MIRA INFORM REPORT

Report Date :

01.11.2011

IDENTIFICATION DETAILS

Name :	JAYA HIND INDUSTRIES LIMITED
Registered Office :	Mumbai-Pune Road, Akurdi, Pune – 411 035, Maharashtra
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	11.01.1947
Com. Reg. No.:	11-5480
Capital Investment / Paid-up Capital :	Rs.1450.000 millions
CIN No.: [Company Identification No.]	U7499PN1947PLC005480
TAN No.: [Tax Deduction & Collection Account No.]	PNEJ05073F
PAN No.: [Permanent Account No.]	AAACJ4268Q
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturer of Fully Machined Pressure Die Casting, Auto-Electrical Assemblies for Steering Systems, Automation Application.
No. of Employees :	150 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (29)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 4700000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears to be some accumulated losses recorded by the company. However trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.

NOTES :

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

INFORMATION PARTED BY

Name :	Mr. Joshi
Designation :	Accounts Department
Contact No.:	91-20-27473981
Name :	Mrs. Manali Yogesh Pathwardhan
Designation :	Company Secretary
Date :	31.10.2011

LOCATIONS

Registered Office/ Factory 1 :	Mumbai-Pune Road, Akurdi, Pune - 411 035, Maharashtra, India
Tel. No.:	91-20-27473981/ 2
Fax No.:	91-20-27474827
E-Mail :	jayahind@vsnl.com mpatwardhan@jayahind.com
Website :	http://www.jayahind.com
Location :	Owned
Corporate Office :	Industrial Area No.-01, Sector No. 02 Mhow, Meemuch Road, Pthampur, Dhar, India
E-Mail :	jayahind@vsnl.com
Factory 2 :	Urse Works, Maval District, Pune-410 506, Maharashtra, India
Tel. No.:	91-2114-237071/73
Fax No.:	91-2114-237072
E-Mail :	jayahind@vsnl.com
Factory 3 :	Pithampur, District Dhar - 452 002, Madhya Pradesh, Idnia
Overseas Office :	Nurenberger Stress 31, 91781 Weissenburg/ Beyern, Germany
Tel. No.:	0049 9141858 460
E-Mail :	kriegel@jayahind.com

DIRECTORS

As on 29.09.2010

Name :

Mr. Abhay Navalmal Firodia

Designation :

Chairman cum Managing Director

Address :

Sanmitra 1328/2A, Ganeshkhind Road, Pune-411007, Maharashtra, India

Date of Birth/Age :

05.11.1944

Date of Appointment :

29.09.2010

DIN No.:

00025179

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L74899DL1981PLC011274	BHARAT HOTELS LIMITED	Director	13-11-87	13-11-87	-	Active	NO
2	L51900MH1978PLC020725	DHOOT INDUSTRIAL FINANCE LIMITED	Director	24-09-94	24-09-94	-	Active	NO
3	U63031MH1978PLC020841	DHOOT COMPACK LTD	Director	22-02-95	22-02-95	-	Active	NO
4	L29130PN1981PLC023734	Z F STEERING GEAR (INDIA) LIMITED	Director	26-03-96	26-03-96	23-05-09	Active	NO
5	U74999MH1984PTC031856	RAN CHEMICALS PRIVATE LIMITED	Director	25-03-97	25-03-97	-	Active	NO
6	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	31-01-02	31-01-02	13-06-08	Active	NO
7	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	25-09-10	01-07-02	-	Active	NO
8	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Managing director	24-09-04	24-09-04	-	Active	NO
9	U34102PN2006PTC022147	MAN FORCE TRUCKS PRIVATE LIMITED	Director	08-03-06	08-03-06	-	Active	NO

Name :

Mr. Mohanlal Girdharilal Chopda

Designation :

Director

Address :

12, Bhosale Nagar, Pune – 411007, Maharashtra, India

Date of Birth/Age :

13.08.1934

Date of Appointment :

29.09.2007

DIN No.:

00040868

.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Director	24-09-04	24-09-04	-	Active	NO
2	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Director	30-09-06	30-09-06	31-03-07	Active	NO
3	U29120PN1997PTC105104	SM EBERSPAECHER EXHAUST PRIVATE LIMITED	Director	03-09-09	31-03-09	-	Active	NO

