MIRA INFORM REPORT

Report No. :	506347
Report Date :	04.05.2018

IDENTIFICATION DETAILS

Name :	PARAMOUNT LIMITED (w.e.f 26.10.1988)
Formerly Known As :	PARAMOUNT POLLUTION CONTROL LIMITED
Registered Office :	Paramount Complex, Near Natubhai Circle, Gotri Road, Race Course, Vadodara – 390007, Gujarat, India
Tel. No.:	91-265-2397111
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	17.12.1976
Com. Reg. No.:	04-002956
Capital Investment / Paid-up Capital :	INR 30.000 Million
CIN No.: [Company Identification No.]	U74120GJ1976PLC002956
IEC No.: [Import-Export Code No.]	0888001886
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
PAN No.: [Permanent Account No.]	AABCP6509P
TIN No.:	24190101553
GSTN : [Goods & Service Tax Registration No.]	24AABCP6509P1Z3
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged in the business of Turnkey project in the field of Environmental Engineers and Consultants. [Registered Activity]
No. of Employees :	Not Divulged

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

Maximum Credit Limit :	USD 1323000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 1976 and it is engaged in the business of EPC (Engineering, Procurement and Construction) projects in the field of waste water treatment, treatment of effluents, and environmental management. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year along with thin profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and comfortable debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its extensive experience and technical expertise of the promoters. However, these rating strengths gets partially offset by intense competitive pressures from the company’s established peer group, vulnerability of its profitability to adverse fluctuations in project contract expenses. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealing 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	ICRA
Rating	Cash Credit Limit = BBB
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	13.02.2017

Rating Agency Name	ICRA
Rating	Letter of credit limit = A3+
Rating Explanation	Moderate degree of safety and higher credit risk
Date	13.02.2017

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 04.05.2018

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 DECLINED BY

Name :	Mr. Hemant Prajapati
Designation :	Not Divulged
Contact No.:	91-9327238503
Date :	02.05.2018

LOCATIONS

Registered Office/ Head Office :	Paramount Complex, Near Natubhai Circle, Gotri Road, Race Course, Vadodara – 390007, Gujarat, India
Tel. No.:	91-265-2397111 (7 Lines)
Mobile No.:	91-9327238503 [Mr. Hemant Prajapati]
Fax No.:	91-265-2398251
E-Mail :	finance@paramountlimited.com sales@paramountlimited.com electpurchase@paramountlimited.com
Website :	www.paramountlimited.com
Mumbai Office:	213, Champaklal industrial Estate, 105 Sion (East), Mumbai - 400022, Maharashtra, India
Tel. No.:	91-22-24073108/ 24078105
Fax No.:	91-22 -24078106
E-Mail :	paramountmumbai@vsnl.com
Delhi Office :	B-1/26/1 D.D.A. Safdarjung Enclave, New Delhi - 110029, India
Tel. No.:	91-11-26186525
Fax No.:	91-11-26186369
E-Mail :	ppcldll@bol.net.in
Chennai Office :	"Venkata Vijayam" Apartment, Flat No. 6, 2nd Floor, 11th South Road (Old No. 9), West CIT Nagar, Chennai - 600035, Tamilnadu, India
Tel. No.::	91-44-24350272/ 24350273
Fax No.:	91-44-24340281
E-mail :	mprparamount@vsnl.net
Paramount Middle East (Kuwait) Office :	Refrigeration and Oxygen Limited, Area #1, Block #21 C, Central Slaughter House street, Shuwaikh Industrial Area, P.O Box 501, Safat 13006, Kuwait
E-Mail :	sales@paramountlimited.com
Refinery Plant :	C/o Oil India Limited, 5000 KLPD Effluent Treatment Plant (ETP), Tengaghat, Duliajan, District Dibrugarh-786602, Assam, India

DIRECTORS

AS ON: 31.03.2017

Name :

Mr. Sandesh Kumar Jagannath Anand

Designation :

Director

Address :

A/17, Chanakyapuri, New Sama Road, Vadodara - 390008, Gujarat, India

Date of Appointment :

