMITED	26/09/2017	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	26/09/2017	-
U17291MH2007GOI195493	NEW CITY OF BOMBAY MFG. MILLS LIMITED	26/09/2017	-

Name :

Mr. Rakesh Kumar Sinha

Designation :

Director

Address :

Flat No. 13, Pocket-2, Sector-19, Dwarka, New Delhi – 110075, India

Date of Birth/Age :

20.07.1962

Qualification :

B.Sc, Msw, L.L.B

Date of Appointment :

26.09.2014

PAN No.:

AHSPS4147D

DIN No.:

03391787

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17291MH2007GOI195489	INDIA UNITED TEXTILE MILL LIMITED	26/09/2014	-
U17121MH2007GOI195403	AURANGABAD TEXTILES AND APPAREL PARKS LIMITED	26/09/2014	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	26/09/2014	-
U74899DL1968GOI004866	NATIONAL TEXTILE CORPN LIMITED	13/03/2015	-
U17291MH2007GOI195493	NEW CITY OF BOMBAY MFG. MILLS LIMITED	26/09/2014	-
L25209UP1970PLC003320	SWADESHI POLYTEX LTD	05/08/2013	-

Name :

Mr. Anil Poruthala Cherian

Designation :

Director

Address :

801/343, New Kalpataru, Srishti, Sector 3, Mira Bhayander, Thane – 401107, Maharashtra, India

Date of Birth/Age :

27.05.1973

Qualification :

B.Com, LLB, ACS

Date of Appointment :

26.09.2014

PAN No.:

AFUPC4543B

DIN No.:

05126014

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200MH2004PLC146312	KB MALL MANAGEMENT COMPANY LIMITED	28/09/2012	-
U45203MH2013PTC248056	GATI REALTORS PRIVATE LIMITED	30/09/2017	-
U45400MH2011PTC224924	FUTURE TRADE MARKETS PRIVATE LIMITED	14/12/2011	-
U51909MH2008PLC181060	FUTURE RETAIL DESTINATION LIMITED	02/08/2012	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	26/09/2014	-
U70102MH2006PTC161884	RIDDHI SIDDHI MALL MANAGEMENT PRIVATE LIMITED	27/09/2012	-

Name :

Mr. Sukumar Arunachalam

Designation :

Director

Address :

2/B, 406, Dream Complex, Opposite Pawar Public School, L.B.S. Marg, Bhandup (West), Mumbai – 400078, Maharashtra, India

Date of Appointment :

13.09.2016

DIN No.:

06624132

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17291MH2007GOI195489	INDIA UNITED TEXTILE MILL LIMITED	13/09/2016	-
U17121MH2007GOI195403	AURANGABAD TEXTILES AND APPAREL PARKS LIMITED	26/09/2016	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	13/09/2016	-
U17291MH2007GOI195493	NEW CITY OF BOMBAY MFG. MILLS LIMITED	26/09/2016	-

Name :

Mr. Anil Gupta

Designation :

Director

Address :

B-202, Ambience Lagoon Apartment, Ambience Island, Sector-24, NH-8, Gurugram – 122016, Haryana, India

Date of Birth/Age :

16.11.1961

Date of Appointment :

13.09.2016

PAN No.:

ABGPG3014R

DIN No.:

07319209

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L25209UP1970PLC003320	SWADESHI POLYTEX LTD	19/05/2017	-
U74899DL1968GOI004866	NATIONAL TEXTILE CORPN LIMITED	30/09/2015	-
U17291MH2007GOI195489	INDIA UNITED TEXTILE MILL LIMITED	13/09/2016	-
U17121MH2007GOI195403	AURANGABAD TEXTILES AND APPAREL PARKS LIMITED	26/09/2016	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	13/09/2016	-
U17291MH2007GOI195493	NEW CITY OF BOMBAY MFG. MILLS LIMITED	26/09/2016	-

Name :

Lynette Robert Monteiro

Designation :

Director

Address :

E-702,Bestech Park View Spa Next, Off Golf Course Extn Road, Sector 67, Near Ireo Victory Valley, Bad Shahpur, Gurugram – 122101, Haryana, India

Date of Appointment :

26.09.2017

DIN No.:

07901400

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	26/09/2017	-

Name :

