MIRA INFORM REPORT

Report Date :

06.02.2012

IDENTIFICATION DETAILS

Name :	JBM OGIHARA AUTOMOTIVE INDIA LIMITED
Registered Office :	610, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	13.02.2009
Com. Reg. No.:	55-187584
Capital Investment / Paid-up Capital :	Rs.176.000 Millions
CIN No.: [Company Identification No.]	U27100DL2009PLC187584
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and selling of steel stamping and sub-assembly auto parts.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 720000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a relatively new company having moderate track. There appears some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

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 :	610, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019, India
Tel. No.:	91-11-26427104/ 06
Fax No.:	91-11-26427100
E-Mail :	raviarora@jbm.co.in corp@jbm.co.in skartik@jbm.co.in
Website :	www.jbm.co.in
Location :	Owned
Corporate Office :	601, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019, India
Tel. No. :	91-11-26427104
Fax No.:	91-11-26427100
E-Mail :	corp@jbm.co.in

DIRECTORS

As on 21.07.2011

Name :

Mr. Surendra Arya

Designation :

Director

Address :

Neelanchal No. 7, Bandh Road, Chandanhulla, Mehrauli, New Delhi – 110030, India

Date of Birth/Age :

10.11.1957

Date of Appointment :

13.02.2009

DIN No.:

00004626

Other Directorship :

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
U27109DL1982PLC084678	JBM Industries Limited	Director	18/08/1982	18/08/1982	-	Active	NO
L29130DL1987PLC027342	Jay Bharat Maruti Limited	Managing director	10/06/2008	19/03/1987	-	Active	NO
U74899DL1990PLC101070	Gurera Industries Limited	Director	16/11/1990	16/11/1990	-	Active	NO
L74899DL1994PLC063412	A To Z Securities Limited	Director	12/12/1994	12/12/1994	-	Active	NO
U74899DL1995PLC064073	Jay Bharat Exhaust Systems Limited	Director	5/01/1995	5/01/1995	-	Amalgamated	NO
U74899DL1991PTC044376	JBM Builders Private Limited	Director	1/04/1995	1/04/1995	-	Active	NO
U74899DL1995PLC067432	JBM International Limited	Director	18/04/1995	18/04/1995	-	Active	NO
U35990DL1995PLC071596	Jaybharat Breed Limited	Director	9/08/1995	9/08/1995	28/07/2009	Amalgamated	NO
U74899DL1998PTC095612	ANS Holding Private Limited	Director	18/08/1998	18/08/1998	-	Active	NO
U34392HR1999PTC034392	Nagata India Private Limited	Nominee director	23/12/1999	23/12/1999	11/09/2009	Active	NO
L74899DL1996PLC083073	JBM Auto Limited	Director	1/08/2000	1/08/2000	-	Active	NO
U27109HR1975PLC007910	Jaico Steel Fastners Limited	Director	1/08/2000	1/08/2000	-	Amalgamated	NO
U34300TN1998PTC046810	JBM Auto System Private Limited	Director	16/03/2001	16/03/2001	-	Active	NO
U74899DL1997PLC086432	Neel Metal Products Limited	Director	1/05/2002	1/05/2002	-	Active	NO
L74899DL1992PLC050333	MINDA Industries Limited	Director	29/01/2003	29/01/2003	-	Active	NO
U99999DL1959PLC176013	Automotive Component Manufacturers Association of India	Director	2/09/2003	2/09/2003	-	Active	NO
U34300DL2003PTC123285	Thai Summit Neel Auto Private Limited	Nominee director	2/12/2003	2/12/2003	-	Active	NO
U45201DL2003PTC120054	Satish Buildwell Private Limited	Director	3/03/2005	3/03/2005	-	Active	NO
U74899DL2005PTC142456	Unitech Sai Private Limited	Director	10/11/2005	10/11/2005	-	Active	NO
U70109DL2006PTC150012	Shreeaumji Infrastructure and Projects Private Limited	Director	22/06/2006	22/06/2006	-	Active	NO
L19201HR1986PLC033185	Liberty Shoes Limited	Director	20/09/2006	20/09/2006	-	Active	NO
U28111DL2006PTC155129	Arcelor Neel Tailored Blank Private Limited	Nominee director	1/11/2006	1/11/2006	-	Active	NO
U45201DL2006PTC144714	Shreeaumji Real Estate Sez Private Limited	Director	28/09/2007	14/11/2006	-	Active	NO
U74899DL2006PTC144713	Shreeaumji Developers Sez Private Limited	Director	28/09/2007	14/11/2006	-	Active	NO
U74140DL2007PTC158597	Neel Metal Fanalca Environment Management Private Limited	Nominee director	2/02/2007	2/02/2007	-	Active	NO
U13203DL2007PLC164433	ANS Steel Tubes Limited	Director	6/06/2007	6/06/2007	-	Active	NO
U92100MH2007PLC172122	Vichaar Television Network Limited	Director	29/11/2007	29/11/2007	-	Active	NO
U29220DL2007PTC171360	JBM Ma Automotive Private Limited	Director	12/12/2007	12/12/2007	-	Active	NO
U74140DL2008PTC172320	JBM Environment Management Private Limited	Director	7/01/2008	7/01/2008	-	Active	NO
U45200DL2007PTC160649	Multivision Constructions Private Limited	Director	15/09/2008	30/06/2008	-	Active	NO
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	13/02/2009	13/02/2009	-	Active	NO
U28900DL2010PLC211731	M J Casting Limited	Director	23/12/2010	23/12/2010	-	Active	NO
U28113DL2011PTC212192	FJM Cylinders Private Limited	Director	5/01/2011	5/01/2011	-	Active	NO

