MIRA INFORM REPORT

Report Date :

04.02.2012

IDENTIFICATION DETAILS

Name :	KRYFS POWER COMPONENTS LIMITED (w.e.f. June 2006)
Formerly Known As :	KRYFS LAMINATIONS PRIVATE LIMITED
Registered Office :	Aza House, 3^rd Floor, 24 Turner Road, Bandra (West), Mumbai – 400 050, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	05.03.1991
Com. Reg. No.:	11-60602
Capital Investment / Paid-up Capital :	Rs.88.235 Millions
CIN No.: [Company Identification No.]	U25209MH1991PLC060602
TAN No.: [Tax Deduction & Collection Account No.]	MUMK10554F
PAN No.: [Permanent Account No.]	AAACK2791F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Stacked Transformer Laminations, Cores, Lifting Slings etc.
No. of Employees :	600 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (52)

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

Maximum Credit Limit :	USD 6000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is well established and a reputed company having fine track records. Directors are reported to be experienced and respectable businessmen. 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

INFORMATION PARTED BY

Name :	Mr. Sameer
Designation :	Accounts Manager
Contact No.:	91-9619187237
Date :	30.11.2011

LOCATIONS

Registered Office :	Aza House, 3^rd Floor, 24 Turner Road, Bandra (West), Mumbai – 400 050, Maharashtra, India
Tel. No.:	91- 22- 26443533 / 67859999 / 26443522
Mobile No.:	91-9619187237 (Mr. Sameer)
Fax No.:	91-22-67859999 / 26434462 / 67859988
E-Mail :	sales@kryfs.com abbas0854@yahoo.co.in saif.qureishi@kryfs.com sameer.mogal@kryfs.com
Website :	www.kryfs.com
Area :	1000 Sq. ft.
Location :	Owned
Factory 1 :	Survey 211/1, Kheroi Village, Dadra Nagar Haveli, India
Tel. No.:	91-260-2677312
Fax No.:	91-260-2677312
Area :	170000 Sq. ft.
Location :	Owned
Factory 2 :	Plot 75, Diwan Industrial Estate, Mahim Village Palghar, Mumbai, Maharashtra, India
Tel. No.:	91-9525-25254780
Area :	50000 Sq. ft.
Location :	Owned

DIRECTORS

As on 01.08.2011

Name :	Mr. Fakhruddin Bakirali Qureishi
Designation :	Chairman and Whole time Director
Address :	1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	19.09.1941
Date of Appointment :	05.03.1991
Election Commission Identity Card No.:	MT/08/036/196456
DIN No.:	00098982

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	U25209MH1991PLC060602	Kryfs Power Components Limited	Whole-time director	01-08-11	05-03-91	Active	NO
2	U45400MH2007PTC170137	Shaali Estates Private Limited	Director	20-04-07	20-04-07	Active	NO
3	U70102MH2007PTC176237	A.R.S. Properties Private Limited	Director	27-11-07	27-11-07	Active	NO

Name :	Mr. Saifuddin Fakhruddin Qureishi
Designation :	Managing Director
Address :	1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	12.05.1964
Date of Appointment :	05.03.1991
Election Commission Identity Card No.:	MT/08/036/195568
DIN No.:	00098955

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	U25209MH1991PLC060602	Kryfs Power Components Limited	Managing director	01-08-11	05-03-91	Active	NO
2	U45400MH2007PTC170137	Shaali Estates Private Limited	Director	20-04-07	20-04-07	Active	NO
3	U70102MH2007PTC176237	A.R.S. Properties Private Limited	Director	27-11-07	27-11-07	Active	NO

Name :	Mr. Rauzat Saifuddin Qureishi
Designation :	Whole time Director
Address :	1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400 050, Maharashtra, India
Date of Birth/Age :	01.03.1967
Date of Appointment :	19.06.2000
Election Commission Identity Card No.:	MT/08/036/196459
DIN No.:	00098990

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	U25209MH1991PLC060602	Kryfs Power Components Limited	Whole-time director	01-08-11	19-06-00	Active	NO