Mr. Sunil Biyani

Designation :

Additional Director

Address :

2302/23rd Floor, Vivarea Tower B-2, Sane Guruji Marg, Hindustan Spinning Mills and Wire Mills Compound, Mumbai – 400011, Maharashtra, India

Date of Appointment :

19.12.2017

DIN No.:

00006583

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70109DL2006PTC152581	UTILITY DEVELOPERS PRIVATE LIMITED	30/09/2013	-
U14299RJ2017PTC058671	SHWET MINCHEM PRIVATE LIMITED	27/07/2017	-
U93020MH2006PTC166332	SPLENDOR FITNESS PRIVATE LIMITED	20/12/2006	-
U14100MH2017PTC289578	IRAA MINERALS PRIVATE LIMITED	30/12/2017	-
U14290MH2017PTC294387	SBRI MINERALS PRIVATE LIMITED	27/04/2017	-
U14294RJ2017PTC058670	DHAWAL MINCHEM PRIVATE LIMITED	27/07/2017	-
U70100MH2004PTC148032	BARTRAYA MALL DEVELOPMENT COMPANY PRIVATE LIMITED	16/08/2004	-
U14100MH2011PTC216518	IRS MINERALS PRIVATE LIMITED	30/09/2017	-
L51900MH1981PLC024988	GALAXY ENTERTAINMENT CORPORATION LIMITED	28/09/2011	-
L45400MH2008PLC179914	FUTURE MARKET NETWORKS LIMITED	30/05/2013	-
U17120MH1984PTC032719	FUTURE REALTORS INDIA PRIVATE LIMITED	15/09/1988	-
U51109MH2010PTC207436	OVIYA MULTITRADING PRIVATE LIMITED	23/08/2011	-
U99999MH1987PLC044078	PIL INDUSTRIES LIMITED	01/04/2010	-
U28920MH2000PLC126290	STRIPES APPARELS LIMITED	28/04/2006	-
U70109WB1998PTC087521	SUN CITY PROPERTIES PRIVATE LIMITED	13/05/2016	-
U51109MH2010PTC207475	WHITE KNIGHT MERCANTILE PRIVATE LIMITED	23/08/2011	-
U51101DL2008PTC184935	STAR SHOPPING CENTRES PRIVATE LIMITED	30/09/2009	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	22/12/2008	-

Name :

Mr. Srinivas Sarvepalli

Designation :

Additional Director

Address :

18 A, X Tower T G B Meghdutam F Block, Meghdutam Park, Sector 50, Noida, Gautam Buddha Nagar – 201301, Uttar Pradesh, India

Date of Appointment :

19.12.2017

DIN No.:

02292051

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U17299UP1983GOI005974	NATIONAL HANDLOOM DEVELOPMENT CORPORATION LIMITED	01/05/2013	-
U74899DL1968GOI004866	NATIONAL TEXTILE CORPN LIMITED	18/12/2017	-
U17291MH2007GOI195397	APOLLO DESIGN APPAREL PARKS LIMITED	19/12/2017	-
U74140DL2014PLC264795	BHARAT HANDLOOM MARKETING COMPANY LIMITED	12/02/2014	-

KEY EXECUTIVES

Name :	Mr. Arun Shiva Bhandari
Designation :	Company Secretary
Address :	A/201, Shree Saryu CHS Limited, Prabhat Residential Complex, Toll Naka, Dahisar (East), Mumbai – 400068, Maharashtra, India
Date of Appointment :	04.01.2014
PAN No.:	AEPPB8118K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
National Textile Corporation Limited, India	2983494
Prem Chandra Vaish	1
Alokendra Banerjee	1
Rakesh Kumar Sinha	1
Anil Gupta	1
Sukumar Arunachalam	1
Shamsher Bahadur Singh	1
Pantaloon Retail (India) Limited (Presently known as Future Enterprises Limited)	2281500
S.B.P.L Infrastructure Limited, India	526500
Sri Nav Durga Textile Processors Private Limited, India	58500
Total	5850000

Equity Share Break up (Percentage of Total Equity)

As on 26.09.2017

Category	Percentage
Promoters (Government-Government companies)	51.00
Public/Other than promoters (Body corporate)	49.00
Total	100.00

BUSINESS DETAILS

Line of Business :

• The Company is engaged in the business of manufacturing and trading of textiles.