Name :

Mr. Nishant Arya

Designation :

Director

Address :

Neelanchal No. 7, Bandh Road, Chandanhulla, Mehrauli, New Delhi – 110030, India

Date of Birth/Age :

01.11.1986

Date of Appointment :

13.02.2009

DIN No.:

00004954

Other Directorship :

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
U74899DL1997PLC086432	Neel Metal Products Limited	Whole-time director	1/07/2010	4/06/2005	-	Active	NO
U74140DL2007PTC158597	Neel Metal Fanalca Environment Management Private Limited	Nominee director	2/02/2007	2/02/2007	-	Active	NO
U13203DL2007PLC164433	ANS Steel Tubes Limited	Director	6/06/2007	6/06/2007	28/06/2011	Active	NO
L29130DL1987PLC027342	Jay Bharat Maruti Limited	Director	30/08/2008	9/10/2007	-	Active	NO
U29220DL2007PTC171360	JBM Ma Automotive Private Limited	Director	12/12/2007	12/12/2007	-	Active	NO
U74140DL2008PTC172320	JBM Environment Management Private Limited	Director	7/01/2008	7/01/2008	-	Active	NO
U28111DL2006PTC155129	Arcelor Neel Tailored Blank Private Limited	Director	29/09/2008	6/06/2008	-	Active	NO
U28910DL2008PLC185040	JBM Motors Limited	Director	19/11/2008	19/11/2008	-	Active	NO
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	13/02/2009	13/02/2009	-	Active	NO
U80302DL2009PTC190802	JBM Cadmium Private Limited	Director	2/06/2009	2/06/2009	-	Active	NO
L74899DL1996PLC083073	JBM Auto Limited	Director	4/09/2009	30/07/2009	-	Active	NO
U34300DL2003PTC123285	Thai Summit Neel Auto Private Limited	Director	24/09/2009	22/09/2009	-	Active	NO
U45200DL2008PTC178619	JBM Projects and Infrastructure Private Limited	Director	2/08/2011	22/07/2011	-	Active	NO

Name :

Mr. Hans Raj Saini

Designation :

Director

Address :

H.No. 160, Sector 14, Faridabad – 121007, Haryana, India

Date of Birth/Age :

01.03.1938

Date of Appointment :

13.02.2009

DIN No.:

00004665

Other Directorship :

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
U74899DL1995PLC067432	JBM International Limited	Director	1/04/2001	1/04/2001	-	Active	NO
U74899DL1997PLC086432	Neel Metal Products Limited	Director	1/04/2001	1/04/2001	14/09/2007	Active	NO
L74899DL1996PLC083073	JBM Auto Limited	Whole-time director	7/06/2007	7/06/2002	-	Active	NO
U34300TN1998PTC046810	JBM Auto System Private Limited	Nominee director	12/03/2003	12/03/2003	-	Active	NO
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	13/02/2009	13/02/2009	-	Active	NO