Name :

Mr. Mansukhlal Chandmal Munot

Designation :

Director

Address :

A-28, Abhimanshree Society Pashan Road, Pune-411008, Maharashtra, India

Date of Birth/Age :

23.11.1937

Date of Appointment :

27.09.2008

DIN No.:

00044975

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U34300MH1983PLC030666	JAYA HIND SCIAKY LIMITED	Director	31-07-84	31-07-84	18-09-09	Active	YES
2	U67110PN1991PTC059646	VILAS MUNOT INVESTMENTS PRV LIMITED	Director	28-09-93	28-09-93	-	Active	NO
3	U65910PN1991PTC059644	ULHAS INVESTMENTS PRV LIMITED	Director	28-09-93	28-09-93	-	Active	NO
4	U65910PN1991PTC059645	HASTIMAL MUNOT INVESTMENTS PRV LIMITED	Director	28-09-93	28-09-93	-	Active	NO
5	U17111MH1990PTC058491	MANAKMOTI SPINNINGS PRIVATE LIMITED	Director	29-09-93	29-09-93	-	Active	NO
6	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Director	27-09-05	27-09-05	-	Active	NO

Name :

Ms. Sunanda Sudhir Mehta

Designation :

Director

Address :

27, Bhosale Nagar, Range Hill Road, Pune – 411007, Maharashtra, India

Date of Birth/Age :

04.07.1971

Date of Appointment :

27.09.2008

DIN No.:

00289624

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U50300PN1996PLC100600	PINNACLE INDUSTRIES LIMITED	Whole-time director	01-10-08	27-06-96	-	Active	NO
2	U17214PN1999PTC014308	RIZHOME INDUSTRIES PRIVATE LIMITED	Additional director	05-08-11	28-12-99	-	Active	NO
3	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Director	27-09-05	27-09-05	-	Active	NO
4	U29299PN2008PTC131927	PERFORM FITNESS SOLUTIONS PRIVATE LIMITED	Managing director	22-01-09	02-05-08	-	Active	NO

Name :

Ms. Shribala Sagar Chordia

Designation :

Director

Address :

37/1/4, Chorpadi, North Main Road, Pune-411036, Maharashtra, India

Date of Birth/Age :

01.07.1974

Date of Appointment :

27.09.2008

DIN No.:

00041557

.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U45402PN2000PTC133977	LIFESTYLE INTERIORS PRIVATE LIMITED	Director	01-04-03	01-04-03	-	Active	NO
2	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Director	27-09-05	27-09-05	-	Active	NO

Name :

Mr. Harsha Gautam Jain

Designation :

Director

Address :

L-19, Green Park, Main New Delhi -110016, India

Date of Birth/Age :

18.07.1977

Date of Appointment :

29.09.2009

DIN No.:

00346134

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Director	30-09-03	30-09-03	-	Active	NO
2	U34101DL2005PLC142214	VANGUARD AUTOMOTIVE LIMITED	Director	28-10-05	28-10-05	09-03-09	Active	NO
3	U51909DL2006PTC155520	VANGUARD INTERNATIONAL PRIVATE LIMITED	Director	15-11-06	15-11-06	21-09-09	Active	NO

Name :

Mr. Prasan Abhay Firodia

Designation :

Managing Director

Address :

Sanmitra 1328/2A, Ganeshkhind Road, Pune-411007, Maharashtra, India

Date of Birth/Age :

16.02.1979

Date of Appointment :

29.09.2007

DIN No.:

00029664

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Managing director	07-10-07	24-09-04	-	Active	NO
2	U34102PN2006PTC022147	MAN FORCE TRUCKS PRIVATE LIMITED	Director	08-03-06	08-03-06	-	Active	NO
3	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	08-09-06	08-09-06	06-09-11	Active	NO
4	L34102PN1958PLC011172	FORCE MOTORS LIMITED	Managing director	06-11-09	30-09-06	-	Active	NO

Name :

Mr. Shyamala Sumatikumar Navlakha

Designation :

Director

Address :

M-56, Greater Kailash, Part-1, New Delhi-110048, India

Date of Birth/Age :

28.08.1938

Date of Appointment :

29.09.2010

DIN No.:

00188287

Name :