23.01.2010

DIN No.:

00001792

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L23200GJ1969PLC001569	INDIAN PETROCHEMICALS CORPORATION LIMITED	04/06/2002
L24110GJ1970PLC001735	DEEPAK NITRITE LIMITED	04/08/2012
U17119GJ1992PLC017745	SUNRISE INDUSTRIES (INDIA) LIMITED	10/10/2009
U24100GJ2011PLC064669	DEEPAK PHENOLICS LIMITED	07/08/2015
U85110GJ2010PTC060687	OPTIMUM DIAGNOSTICS AND RESEARCH PRIVATE LIMITED	30/09/2014

Name :

Mr. Padmanabh Pundrikray Vora

Designation :

Director

Address :

Flat No. 503-504, 5th Floor, "A" Wing, Mount Everest Tower, Bhakti Park, Wadala, Mumbai-400037, Maharashtra, India

Date of Appointment :

20.10.2015

DIN No.:

00003192

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L67190MH2008PLC183216	RELIANCE HOME FINANCE LIMITED	14/07/2009
L74210MH1999PLC122886	J. KUMAR INFRAPROJECTS LIMITED	16/09/2014
U28113MH2004PTC149620	RAMA CYLINDERS PRIVATE LIMITED	31/07/2008
U65910GJ1994PTC082668	PAHAL FINANCIAL SERVICES PRIVATE LIMITED	29/09/2015
U65910MH1995PLC220528	RELIANCE CAPITAL TRUSTEE CO LTD	24/07/2007
U65922GJ2015PTC085079	KIFS HOUSING FINANCE PRIVATE LIMITED	02/09/2016
U67120MH2008PTC184042	RELIANCE COMMERCIAL FINANCE PRIVATE LIMITED	14/07/2009
U72400MH2004PLC147094	NSDL DATABASE MANAGEMENT LIMITED	05/07/2012
U85110GJ2000PTC039121	STERLING ADDLIFE INDIA PRIVATE LIMITED	25/09/2010

Name :

Mr. Kanubhai Shakarabhai Patel

Designation :

Director

Address :

20, Shantikunj Society,Near Vmc Ward Office No.6, Akota, Baroda-390020, Gujarat, India

Date of Appointment :

03.06.2017

DIN No.:

00008395

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L31100GJ1967PLC001437	VOLTAMP TRANSFORMERS LIMITED	11/02/2010

Name :

Mr. Kewalkrishna Gurucharandas Tuli

Designation :

Director

Address :

76, Vishwas Colony, Alkapuri, Baroda-390005, Gujarat, India

Date of Birth/Age :

08.02.1938

Qualification :

BE CIVIL

Date of Appointment :

30.03.2004

PAN No.:

AAXPT4955G

DIN No.:

00014349

Other Directorship :

CIN/FCRN	Company Name	Begin Date
U23200GJ2012PTC070616	PARAMOUNT GRINDLY PETROCHEMICALS PRIVATE LIMITED	06/06/2012
U32109GJ1989PLC012566	POLCON EQUIPMENTS LIMITED	18/09/2015
U72200GJ2003PLC042802	SPECTRA DYNAMICS LIMITED	01/12/2005
U74140GJ1986PLC008842	PARAMOUNT CONSULTANCY SERVICES LIMITED	21/04/2011
U74210GJ1987PLC010016	PARAMOUNT TECHNOLOGIES LIMITED	21/04/2011

Name :

Mr. Anil Shreedhar Kane

Designation :

Director

Address :

A-15, Sahyog Society Gorwa Road, Baroda-390016, Gujarat, India

Date of Appointment :

30.09.2003

DIN No.:

00019394

Other Directorship :

CIN/FCRN	Company Name	Begin Date
U17119GJ1992PLC017745	SUNRISE INDUSTRIES (INDIA) LIMITED	10/10/2009
U24302MH1968PTC014055	CHAMPION JOINTINGS PRIVATE LIMITED	30/09/1981

Name :

Mr. Samir Kewalkrishna Tuli

Designation :

Managing Director

Address :