Name :	Mr. Rakesh Madanlal Nanda
Designation :	Director
Address :	Navjivan Commercial Building, 3 ‘A’ Wing, 9^th Floor, Office No.20, Mumbai Central (East), Mumbai - 400 008, Maharashtra, India
Date of Birth/Age :	07.08.1962
Date of Appointment :	18.05.2006
DIN No.:	00208359

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	U25209MH1991PLC060602	Kryfs Power Components Limited	Director	18-05-06	18-05-06	Active	NO
2	U67190MH2008PLC179153	Vistaar Religare Capital Advisors Limited	Director	20-02-08	20-02-08	Active	NO

Name :	Mr. Alok Shridhar Shukla
Designation :	Director
Address :	RH-1, Om Dwarka Nath Society, Plot 11, Sector 19-A, Nerul, Navi Mumbai - 400 076, Maharashtra, India
Date of Birth/Age :	09.05.1951
Date of Appointment :	18.05.2006
DIN No.:	00051622

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	U73100MH1995PTC087788	Creative Solutions Private Limited	Managing director	27-04-95	27-04-95	Active	YES
2	U25209MH1991PLC060602	Kryfs Power Components Limited	Director	18-05-06	18-05-06	Active	NO
3	L32109MH1986PLC040353	Multi ARC India Limited	Director	07-08-06	22-06-06	Active	YES

Name :	Mr. Sanjay Khatau Asher
Designation :	Director
Address :	32, Modi Street, Next to GPO, Fort, Mumbai – 400 001, Maharashtra, India
Date of Birth/Age :	26.11.1964
Date of Appointment :	18.05.2006
DIN No.:	00008221