Ms. Indira Abhay Firodia

Designation :

Director

Address :

Sanmitra 132B/2A, Ganeshkhinds Road, Pune-411007, Maharashtra, India

Date of Birth/Age :

01.11.1949

Date of Appointment :

29.09.2009

DIN No.:

00035115

Name :

Mr. Pradeep Kanakmal Munot

Designation :

Director

Address :

427-Gultekdi, Pune-411037, Maharashtra, India

Date of Birth/Age :

06.01.1948

Date of Appointment :

27.09.2008

DIN No.:

00044924

Name :

Mr. Mohinder Singh Bhogal

Designation :

Whole Time Director

Address :

Plot No. 475, Sector 25, PCNT Nigdi, Pune-411044, Maharashtra, India

Date of Birth/Age :

01.04.1945

Date of Appointment :

10.01.2007

DIN No.:

01303503

.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999PN1947PLC005480	JAYA HIND INDUSTRIES LIMITED	Whole-time director	10-01-07	10-01-07	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Manali Yogesh Patwardhan
Designation :	Secretary
Address :	202, Waman Sahaniwas Co-operative Housing society, Cummins College Road, Karve Nagar, Pune-411052, Maharashtra, India
Date of Birth/Age :	19.06.1983
Date of Appointment :	01.09.2010
PAN No.:	AGXPG0276F
Name :	Mr. Joshi
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2010

Names of Shareholders	No. of Equity Shares
Surajmal Motilal Munot	25000
Shamala Sumatikumar Navalakaha	93200
Sumatikumar Navalakha	30000
Anoop Vilas Munot	14000
Vilas Chandmal Munot	20000
Indira Abhay Firodia	4860000
Prasanna Holdings Private Limited, Pune, Maharashtra, India	1333812
Kushal Sumatikumar Navalakha	16200
Ahmednagar Engineering Private Limited, Pune, Maharashtra, India	629000
Hemant Bansilal Bhandari Jointly With Kamala Bansilal Bhandari	20000
Pramod Surajmal Munot	25000
Karuna Pramod Munot	25000
Pranil Prmod Munot	25000
Abhaykumar Navlamal Firodia	1698400
Prasanna Abhaykumar Firodia	2700000
Prasanna Abhaykumar Firodia	300000
Abhaykumar Navalimal Firodia	88400
Abhaykumar Firodia Jointly with Indira Firodia	1200000
Manisha Vilas Munot	4000
Jayahind Investments Private Limited, Pune, Maharashtra, India	30851600
Abhay N Firodia	17185636
Jamnabai Navalmal Firodia jointly with Abhay Navalmal Firodia	2040000
Prasan Firodia	6815752
Total	70000000
Names of Shareholders	No. of Preference Shares
Jaya Hind Investments Private Limited, Pune, Maharashtra, India	75000000
Total	75000000

Equity Share Breakup (Percentage of Total Equity)

As on 30.09.2010

Category	Percentage of Holding
Bodies corporate	46.87
Directors or relatives of directors	52.93
Other top fifty shareholders	0.20
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Fully Machined Pressure Die Casting, Auto-Electrical Assemblies for Steering Systems, Automation Application.

Products :

Pressure Die Castings

· Engine Blocks

· Transmission Cases

· Oil Sump

· Clutch housing

· Timing Case over

· Ladder Frame

· Oil Cooler Head

· VE Pump housing

· Cylinder Head Cover

· Engine mounting Bracket

· Cam Carrier

Gravity Die Casting

· Cylinder heads

· Flywheel Housing

· Turbo charge compressor housing

· Intake Manifolds

· Alternator Mounting Brackets

Auto Components

· AC Generator

· Ignition Coil

· Caliper Brake

· Clutch cover

· Clutch plate

· Cylinder head cover assembly

Product Description	ITC Code
Pressure And Gravity Die Casting	7616.90
Flywheel Magneto Systems	8511.20
H T Coils	8811.30

Exports :

Products :

Auto Electrical Assemblies

Countries :

Germany

Imports :

Products :

Raw Material

Countries :

Germany

Terms :

Selling :

L/C, Cash and Credit

Purchasing :