7, Square Park Society, Lions Hall Club, Old Padra Road, Vadodara-390015, Gujarat, India

Date of Birth/Age :

05.11.1965

Qualification :

BE (EC) AND MBA

Date of Appointment :

15.04.2003

PAN No.:

AAXPT4954H

DIN No.:

00082704

Other Directorship :

CIN/FCRN	Company Name	Begin Date
U23200GJ2012PTC070616	PARAMOUNT GRINDLY PETROCHEMICALS PRIVATE LIMITED	06/06/2012
U32109GJ1989PLC012566	POLCON EQUIPMENTS LIMITED	06/08/2011
U67120MH1984PTC034735	TULI PATEL INVESTMENT PVT LTD	21/04/2011
U72200GJ2003PLC042802	SPECTRA DYNAMICS LIMITED	01/12/2005
U74140GJ1986PLC008842	PARAMOUNT CONSULTANCY SERVICES LIMITED	25/02/1996
U74210GJ1987PLC010016	PARAMOUNT TECHNOLOGIES LIMITED	31/05/1989
U74300GJ1995PTC027901	SQUARE CIRCLE ADVERTISING AND MARKETING PVT LTD	06/08/2011

Name :

Mr. Shyamsunder Khedkar

Designation :

Director

Address :

Ashirwad 148 Vinayak Society, Old Padra Road, Vadodara-390020, Gujarat, India

Date of Birth/Age :

24.03.1938

Qualification :

BE ELECTRICALS

Date of Appointment :

30.03.2004

PAN No.:

ADBPK9234A

DIN No.:

00205355

Name :

Mr. Rajat Kumar Dasgupta

Designation :

Director

Address :

1604, Eternia B Wing, 16th Floor Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India

Date of Appointment :

30.09.2003

DIN No.:

01725758

Other Directorship :

CIN/FCRN	Company Name	Begin Date
L17100MH1909PLC000294	SWAN ENERGY LIMITED	24/09/2007
U74999MH2013PTC243843	RDMA CONSULTANTS PRIVATE LIMITED	30/05/2013

Name :

Mr. Dilip Ranjitbhai Shukla

Designation :

Managing Director

Address :

B-26, Laxminarayan Society, Gotri Road, Behind Mother School, Vadodara-390021, Gujarat, India

Date of Birth/Age :

17.06.1960

Qualification :

Graduate

Date of Appointment :

12.02.2015

PAN No.:

AEPPS0382E

DIN No.:

07090195

Other Directorship :

CIN/FCRN	Company Name	Begin Date
U32109GJ1989PLC012566	POLCON EQUIPMENTS LIMITED	27/01/2017
U67120MH1984PTC034735	TULI PATEL INVESTMENT PVT LTD	28/01/2017
U72200GJ2003PLC042802	SPECTRA DYNAMICS LIMITED	25/01/2017
U74140GJ1986PLC008842	PARAMOUNT CONSULTANCY SERVICES LIMITED	28/01/2017
U74210GJ1987PLC010016	PARAMOUNT TECHNOLOGIES LIMITED	27/01/2017
U74300GJ1995PTC027901	SQUARE CIRCLE ADVERTISING AND MARKETING PVT LTD	25/01/2017

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON: 31.03.2017

Names of Shareholders	No. of Shares	Percentage of Holding
Kewalkrishna Gurucharandas Tuli	1242200	41.41
Kailashben Kewalkrishna Tuli	264000	8.80
Samir Kewalkrishna Tuli	841600	28.05
Monali Samir Tuli	2100	0.07
Nita Yatin Mehta	68000	2.27
Yatin Mehta	2100	0.07
Tuli Patel Investment Private Limited	580000	19.33
Total	3000000	100.00

AS ON: 30.09.2017

Equity Share Breakup	Percentage of Holding
Category
Promoters – Individual/ Hindu Undivided Family – Indian	78.26
Promoters – Body Corporate	19.33
Public/Other than promoters – Individual/ Hindu Undivided Family – Indian	2.41
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged in the business of Turnkey project in the field of Environmental Engineers and Consultants. [Registered Activity]

Products :