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	U15141MP1992PLC007176	Dewas Soya Limited	Director	12-09-11	29-07-94	-	Active	NO
2	U65920MH1994PTC080585	Seenol Finance and Investments Private Limited	Director	27-01-95	27-01-95	18-03-10	Active	NO
3	U24231MH1979PTC020957	Finolib Chemicals Private Limited	Director	30-09-95	30-09-95	-	Amalgamated	NO
4	L31300MH1967PLC016531	Finolex Cables Limited	Director	01-07-98	01-07-98	-	Active	NO
5	U63000MH1998PTC117292	Allied Pickfords India Private Limited	Director	01-12-98	01-12-98	-	Active	NO
6	U31300MH1971PTC015021	Orbit Electricals Private Limited	Director	18-03-99	18-03-99	-	Active	NO
7	U65993MH1980PTC022723	Majesty Investments Private Limited	Director	18-03-99	18-03-99	-	Amalgamated	NO
8	U26954MH1969PTC014245	Siporex India Private Limited	Director	29-04-99	29-04-99	-	Active	NO
9	U63000MH1999PTC121101	Al Movers Private Limited	Director	02-08-99	02-08-99	-	Active	NO
10	L01542KA1995PLC019046	Shree Renuka Sugars Limited	Director	05-08-99	05-08-99	-	Active	NO
11	U27108TN1999PTC069389	Migatronic India Private Limited	Director	07-09-99	07-09-99	29-06-09	Active	NO
12	U51900MH1999PTC122481	Diamant Boart Marketing Private Limited	Director	01-11-99	01-11-99	-	Active	NO
13	L22200MH1993PLC071431	Repro India Limited	Director	02-05-00	02-05-00	-	Active	NO
14	U92132MH1995PLC085835	Indusind Media and Communication Limited	Director	29-06-00	29-06-00	31-12-06	Active	NO
15	U33111MH2000FTC129835	Tevapharm India Private Limited	Director	01-12-00	01-12-00	08-09-11	Active	NO
16	U85199MH2002PTC135700	Arjohuntleigh Healthcare India Private Limited	Director	30-04-02	30-04-02	-	Active	NO
17	U66010PN2001PLC015959	Bajaj Allianz Life Insurance Company Limited	Director	06-06-02	06-06-02	-	Active	NO
18	U66010PN2000PLC015329	Bajaj Allianz General Insurance Company Limited	Director	06-06-02	06-06-02	-	Active	NO
19	U24230MH2002PTC136896	Mepha Pharma India Private Limited	Director	20-08-02	20-08-02	-	Strike off	NO
20	U65990MH1993FTC074460	Morgan Stanley Investment Management Private Limited	Director	09-04-03	09-04-03	-	Active	NO
21	U41000MH1992PTC067896	Finolex Plasson Industries Private Limited	Director	20-09-03	20-09-03	-	Active	NO
22	U29260MH2002PTC137202	Zinser Textile Systems Private Limited	Director	27-09-03	27-09-03	-	Active	NO
23	U74140MH2004PTC144831	A L Records Management Private Limited	Director	03-03-04	03-03-04	-	Active	NO
24	L29199GJ1981PLC028741	Integra Engineering India Limited	Director	11-03-04	11-03-04	18-02-11	Active	NO
25	U72900MH2001PTC131322	Cricinfo Data Services Private Limited	Director	16-04-04	16-04-04	-	Active	NO
26	U92419MH2000PTC129811	Cricinfo Online India Private Limited	Director	16-04-04	16-04-04	-	Active	NO
27	U74140MH2004PTC146033	N V Advisory Services Private Limited	Director	30-04-04	30-04-04	-	Active	NO
28	L22219DL1955PLC211606	Infomedia 18 Limited	Director	24-05-04	24-05-04	21-08-08	Active	NO
29	U74210MH2003PTC142289	Engineering And Designs Tecnimont Icb Private Limited	Director	22-02-05	22-02-05	31-03-08	Active	NO
30	U29120MH2005PTC152258	Saurer Precicomp Private Limited	Director	29-03-05	29-03-05	-	Amalgamated	NO
31	U30009MH1991PTC064182	I2it Private Limited	Director	23-08-06	28-01-06	05-02-11	Active	NO
32	U25209MH1991PLC060602	Kryfs Power Components Limited	Director	18-05-06	18-05-06	-	Active	NO
33	U64202PN1999PLC013499	Divinet Access Technologies Limited	Additional director	04-08-06	04-08-06	05-04-10	Active	NO
34	U45201PN2006FTC138676	Biopharmax India Private Limited	Director	15-09-06	15-09-06	10-03-08	Active	NO
35	U60231TN2006PTC061597	C.H. Robinson Worldwide Freight India Private Limited	Director	27-11-06	27-11-06	01-12-06	Active	NO
36	L99999MH1964PLC012835	Asian Electronics Limited	Director	23-12-06	23-12-06	05-11-08	Active	NO
37	U66010MH2007PLC166770	Universal Sompo General Insurance Company Limited	Director	05-01-07	05-01-07	12-01-07	Active	NO
38	U72900MH2005PLC157255	Sparsh Bpo Services Limited	Director	14-09-07	23-01-07	07-07-11	Active	NO
39	U45203PN2007PLC129575	Finolex Infrastructure Limited	Director	07-02-07	07-02-07	18-12-10	Active	NO
40	L17120MH1984PLC033553	Mandhana Industries Limited	Director	16-05-07	16-05-07	-	Active	NO
41	U29253DL2007PTC161715	Indo-Fill Elastomer Private Limited	Director	30-09-08	16-05-07	-	Active	NO
42	L36759MH1985PLC036759	Sharp India Limited	Director	29-08-08	23-07-07	-	Active	NO
43	U29269MH2007PTC174534	Allma Machines Private Limited	Director	26-09-07	26-09-07	-	Strike off	NO
44	U29261MH2007PTC174542	Neumag Machines Private Limited	Director	27-09-07	27-09-07	-	Strike off	NO
45	U29261MH2007PTC174543	Oerlikon Textile Components India Private Limited	Director	27-09-07	27-09-07	-	Active	NO
46	U29261MH2007PTC174544	Volkmann Machines Private Limited	Director	27-09-07	27-09-07	-	Strike off	NO
47	U74140PN2007PTC131026	Valueqb Consulting Private Limited	Director	22-11-08	14-12-07	-	Active	NO
48	U29253MH2007PTC176977	Barmag Machines Private Limited	Director	19-12-07	19-12-07	-	Strike off	NO
49	U29259GJ1962PTC001177	Peass Industrial Engineers Private Limited	Director	27-08-08	29-01-08	-	Active	NO
50	U25200MH2006PTC161549	Narendra Plastic Private Limited (Part Ix)	Additional director	31-01-08	31-01-08	27-03-08	Active	NO
51	U22219MH2008PTC181740	HH Print Management India Private Limited	Director	29-04-08	29-04-08	-	Active	NO
52	U74140MH2008PTC183020	Wachovia Advisory Services Private Limited	Director	02-06-08	02-06-08	05-11-08	Active	NO
53	U63000MH2008PTC188331	Master Voss International Projects Private Limited.	Director	18-09-09	20-11-08	-	Active	NO
54	L24119PN1951PLC008409	Sudarshan Chemical Industries Limited	Director	24-01-09	24-01-09	-	Active	NO
55	U27109PN1986FTC040525	Hoganas India Private Limited	Alternate director	07-05-09	07-05-09	-	Active	NO
56	U29253MH2010PTC199933	Schlafhorst Machines Private Limited	Director	10-02-10	10-02-10	-	Active	NO
57	L99999MH1961PLC012185	Balkrishna Industries Limited	Director	29-05-10	29-05-10	-	Active	NO
58	U93000MH2010PTC199627	Enam Infrastructure Trusteeship Services Private Limited	Director	12-07-10	12-07-10	-	Active	NO
59	U27205MH2007PLC172598	Tribhovandas Bhimji Zaveri Limited	Director	04-07-11	14-12-10	-	Active	NO
60	L34101TN1948PLC000105	Ashok Leyland Limited	Director	19-07-11	21-12-10	-	Active	NO
61	U55101MH2010PTC209517	Indian Cookery Private Limited	Director	01-03-11	01-03-11	-	Active	NO
62	L29150PN1989PLC054143	Sanghvi Movers Limited	Additional director	30-09-11	30-09-11	-	Active	NO