L/C, Cash and Credit

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Pressure and Gravity Die Casting	Tonnes	23257	16000	*7731
Flywheel Magneto System	Nos.	1550000	800000	232780
H.T. Coils	Nos.	200000	200000	711
Dies, Moulds, Jigs and Fixtures	Nos.	400	90	**50
Automotive Clutches	Sets	300000	70000	43313
Vehicle Bodies	Nos.	10000	4000	15474
Water Pump	Nos.	60000	60000	36763
Automotive Brakes	Nos.	54000	24000	51972
Trailer/ Tippers	--	8000	--	--

NOTES :

* Includes 116 (154) Tonnes of casting produced for use in the production of Magnetos and Water pump and 1,382 (1,433) Tonnes produced with the Customers Materials.

** Out of which 10 (11) Dies Capitalized.

Installed Capacities as included above are those certified by the Management and accepted by Auditors.

GENERAL INFORMATION

No. of Employees :

150 (Approximately)

Customers :

End Users

Bankers :

· State Bank of India, CAG Branch, Voltas House, 23 JN Herdia Marg, Ballard Estate, Mumbai-400 001, Maharashtra, India

· Syndicate Bank, Chinchwad Branch, Pune

· Canara Bank, Branch Pimpri Pune, Station Road, Pimpri Pune-411018, Maharashtra, India

· Central Bank of India, Foreign Bills Department, Guarantee Section, Ewart House, Sir Honi Mody Station, Fort, Mumbai – 400 023, Maharashtra, India

Facilities :

Secured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. In Millions
a) Loans and Advances from a Bank on Cash Credit Account	180.457	172.357
b) Term Loan From Banks (due in next 12 Months Rs. 186.000 Millions/- (Rs. 35.000 Millions/-))	683.371	697.468
c) HDFC Bank Auto Loan	1.765	0.000
Total	865.593	869.825
Note: Item No. (a) is secured by Hypothecation of company’s Stock of Raw Materials, Stock-in – process, Stores, Finished Goods and Book Debts, present and future, situated at Akurdi and Urse, District Pune and Pithampur, District Dhar (M.P) Charges created in favour of bankers rarnk pari passu inter se. Item No. (b) is secured by first charge on all fixed assets (including equitable mortgage over land and buildings) and second charge on al current assets of the company, both present and future, situated at Akurdi and Urse, District Pune and Pithampur, District Dhar (M.P) Charges created in favour of bankers rank pari passu inter se.
Unsecured Loans	31.03.2010 Rs. in Millions	31.03.2009 Rs. In Millions
a) Fixed Deposits (Due in next 12 months Rs. 5.400 Millions)	43.231	14.531
b) Inter-corporate Deposits	0.600	0.530
c) Sales Tax Deferral Loan	138.587	136.667
Total	182.418	151.728

Banking Relations :	--
Auditors :
Name :	P G Bhagwat Chartered Accountant
Address :	Suite No. 101-102, ‘Orchard’, Dr. Pai Marg, Baner, Pune-411045, Maharashtra, India

CAPITAL STRUCTURE

AS ON 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
70000000	Equity Shares	Rs. 10/- each	Rs.700.000 millions
75000000	Preferences Shares	Rs. 10/- each	Rs.750.000 millions
	Total		Rs.1450.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70000000	Equity Shares	Rs. 10/- each	Rs.700.000 millions
75000000	Preferences Shares	Rs. 10/- each	Rs.750.000 millions
	Total		Rs.1450.000 millions

AFTER : 29.09.2010

Authorised Capital : Rs. 1465.000 millions

Issued, Subscribed & Paid-up Capital : Rs. 1450.000 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		1450.000	1050.000	750.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		165.000	165.000	62.782
4] (Accumulated Losses)		(451.741)	(328.617)	0.000
NETWORTH		1163.259	886.383	812.782
LOAN FUNDS
1] Secured Loans		865.593	869.825	967.314
2] Unsecured Loans		182.418	151.728	305.303
TOTAL BORROWING		1048.011	1021.553	1272.617
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2211.270	1907.936	2085.399
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1673.497	1657.337	1303.231
Capital work-in-progress		84.546	80.245	254.981
INVESTMENT		3.377	3.376	3.376
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	205.329	130.753	252.715
	Sundry Debtors	386.321	297.896	427.832
	Cash & Bank Balances	100.280	6.997	13.714
	Other Current Assets	0.339	0.282	0.317
	Loans & Advances	317.769	331.432	359.218
Total Current Assets		1010.038	767.360	1053.796
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	366.233	304.854	323.308
	Other Current Liabilities	132.142	189.681	97.203
	Provisions	61.813	105.847	109.474
Total Current Liabilities		560.188	600.382	529.985
Net Current Assets		449.850	166.978	523.811
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2211.270	1907.936	2085.399