• To carry on the business of owning, operating and running the textile mill and any other manufacturing business within the textile sector.

(Registered Activity)

Products/ Services :

Item Code No.	Product/ Services Description
62052000	Men's or Boy's Shirts of Cotton
62034200	Trousers, Bib and Brace, Overall Breeches and Shorts Pf Cotton For Men's and Boys
52091190	Others

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference :	Not Divulged
Name of the Person :	--
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	Not Divulged
Branch	Not Divulged
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)	--

Auditors :
Name :	R S P H and Associates Chartered Accountants
Address :	906, Vikram Tower, 16, Rajendra Place, New Delhi -110008, India
Income-tax PAN of auditor or auditor's firm :	AAMFR4760N
Memberships :	Not Available
Collaborators :	Not Available
Holding Company :	National Textile Corporation Limited (CIN No.: U74899DL1968GOI004866)
Joint Venture : (As on 31.03.2016)	Future Enterprises Limited SBPL Infrastructure Limited Sri Navadurga Textile Processors Private Limited
Fellow Subsidiary Companies : (As on 31.03.2016)	Apollo Design Apparel Parks Limited Aurangabad Textiles and Apparel Parks Limited New City of Bombay Manufacturing Mills Limited India United Textiles Mills Limited Swadeshi Mining and Manufacturing Company Limited

CAPITAL STRUCTURE

As on 26.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	INR 10/- each	INR 60.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5850000	Equity Shares	INR 10/- each	INR 58.500 Million

FINANCIAL DATA

[all figures are in INR 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	58.500	58.500	58.500
(b) Reserves and Surplus	921.494	880.324	843.714
(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)	979.994	938.824	902.214
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	4.986	6.045	7.775
(c) Other long-term liabilities	0.000	0.000	0.000
(d) long-term provisions	3.094	1.378	1.024
Total Non-current Liabilities (3)	8.080	7.423	8.799
(4) Current Liabilities
(a) Short-term borrowings	0.000	0.000	0.000
(b) Trade payables	186.190	81.362	24.181
(c) Other current liabilities	1.929	3.294	2.325
(d) Short-term provisions	38.292	38.307	36.131
Total Current Liabilities (4)	226.411	122.963	62.637
TOTAL	1214.485	1069.210	973.650
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	76.241	79.574	84.853
(ii) Intangible Assets	0.006	0.056	0.158
(iii) Tangible assets capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	3.312	3.312	3.312
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	79.559	82.942	88.323
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	26.804	16.960	31.312
(c) Trade receivables	986.703	948.677	474.832
(d) Cash and bank balances	74.042	18.866	5.996
(e) Short-term loans and advances	47.056	1.456	369.794
(f) Other current assets	0.321	0.309	3.393
Total Current Assets	1134.926	986.268	885.327
TOTAL	1214.485	1069.210	973.650

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Total Revenue from operations	3047.719	2459.057	1531.528
	Other Income	4.600	23.135	39.301
	TOTAL	3052.319	2482.192	1570.829
Less	EXPENSES
	Cost of Materials Consumed	207.099	121.391	172.909
	Purchases of Stock-in-Trade	2672.993	2196.647	1250.892
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(10.804)	9.302	7.725
	Employee benefit expense	46.103	33.441	29.118
	Other expenses	16.661	12.798	10.641
	Extraordinary items before tax	(1.696)	(4.019)	(1.526)
	TOTAL	2930.356	2369.560	1469.759
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	121.963	112.632	101.070
Less	FINANCIAL EXPENSES	0.000	0.000	0.000
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	121.963	112.632	101.070
Less/ Add	DEPRECIATION/ AMORTISATION	4.567	4.735	3.844
	PROFIT/ (LOSS) BEFORE TAX	117.396	107.897	97.226
Less	TAX	41.022	35.923	30.659
	PROFIT/ (LOSS) AFTER TAX	76.374	71.974	66.567
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	165.771	136.199	110.283
Less	APPROPRIATIONS
	Proposed Dividend	29.250	29.250	29.250
	Provision for Taxation on Proposed Dividend	5.955	5.955	4.745
	Transfer to General Reserve	7.637	7.197	6.656
	Balance Carried to the B/S	199.303	165.771	136.199
	Earnings / (Loss) Per Share (INR)	13.06	12.30	11.38

