MIRA INFORM REPORT

Report Date :

20.04.2012

IDENTIFICATION DETAILS

Name :	ADVANCED MICRO DEVICES PRIVATE LIMITED
Registered Office :	879 Arya Nagar Ambala Cantonment-133001, Haryana
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	06.06.1978
Com. Reg. No.:	05-009051
Capital Investment / Paid-up Capital :	Rs.0.444 Million
CIN No.: [Company Identification No.]	U74909HR1978PTC009051
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter of all kinds of Microfiltration Products for Laboratories.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (64)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 6300000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having fine track. Financial of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be regular 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 :	879 Arya Nagar Ambala Cantonment-133001, Haryana, India
Tel. No.:	91-171-2699290
FAX No.:	Not Available
E-Mail :	jpjnco@hotmail.com mdi@vsnl.com
Head Office / Corporate Office :	20-21 Industrial Area, Ambala Cantonment-133006, Haryana, India
Tel. No.:	91-171-2699290/2699471/2699274
Fax No.:	91-171-2699221/2699008
E-Mail :	mdi@vsnl.com
Branch Office:	Located At: · Ahmedabd · Bangalore · Mumbai · Hyderabad

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Jai Dev

Designation :

Chairman

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

01.04.1926

Date of Appointment :

06.06.1978

DIN No. :

00484395

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74999HR1960PTC002321	LAKSHMI UDYOG MANDIR PRIVATE LIMITED	Whole-time director	30-05-60	30-05-60	Active	NO
2	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Whole-time director	06-06-78	06-06-78	Active	NO

Name :

Mr. Sukhda Devi

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

10.04.1938

Date of Appointment :

06.06.1978

DIN No. :

00484672

Name :

Mr. Sharat Chander Gupta

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

24.12.1959

Date of Appointment :

06.06.1978

DIN No. :

00258690

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	06-06-78	06-06-78	Active	NO
2	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-00	29-05-00	Active	NO

Name :

Ms. Nalini Kant

Designation :

Managing Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

21.12.1949

Date of Appointment :

01.05.1998

DIN No. :

00484630

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U31909UP1963PTC002960	GARG ASSOCIATES PRIVATE LIMITED	Director	26-02-91	26-02-91	Active	NO
2	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Managing director	20-03-96	20-03-96	Active	NO
3	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Managing director	01-05-98	01-05-98	Active	NO
4	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Managing director	29-05-00	29-05-00	Active	NO

Name :

Mr. Rajni Kant

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

20.05.1951

Date of Appointment :

01.10.2005

DIN No. :

00484605

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	06-06-78	06-06-78	Active	NO
2	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Director	20-03-96	20-03-96	Active	NO
3	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-01	29-05-01	Active	NO

Name :

Mr. Ashawant Gupta

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

04.01.1967

Date of Appointment :

01.04.1997

DIN No. :

01260329

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U24231HR1996PTC033030	ADVVNCED SENSOR SYSTEMS PRIVATE LIMITED	Director	20-03-96	20-03-96	Active	NO
2	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	01-04-97	01-04-97	Active	NO
3	U29219CH2000PTC023736	PRECISION MEMBRANES PRIVATE LIMITED	Director	29-05-00	29-05-00	Active	NO

Name :

Mr. Somdev Gupta

Designation :

Director

Address :

39, Goubert Padasalal Street, Vazhalkulam, Pondicherry – 605001, Pondicherry, India

Date of Birth/Age :

06.12.1941

Date of Appointment :

06.06.1978

DIN No. :

00990217

Other Directorship:

S. No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U74909HR1978PTC009051	ADVANCED MICRO DEVICES PRIVATE LIMITED	Director	06-06-78	06-06-78	Active	NO
2	U74999HR1960PTC002321	LAKSHMI UDYOG MANDIR PRIVATE LIMITED	Director	25-08-88	25-08-88	Active	NO

Name :

Ms. Sarla Devi

Designation :

Director

Address :

879, Arya Nagar, Ambala Cantt, Ambala – 133001, Haryana, India

Date of Birth/Age :

18.12.1947

Date of Appointment :

06.06.1978

DIN No. :

00990301

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Dev jai	750
Chandra Sharat	270
Dev Som	270
Devi Sarla	300
Devi Sukhda	600
Kant Nalini	1890
Ashawant	350
Kant Ranji	10
Total	4440

AS ON 30.09.2011

Equity Shares Break Up	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Exporter of all kinds of Microfiltration Products for Laboratories.
Products :	Membrane Filters