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	1756.411	1323.190	1652.920
		Other Income	130.887	99.776	139.747
		TOTAL	1887.298	1422.966	1792.667
Less	EXPENSES
		Materials	1122.835	977.079	1144.429
		Other Expenditure	704.779	672.589	714.877
		Expenditure included in above items capitalized`	(36.167)	(27.233)	(35.547)
		Depreciation in respect of earlier year written back	0.000	0.000	(439.904)
		TOTAL	1791.447	1622.435	1383.855
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		95.851	(199.469)	408.812
Less/ Add	DEPRECIATION/ AMORTISATION		218.875	176.255	149.058
	PROFIT/ (LOSS) BEFORE TAX		(123.024)	(375.724)	259.754
Less	TAX		0.101	0.674	87.304
	PROFIT / (LOSS) AFTER TAX		(123.125)	(376.398)	172.450
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(381.295)	(4.897)	(177.347)
	BALANCE CARRIED TO THE B/S		(451.742)	(381.295)	(4.897)
	EARNINGS IN FOREIGN CURRENCY
		Direct Export	75.147	95.449	NA
		Deemed Export	0.000	4.969	NA
	TOTAL EARNINGS		75.147	100.418	NA
	IMPORTS
		Raw Materials	6.686	0.000	NA
		Stores & Spares	71.294	17.989	NA
		Capital Goods	103.576	152.864	NA
	TOTAL IMPORTS		181.556	170.853	NA
	Earnings Per Share (Rs.)		(1.76)	(9.31)	11.38

Particulars	31.03.2011
Sales Turnover (Approximately)	2150.000

The above information has been parted by Mr. Joshi.

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(6.52)	(26.45)	9.62
Net Profit Margin (PBT/Sales)	(%)	(7.00)	(28.40)	15.71
Return on Total Assets (PBT/Total Assets}	(%)	(4.58)	(15.50)	11.02
Return on Investment (ROI) (PBT/Networth)		(0.11)	(0.42)	0.32
Debt Equity Ratio (Total Liability/Networth)		1.38	1.83	2.22
Current Ratio (Current Asset/Current Liability)		1.80	1.28	1.99

LOCAL AGENCY FURTHER INFORMATION

SUNDRY CREDITORS DETAILS :

(Rs. In Millions)

Particulars	31.03.2010	31.03.2009	31.03.2008
Sundry Creditors	366.233	304.854	323.308

Check List by Info Agents	Available in Reports (Yes/No)
Year of Establishment	YES
Locality Of The Firm	YES
Constitution of the firm	YES
Premises Details	YES
Type of Business	YES
Line of Business	YES
Promotor’s background	--
No. of Employees	YES
Name of person contacted	YES
Designed of contact person	YES
Turnover of firm for last three years	YES
Profitability for last three years	NO
Reasons for variation <> 20%	NO
Estimation for coming financial year	NO
Capital of the business	YES
Details of Sister Concern	--
Major Suppliers	NO
Major Customers	YES
Payments Terms	YES
Export / Import details (if applicable)	YES
Market information	--
Litigation that the firm / promoter involved in	--
Banking details	YES
Banking facility details	NO
Conduct of the banking account	--
Buyer visit details	--
Financial, if provided	NO
Incorporation details, if applicable	--
Last accounts filed at ROC	--
Major Shareholders, if available	--

OPERATIONS

In spite of the effect of global economic slowdown, which commenced from the year 2008, on the first half of the financial year under report, the Company could achieve a turnover of Rs.1887.200 Millions as against a turnover of Rs.1422.900 Millions for the year 2008-09, representing an overall increase of 32.63%.

