1. Summary Information

		Country	India
Company Name	SMI Amtek Crankshaft Private Limited	Principal Name 1	Mr. Gautam Malhotra
Status	New Company	Principal Name 2	Mr. Sanjay Tiku
		Registration #	55-039424
Street Address	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana, India
Established Date	31.08.2009	SIC Code	--
Telephone#	91-127-4244163	Business Style 1	Manufacturer and Exporter
Fax #	91-127-4244395	Business Style 2	Importer
Homepage	http://www.amtek.com	Product Name 1	Auto Components
# of employees	50 (Approximately)	Product Name 2	Raw Materials
Paid up capital	Rs.1,90,000/-	Product Name 3	Finished Goods
Shareholders	Foreign holdings -50.00%, Bodies corporate- 50.00%	Banking	Axis Bank, Delhi, India
Public Limited Corp.	No	Business Period	2 years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (29)
Related Company
Relation	Country	Company Name	CEO
Joint Ventures Company	Japan	Sumitomo Corporation	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2010		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,000,000	Current Liabilities	513,000
Inventories	0,000	Long-term Liabilities	0,000
Fixed Assets	0,000	Other Liabilities	0,000
Deferred Assets	0,000	Total Liabilities	513,000
Invest& other Assets	0,000	Retained Earnings	810,000
		Net Worth	487,000
Total Assets	1,000,000	Total Liab. & Equity	1,000,000
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2010		(Unit: Indian Rs.)
Sales	--	Net Profit	--
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

15.10.2011

IDENTIFICATION DETAILS

Name :	SMI AMTEK CRANKSHAFT PRIVATE LIMITED
Registered Office :	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	31.08.2009
Com. Reg. No.:	55-039424
Capital Investment / Paid-up Capital :	Rs.0.190 Million
CIN No.: [Company Identification No.]	U34101HR2009PTC039424
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer and Exporter of Auto Components and Importer of Raw Materials and Finished Goods.
No. of Employees :	50 (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 2000
Status :	New Company
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a joint venture between Amtek Auto Limited and Sumitomo Metal Industries Limited. It is a relatively new company establishing itself gradually. The company started its business a its business activities from April, 2010. The company has achieved sizable turnover in its very first year of operation. Trade relations are reported as fair. Business is active. Payments are unknown. 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.

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

INFORMATION PARTED BY

Name :	Mr. Dinesh
Designation :	Accounts Department
Contact No.:	91-9812783189
Date :	14.10.2011

LOCATIONS

Registered Office :	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana, India
Tel. No.:	91-127-4244163
Mobile No.:	91-9254303970 (Mr. Ryosuke Nobuyoshi) 91-9812550704 (Mr. Ramesh Puranik) 91-9812783189 (Mr. Dinesh)
Fax No.:	91-127-4244395
E-Mail :	smi.amtek@rediffmail.com puranik@amtek.com ramesh.puranik@amtek.com dinesh.kumar@amtek.com
Website :	http://www.amtek.com
Location :	Owned

DIRECTORS

(AS ON 20.12.2010)

Name :

Mr. Gautam Malhotra

Designation :

Additional Director

Address :

B-7, Geetanjali Enclave, New Delhi – 110017, India

Date of Appointment :

20.04.2010

DIN No.:

00157488

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	U65993DL1996PTC082102	W.L.D. INVESTMENTS PRIVATE LIMITED	Director	25-09-96	25-09-96	-	Active	YES
2	U45201DL2002PTC113851	INNOVATEIVE BUILD TECH PRIVATE LIMITED	Director	17-01-02	17-01-02	-	Active	NO
3	U67120CH1987PTC007850	ANUBHAV HOLDINGS PRIVATE LIMITED	Director	26-02-03	26-02-03	-	Active	NO
4	U17110MH1987PTC042675	KAMAKSHI SILK MILLS PRIVATE LIMITED	Director	24-07-03	24-07-03	-	Active	NO
5	L65993DL1989PLC035409	ALLIANCE INTEGRATED METALIKS LIMITED	Director	08-05-04	08-05-04	-	Active	NO
6	U70101DL2005PTC135377	ZEALOUS DEVELOPERS PRIVATE LIMITED	Director	23-06-05	23-06-05	-	Active	NO
7	U70101DL2005PTC133236	JUVENILE ESTATE DEVELOPERS PRIVATE LIMITED	Director	25-06-05	25-06-05	-	Active	NO
8	L28910MH1977PLC019569	AHMEDNAGAR FORGINGS LIMITED	Director	30-12-06	12-06-06	-	Active	NO
9	L65921HR1983PLC033789	AMTEK INDIA LIMITED	Managing director	31-12-08	31-01-08	-	Active	NO
10	U74899DL1996PTC080538	ALLDERS KHANNAS INTERNATIONAL PRIVATE LIMITED	Director	19-08-08	19-08-08	15-02-10	Active	NO
11	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20-12-10	20-04-10	-	Active	NO
12	U74899DL1994PTC060744	AISA INTERNATIONAL PRIVATE LIMITED	Additional director	01-07-11	01-07-11	-	Active	NO
13	U74899DL1994PLC062969	AMTEK LABORATORIES LIMITED	Additional director	01-07-11	01-07-11	-	Active	NO

Name :

Mr. Sanjay Tiku

Designation :

Additional Director

Address :

D-5/80, Sector 15, Rohini, Delhi – 110085, India

Date of Appointment :

20.04.2010

DIN No.:

00300566

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	U70101DL2005PTC133346	VIGIL REAL ESTATES PRIVATE LIMITED	Director	24-06-05	24-06-05	03-12-07	Active	NO
2	U70101DL2005PTC132369	PERFECTION ESTATE DEVELOPERS PRIVATE LIMITED	Director	25-06-05	25-06-05	-	Active	NO
3	U70101DL1997PTC088415	SUNTAX ESTATES PRIVATE LIMITED	Director	25-08-05	25-08-05	-	Active	NO
4	U74899DL1989PTC036393	SANDSTORM PROPERTIES PRIVATE LIMITED	Director	08-09-05	08-09-05	30-04-07	Active	YES
5	U24232DL2005PTC137325	VELOCITY CHEMICALS PRIVATE LIMITED	Director	21-11-05	21-11-05	04-10-07	Active	NO
6	U74899DL2005PTC143178	GOPAL KRISHAN BUILDPROP PRIVATE LIMITED	Director	06-12-05	06-12-05	-	Active	NO
7	U74899DL2005PTC143179	SAARTHI BUILDPROP PRIVATE LIMITED	Director	06-12-05	06-12-05	15-01-10	Active	NO
8	U45201DL2005PTC143338	PRESTIGE BUILDCON PRIVATE LIMITED	Director	22-12-05	22-12-05	-	Active	NO
9	U74899DL2005PTC143339	PRIMUS REAL ESTATES PRIVATE LIMITED	Director	23-12-05	23-12-05	-	Active	NO
10	U45201DL2005PTC143983	SEVEN STAR REAL ESTATE PRIVATE LIMITED	Director	26-12-05	26-12-05	-	Active	NO
11	U74140DL2005PLC140221	SYMBIOS PERSONNEL ADVICES AND SERVICES LIMITED	Director	26-12-05	26-12-05	-	Active	NO
12	U45201DL2005PTC143340	REX BUILDERS PRIVATE LIMITED	Director	30-12-05	30-12-05	15-01-10	Active	NO
13	U74899DL2005PTC143984	CHOICE MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	19-01-06	19-01-06	03-11-08	Active	NO
14	U45201DL2005PTC143461	INDIGO BUILDCON PRIVATE LIMITED	Director	02-02-06	02-02-06	02-01-10	Active	NO
15	U70101DL2006PTC146095	DHANPAT PROPERTIES PRIVATE LIMITED	Director	08-02-06	08-02-06	10-11-07	Active	NO
16	U74140DL2006PTC145274	INDIGO MANAGEMENT CONSULTANCY PRIVATE LIMITED	Director	10-02-06	10-02-06	04-10-07	Active	NO
17	U45201DL2006PTC145273	PHENOM DEVELOPERS PRIVATE LIMITED	Director	10-02-06	10-02-06	02-01-10	Active	NO
18	U70101DL2006PTC146625	RUDRAKSH BUILDROP PRIVATE LIMITED	Director	21-02-06	21-02-06	03-12-07	Active	NO
19	U45201DL2006PTC146809	SANGAM BUILDWELL PRIVATE LIMITED	Director	24-02-06	24-02-06	15-01-10	Active	NO
20	U45201DL2006PTC146808	RISTA DEVELOPERS PRIVATE LIMITED	Director	24-02-06	24-02-06	03-12-07	Active	NO
21	U45201DL2006PTC147429	PRAYSH BUILDTECH PRIVATE LIMITED	Director	13-03-06	13-03-06	04-05-10	Active	YES
22	U45201DL2006PTC147430	DILKHUSH BUILDTECH PRIVATE LIMITED	Director	13-03-06	13-03-06	10-11-07	Active	NO
23	U45201DL2006PTC147683	SONALI BUILDCON PRIVATE LIMITED	Director	17-03-06	17-03-06	10-11-07	Active	NO
24	U70101DL2005PTC135377	ZEALOUS DEVELOPERS PRIVATE LIMITED	Director	26-06-06	26-06-06	-	Active	NO
25	U70109DL2006PTC151070	GARIMA BUILDPROP PRIVATE LIMITED.	Director	04-08-06	04-08-06	01-04-09	Active	YES
26	U70109DL2006PTC152747	BHAGIRATH BUILDCON PRIVATE LIMITED.	Director	30-08-06	30-08-06	-	Active	NO
27	U70109DL2006PTC153015	AAKRITI BUILDPROP PRIVATE LIMITED.	Director	04-09-06	04-09-06	-	Active	NO
28	U70101DL2006PLC146097	LOTUS BUILDTECH LIMITED	Director	10-10-06	10-10-06	25-11-10	Active	NO
29	U70109DL2006PTC155582	ARYAHI BUILDWELL PRIVATE LIMITED	Director	16-11-06	16-11-06	04-10-07	Active	NO