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	State Bank of India, Sadar Bazar, Ambala Cantt, Haryana, India

Banking Relations :	--
Auditors :
Name :	Gandhi Minocha and Company Chartered Accountant
Address :	1-A, Tribune Colony, Ambala Cantt – 133001, Haryana, India
Tel. No.:	91-171-2652642/2652643/2652747
E-Mail :	gandhica@yahoo.com
Pan No.:	AGYPS9266N
Subsidiaries :	Lakshmi Udyog Mandir Private Limited CIN: U74999HR1960PTC002321

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
5000	Equity Shares	Rs.100/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
4440	Equity Shares	Rs.100/- each	Rs. 0.444 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.444	0.444	0.444
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1592.761	1237.486	961.411
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1593.205	1237.930	961.855
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	2.218	1.004
TOTAL		1593.205	1240.148	962.859
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		170.906	85.388	65.330
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		154.158	150.046	178.623
DEFERREX TAX ASSETS		2.560	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	19.419	13.589	12.370
	Sundry Debtors	152.222	128.006	115.106
	Cash & Bank Balances	1062.052	828.394	626.118
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	249.041	210.540	118.732
Total Current Assets		1482.734	1180.529	872.326
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	(23.386)	(14.367)	21.624
	Other Current Liabilities	65.539	47.682	22.626
	Provisions	175.000	142.500	109.170
Total Current Liabilities		217.153	190.182	153.420
Net Current Assets		1265.581	1004.714	718.906
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1593.205	1240.148	962.859

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	716.550	577.809	443.394
		Other Income
		TOTAL	716.550	577.809	443.394
Less	EXPENSES
		Office Expenses	187.870	153.256	123.147
		Administrative Expenses
		Advertising Expenses
		TOTAL	187.870	153.256	123.147
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		528.680	424.553	[Including Depreciation ]
Less/ Add	DEPRECIATION/ AMORTISATION		6.202	5.131
	PROFIT BEFORE TAX		522.478	419.422	320.247
Less	TAX		170.222	143.714	109.088
	PROFIT AFTER TAX		352.256	275.708	211.159
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	331.766	243.431	NA
		Royalty, know how, professional and consultation fees	4.569	4.699	NA
	TOTAL EARNINGS		336.335	248.130	NA
	IMPORTS
		Raw Materials	8.248	11.432	6.377
		Capital Goods	1.723	0.066	1.712
	TOTAL IMPORTS		9.971	11.498	8.089
	Earnings Per Share (Rs.)		70451.24	55141.70	42231.87

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	49.16	47.72	47.62
Return on Total Assets (PBT/Total Assets}	(%)	31.55	33.13	34.15
Return on Investment (ROI) (PBT/Networth)		0.33	0.34	0.33
Debt Equity Ratio (Total Liability/Networth)		0.14	0.14	0.16
Current Ratio (Current Asset/Current Liability)		6.83	6.71	5.69

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1. Year of Establishment	Yes
2. Locality of the firm	Yes
3. Constructions of the firm	Yes
4. Premises details	No
5. Type of Business	Yes
6. Line of Business	Yes
7. Promoter’s background	Yes
8. No. of Employees	No
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	------
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	No
18. Major customers	No
19. Payments terms	No
20. Export / Import details	Yes
21. Market information	------
22. Litigations that the firm / promoter involved	------
23. Banking Details	Yes
24. Banking facility details	No
25. Conduct of the banking account	------
26. Buyer visit details	------
27. Financials, if provided	Yes
28. Incorporation details, if applicable	Yes
29. Last accounts filed at ROC	Yes
30. Major Shareholders, if available	Yes

OPERATIONS

During the year sales and profits of the Company made progress. Going by the results available, the Management is optimistic that the Company is likely to do well during the current year despite tough competition from its rivals.

FIXED ASSETS

• Land
• Building
• New building
• Plant and Machinery
• R and D Lab Machinery
• R and D Workstation
• Fan
• Generator
• Fax
• Furniture
• Scooter
• Computer
• Cooler
• Pager
• EPABX
• Refrigerator
• Tata Sumo
• Mobile Phone
• Electronic Equipment
• Air conditioner
• Mould and Dies
• Honda City Car
• Packing Machine
• Truck Mahindra Max
• Tata ACE
• Xerox Machine
• Packing Machine
• Motor Cycle
• Innova Car
• Typewriter

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. 51.89
UK Pound	1	Rs. 83.18
Euro	1	Rs. 68.06

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		64

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.