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                   i.PAN   and   complete    address    of    the
                   investors


                                    M/s. Chiripal Poly Films Ltd.,
ii.Copies of confirmations of accounts from investors iii.Acknowledge copy of return of income of investors iv.Copies of bank statement of the appellant company v.Copies of FIRC issued by RBI in the case of NR investors vi.Copies of letter issued by RBI allotting UIN No. in the case of NR investors vii.Copies of letter issued by RBI in case of NR investors in connection with FCGPR viii.Copy of Minutes recorded in the Board Meeting held for allotment of shares to investors ix.Copies of Share Application form received from investors x.Copies of Share Allotment Certificate issued to investors xi.Copies of Form No-2 and Annual Return filed with ROC M/s. Chiripal Poly Films Ltd., xii.Copies of Audited Financial statements for F.Y. 2010-11, F.Y. 2011-12 and F.Y. 2012-13 xiii.Copy of agreement entered with the supplier for importing various equipment and machineries for BOPP plant xiv.Copy of LC margin availed from IDBI Bank for importing various equipment and machineries for BOPP plant xv.Copy of FD placed against that LC margin
3. Copy of documentary evidences in connection with investment made by Orange Mauritius Investment Ltd., i. Copy of FC-GRP submitted to RBI ii. Copy of FIRC received from the IDBI Bank iii. Copy RBI letter allotting UIN No."

7. Ld. Counsel for the assessee explained the back ground of the business of assessee-company and future prospectus of the assessee- company by stating that Chiripal Poly Films Ltd (CPFL) is a closely held company incorporated under the Companies Act, 1956. The company is promoted by Chiripal Group of Industries, Ahmedabad. CPFL has proposed to set up imported BOPP Line of 3 Layers of 8700 MM width to manufacture BOPP film of specialty to commodity grade in range of M/s. Chiripal Poly Films Ltd., 10 microns to 60 microns at an installed capacity of 38775 TPA. The project is to be set up at Vraj Integrated Textile Park Ltd., Bidaj Village, Kheda District in Gujarat for manufacture of BOPP Films at an installed capacity of 38775 TPA at a cost of project of ₹24147.61 Lacs. The company also proposed to go for expansion and install 2ndline of BOPP films at an installed capacity of 34200 TPA at a cost of project of ₹ 21565.46 Lacs. With respect to 1st BOPP Line, KBC Bank Dutshland AG, Germany has financed (unsecured loan) the transaction for purchase of BOPP Line and importing other auxiliary Plant and Machinery. For Domestic plant and machinery CPFL has proposed for financial assistance in the form of Term Loan of ₹ 8378.93 Lacs from Indian banks.With respect to 2nd line, CPFL has proposed for financial assistance in the form of Term Loan of ₹ 5755 lacs for 2nd line. Also the KBC Bank Duetshland AG, Germany has financed the transaction for purchase of 2nd BOPP Line and importing other auxiliary Plant and Machinery. The key estimated figures of both BOPP lines which have been estimated for the project in 2009 are attached herewith as annexure A.From the said projects it was expected to derive substantial revenues. It is a prerogative of the board of directors of a company to decide the premium amount and it is the wisdom the shareholder whether they want to subscribe to such premium or not. It is the prospects of business which decides the share price and it cannot be objected at any imagination.

1. M/s Orange Mauritius 44,710,385 1. Letter issued by RBI 232-239 Investment Ltd. (Share in connection with Application money FCGPR
2. FIRC issued by IDBI 240-245 in the case of NR investors
4. shareholder's 514-552 666-704 agreement
5. Share application 553-554 705-706 form received from investor
6. FIRC issued by bank 555-560
7. Letter issued by RBI 246-249 561-564 allotting UIN No. certificate issued to investor