1. Summary Information

		Country	India
Company Name	A G INDUSTRIES PRIVATE LIMITED	Principal Name 1	Mrs. Geeta Anand
Status	Satisfactory	Principal Name 2	Mrs. Aniesha Munjal
		Registration #	05-031378
Street Address	Plot No-GP-9, HSIDC Industrial Area, Sector 18, Gurgaon-122015, Haryana, India
Established Date	19.08.1991	SIC Code	--
Telephone#	91-124-2345820 / 2341735 / 2345821	Business Style 1	Manufacturer
Fax #	91-124-2345820	Business Style 2	--
Homepage	http://www.agindus.com	Product Name 1	Plastic Moulded Components
# of employees	--	Product Name 2	--
Paid up capital	Rs.49,950,000/-	Product Name 3	--
Shareholders	Directors or Relatives of Director (25.32%). Other top fifty shareholders (74.68%).	Banking	Yes Bank Limited
Public Limited Corp.	NO	Business Period	21 years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (50)
Related Company
Relation	Country	Company Name
Subsidiary	--	Tuning Point Exports Private Limited
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,274,233,000	Current Liabilities	531,540,000
Inventories	126,228,000	Long-term Liabilities	561,956,000
Fixed Assets	1,261,884,000	Other Liabilities	303,583,000
Deferred Assets	000	Total Liabilities	1,397,079,000
Invest& other Assets	104,775,000	Retained Earnings	560,385,000
		Net Worth	1,370,041,000
Total Assets	2,767,120,000	Total Liab. & Equity	2,767,120,000
Total Assets (Previous Year)	2,390,483,000
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	4,377,514,000	Net Profit	169,801,000
Sales(Previous yr)	3,189,110,000	Net Profit(Prev.yr)	177,610,000

MIRA INFORM REPORT

Report Date :

18.11.2011

IDENTIFICATION DETAILS

Name :	A G INDUSTRIES PRIVATE LIMITED
Registered Office :	Plot No-GP-9, HSIDC Industrial Area, Sector 18, Gurgaon-122015, Haryana
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.08.1991
Com. Reg. No.:	05-031378
Capital Investment/ Paid-up Capital:	Rs.49.950 millions
CIN No.: [Company Identification No.]	U27300HR1991PTC031378
TAN No.: [Tax Deduction & Collection Account No.]	RTKA02785G
PAN No.: [Permanent Account No.]	AAACA0885C
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Plastic Moulded Components which are used in various Sector Like Automotive, Engineering and Consumer Durables.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	USD 5400000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered normal 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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office / Gurgaon Unit :	Plot No-GP-9, HSIDC Industrial Area, Sector 18, Gurgaon-122015, Haryana, India
Tel. No.:	91-124-2345820 / 2341735 / 2345821 / 4604700 (Hunting)
Fax No.:	91-124-2345820
E-Mail :	ajaysanwalka@yahoo.co.in agi@agindus.com imehta@agindus.com
Website :	http://www.agindus.com
Haridwar Unit :	Plot No. 3/P9, Sector-10, Integrated Estate, Haridawar, India
Tel. No.:	91-1334-239801 / 04
Fax No.:	91-1334-239800
IMT Manesar Unit :	Plot No.8, Sector – 3, IMt Manesar, Gurgaon – 122050, Haryana, Idnia
Tel. No.:	91-124-4604800 (Hunting)
Fax No.:	91-124-2290774

DIRECTORS

(AS ON 30.09.2010)

Name :

Mrs. Geeta Anand

Designation :

Managing Director

Address :

S-66, First Floor, Greater Kailash-I, New Delhi-110048, Delhi, India

Date of Birth/Age :

18.01.1951

Date of Appointment :

19.08.1991

DIN No. :

00078091

Other Directorship :

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	U27300HR1991PTC031378	A G Industries Private Limited	Director	19/08/1991	19/08/1991	-	Active	NO
2	U00330DL2005PTC138181	Ag Industries (Bawal) Private Limited	Director	30/04/2008	30/04/2008	-	Active	NO
3	U51311DL2004PTC127500	Turning Point Exports Private Limited	Director	1/9/2009	1/9/2009	-	Active	NO

Name :

Mrs. Aniesha Munjal

Designation :

Director

Address :

B-109, Greater Kailash-I, New Delhi-110048, Delhi, India

Date of Birth/Age :

24.09.1956

Date of Appointment :

24.03.1992

DIN No. :

00327225

Other Directorship :

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	U27300HR1991PTC031378	A G Industries Private Limited	Director	24/03/1992	24/03/1992	-	Active	NO
2	U15134DL2004PTC128331	Cosmic Kitchen Private Limited	Director	13/08/2006	13/08/2006	-	Active	NO

Top of Form

Bottom of Form

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2010)

Names of Shareholders	No. of Shares
Geeta Anand	1264900
Aniesha Munjal	100
Orchid Trust, India	3730000
Total	4995000

Equity Share Breakup

(AS ON 30.09.2010)

Category	Percentage
Directors or relatives of directors	25.32
Other top fifty shareholders	74.68
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Plastic Moulded Components which are used in various Sector Like Automotive, Engineering and Consumer Durables.