Name :	Mr. Anand Mundra
Designation :	Nominee Director
Address :	Flat No. 301, 302, 3^rd Floor, Nirmal Building, Plot No. 453, At 110 Bhawani Shankar Road, Mumbai – 400 028, Maharashtra, India
Date of Birth/Age :	13.03.1971
Date of Appointment :	25.09.2010
DIN No.:	03098196

KEY EXECUTIVES

Name :	Mr. Sameer
Designation :	Accounts Manager

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 01.08.2011

Names of Shareholders	No. of Shares
Saifuddin Fakhruddin Qureishi (Joint)	4236042
Fakhruddin Bakirali Qureishi (Joint)	2363882
Kulsum Fakhruddin Qureishi	675113
Rauzat Saifuddin Quereishi	204879
Yasmin Minhaz Karachiwala	20000
Minhaz Shabbir Karachiwala	84
Reliance India Power Fund, India	1323530
Total	8823530

As on 01.08.2011

Equity Share Breakup	Percentage of Holding
Category
Venture Capital	15.00
Directors or relatives of director	85.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Stacked Transformer Laminations, Cores, Lifting Slings etc.

Products :

Products Description	Item Code No
CRGO Transformer Laminations	85049010
Alingset Polyester Round and Webbing Slings	56090090
· Electrical Laminations · Transformer Cores and Silicon Steel Strips / Coils · Power and Distribution Transformers · Polyester Round and Webbing Slings	85049010

Exports :

Products :

Lamination Cores

Countries :

· Middle East

· USA

Imports :

Products :

Raw Materials

Countries :

· Russia

· Korea

Terms :

Selling :

L/C, Cash and Credit

Purchasing :

L/C, Cash and Credit

PRODUCTION STATUS (As on 31.03.2010):

Particulars	Unit	Installed Capacity	Actual Production
Electrical Lamination, Strips and Cores (Excludes scrap)	M.T.	30000.00	19801.090
Polyester Slings	Nos.	60000	27887
Transformers	KVA	1250000	57 Nos. – 285510 KVA

Notes:

Includes production on Job Work Basis 4561.375 M.T.