30	U45200DL2006PTC156087	OURANI BUILDWELL PRIVATE LIMITED	Director	01-12-06	01-12-06	20-09-10	Active	NO
31	U70101DL2006PTC148207	VAIRAGI REAL ESTATE PRIVATE LIMITED	Director	27-02-07	27-02-07	01-10-08	Active	NO
32	U40109DL2006PLC154857	ALLIANCE HYDRO POWER LIMITED.	Director	26-03-07	26-03-07	25-11-10	Active	NO
33	U74120DL2007PTC162091	SOLUTION WITH STYLE CONSULTANTS PRIVATE LIMITED	Director	10-06-07	10-06-07	08-06-11	Active	NO
34	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	30-09-08	15-01-08	01-10-09	Active	NO
35	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Additional director	19-02-08	19-02-08	-	Active	YES
36	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Director	24-09-09	17-08-08	14-06-11	Active	NO
37	U72900DL2000PTC103162	QUALITY ENABLED REMOTE SOLUTIONS PRIVATE LIMITED	Director	30-08-08	30-08-08	-	Active	NO
38	U27106DL2005PLC138437	AMTEK TEKFOR AUTOMOTIVE LIMITED	Director	30-09-09	20-06-09	-	Active	NO
39	U75220DL2009PLC197119	AMTEK DEFENCE TECHNOLOGIES LIMITED	Director	18-12-09	18-12-09	-	Active	NO
40	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20-12-10	20-04-10	-	Active	NO
41	U28991MP1984PLC002420	WHF PRECISION FORGINGS LIMITED	Additional director	14-05-10	14-05-10	10-12-10	Active	NO
42	U35122DL2010PLC208017	AMTEK BRAKE SYSTEMS LIMITED	Director	08-09-10	08-09-10	-	Active	NO
43	U29220DL2010PLC208036	AMTEK HEAVY ENGINEERING INDUSTRIES LIMITED	Director	09-09-10	09-09-10	25-11-10	Active	NO
44	U31500DL2010PTC210301	AMZEN TECHNOLOGIES PRIVATE LIMITED	Director	10-11-10	10-11-10	-	Active	NO
45	U29253DL2010PTC210299	AMZEN MACHINES PRIVATE LIMITED	Director	10-11-10	10-11-10	25-05-11	Active	NO
46	U35990DL2010PTC210479	STELLAR SPECIALITY VEHICLES PRIVATE LIMITED	Director	16-11-10	16-11-10	-	Active	NO
47	U27100DL2010PLC210693	PRECISION IRON CASTING LIMITED	Director	23-11-10	23-11-10	-	Strike off	NO
48	U29220DL2010PLC210772	LOTUS AUTO ENGINEERING LIMITED	Director	25-11-10	25-11-10	-	Active	NO
49	U34300DL2010PLC210811	ARON AUTO LIMITED	Director	26-11-10	26-11-10	-	Active	NO
50	U34300DL2010PLC210810	STRIDE AUTOPARTS LIMITED	Director	26-11-10	26-11-10	-	Active	NO
51	U29256DL2010PLC210985	BAHL AUTOENGINEERING LIMITED	Director	01-12-10	01-12-10	-	Strike off	NO
52	L34300HR1968PLC004844	ROLLATAINERS LIMITED	Director	30-12-10	02-12-10	-	Active	NO
53	U34100DL2010PLC211091	ODISHA AUTO LIMITED	Director	06-12-10	06-12-10	-	Under Process of Striking off	NO
54	U34300DL2010PLC211170	AQUA AUTOPARTS LIMITED	Director	07-12-10	07-12-10	-	Under Process of Striking off	NO
55	U29130DL2010PLC211202	COMPAQ IRON CASTINGS LIMITED	Director	08-12-10	08-12-10	-	Strike off	NO
56	U70101DL2010PTC211201	MOZART INFRASTRUCTURE PRIVATE LIMITED	Director	08-12-10	08-12-10	-	Under Process of Striking off	NO
57	U34300DL2010PLC211485	FINESSE HEAVYENGINEERING LIMITED	Director	16-12-10	16-12-10	-	Under Process of Striking off	NO
58	U29292DL2011PLC212168	AQUA IRON CASTING LIMITED	Director	04-01-11	04-01-11	-	Strike off	NO
59	U34300DL2011PLC212478	BENSON AUTO COMPONENTS LIMITED	Director	12-01-11	12-01-11	-	Under Process of Striking off	NO