Name :

Mr. Anand Swaroop Khandelwal

Designation :

Director

Address :

C-5A/14, 2^nd Floor, Janakpuri, New Delhi – 110058, India

Date of Birth/Age :

07.10.1960

Date of Appointment :

21.09.2009

DIN No.:

00004816

Other Directorship :

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
U74899DL1995PLC067432	JBM International Limited	Director	18/04/1995	18/04/1995	-	Active	NO
U34300DL2003PTC123285	Thai Summit Neel Auto Private Limited	Nominee director	15/12/2003	15/12/2003	-	Active	NO
U45201DL2003PTC120054	Satish Buildwell Private Limited	Director	3/03/2005	3/03/2005	-	Active	NO
U45201DL2006PTC144716	Shreeaumji Buildwell Private Limited	Director	12/01/2006	12/01/2006	-	Active	NO
U45201DL2006PTC144715	Shreeaumji Properties Private Limited	Director	12/01/2006	12/01/2006	-	Active	NO
U45201DL2006PTC144717	Shreeaumji Builders Private Limited	Director	12/01/2006	12/01/2006	-	Active	NO
U74899DL2006PTC144712	Hicom Infrastucture Private Limited	Director	12/01/2006	12/01/2006	-	Active	NO
U70109DL2006PTC149250	Shreeaumji Buildtech Private Limited	Director	27/05/2006	27/05/2006	-	Active	NO
U70109DL2006PTC150431	Comtech Infrastructure Private Limited	Director	30/06/2006	30/06/2006	-	Active	NO
U35990DL1995PLC071596	Jaybharat Breed Limited	Director	30/09/2008	9/12/2006	-	Amalgamated	NO
U13203DL2007PLC164433	ANS Steel Tubes Limited	Alternate director	26/09/2011	1/11/2007	-	Active	NO
U29220DL2007PTC171360	JBM Ma Automotive Private Limited	Director	14/05/2009	12/03/2008	-	Active	NO
U45200DL2008PTC178619	JBM Projects and Infrastructure Private Limited	Director	27/05/2008	27/05/2008	-	Active	NO
U28910DL2008PLC185040	JBM Motors Limited	Director	19/11/2008	19/11/2008	-	Active	NO
U34300TN1998PTC046810	JBM Auto System Private Limited	Director	4/08/2011	23/02/2009	-	Active	NO
U80302DL2009PTC190802	JBM Cadmium Private Limited	Director	2/06/2009	2/06/2009	-	Active	NO
U28931DL2008PTC174381	INDO Toolings Private Limited	Director	20/08/2009	1/07/2009	-	Active	NO
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	28/07/2010	21/09/2009	-	Active	NO
U28900DL2010PLC211731	M J Casting Limited	Director	23/12/2010	23/12/2010	-	Active	NO
U34201TN2011FTC079145	Yorozu JBM Automotive Tamil Nadu Private Limited	Director	10/02/2011	10/02/2011	-	Active	NO
U74140DL2011PTC227157	JBM Corporate Services Private Limited	Director	8/11/2011	8/11/2011	-	Active	NO

Name :

Mr. Naresh Kumar Goel

Designation :

Director

Address :

House No. 2154, Sector 9, Faridabad – 121006, Haryana, India

Date of Birth/Age :

28.07.1964

Date of Appointment :

21.09.2009

DIN No.:

02810449

Other Directorship :

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
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	28/07/2010	21/09/2009	-	Active	NO Bottom of Form

Name :

Mr. Hiroshi Morita

Designation :

Director

Address :

231, Latkrabang Industrial Estate Zone 3, Chalongkrung Road, Lamplathew, Latkrabang, Bangkok 10520, Thailand

Date of Birth/Age :

15.02.1961

Date of Appointment :

02.07.2009

DIN No.:

02653966

Other Directorship :

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
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	28/07/2010	2/07/2009	-	Active	NO

Name :