GENERAL INFORMATION

Suppliers :

· POSCO-India

· Thaison

Customers :

Wholesalers and Retailers

· CROMPTON BHEI

· Finance Limited

· Bharat Bijlee Limited

· EMCO Limited

· Kanohar Electricals Limited

· Indo Tech Transformers Private Limited

· ECE Industries Limited

· Voltamp Transformers Limited

· Kavika Vidyuth Karkhane Limited

No. of Employees :

600 (Approximately)

Bankers :

· Citibank

· Bank of India, Mumbai Large Corporate Banking Branch of India Building, 70/80, M G Road, Mumbai – 400 023, Maharashtra, India

· Standard Chartered Bank, Branch Fort, Mumbai

Facilities :

· Citibank - Over Draft Rs.400.000 millions

· Standard Chartered Bank - Over Draft Rs.200.000 millions

Secured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
Cash credit facilities
From Banks	0.000	0.001
Vehicles loans from Banks	2.619	4.585
Total	2.619	4.586

Notes:-

1. Cash credit from the bank of India are secured as follows:

i) Repayment of the above facilities are guaranteed by personal guarantee of Mr. Fakhruddin B. qureishi and Mr. Saifuddin F. Qureishi

ii) Working Capital limits are secured by first pari passu charge on the current assets of the company

iii) The above limits are also secured by first mortgage charge on company block assets situated at:

· Plot # 75, Diwan Industrial Estate, Palghar

· S/No. 211/, Khardi Village, Dadra Nagar Havali

· Office Premises at CTS No.F/979 Turner Road, Bandra (West)

· S/No.193/1/1/2, Kherdi Village, Dadra Nagar Haveli

2. Cash Credit from the Citi Bank are secured as follows:

i) Repayment of the above facilities are guaranteed by personal guarantee of Mr. Fakhruddin B Qureishi and Mr. Saifuddin F qureishi

ii) Working capital limits are secured by first pari passu charge on the present and future stock, book debts and fixed assets of the company

iii) Pari Passu First Charge on companies office at 302, 24 Turner Road, Bandra (West), Mumbai – 400 050

3. Vehicle loans are secured by way of hypothecation of respective vehicles against which the loan is taken.

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
12 Years interest free Sales Tax Deferred State Government Loan	2.256	2.786
Total	2.256	2.786

Banking Relations :

Good

Auditors :

Name :

A.S. Kanchwalla and Associates

Chartered Accountants

Address :

203, Fine Mansion, R No.3, 3^rd Floor, Dr. D N Road, Fort, Mumbai – 400 001, Maharashtra, India

Tel. No.:

91-22-22622802

PAN No.:

AACPK1107A

Related Parties :

(As on 31.03.2010)

· Qureishi Enterprises

Address : 14, Evergreen Industrial Estate, Shanti Mills Compound, Mahalaxmi, Mumbai – 400011, Maharashtra, India

Line of Business: Trading in Mail handing equipment and cutlery items.

· Fairco Exports

Address : 101, Classic Corner, 133, Hill Road, Bandra (West), Mumbai – 400050, Maharashtra, India

Line of Business : Trading in Silicon Steel

· Tristar Manufacturing Company

· Shaali Estates (Private) Limited

· KRYFS Charitable Trust

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs.10/- each	Rs.150.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8823530	Equity Shares	Rs.10/- each	Rs.88.235 millions

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		88.235	88.235	88.235
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1413.805	1176.280	1049.161
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1502.040	1264.515	1137.396
LOAN FUNDS
1] Secured Loans		0.619	2.619	4.586
2] Unsecured Loans		2.256	2.256	2.786
TOTAL BORROWING		2.875	4.875	7.372
DEFERRED TAX LIABILITIES		50.034	42.977	31.333
TOTAL		1554.949	1312.367	1176.101
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		505.648	503.367	438.305
Capital work-in-progress		32.612	13.756	40.806
INVESTMENT		15.354	13.041	106.878
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	349.216	479.262	565.446
	Sundry Debtors	1243.066	723.633	745.990
	Cash & Bank Balances	59.489	51.088	27.590
	Other Current Assets	122.313	115.462	72.546
	Loans & Advances	33.555	45.006	45.810
Total Current Assets		1807.639	1414.451	1457.382
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	783.018	523.740	817.538
	Other Current Liabilities		64.505	28.627
	Provisions	23.286	44.003	21.105
Total Current Liabilities		806.304	632.248	867.270
Net Current Assets		1001.335	782.203	590.112
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1554.949	1312.367	1176.101