Name :

Mr. Avijit Banerjee

Designation :

Director

Address :

K-1995, Ground Floor, Chittaranjan Park, New Delhi, India

Date of Birth/Age :

29.10.1949

Date of Appointment :

31.08.2009

DIN No.:

01357534

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	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	23-12-06	23-12-06	-	Active	NO
2	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Additional director	19-02-08	19-02-08	-	Active	YES
3	U27100HR2008PLC040838	AMTEK TRANSPORTATION SYSTEMS LIMITED	Additional director	11-06-08	11-06-08	-	Active	NO
4	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Additional director	10-09-08	10-09-08	18-06-09	Active	NO
5	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	31-08-09	31-08-09	-	Active	NO
6	U29246DL2007PLC171591	AMTEK RAILCAR LIMITED	Additional director	14-05-10	14-05-10	-	Active	YES
7	U29253DL2010PTC210299	AMZEN MACHINES PRIVATE LIMITED	Director	10-11-10	10-11-10	25-05-11	Active	NO
8	U31500DL2010PTC210301	AMZEN TECHNOLOGIES PRIVATE LIMITED	Director	10-11-10	10-11-10	-	Active	NO
9	U35990DL2010PTC210479	STELLAR SPECIALITY VEHICLES PRIVATE LIMITED	Director	16-11-10	16-11-10	-	Active	NO
10	U29220DL2010PLC210772	LOTUS AUTO ENGINEERING LIMITED	Director	25-11-10	25-11-10	-	Active	NO
11	U34300DL2010PLC210966	KIZEN SPARE AUTOPARTS LIMITED	Director	01-12-10	01-12-10	-	Under Process of Striking off	NO
12	U34300DL2010PLC211170	AQUA AUTOPARTS LIMITED	Director	07-12-10	07-12-10	-	Under Process of Striking off	NO
13	U29130DL2010PLC211202	COMPAQ IRON CASTINGS LIMITED	Director	08-12-10	08-12-10	-	Strike off	NO
14	U27100DL2010PLC211374	ODISHA STEEL AND POWER LIMITED	Director	13-12-10	13-12-10	-	Under Process of Striking off	NO
15	U34300DL2010PLC211485	FINESSE HEAVYENGINEERING LIMITED	Director	16-12-10	16-12-10	-	Under Process of Striking off	NO
16	U70101DL2010PTC211637	UPMARK REAL ESTATES PRIVATE LIMITED	Director	21-12-10	21-12-10	-	Active	NO
17	U70200DL2010PTC211633	CONOISSEUR BUILDERS PRIVATE LIMITED	Director	21-12-10	21-12-10	-	Under Process of Striking off	NO
18	U70102DL2010PTC211631	KIZEN BUILDTECH PRIVATE LIMITED	Director	21-12-10	21-12-10	-	Under Process of Striking off	NO
19	U34100DL2010PLC211602	CONOISSEUR AUTO LIMITED	Director	21-12-10	21-12-10	-	Strike off	NO
20	U34100DL2010PLC211712	ARROW SPAREAUTO PARTS LIMITED	Director	23-12-10	23-12-10	-	Under Process of Striking off	NO
21	U29292DL2011PLC212168	AQUA IRON CASTING LIMITED	Director	04-01-11	04-01-11	-	Strike off	NO
22	U34300DL2011PLC212478	BENSON AUTO COMPONENTS LIMITED	Director	12-01-11	12-01-11	-	Under Process of Striking off	NO
23	U29300DL2011PTC219078	AMERTEC SYSTEMS PRIVATE LIMITED	Director	12-05-11	12-05-11	-	Active	NO

Name :

Mr. John Ernest Filintham

Designation :

Additional Director

Address :

The Grayes, Main Street, Cropthorne, Pershore, Worcestershire, WR103LU, United Kingdom

Date of Appointment :

20.04.2010

DIN No.:

01463500

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	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	23-12-06	23-12-06	-	Active	NO
2	U27106DL2005PLC138437	AMTEK TEKFOR AUTOMOTIVE LIMITED	Managing director	25-02-09	24-04-07	-	Active	NO
3	L27230HR1988PLC030333	AMTEK AUTO LIMITED	Director	31-07-07	31-07-07	-	Active	NO
4	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Director	18-10-07	18-10-07	-	Active	YES
5	U27100HR2008PLC040838	AMTEK TRANSPORTATION SYSTEMS LIMITED	Director	10-06-08	10-06-08	11-06-08	Active	NO
6	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Director	24-09-09	18-07-08	-	Active	NO
7	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20-12-10	20-04-10	-	Active	NO

Name :

Mr. Shinji Morinobu

Designation :

Director

Address :

2-457-3-604, Tamanawa, Kamakura Shi Kanagawa – 2470071, Japan

Date of Birth/Age :

08.09.1953

Date of Appointment :

31.08.2009

DIN No.:

02673170

Name :

Mr. Ryosuke Nobuyoshi

Designation :

Additional Director

Address :

2-11-6 Hikarigaoka, Takarazuka Shi Hyogo – 6650015, Japan

Date of Appointment :

20.12.2010

DIN No.:

02732700

Name :

Mr. Ramesh Puranik

Designation :

Director

KEY EXECUTIVES

Name :	Mr. Dinesh
Designation :	Accounts Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 20.04.2010)

Names of Allottee	No. of Shares (Preference) Allotted
Amtek Auto Limited, India	2695000
Sumitomo Corporation, Japan	536150
Sumitomo Metal Industries Limited, Japan	2158850
Total	5390000

(AS ON 18.01.2010)