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
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	127.068	(314.851)	97.159
Net cash flow from operating activity	86.965	(344.232)	73.085

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	118.17	140.81	113.16
Account Receivables Turnover ( Income / Sundry Debtors)	3.09	2.59	3.23
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	23.60	12.81	6.20
Inventory Turnover (Operating Income / Inventories)	4.55	6.64	3.23
Asset Turnover (Operating Income / Net Fixed Assets)	1.60	1.41	1.19

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.19	0.12	0.06
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.23	0.13	0.07
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.08	0.08	0.09
Interest Coverage Ratio (PBIT / Financial Charges)	0.00	0.00	0.00

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin [(PAT / Sales) * 100]	%	2.51	2.93	4.35
Return on Total Assets ((PAT / Total Assets) * 100)	%	6.29	6.73	6.84
Return on Investment (ROI) ((PAT / Networth) * 100)	%	7.79	7.67	7.38

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	5.01	8.02	14.13
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	4.89	7.88	13.63
G-Score Ratio Financial (Networth / Total Assets)	0.81	0.88	0.93
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	5.01	8.02	14.13

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	58.500	58.500	58.500
Reserves & Surplus	843.714	880.324	921.494
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	902.214	938.824	979.994
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	1531.528	2459.057	3047.719
		60.562	23.939

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	1531.528	2459.057	3047.719
Profit/ (Loss)	66.567	71.974	76.374
	4.35 %	2.93 %	2.51 %

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check list by info agents	Available in Report (Yes/No)
1	Year of establishment	Yes
2	Constitution of the entity -Incorporation details	Yes
3	Locality of the entity	Yes
4	Premises details	No
5	Buyer visit details	--
6	Contact numbers	Yes
7	Name of the person contacted	No
8	Designation of contact person	No
9	Promoter’s background	Yes
10	Date of Birth of Proprietor / Partners / Directors	Yes
11	Pan Card No. of Proprietor / Partners	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	No
21	Banking facility details	No
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	No
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

BACKGROUND (As on 31.03.2016)

The Company have been incorporated in India on November 13, 2007 with the objective to carry on the business of owning, operating and running the textile mill and any other manufacturing business within the textile sector. The Company is incorporated as a Special Purpose Vehicle (SPV) under the provisions of the Companies Act, 1956 wherein 51% shares are held by National Textile Corporation Limited (NTC) (Holding Company) which will act as a Joint Venture Company between National Textile Corporation Limited and Future Retail Limited (Formerly Known as Pantaloon Retail (India) Limited) and SBPL Infrastructure Limited and Sri Navadurga Textile Processors Private Limited (collectively called as Strategic Partners).

OPERATIONS (As on 31.03.2016)

The Company achieved a total turnover of INR 3047.700 Million and profit after tax of INR 76.400 Million in the year 2015-16.

During the year, the turnover of the Company was increased by 23.94% compared to the year 2014-15 largely due to increased trading in textiles.

During the year, the Board continued its deliberation on the way forward on implementation of original business plan but could not conclude on the matter.

The Alternate Business Plan as approved by the Board has been implemented and the Company is operating on the basis of Alternative Business Plan.

During the year the Board of Directors have approved an interim expansion plan subject to necessary approval/permission of the authorities for enhancing manufacturing capacity at the existing facility and the plan is expected to be completed in the coming financial year.

INDUSTRY OUTLOOK (As on 31.03.2016)

The overall business outlook is promising. The Company being part of the consumption industry, any increase in consumption demand would help the Company in its business. The Company is continuously striving to create a diversified product portfolio to de-risk the sluggishness or lack of demand for any product and to ensure optimum capacity utilisation.

INDEX OF CHARGES

No Charges Exists for Company

FIXED ASSETS

• Land
• 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 65.22
UK Pound	1	INR 89.70
Euro	1	INR 79.50

INFORMATION DETAILS

Information Gathered by :	SUP
Analysis Done by :	VIV
Report Prepared by :	SUD

SCORE FACTORS

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