PRODUCTION STATUS AS ON 31.03.2010

Particulars	Unit	Installed Capacity	Actual Production
Plastic Molded Components	PCS	72838100	57697447

Note:

1. Installed capacity is as certified by the management and not verified by auditors being a technical matters

GENERAL INFORMATION

Customers :

· Autoliv

· Minda

· Autofit

· Indian Japan Lightings

· Hero Honda

· Honda

· Deeya Energy

No. of Employees :

Not Available

Bankers :

· Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Basant Road, Worli, Mumbai-400018, Maharashtra, India

· Citibank N.A, Jeevan Vihar, 3 Sansad Marg, New Delhi-110001, Delhi, India

Facilities :

(Rs. in millions)

Secured Loans	As on 31.03.2010	As on 31.03.2009
Citi Bank-Cash Credit	82.531	125.584
Cash Credit Yes Bank Limited [Secured by Hypothecation of Inventories and Book Debts]	90.000	0.000
FCNR Working Capotal Loan – Citi Bank [194099378.88 yen @ 0.5152 value as on 31.03.2010@0.5275]	102.387	0.000
Foreign Buyer Credit (CITI)	61.082	0.000
Car Loan-Kotak Mahindra Prime [Secured by hypothecation of Car]	0.191	0.904
Citi Bank [Foreign Currency Loan]	54.050	56.078
Citi Bank [Term Loan]	120.000	160.000
Total	510.241	342.566

(Rs. in millions)

Unsecured Loans	As on 31.03.2010	As on 31.03.2009
Orchid Trust (Shareholder’s Loan)	45.375	38.804
Saaffron enterprises	2.772	0.000
Mrs. Geeta Anad	3.568	0.000
Total	51.715	38.805

Banking Relations :	--
Auditors :
Name :	A. B. Sanwalka and Company Chartered Accountant
Address :	3J, Gopala Towers, Rajindra Place, New Delhi-110008, India
Mobile No.:	91-9911405413
Income-tax PAN of auditor or auditor’s firm :	AALFA5215A
Subsidiary :	Turning Points Exports Private Limited CIN No. : U51311DL2004PTC127500

CAPITAL STRUCTURE

(AS ON 31.03.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Share	Rs.10/- each	Rs.60.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4995000	Equity Share	Rs.10/- each	Rs.49.950 millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010 (consolidated)	31.03.2009 (consolidated)	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		49.500	49.950	49.950
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		560.385	543.012	1039.714
4] (Accumulated Losses)		759.706	637.498	0.000
NETWORTH		1370.041	1230.460	1089.664
LOAN FUNDS
1] Secured Loans		510.241	342.566	237.946
2] Unsecured Loans		51.715	38.805	9.519
TOTAL BORROWING		561.956	381.371	247.465
DEFERRED TAX LIABILITIES		63.943	71.311	114.987
TOTAL		1995.940	1687.920	1452.116
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1261.884	1214.343	681.405
Capital work-in-progress		9.154	5.754	242.204
INVESTMENT		91.388	95.300	123.856
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	126.228	68.099	43.638
	Sundry Debtors	546.628	527.607	241.875
	Cash & Bank Balances	30.252	27.172	43.270
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	697.353	452.164	484.205
Total Current Assets		1400.461	1075.042	812.988
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	449.380	397.590	139.171
	Other Current Liabilities	82.160	62.017	23.696
	Provisions	239.640	242.956	259.618
Total Current Liabilities		771.180	702.563	422.485
Net Current Assets		629.281	372.479	390.503
MISCELLANEOUS EXPENSES		4.233	0.442	14.148
TOTAL		1995.940	1687.920	1452.116

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income	4377.514	3189.110	2616.484
		Other Income	16.554	18.915	NA
		TOTAL (A)	4394.068	3208.025	NA
Less	EXPENSES
		Raw Materials Consumed	3223.037	2253.752
		Manufacturing Expenses	381.930	346.956
		Payment and Benefit to Employees	242.815	152.370
		Other Operating Expenses	95.882	76.682	NA
		Increase / (Decrease) in stock	(11.122)	(5.057)
		Other Expenses	0.000	0.000
		TOTAL (B)	3932.542	2824.703	NA
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		461.526	383.322	330.140
Less	FINANCIAL EXPENSES (D)		60.057	46.877	18.856
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		401.469	336.445	311.284
Less/ Add	DEPRECIATION/ AMORTISATION (F)		158.212	143.227	59.451
	PROFIT BEFORE TAX (E-F) (G)		243.257	193.218	251.833
Less	TAX (H)		73.456	15.608	82.500
	PROFIT AFTER TAX (G-H) (I)		169.801	177.610	169.333
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		637.498	1039.714	0.000
Less	APPROPRIATIONS
		Transfer to General Reserve	16.980	542.614	0.000
		Interim Dividend Paid	0.000	24.975	9.990
		Proposed Dividend	14.985	4.995	2.497
		Tax on Dividend	2.489	5.093	0.000
		Self Assesment Wealth Tax	0.062	0.187	0.000
		Service Tax on Freight	0.000	0.022	0.000
		Adjustment pertaining to last year:	0.000	0.000	0.000
		Previous Year Expenses	13.077	0.000	0.000
		FBT Paid	0.000	1.263	0.000
		Income Tax Paid	0.000	0.677	0.000
	BALANCE CARRIED TO THE B/S		759.706	637.498	0.000
	IMPORTS
		Raw Materials	2.900	7.943	0.627
		Capital Goods	151.543	107.299	1.362
	TOTAL IMPORTS		154.443	115.242	1.989
	Earnings Per Share (Rs.)		--	39	--