Mr. Hiroaki Watanabe

Designation :

Director

Address :

41 1707 Noukendai Higashi, Kanazawa Ku Yokohama Shi, 2360058, Kanagawa, Japan

Date of Birth/Age :

07.09.1941

Date of Appointment :

02.07.2009

DIN No.:

02715242

Other Directorship :

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
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	28/07/2010	2/07/2009	-	Active	NO

Name :

Mr. Thanathorn Juangroongruangkit

Designation :

Director

Address :

157 Lakeside Villa II, Pravej, Thailand – 10, Bangkok

Date of Birth/Age :

20.11.1978

Date of Appointment :

21.09.2009

DIN No.:

01474342

Other Directorship :

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
U34300DL2003PTC123285	Thai Summit Neel Auto Private Limited	Director	15/12/2003	15/12/2003	-	Active	NO
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	28/07/2010	21/09/2009	-	Active	NO

Name :

Masashi Tanaka

Designation :

Director

Address :

370-12, Higashi Bessho Cho. Ota. Gunma Japan – 3730815

Date of Birth/Age :

15.03.1949

Date of Appointment :

07.10.2010

DIN No.:

03336924

Other Directorship :

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
U27100DL2009PLC187584	JBM Ogihara Automotive India Limited	Director	21/07/2011	7/10/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 21.07.2011

Names of Shareholders	No. of Shares
Surendra Kumar Arya	1
Nishant Arya	1
Hans Raj Saini	1
Anand Swaroop	1
Naresh Kumar Goel	1
JBM Auto Limited, India	11219994
ANS Holding Limited, India	1
Ogihara (Thailand) Company Limited, Bangkok	10780000
Total	22000000

Equity Share Break up (Percentage of Total Equity)

As on 21.07.2011

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	49.00
Bodies corporate	50.99
Directors or relatives of Directors	0.01
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and selling of steel stamping and sub-assembly auto parts.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110002, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee Term Loans secured	191.840	50.000
Working Capital Loans secured	0.016	0.000
Total	191.856	50.000

Banking Relations :	--
Auditors :
Name :	Mehra Goel and Company Chartered Accountants
Address :	505, Chiranjiv Tower, 43 Nehru Place, New Delhi – 110019, India
PAN.:	AAACM7589F
Holding company :	JBM Auto Limited CIN No.: L74899DL1996PLC083073
Fellow Subsidiary company :	JBM Auto System Private Limited CIN No.: U34300TN1998PTC046810
Joint venture :	Ogihara (Thailand) Company

CAPITAL STRUCTURE

As on 21.07.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
22000000	Equity Shares	Rs.10/- each	Rs.220.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22000000	Equity Shares	Rs.10/- each	Rs.220.000 Millions

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
22000000	Equity Shares	Rs.10/- each	Rs.220.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
17599996	Equity Shares	Rs.10/- each	Rs.176.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		176.000	81.632
2] Share Application Money		21.560	38.367
3] Reserves & Surplus		0.000	0.000
4] (Accumulated Losses)		(17.431)	0.000
NETWORTH		180.129	119.999
LOAN FUNDS
1] Secured Loans		191.856	50.000
2] Unsecured Loans		0.000	0.000
TOTAL BORROWING		191.856	50.000
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		371.985	169.999
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		309.402	3.447
Capital work-in-progress		43.569	128.764
Expenditure pending allocation		0.000	22.651
INVESTMENT		0.000	0.000
DEFERREX TAX ASSETS		9.451	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	32.494	2.845
	Sundry Debtors	42.647	0.000
	Cash & Bank Balances	45.126	21.679
	Other Current Assets	0.000	0.000
	Loans & Advances	23.135	183.765
Total Current Assets		143.402	208.289
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	89.839	13.310
	Other Current Liabilities	44.000	180.910
	Provisions	0.000	0.000
Total Current Liabilities		133.839	194.220
Net Current Assets		9.563	14.069
MISCELLANEOUS EXPENSES		0.000	1.068
TOTAL		371.985	169.999