Names of Allottee	No. of (Equity) Shares Allotted
Amtek Auto Limited, India	4500
Shinji Morinobu, Japan	4500
Total	9000

(AS ON 30.12.2010)

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Auto Components and Importer of Raw Materials and Finished Goods.
Exports :
Products :	Auto Components
Countries :	UK
Imports :
Products :	· Raw Materials · Finished Goods
Countries :	· Italy · USA
Terms :
Selling :	L/C (90 days)
Purchasing :	L/C (90 days)

GENERAL INFORMATION

Customers :	OEM’s · Tata Auto
Suppliers :	· Mahindra and Mahindra
No. of Employees :	50 (Approximately)
Bankers :	· Axis Bank, Delhi, India · Nizuho Corporate Bank, Delhi, India

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountant
Address :	Building No.10, 8^th Floor, Tower – B, DLF Cyber City, Phase – II, Gurgaon – 122002, Haryana, India
PAN No.:	AAAFB9852F
Joint Ventures Companies:	· Amtek Auto Limited, India · Sumitomo Metal Industries Limited, Japan · Sumitomo Corporation, Japan

CAPITAL STRUCTURE

(AS ON 20.12.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Share	Rs.10/- each	Rs.60.000 Millions
6000000	Preference Shares	Re.1/- each	Rs.6.000 Millions
	Total		Rs.66.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19000	Equity Share	Rs.10/- each	Rs.0.190 Million
5390000	Preference Shares	Re.1/- each	Rs.5.390 Millions
	Total		Rs.5.580 Millions

(AS ON 31.03.2010)

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Share	Rs.10/- each	Rs.60.000 Millions
6000000	Preference Shares	Re.1/- each	Rs.6.000 Millions
	Total		Rs.66.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
19000	Equity Share	Rs.10/- each	Rs.0.190 Million

NOTE

9,500 equity shares are held by Amtek Auto Limited and the balance 9,500 equity shares are held equally Sumitomo Metal Industries Limited, Japan and Sumitomo Corporation, Japan, respectively).

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.190
2] Share Application Money		0.000
3] Reserves & Surplus		0.810
4] (Accumulated Losses)		(0.513)
NETWORTH		0.487
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		0.000
TOTAL		0.487
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.000
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000
	Sundry Debtors	0.000
	Cash & Bank Balances	1.000
	Other Current Assets	0.000
	Loans & Advances	0.000
Total Current Assets		1.000
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	0.513
	Other Current Liabilities	0.000
	Provisions	0.000
Total Current Liabilities		0.513
Net Current Assets		0.487
MISCELLANEOUS EXPENSES		0.000
TOTAL		0.487

PROFIT & LOSS ACCOUNT

Particulars	31.03.2011
Sales Turnover (Approximately)	350.000

Expected Sales (2011-12): Rs.600.000 Millions

The above information has been parted by Mr. Dinesh.

KEY RATIOS

PARTICULARS	31.03.2010
Debt Equity Ratio (Total Liability/Networth)	1.05
Current Ratio (Current Asset/Current Liability)	1.95

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (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
Promoter’s Background	----------
No. of Employees	Yes
Name of Person Contacted	Yes
Designation 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	Yes
Capital in the business	Yes
Details of sister concerns	----------
Major Suppliers	Yes
Major Customers	Yes
Payments Terms	Yes
Export/ Imports Details (If applicable)	Yes
Market Information	----------
Litigations that the firm/ Promoters Involved in	----------
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	----------
Buyer visit details	----------
Financials, if provided	No
Incorporation details is applicable	----------
Last Accounts filed at ROC	----------
Major Shareholders, if available	----------

TRADE REFERENCE:

· Tata Auto

· Mahindra and Mahindra

FINANCIAL RESULTS:

The company was incorporated on 31^st August, 2009; the balance sheet and the profit and loss account of the company represent the working of the company from 31.08.2009 (date of Incorporation) to 31^st March, 2010. During the period the company has incurred pre-operative expenses of Rs.0.513.

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	Indian Rupees
US Dollar	1	Rs.49.07
UK Pound	1	Rs.77.42
Euro	1	Rs.67.72

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	3
--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.