MIRA INFORM REPORT

Report No. :	510856
Report Date :	28.05.2018

IDENTIFICATION DETAILS

Name :	DECCAN ENTERPRISES LIMITED (w.e.f 25.05.2013)
Formerly Known As :	DECCAN ENTERPRISES PRIVATE LIMITED
Registered Office :	B-58, 59, 60, APIE, Balanagar, Hyderabad- 500037, Telangana
Tel. No.:	91-40-23870111
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	15.04.1966
Com. Reg. No.:	36 - 001109
Capital Investment / Paid-up Capital :	INR 30.000 Million
CIN No.: [Company Identification No.]	U52609TG1966PLC001109
IEC No.: [Import-Export Code No.]	Not Divulged
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
TIN No:	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Divulged
PAN No.: [Permanent Account No.]	AAACD6744K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturers, Importers, Exporters and dealers in rubber and rubber goods (synthetic as well as natural), industrial chemicals, compounds, oils, plastic, nylon, polythene, terylene and articles. [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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject was promoted by O P Jalan in 1966 for the manufacturing of various rubber related products. The company’s constitution was changed from Private Limited to Public Limited Company in May 2013. As per the financial record of 2017, the company has achieved decent growth in its revenue as compared to previous year and has maintained average profitability margin during the year. Rating continues to drive strength from the experience of the management with established track record of the company, improving technical efficiency through in-house Research and Development and geographically diversified order book position. Rating takes into account healthy growth in total operating income and profitability margins, comfortable and improved overall gearing, debt service coverage indicators and liquidity position. However, rating strength is partially offset by small scale of operations and foreign exchange fluctuation risk on account of import of raw materials. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

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

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

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	Long Term Rating = A-
Rating Explanation	Adequate degree of safety and low credit risk.
Date	03.04.2018

Rating Agency Name	CARE
Rating	Short Term Rating = A2
Rating Explanation	Strong degree of safety and low credit risk.
Date	03.04.2018

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2018.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 28.05.2018

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 DENIED

MANAGEMENT NON-COOPERATIVE (Tel No.: 91-40-23870111)

LOCATIONS

Registered Office/ Corporate Office / Manufacturing Facility 1 :	B-58, 59, 60, APIE, Balanagar, Hyderabad - 500037, Telangana, India
Tel. No.:	91-40-23870111- 15
Fax No.:	91-40-23778699
E-mail:	info@deccan.in accounts@deccan.in
Website :	http://www.deccan.in
Manufacturing Facility 2 :	Located At : Gujarat

DIRECTORS

As on 31.03.2017

Name :

Mr. Vikas Jalan

Designation :

Managing Director

Address :

521, Gulmohar Avenue Rajbhavan Road, Somajiguda, Hyderabad – 500482, Telangana, India 

Date of Birth/Age :

02.06.1970

Qualification:

MBA from LBS

Date of Appointment :

30.09.2013

PAN No:

ACDPJ5643D

DIN No.:

00618142

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65993AP1989PTC010219	SECUNDERABAD INVESTMENTS PVT. LTD.	30/08/2000	-
U45200TG1990PTC010858	PARAMOUNT COLONISERS PVT LTD	04/01/1990	-
U74999TG1989PTC010630	DECCAN INDUSTRIAL PRODUCTS PVT. LTD.	22/04/1999	-
U65920TG1989PTC010398	SHREYAS FINANCE PVT. LTD.	19/07/2000	-
U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	12/03/1997	-
U99999MH1970GAP014629	INDIAN ELECTRICAL AND ELECTRONICS MANUFACFTURERS ASSOCIATION	30/10/2017	-

Name :

Mr. Sambasiva Rao Aluri

Designation :

Director

Address :

Plot No.12/4, Road No.3 Kakatiya Nagar, Habsiguda, Hyderabad – 500007, Telangana, India 

Date of Birth/Age :

20.05.1947

Qualification

B. Tech

Date of Appointment :

11.11.1999

PAN No:

AAKPA5748H

DIN No.:

00622184

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65920TG1989PTC010398	SHREYAS FINANCE PRIVATE LIMITED	29/08/1989	-
U32204TG1992PTC014085	HARA COMMUNICATIONS PRIVATE LIMITED	08/04/1992	-
U25209TG1997PTC027845	HARA CORPORATION PRIVATE LIMITED	28/08/1997	-
U67200TG1999PTC031959	HARA INDUSTRIES PRIVATE LIMITED	23/06/1999	-
U25209TG2016PTC109728	MODULUS COMPOSITES PRIVATE LIMITED	18/05/2016	-
U25209TG2016PTC109980	MODULUS COMPOSITES PRIVATE LIMITED	30/05/2016	-

Name :

Mr. Ajay Kumar Dhagat

Designation :

Director

Address :

3C, Elsium, No.1, 2nd Main Road Gandhi Nagar, Adyar, Chennai-600020, Tamilnadu, India

Date of Appointment :

24.08.2017

DIN No.:

00250792

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U31102AP1984PLC005165	AMARA RAJA POWER SYSTEMS LIMITED	30/09/2014	-
U24110MH1996PTC095899	MPM PRIVATE LIMITED	12/09/2017	-
L31200TN1975PLC006966	S & S POWER SWITCHGEAR LIMITED	14/08/2015	-

Name :

Mrs. Mallela Srinivas

Designation :

Director

Address :

401B, RC Puram, Nalagonda Bhel, Medak, Hyderabad – 502032, Telangana, India

Date of Birth/Age :

14.09.1969

Qualification

B. Tech

Date of Appointment :

30.09.2013

PAN No:

ANJPM5485H

DIN No.:

06456445

Name :

Mrs. Sudha Jalan

Designation :

Whole time Director

Address :

521, Gulmohar Avenue Rajbhavan Road, Somajiguda, Hyderabad – 500482, Telangana, India

Date of Birth/Age :

08.10.1946

Qualification

Graduate

Date of Appointment :

26.09.2016

PAN No:

ACEPJ5093L

DIN No.:

00618122

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U45200TG1990PTC010858	PARAMOUNT COLONISERS PRIVATE LIMITED	11/01/1995	-
U52110TG1991PTC012831	DECCAN AGENCIES PRIVATE LIMITED	01/10/1991	-
U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	28/01/2002	-
U18100TG1999PTC032196	DECCAN ENSEMBLE PRIVATE LIMITED	28/07/1999	-

Name :

Mrs. Kavita Jalan

Designation :

Whole time Director

Address :

521, Gulmohar Avenue, Somajiguda, Hyderabad – 500482, Telangana, India 

Date of Birth/Age :

25.12.1968

Qualification

Graduate

Date of Appointment :

26.09.2016

PAN No:

ACFPJ7032C

DIN No.:

00618119

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U18100TG1999PTC032196	DECCAN ENSEMBLE PRIVATE LIMITED	28/07/1999	-

Name :

Mr. Om Prakash Jalan

Designation :

Director

Address :

H.No.6-3-1089/A/3/5 521, Gulmohar Avenue, Somajiguda, Hyderabad – 500482, Telangana, India 

Date of Birth/Age :

22.09.1941

Qualification

B.Com

Date of Appointment :

26.09.2016

PAN No:

ACFPJ7049H

DIN No.:

00618096

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65993AP1989PTC010219	SECUNDERABAD INVESTMENTS PRIVATE LIMITED	18/11/2009	-
U45200TG1990PTC010858	PARAMOUNT COLONISERS PRIVATE LIMITED	11/01/1995	-
U74999TG1989PTC010630	DECCAN INDUSTRIAL PRODUCTS PRIVATE LIMITED	30/09/2009	-
U52110TG1991PTC012831	DECCAN AGENCIES PRIVATE LIMITED	19/06/1991	-
U28990TG1997PLC026638	DECCAN AUTOMOBILES LIMITED	12/03/1997	-

Name :

Mr. Sridharan Govindaswamy

Designation :

Director

Address :

2/130 D, Cholamandal Artists Village, Injambakkam, Kanchipuram – 600115, Telangana, India

Date of Birth/Age :

21.07.1942

Date of Appointment :

05.07.1988

Qualification

Graduate

DIN No.:

00384638

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U65993KA1955PLC024548	LUCKY VALLEY ESTATES LIMITED	26/08/2013	-
U72112MP1922PLC000060	HOPE TEXTILES LTD	29/06/2005	-
U74999TN1989PTC018311	NAGAM PRIVATE LIMITED	09/11/1989	-
U01119TN2002PTC048245	ADADI PLANTATION PRIVATE LIMITED	18/04/2005	-
U51109WB1981PLC033606	PODDAR UDYOG LIMITED	28/09/2012	-
U30009WB1998PLC087168	TECHNISCHE SOFTWARE & SYSTEMS INDIA LIMITED	30/10/1998	-
U72100WB1998PLC088174	VERTEX SYSTEMS LIMITED	30/10/1998	-
U85110WB2007PLC121104	IRIS HEALTH SERVICES LIMITED	30/09/2015	-
U45400TN2012PTC087759	NAGAM DESIGN AND DETAILING PRIVATE LIMITED	21/09/2012	-
U72900TN2012PTC083949	EFFULGENT SOFTWARE AND ENGINEERING PRIVATE LIMITED	11/01/2012	-
U74999TN2012PTC084579	ASAL EXPORT PRIVATE LIMITED	21/02/2012	-

Name :

Mr. Mahendra Kumar Agarwal

Designation :

Director

Address :

2-A, 8-2-415/1 Rd No 4, Banjara Hills, Hyderabad – 500034, Telangana, India

Date of Birth/Age :

13.03.1954

Qualification

B. Tech

Date of Appointment :

04.02.2004

DIN No.:

00179779

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
L65910TG1973PLC031293	TCI FINANCE LIMITED	22/11/1991	-
U51109TG2002PTC039141	AMRIT JAL VENTURES PRIVATE LIMITED	25/09/2007	-
U45200MH1995PTC091379	TCI TELENET SOLUTIONS PRIVATE LIMITED	05/11/2012	-
U74899TG1984PLC089495	GATI KAUSAR INDIA LIMITED	28/07/2015	-
L63011TG1995PLC020121	GATI LIMITED	25/04/1995	-
L74999TG1965PLC001551	TCI INDUSTRIES LIMITED	23/06/1994	-
U62200TG2007PTC056311	GATI-KINTETSU EXPRESS PRIVATE LIMITED	01/07/2012	-
U67190TG2004PTC058625	MAHENDRA INVESTMENT ADVISORS PRIVATE LIMITED	05/08/2004	-

KEY EXECUTIVES

Name :	DVM and Associates LLP
Designation :	Company Secretaries
Address :	6/3/154-159, Flat No.303, 3^rd Floor, Royal Majestic, Prem Nagar Colony, Near Banjara Hills Care Hospital, Hyderabad – 500004, Telangana, India
Tel No:	91-40-23312933
Mobile No:	91-9849153690
Email:	dvm@dvmgopalandassociates.in
Website:	http://www.dvmgopalandassociates.in

MAJOR SHAREHOLDERS

AS ON 31.03.2017

Names of Shareholders	No. of Shares
Ompraksh Jalan	1658280
Vikas Jalan	758130
Sudha Jalan	483462
Shubhkaran Jalan	150
Mahesh Kumar Khemka	1110
Shree Gopal Jalan	150
Bimla devi Jalan	150
Kavita Jalan	11175
Promod Jalan	150
Bela Jalan	150
Anandi Devi Jalan	150
Shree Narayan Jalan	300
Manju Jalan	150
Ritu Jalan	150
Sanjay Jalan	1200
Sumita Jalan	150
Kohinoor Tradin Private Limited, India	150
Deccan Industrial Products Private Limited, India	84843
Total	3000000

AS ON 23.09.2017

Equity Share Break up	Percentage
Category
Promoters – [Individual/Hindu Undivided Family – Indian]	97.0449
Promoters – [Bodies corporate]	2.8281
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian]	0.122
Public/Other than promoters -[Bodies corporate]	0.005
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers, Importers, Exporters and dealers in rubber and rubber goods (synthetic as well as natural), industrial chemicals, compounds, oils, plastic, nylon, polythene, terylene and articles. [Registered Activity]

Products / Services :

ITC Code	Product/ Services Description
85469090	Electrical Insulators of any Material

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 :

Not Divulged

Bankers :

Bank Name	State Bank of India
Branch	Commercial Branch, Ashoka My Home Chambers, S.P. Road, Secunderabad – 500003, Telangana, 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 LOANS	31.03.2017 INR In Million	31.03.2016 INR In Million
LONG TERM BORROWINGS
Term loans from banks	30.924	35.785
Term loan from others	1.150	1.360
SHORT TERM BORROWINGS
Term loans from banks
Working capital loans from banks	44.199	65.479
Total	76.273	102.624