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	297.211	NA
		Other Income	0.380	NA
		TOTAL (A)	297.591	NA
Less	EXPENSES
		Consumption materials changes inventories	266.630
		Manufacturing service costs	7.666
		Employee related expenses	21.830
		Administrative selling other expenses	13.705
		TOTAL (B)	309.831	22.650
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(12.240)
Less	FINANCIAL EXPENSES (D)		7.065
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(19.305)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		7.578
	PROFIT BEFORE TAX (E-F) (G)		(26.883)
Less	TAX (H)		(9.452)
	PROFIT AFTER TAX (G-H) (I)		(17.431)
	BALANCE CARRIED TO THE B/S		(17.431)
	Earnings Per Share (Rs.)		(0.99)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010
PAT / Total Income	(%)	5.86	NA
Net Profit Margin (PBT/Sales)	(%)	(9.04)	NA
Return on Total Assets (PBT/Total Assets}	(%)	(5.94)	NA
Return on Investment (ROI) (PBT/Networth)		0.15	NA
Debt Equity Ratio (Total Liability/Networth)		1.81	2.03
Current Ratio (Current Asset/Current Liability)		1.07	1.07

LOCAL AGENCY FURTHER INFORMATION

Note: The registered address of the company 703-B, Hemkunt Chambers, 89, Nehru Place, New Delhi – 110019, India has been shifted to the present address w.e.f. 31.03.2011

OPERATIONS

All civil work and erection and commissioning of Plant and Machinery were completed by September 2010. The commercial production was started from 1st December 2010. Supplies to TKML for Toyota Etios and Innovo models started in December 2010.

The second phase of Civil work started from November, 2010 and expected to be completed by end of July 2011. All press machines are expected to reach factory by end of July 2011. The erecting and commissioning of equipments are being completed as per schedule. This phase after completion will increase capacity for existing models and new models of Toyota.

FORM 8

Corporate identity number of the company	U27100DL2009PLC187584
Name of the company	JBM OGIHARA AUTOMOTIVE INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	703-B, Hemkunt Chambers 89, Nehru Place, New Delhi – 110019, India Email Id : raviarora@jbm.co.in
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10207556
Type of charge	Immovable property
Particular of charge holder	Axis Bank Limited, 4/10, OPG House, Asaf Ali Road, New Delhi – 110002, India Email Id : form8.axisbank@gmail.com
Nature of instrument creating charge	Supplementary memorandum of agreement evidencing constructive delivery of title deeds
Date of instrument Creating the charge	07.03.2011
Amount secured by the charge	Rs.60.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per Sanction Letter No. AXISB/DEL/SME/2010-11/12301 dated 10.01.2011 to be amended from time to time Terms of repayment As per Sanction Letter No. AXISB/DEL/SME/2010-11/12301 dated 10.01.2011 to be amended from time to time Margin As per Sanction Letter No. AXISB/DEL/SME/2010-11/12301 dated 10.01.2011 to be amended from time to time Extent and operation of the charge Extent and Operation - 100% Others The above is to secure the following credit facilities :- Cash Credit = RS. 40.000 Millions WCDL/FCDL = (RS. 40.000 Millions) Bank Guarantee = (RS. 40.000 Millions) Letter of Credit = RS. 20.000 Millions LER on Forward Contracts = (RS. 7.500 Millions)
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation by way of first charge over entire current assets of the company and extension of charge over entire movable fixed assets of the company both present and future stored or to be stored at the company's godowns or premises situated at Plot No. 1, Bidadi Industrial Area, Ramnagar, Karnataka or wherever else the same may be
Date of instrument modifying the charge	05.02.2011
Particulars of the present modification	Working capital facilities of Rs.60.000 Millions already secured by 1st charge over c/assets and extension of charge over movable f/assets of the co. both p/f shall now adlly. be secured by extension of eq. mortgage over co's immovable property i.e. Plot No.01 situated at Bidadi Industrial Area, Ramanagar District, now bearing Khara No. 796, meas.17.49,472.658 sq.mtrs. and portion of land located at eastern site of the aforesaid property meas. 210627 sq. feet or 19575 sq. mtrs. along with water and electricity connections

Fixed Assets

• Vehicles
• Furniture and Fixture
• Office Equipment
• Computers

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.48.96
UK Pound	1	Rs.77.46
Euro	1	Rs.64.40

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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.