ITC Code No.	Product Descriptions
84198910	To carry on the business of Civil Engineers, Structural Engineers, Mechanical Engineers, Electrical Engineers, Environment and pollution control Engineers

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Selling :

Not Divulged

Purchasing :

Not Divulged

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Reference:	Not Divulged
Name of the Person (Designation):	--
Contact Number:	--
Since how long known:	--
Maximum limit dealt:	--
Experience:	--
Remark	--

Customers :

· Indian Oil

· DHV

· Aquatech

· PCIC

· Daelim

· Ebara

· Sumiyoshi

No. of Employees :

Not Divulged

Bankers :

· Indian Overseas Bank

Mehta Pole Branch, Bank Road, Mandvi, Vadodara - 390006, Gujarat, India

Facilities :

SECURED LOANS	31.03.2017 (INR In Million)	31.03.2016 (INR In Million)
LONG-TERM BORROWINGS
Other loans and advances	1.089	1.557
SHORT TERM BORROWINGS
Other loans and advances, others	149.635	226.189
Total	150.724	227.746

Auditors :
Name :	V. Parekh and Associates Chartered Accountant
Address :	37, Hanuman Street, Fort, Mumbai – 400001, Maharashtra, India
PAN No.:	AAAFV0135F
Memberships :	Not Available
Collaborators :	Not Available
Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives:	· Paramount Technologies Limited [U74210GJ1987PLC010016] · Paramount Consultancy Services Limited [U74140GJ1986PLC008842] · Tuli Patel Investment Private Limited [U67120MH1984PTC034735]

CAPITAL STRUCTURE

AS ON: 31.03.2017

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
3000000	Equity Shares	INR 10/- each	INR 30.000 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	30.000	30.000	15.000
(b) Reserves and Surplus	433.217	416.948	380.974
(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)	463.217	446.948	395.974
(3) Non-Current Liabilities
(a) long-term borrowings	155.369	139.341	26.589
(b) Deferred tax liabilities (Net)	4.209	4.338	4.002
(c) Other long-term liabilities	91.322	194.604	221.910
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	250.900	338.283	252.501
(4) Current Liabilities
(a) Short-term borrowings	149.635	226.189	159.361
(b) Trade payables	264.877	314.739	269.537
(c) Other current liabilities	8.362	13.410	49.460
(d) Short-term provisions	30.990	27.685	38.951
Total Current Liabilities (4)	453.864	582.023	517.309
TOTAL	1167.981	1367.254	1165.784
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	37.529	42.346	42.545
(ii) Intangible Assets	1.127	1.569	2.039
(iii) Tangible assets capital work-in-progress	44.458	44.458	44.458
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.005	2.547	2.547
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term loans and advances	17.556	15.255	13.616
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	100.675	106.175	105.205
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	364.869	203.513	118.370
(c) Trade receivables	491.277	818.791	687.743
(d) Cash and bank balances	141.674	146.675	184.755
(e) Short-term loans and advances	69.486	92.100	69.711
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	1067.306	1261.079	1060.579
TOTAL	1167.981	1367.254	1165.784

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Total Revenue from operations	1503.317	1709.581	1220.554
	Other Income	11.650	11.880	9.019
	TOTAL	1514.967	1721.461	1229.573
Less	EXPENSES
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(161.356)	(85.143)	24.323
	Employee benefit expense	96.434	108.337	97.753
	Other expenses	1468.528	1538.498	997.260
	Exceptional items	0.000	0.000	3.707
	TOTAL	1403.606	1561.692	1123.043
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	111.361	159.769	106.530
Less	FINANCIAL EXPENSES	67.676	64.366	45.540
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	43.685	95.403	60.990
Less/ Add	DEPRECIATION/ AMORTISATION	3.462	3.634	8.377
	PROFIT/ (LOSS) BEFORE TAX	40.223	91.769	52.613
Less	TAX	13.122	31.768	16.471
	PROFIT/ (LOSS) AFTER TAX	27.101	60.001	36.142
	Earnings / (Loss) Per Share (INR)	9.03	20.00	24.09