Auditors :
Name :	Venugopal and Chenoy Chartered Accountants
Address :	4-1-889/16/2, Tilak Road, Hyderabad - 500001, Telangana, India
Tel. No.:	91-40-24753454 / 24752853/ 24753852
Fax No.:	91-40- 24756885
E-Mail :	info@venugopalandchenoy.com
PAN No.:	AACFV0612M
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

AS ON: 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
5000000	Equity Shares	INR 10/- each	INR 50.000 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 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	30.000
(b) Reserves & Surplus	497.207	419.749	352.393
(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)	527.207	449.749	382.393
(3) Non-Current Liabilities
(a) long-term borrowings	36.074	41.145	31.533
(b) Deferred tax liabilities (Net)	1.743	1.882	1.230
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	5.636	4.310	4.187
Total Non-current Liabilities (3)	43.453	47.337	36.950
(4) Current Liabilities
(a) Short term borrowings	44.199	65.479	51.704
(b) Trade payables	146.677	93.044	90.750
(c) Other current liabilities	55.245	48.537	30.508
(d) Short-term provisions	6.343	5.560	5.300
Total Current Liabilities (4)	252.464	212.620	178.262
TOTAL	823.124	709.706	597.605
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	245.253	245.974	241.214
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	17.585	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.951	0.951	0.950
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	12.027	13.301	11.951
(e) Other Non-current assets	0.000	0.000	4.016
Total Non-Current Assets	258.231	277.811	258.131
(2) Current assets
(a) Current investments	153.082	65.501	0.500
(b) Inventories	16.325	22.517	69.413
(c) Trade receivables	319.081	281.175	217.874
(d) Cash and cash equivalents	41.048	25.198	17.193
(e) Short-term loans and advances	30.289	26.997	26.263
(f) Other current assets	5.068	10.507	8.231
Total Current Assets	564.893	431.895	339.474
TOTAL	823.124	709.706	597.605

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	1,008.156	877.818	666.899
	Other Income	15.698	15.663	33.623
	TOTAL	1,023.854	893.481	700.522
Less	EXPENSES
	Cost of Materials Consumed	610.155	518.897	446.931
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	4.136	16.897	(7.090)
	Employees benefits expense	76.210	66.277	43.456
	CSR Expenditure	1.900	0.950	0.000
	Other expenses	151.583	135.883	90.349
	TOTAL	843.984	738.904	573.646
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	179.870	154.577	126.876
Less	FINANCIAL EXPENSES	25.168	23.003	19.455
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	154.702	131.574	107.421
Less	DEPRECIATION/ AMORTISATION	29.983	25.996	26.686
	PROFIT/ (LOSS) BEFORE TAX	124.719	105.578	80.735
Less	TAX	41.793	31.900	22.373
	PROFIT/ (LOSS) AFTER TAX	82.926	73.678	58.362
	EARNINGS IN FOREIGN CURRENCY
	Dividend Received	0.000	9.040	20.483
	Export of Goods (FOB)	10.230	10.218	0.711
	TOTAL EARNINGS	10.230	19.258	21.194
	IMPORTS
	Raw Materials	277.317	253.657	198.481
	Components and Stores parts	17.336	59.086	13.659
	TOTAL IMPORTS	294.653	312.743	212.140
	Earnings / (Loss) Per Share (INR)	27.64	24.56	19.45

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	16.500	20.500	20.500
Net cash flows from (used in) operations	225.109	152.262	5.238
Net cash flows from (used in) operating activities	177.456	124.860	(15.794)

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	115.52	116.91	119.24
Account Receivables Turnover (Income / Sundry Debtors)	3.16	3.12	3.06
Average Payment Days (Sundry Creditors / Purchases * 365 Days)	87.74	65.45	74.11
Inventory Turnover (Operating Income / Inventories)	11.02	6.86	1.83
Asset Turnover (Operating Income / Net Fixed Assets)	0.73	0.59	0.53

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.37	0.39	0.39
Debt Equity Ratio (Total Liability / Networth)	0.18	0.28	0.27
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.48	0.47	0.47
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.47	0.59	0.63
Interest Coverage Ratio (PBIT / Financial Charges)	7.15	6.72	6.52