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.20085
PAT / Total Income	(%)	3.86	5.54	NA
Net Profit Margin (PBT/Sales)	(%)	5.56	6.06	9.62
Return on Total Assets (PBT/Total Assets}	(%)	9.14	14.98	16.85
Return on Investment (ROI) (PBT/Networth)		0.18	0.16	0.23
Debt Equity Ratio (Total Liability/Networth)		0.97	0.88	0.61
Current Ratio (Current Asset/Current Liability)		1.82	1.53	1.92

LOCAL AGENCY FURTHER INFORMATION

CONTINGENT LIABILITIES NOT PROVIDED FOR:

a) Estimated amount of contracts remaining to be executed on Capital Account (including contracts to be finalized) and not provided for, as on 31.03.2010 is Rs.31.580 millions. (Previous Year: Rs.5.247 millions).

b) Bank Guarantee given by the bankers on behalf of the Company’s Haridwar Plant to sale tax deptt. For Rs.5.000 millions (Previous Year: Rs.5.000 millions).

Guarantee given to Kotak Mahindra Bank Limited on behalf of A. T. Plastotech Private Limited for Rs.15.000 millions (Previous Year: Rs.15.000 millions).

FORM 8:

Corporate identity number of the company	U27300HR1991PTC031378
Name of the company	A G INDUSTRIES PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No-GP-9, HSIDC Industrial Area, Sector 18, Gurgaon-122015, Haryana, India E-Mail Id: ajaysanwalka@yahoo.co.in
This form is for	Modification of charge
Charge identification number of the charge to be modified	10217721
Type of charge	Book Debts Movable Property Floating Charge Others-All Current Assets and Movable Fixed Assets
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Basant Road, Worli, Mumbai-400018, Maharashtra, India E-Mail Id: delhicadmidoffice@yesbank.in
Nature of instrument creating charge	Supplemental Deed of Hypothecation dated April 26, 2011.
Date of instrument Creating the charge	26.04.2011
Amount secured by the charge	Rs.350.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	a) Rate of Interest WCDL/ LC-1/ BC1/ SBD/ VBD/ SBD/ ID/ LC2/ BC2: To be decided CC: YES Bank Base Rate plus 4.00% per annum b) Terms of Repayment Working Capital Demand Loan (WCDL): Bullet Repayment at the end of the tenor Cash Credit (CC): Payable on demand Letter of Credit - 1 (LC-1)/ Buyer's Credit - 1 (BC-1)/ Supplier's Bill Discounting (SBD)/ Vendor Bill Discounting (VBD)/ Sales Bill Discounting (SBD)/ Invoice Discounting (ID)/ Letter of Credit - 2 (LC-2)/ Buyer's Credit (BC-2): NA c) Margin WCDL/ CC: 25% of [Debtors (not more than 90 days old) plus Stocks minus Creditors] LC-1/ BC-1/ SBD/ VBD/ SBD/ ID/ LC-2/ BC-2: NA d) Extent and operation of the charge First Pari Passu charge on Stocks and Book Debts of the borrower (both present and future) Second Pari Passu charge on Movable Fixed Assets (including plant and machinery) of the borrower (both present and future)
Short Particulars of the property charged	i) First Pari Passu charge on whole of the stocks and book debts of the borrower's stocks of raw material, semi-finished and finished goods, stores and spares and bills receivables (both present and future) ii) Second Pari Passu charge on whole of the movable fixed assets of the borrower (including plant and machinery) located anywhere in India (both present and future)
Particulars of the present modification	Modification pursuant to following:- 1. WCDL: INR 150 MM only Sub Limit of 1 1a. CC: INR 75 MM only 1b. Fresh LC-1: INR 100 MM only 1c. Fresh BC-1: INR 100 MM only 1d. SBD/ VBD/ SBD/ ID: INR 150 MM only 2. Fresh LC-2: INR 200 MM only Sub Limit of 2

FIXED ASSETS

• Land
• Building
• Office Equipments
• Plant and Machinery
• Computer
• Vehicle
• 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 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.50.72
UK Pound	1	Rs.79.87
Euro	1	Rs.68.46

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.