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	0.471	0.436	0.379
Net cash flows from (used in) operations	118.103	(133.844)	251.058
Net cash flows from (used in) operating activities	104.852	(165.276)	233.017

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	119.28	174.81	205.67
Account Receivables Turnover (Income / Sundry Debtors)	3.06	2.09	1.77
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	0.00	0.00	0.00
Inventory Turnover (Operating Income / Inventories)	0.31	0.79	0.90
Asset Turnover (Operating Income / Net Fixed Assets)	1.34	1.81	1.20

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.52	0.53	0.47
Debt Equity Ratio (Total Liability / Networth)	0.66	0.82	0.47
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.98	1.30	1.31
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.18	0.20	0.22
Interest Coverage Ratio (PBIT / Financial Charges)	1.65	2.48	2.34

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	1.80	3.51	2.96
Return on Total Assets ((PAT / Total Assets) * 100)	%	2.32	4.39	3.10
Return on Investment (ROI) ((PAT / Networth) * 100)	%	5.85	13.42	9.13

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	2.35	2.17	2.05
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	1.55	1.82	1.82
G-Score Ratio Financial (Networth / Total Assets)	0.40	0.33	0.34
G-Score Ratio Debt (Debts / Equity Capital)	10.18	12.20	12.42
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.35	2.17	2.05

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	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	15.000	30.000	30.000
Reserves & Surplus	380.974	416.948	433.217
Money received against share warrants	0.000	0.000	0.000
Share Application money pending allotment	0.000	0.000	0.000
Net worth	395.974	446.948	463.217
long-term borrowings	26.589	139.341	155.369
Short term borrowings	159.361	226.189	149.635
Current Maturities of Long term debt	0.379	0.436	0.471
Total borrowings	186.329	365.966	305.475
Debt/Equity ratio	0.471	0.819	0.659

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	1220.554	1709.581	1503.317
		40.066	(12.065)

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	1220.554	1709.581	1503.317
Profit/ (Loss)	36.142	60.001	27.101
	2.96%	3.51%	1.80%

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	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	Yes
20	Banking Details	Yes
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	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

INDEX OF CHARGES

CHARGES REGISTERED
SNO	SRN	CHARGE ID	CHARGE HOLDER NAME	DATE OF CREATION	DATE OF MODIFICATION	DATE OF SATISFACTION	AMOUNT	ADDRESS
1	C02756203	10488901	INDIAN OVERSEAS BANK	10/04/2014	-	-	2000000.0	INDIAN OVERSEAS BANKNEAR MANDVIVADODARAGJ390006IN
2	B65483703	90096946	INDIAN OVERSEAS BANK	28/01/2005	22/12/2012	-	1431800000.0	MEHTA POLE BRANCH,MEHTA POLE, NEAR MANDVI,VADODARAGJ390006IN
3	B68157734	90102432	INDIAN OVERSEAS BANK	18/01/2005	02/02/2013	-	1431800000.0	MEHTA POLE BRANCH,BANK ROAD, MANDVIVADODARAGJ390006IN
4	G14466049	10151728	INDIAN OVERSEAS BANK	20/03/2009	-	20/09/2016	5000000.0	MEHTA POLE BRANCH,BANK ROAD , NEAR MANDVI,VADODARAGJ390006IN

UNSECURED LOANS

PARTICULARS	31.03.2017 (INR In Million)	31.03.2016 (INR In Million)
LONG-TERM BORROWINGS
Loans and advances from directors	143.048	133.743
Loans and advances from others	11.232	4.041
Total	154.280	137.784

CORPORATE INFORMATION

Subject is a public domicilied in India and incorporated under the provisions of the Companies Act, 1956. The company engaged in the business of Turnkey project in the field of Environmental Engineers and Consultants

FIXED ASSETS:

• Land
• Building
• Factory Building
• Plant and Machinery
• Vehicles
• Furniture and Fixtures

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 66.61
UK Pound	1	INR 90.60
Euro	1	INR 79.86

INFORMATION DETAILS

Information Gathered by :	SHR
Analysis Done by :	NSG
Report Prepared by :	RUP

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.