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Net Sales	4053.412	3152.932	2715.761
		Other Income	18.592	31.829	14.579
		TOTAL (A)	4072.004	3184.761	2730.340
Less	EXPENSES
		Consumption of Materials	3344.307	2689.140	2305.380
		Operating Expenses	292.930	199.147	267.052
		TOTAL (B)	3637.237	2888.287	2572.432
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		434.767	296.474	157.908
Less	FINANCIAL EXPENSES (D)		26.795	16.441	43.553
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		407.972	280.033	114.355
Less/ Add	DEPRECIATION/ AMORTISATION (F)		40.713	34.946	18.829
	PROFIT BEFORE TAX (E-F) (G)		367.259	245.087	95.526
Less	TAX (H)		124.607	81.956	31.010
	PROFIT AFTER TAX (G-H) (I)		242.652	163.131	64.516
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		438.242	363.623	352.962
Less	APPROPRIATIONS
		Final Dividend	4.412	30.883	9.706
		Tax on Distributed Profits	0.716	5.129	1.649
		Transfer to General Reserve	68.000	52.500	42.500
	BALANCE CARRIED TO THE B/S		607.766	438.242	363.623
	EARNINGS IN FOREIGN CURRENCY
		FOB value of Exports	NA	254.936	385.640
	TOTAL EARNINGS		NA	254.936	385.640
	IMPORT VALUE		NA	1859.239	2005.044
	Earnings Per Share (Rs.)		27.50	18.49	7.31

Expected Sales (2011-2012) : Rs.4500.000 millions

The above information has been parted by Mr. Sameer

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	5.96	5.12	2.36
Net Profit Margin (PBT/Sales)	(%)	9.06	7.77	3.52
Return on Total Assets (PBT/Total Assets}	(%)	15.88	12.78	5.04
Return on Investment (ROI) (PBT/Networth)		0.24	0.19	0.08
Debt Equity Ratio (Total Liability/Networth)		0.54	0.50	0.77
Current Ratio (Current Asset/Current Liability)		2.24	2.24	1.68

LOCAL AGENCY FURTHER INFORMATION

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

change of address

The Registered Office of the company has been shifted from 101, Classic Corner, 133, Hill Road, Off St. Andrews Road, Bandra (West), Mumbai – 400 050, Maharashtra, India to the present address w.e.f. 01.11.2008.

operating results and business (As on 31.03.2010)

For the year ended 31^st March 2010, the Company earned total net income of Rs. 3184.760 millions (Gross income of Rs.3422.830 Millions) as compared to the previous year Rs.2730.340 millions (Gross Income of Rs.3008.570 Millions).

The EBITDA of the Company increased to Rs.296.470 Millions from Rs.157.910 Millions and net profit of the Company increased significantly to Rs.163.130 millions from the previous year Rs.64.520 millions.

During the financial year the production of CRGO Cores/Laminations increased in quantity terms by 36.72% from 14483.200 MT (previous year) to 19801.090 MT. The utilization of raw material has improved marginally from 93.98% to 94.10% (i.e. for every 1 MT of input of CRGO in FY 2009-10 the output was 0.941 MT of Finished goods and in FY 2008-09 the output was 0.939 MT of finished goods.

a) Foreign Exchange Gain:

During the year the company has made gain of Rs.20.800 millions compared to previous years exchange loss of Rs.93.140 millions.

b) Job Work of customer’s material:

During the financial year job working (I.e. processing of the customers material on labour basis) for customers Increased to 4516.375 MT compared to 2847.502 MT in the previous year (increase of 60.19%). Although job working does not add to the top line nor add significantly to the bottom line of the company, it is in the strategic interest of the company to do so to retain customer base and market share. Thus the company’s sales turnover has not increased in proportion to the increase in production.

CONTINGENT LIABILITIES (As on 31.03.2010)

Guarantees given by the bank Rs.33.715 millions.

Contingent Liability in respect of outstanding Letter of Credit opened by the Bank is Rs.441.812 millions.

Suit filed against company not acknowledged as debt Rs.9.575 millions.