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	8.23	8.39	8.75
Return on Total Assets ((PAT / Total Assets) * 100)	%	10.07	10.38	9.77
Return on Investment (ROI) ((PAT / Networth) * 100)	%	15.73	16.38	15.26

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	2.24	2.03	1.90
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	2.17	1.93	1.51
G-Score Ratio Financial (Networth / Total Assets)	0.64	0.63	0.64
G-Score Ratio Debt (Debts / Equity Capital)	3.23	4.24	3.46
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	2.24	2.03	1.90

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	30.000	30.000	30.000
Reserves & Surplus	352.393	419.749	497.207
Net worth	382.393	449.749	527.207
long-term borrowings	31.533	41.145	36.074
Short term borrowings	51.704	65.479	44.199
Current maturities of long-term debts	20.500	20.500	16.500
Total borrowings	103.737	127.124	96.773
Debt/Equity ratio	0.271	0.283	0.184

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	666.899	877.818	1008.156
		31.627	14.848

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	666.899	877.818	1008.156
Profit /(Loss)	58.362	73.678	82.926
	8.75%	8.39%	8.23%

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	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	Yes
26	Turnover of firm for last two/ three years	Yes
27	Reasons for variation <> 20%	--
28	Estimation for coming financial year	Yes
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

REVIEW OF OPERATIONS/FINANCIAL HIGHLIGHTS:

During the year, the Company has earned total Income of INR 1023.855 Million as against INR 893.481 Million in the previous year. The Company made a net profit (after Tax) INR 82.926 Million for the current year as against INR 73.678 Million in the previous year and the Board of Directors are hopeful of generating more income in the future years.

UNSECURED LOANS:

Particulars	31.03.2017 INR In Million	31.03.2016 INR In Million
Long-term Borrowings
Loans from shareholders	4.000	4.000
Total	4.000	4.000

CONTINGENT LIABILITIES:

(INR in million)

PARTICULARS	31.03.2017	31.03.2016
Bank Guaranteed/ LC	195.424	156.124

INDEX OF CHARGES

SNo	SRN	Charge Id	Charge Holder Name	Date of Creation	Date of Modification	Date of Satisfaction	Amount	Address
1	G63401020	100135112	HDFC BANK LIMITED	30/03/2017	-	-	1187000.0	1-10-60/3,G2,SURYODAYAOPP SHOPPERS STOP BEGUMPETHYDERABADTG500016IN
2	A02300127	10014119	STATE BANK OF INDIA	21/06/2006	-	-	16000000.0	COMMERCIAL BRANCHKOTI, BANK STREET,HYDERABADAP500095IN
3	G71453658	90129952	State Bank of India	17/03/2001	27/11/2017	-	732400000.0	Commercial Branch, Ashoka My Home ChambersS P RoadSecunderabadTG500037IN
4	A30721799	90128059	STATE BANK OF INDIA	17/03/2001	-	24/01/2008	11475000.0	COMMERCIAL BRANCHBANK STREETHYDERABADAPIN
5	A30721914	90128899	STATE BANK OF INDIA	13/02/1967	-	24/01/2008	125000.0	SECUNDERABADSECUNDERABADAPIN
6	A30722276	90128970	STATE BANK OF INDIA	07/05/1980	-	24/01/2008	8438800.0	MAIN BRANCH; BANK STREETHYDERABADAPIN
7	A30721948	90128918	STATE BANK OF INDIA	01/02/1972	-	24/01/2008	300000.0	SECUNDERABADSECUNDERABADAPIN
8	A30721708	90127289	STATE BANK OF INDIA	24/12/1985	07/08/1997	24/01/2008	11000000.0	C & T DIVISIONHYDERABAD MAIN BRANCHHYDERABADAPIN
9	A30722201	90128941	STATE BANK OF INDIA	17/04/1976	-	24/01/2008	3331200.0	SECUNDERABADSECUNDERABADAPIN
10	A30722318	90130839	STATE BANK OF INDIA	06/08/1969	-	24/01/2008	60000.0	SECUNDERABADSECUNDERABADAPIN

FIXED ASSETS:

Tangible Assets

• Land
• Factory Building
• Office Building
• Electrical Installation
• Plant and Machinery
• Furniture and Fixture
• Computer
• Vehicles

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 68.26
UK Pound	1	INR 91.23
Euro	1	INR 79.88

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	NSG
Report Prepared by :	MTN

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	NO
--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.