The performance of the Company in the various business during the year under report was as under :-

Division	Sales turnover Achieved (Rs. in Millions)	Increase/Decrease in percentage over Rs. sales turnover of 2008-09
Pressure Die Casting (PDC)	1056.838	61.91%
Gravity Die Casting (GDC)	310.014	54.18%
Auto Electricals	102.170	(56.42%)
Other	418.276	34.26%

The cash profit for the year was Rs.9.58 crores compared to loss of Rs.19.94 crores for the year 2008-09.

During the year, the Company could develop business relations with new customers like ZF India Private Limited, JCB India Limited. All development efforts in respect of supply of castings/auto parts to these new customers are completed and commercial supplies, in reasonable volumes, have commenced from April, 2010.

With these additions the Company has achieved the status of being a component supplier to all major Indian and foreign automobile manufacturers having manufacturing facilities in India, except for very few. This diversification, across the automobile market, is expected to assist the Company to withstand the segment-wise changes in that

industry. It is expected that the benefit of efforts of establishing relationships with auto manufacturers for a variety of products will yield good results in the coming years.

In view of substantial additions made by the Company in the facilities at Urse to establish larger capacities to manufacture PDC and GDC, the charge of depreciation stands increased from Rs.176.200 Millions for 2008-09 to Rs.218.800 Millions for the year 2009-10, representing an additional charge to the Profit and Loss Account of Rs. 42.600 Millions. In spite of such higher charge of depreciation, the profit/loss for the year under report stands substantially improved if compared to the results of financial year 2008-09. The Company expects further improvement, in this respect, during the current financial year, considering the trends prevalent in the first quarter of the current financial year 2010-11.

Constant changes and upward bias in the prices of Aluminium, being the basic raw material used by the Company, the performance of the Company, in spite of achievement of higher turnover, could not result in profit, after charging interest and depreciation. Considering the practices and the trends in the auto component industry, any increase in revenue realization from sale of manufactured parts so as to offset increase in raw material prices has certain lead time and this cost, during the intervening period, affects the profitability of the Company. This is what has happened in the year under report.

The Company has taken all measures such as recycling of material, Quality Circles, yield optimization to optimally use the raw material and reduce wastage so as to control the cost of material effectively.

In view of absence of profits, after depreciation, interest and tax, the Board of Directors of the Company is not in a position to recommend payment of any dividend on preference shares or equity shares issued by the Company.

CONTINGENT LIABILITIES:

Particulars	31.03.2010 Rs. in Millions
Taxation and other matters	67.509
Sales bills discounted	13.024
Out of Which
Bills since realized (up to 22.06.2010)	10.653

FORM : 8

Bankers Charges Report as per Registry

This form is for	Modification of charge
Charge identification number of the modified	80052456
Corporate identity number of the company	U7499PN 1947PLC005480
Name of the company	JAYA HIND INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	Mumbai-Pune Road, Pune-411035, Maharashtra, India
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	State Bank of India, CAG Branch, Voltas House, 23 JN Herdia Marg, Ballard Estate, Mumbai-400001, Maharashtra, India
Nature of description of the instrument creating or modifying the charge	Joint Deed of Hypothecation
Date of instrument Creating the charge	16.02.2009
Amount secured by the charge	Rs. 402.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest A per Sanction letter of the bank Terms of Repayment As per sanction letter of the bank Margin As per sanction letter of the bank Extent and Operation of the charge The working Capital facilities Rs. 402.500 Millions
Short particulars of the property charged	Hypothecation of whole of the current assets of the company namely, stocks in process, semi-finished and finished goods, raw material stores and spares not relating to plant and machinery (consumable stores and spares), bills receivables and book debts, both present and future.
Particulars of the present modification	By present joint deed of Hypothecation dated 16.02.2009 with the Working Capital facilities has been increased from Rs. 322.500 Millions to Rs. 402.500 Millions

TRADE REFERENCES:

• TATA
• Hero Honda

FIXED ASSETS:

• Freehold Land
• Lease Hold Land
• Buildings
• Plant and Machinery
• Electrical Installation
• Dies, Jigs and Fixture
• Furniture and Equipments
• Vehicles
• Computers

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	Indian Rupees
US Dollar	1	Rs. 48.87
UK Pound	1	Rs. 78.11
Euro	1	Rs. 68.36

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	-
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--MARGINS	-5~5	-
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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		29

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

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.