Contingent Liability in respect of bills discounted with banks which are against confirmed letter of credits received from customers Rs.38.082 millions

Estimated amounts of contracts remaining to be executed in capital account and not provided for Rs.3.960 millions

Summary of disputed statutory demands not accepted by the Company is given below

Particulars	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Income Tax	Not Available	6.283
Wealth Tax		0.034
Fringe Benefit Tax		0.073
Total	Not Available	6.390

FORM 8:

Corporate identity number of the company	U25209MH1991PLC060602
Name of the company	KRYFS POWER COMPONENTS LIMITED
Address of the registered office or of the principal place of business in India of the company	Aza House, 3^rd Floor, 24 Turner Road, Bandra (West), Mumbai – 400050, Maharashtra, India E-Mail: saif.qureishi@kryfs.com
This form is for	Modification of charge
Charge identification number of the modified	10040414
Type of charge	Immovable Property
Particular of charge holder	Bank of India, Mumbai Large Corporate Banking Branch, 70/80, M G Road, Fort, Mumbai - 400023, Maharashtra, India E-Mail: Mumbai.Lcbb@bankofindia.co.in
Nature of description of the instrument creating or modifying the charge	Memorandum of entry for extension of mortgaged charged by deposit of title deed dated 7^th June, 2010 for enhanced finance facility from 1070.000 millions to 1400.000 millions.
Date of instrument Creating the charge	07/06/2010
Amount secured by the charge	Rs.1400.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: Interest shall be charged on the outstanding in the said Accounts(s) at such rate or rate as may be determined by the Bank form time to time. Terms of Repayment: on demand Margin: The Company shall maintain such security margin as may be stipulated by the Bank Extent and Operation of the charge: Extension of existing mortgage details as per (A) (B) and (C) given in Para No. 3 in Memorandum of Entry dated 7th June 2010. Others: The charge created/to be created by the Company on the land and building shall rank pari passu inter se the banks for all purpose and to all intents without any priority over the other or others. This security shall be a continuing security for the balance time to time due to the said banks and each of them under the said Account(s).
Short particulars of the property charged	All that piece or parcel of the non agriculture land admeasuring about 1 hectare and 52 are equivalent to 15200 sq mtrs. bearing S.No. 211/1 at Village Kherdi in the UT of Dadra and Nagar Haveli Plot No. 63 Admeasuring about 800 Sq.Yard S.No.411/1 (Part), 433/3 (Part), 433/4 (Part) At Mouje Village Taluka Mahim District Palghar Thane Plot No. 75 Admeasuring about 800 Sq.Yard S.No.411/1 (Part), 433/3 (Part), 433/4 (Part) Mouje Village Taluka Mahim District Palghar Thane S.No. 231/1 Admeasuring about 9500 Sq. Mtrs at Village Kherdi in the U T Of Dadra and Nagar Haveli. S.No.231/3, 231/2/1 Admeausuring about 0 Hectare and 60 are equivalent to 5590 Sq.Mtrs at Village Kherdi in the Ut of Dadara and Nagar Haveli S.No.193/1/1/2 Admeasuring about 7000 Sq.Mtrs at Village Kherdi in the UT of Dadra and Nagar Haveli. Premises No 302, 3rd Floor, with 2 Car Parking Space in Building known as 'Turner Road Commercial' (Aza House), Turner Road, Bandra (West), Mumbai-400 050
Date of latest modification prior to the present modification	23/09/2008
Particulars of the present modification	Additional Security by Memorandum of Entry in respect of Deposit of Title Deeds so as to cover the increased finance facility from Rs.1070.000 millions to 1400.000 millions.

TRADE REFERENCES

· POSCO-India

· Thaison

· CROMPTON BHEI

· Finance Limited

FIXED ASSETS

· Land

· Buildings

· Furniture and Fixtures

· Plant and Machinery

· Electrical Installations

· Vehicles

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.48.96
UK Pound	1	Rs.77.47
Euro	1	Rs.64.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
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	Yes
--AFFILIATION	YES/NO	Yes
--LISTED	YES/NO	No
--OTHER MERIT FACTORS	YES/NO	Yes
TOTAL		52

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.