1. Summary Information

		Country	India
Company Name	OSWAL CASTINGS PRIVATE LIMITED	Principal Name 1	Mr. Raj Kumar Jain
Status	Good	Principal Name 2	Mr. Abhishek Jain
		Registration #	05-040998
Street Address	49, Industrial Area, NIT, Faridabad-121001, Haryana
Established Date	02.08.2010	SIC Code	--
Telephone#	Not Available	Business Style 1	Manufacturer
Fax #	Not Available	Business Style 2	Supplier
Homepage	www.oswalelectricals.com	Product Name 1	Aluminium Die Cast Components
# of employees	800 [Approximately]	Product Name 2	--
Paid up capital	Rs.100,000,000/-	Product Name 3	--
Shareholders	Directors or relatives of directors 100.00%	Banking	Yes Bank Limited
Public Limited Corp.	No	Business Period	1 Year
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (52)
Related Company
Relation	Country	Company Name	CEO
--	--	--	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	576,396,000	Current Liabilities	471,448,000
Inventories	112,379,000	Long-term Liabilities	428,126,000
Fixed Assets	463,559,000	Other Liabilities	4,774,000
Deferred Assets	000	Total Liabilities	904,348,000
Invest& other Assets	50,658,000	Retained Earnings	198,644,000
		Net Worth	298,644,000
Total Assets	1,202,992,000	Total Liab. & Equity	1,202,992,000
Total Assets (Previous Year)	--
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	1,643,975,000	Net Profit	198,644,000
Sales(Previous yr)	--	Net Profit(Prev.yr)	--

MIRA INFORM REPORT

Report Date :

09.01.2012

IDENTIFICATION DETAILS

Name :	OSWAL CASTINGS PRIVATE LIMITED
Registered Office :	49, Industrial Area, NIT, Faridabad-121001, Haryana
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	02.08.2010
Com. Reg. No.:	05-040998
Capital Investment / Paid-up Capital :	Rs.100.000 Millions
CIN No.: [Company Identification No.]	U28998HR2010PTC040998
TAN No.: [Tax Deduction & Collection Account No.]	RTKO01275B
PAN No.: [Permanent Account No.]	AABCO3311Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Supplier of High Pressure Aluminium Die Cast Components.
No. of Employees :	800 [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 1100000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a successor of Oswal Electrical a partnership concern started in the year 1967. It is a well established company having fine track. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good for normal 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. P. C. Kapoor
Designation :	Key Executive
Contact No.:	91-9818687242

LOCATIONS

Registered Office :	49, Industrial Area, NIT, Faridabad-121001, Haryana, India
Tel. No.:	Not Available
Mobile No.:	91-9818687242 [Mr. P. C. Kapoor]
Fax No.:	Not Available
E-Mail :	rajanoswal@oswalelectricals.com pckapoor@oswalelectricals.com oswaleelctricals@oswaleelectricals.com
Website :	www.oswalelectricals.com
Factory 1 :	Plot No. 212 and 22 Sector-25, Faridabad, Haryana, India
Factory 2 :	Plot No. 21, 22 and 23, Sector 25, Faridabad-121004, Haryana, India
Tel. No.:	91-129-4292100
Fax No.:	91-129-4292122

DIRECTORS

As on 29.09.2011

Name :

Mr. Raj Kumar Jain

Designation :

Director

Address :

House No. 1321, Sector 14, Faridabad-121007, Haryana, India

Date of Birth/Age :

27.10.1936

Date of Appointment :

02.08.2010

Din No.:

00089288

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	U27205HR1983PTC015755	OSWAL DIE CASTERS PRIVATE LIMITED	Director	18-05-83	18-05-83	Active	NO
2	U51909HR1986PTC023775	OSWAL GLOBAL PRIVATE LIMITED	Director	29-12-89	29-12-89	Active	NO
3	U29299HR1991PTC031331	MAHAVIR DIE CASTERS PRIVATE LIMITED	Director	04-07-99	04-07-99	Active	NO
4	U31909HR2003PTC035206	OSWAL ELECTRICALS PRIVATE LIMITED	Director	26-02-07	26-02-07	Active	NO
5	U28998HR2010PTC040998	OSWAL CASTINGS PRIVATE LIMITED	Director	02-08-10	02-08-10	Active	NO

Name :

Mr. Abhishek Jain

Designation :

Director

Address :

House No. 944, Sector 15, Faridabad-121007, Haryana, India

Date of Birth/Age :

01.12.1982

Date of Appointment :

02.08.2010

Din No.:

00507617

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	U31909HR2003PTC035206	OSWAL ELECTRICALS PRIVATE LIMITED	Director	07-07-06	07-07-06	23-06-11	Active	NO
2	U28998HR2010PTC040998	OSWAL CASTINGS PRIVATE LIMITED	Director	02-08-10	02-08-10	-	Active	NO
3	U29299HR1991PTC031331	MAHAVIR DIE CASTERS PRIVATE LIMITED	Director	29-09-11	20-06-11	-	Active	NO
4	U51909HR1986PTC023775	OSWAL GLOBAL PRIVATE LIMITED	Director	28-09-11	21-06-11	-	Active	NO

Name :

Mr. Rajan Jain

Designation :

Director

Address :

House No. 1321, Sector 14, Faridabad-121007, Haryana, India

Date of Birth/Age :

28.11.1970

Date of Appointment :

02.08.2010

Din No.:

00089832

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	U51909HR1986PTC023775	OSWAL GLOBAL PRIVATE LIMITED	Director	18-08-97	18-08-97	-	Active	NO
2	U27205HR1983PTC015755	OSWAL DIE CASTERS PRIVATE LIMITED	Director	01-08-03	01-08-03	21-06-11	Active	NO
3	U31909HR2003PTC035206	OSWAL ELECTRICALS PRIVATE LIMITED	Director	01-10-03	01-10-03	-	Active	NO
4	U28998HR2010PTC040998	OSWAL CASTINGS PRIVATE LIMITED	Director	02-08-10	02-08-10	-	Active	NO

Name :

Shanti Lal Jain

Designation :

Director

Address :

House No. 922, Sector 15, Faridabad-121007, Haryana, India

Date of Birth/Age :

11.12.1949

Date of Appointment :

02.08.2010

Din No.:

00089353

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	U27205HR1983PTC015755	OSWAL DIE CASTERS PRIVATE LIMITED	Director	01-04-98	01-04-98	Active	NO
2	U29299HR1991PTC031331	MAHAVIR DIE CASTERS PRIVATE LIMITED	Director	04-07-99	04-07-99	Active	NO
3	U28998HR2010PTC040998	OSWAL CASTINGS PRIVATE LIMITED	Director	02-08-10	02-08-10	Active	NO
4	U31909HR2003PTC035206	OSWAL ELECTRICALS PRIVATE LIMITED	Director	28-09-11	23-06-11	Active	NO

Name :

Mr. Chand Jain

Designation :

Director

Address :

House No. 944, Sector 15, Faridabad-121007, Haryana, India

Date of Birth/Age :

03.05.1959

Date of Appointment :

02.08.2010

Din No.:

00089391

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	U31909HR2003PTC035206	OSWAL ELECTRICALS PRIVATE LIMITED	Director	01-10-03	01-10-03	Active	NO
2	U28998HR2010PTC040998	OSWAL CASTINGS PRIVATE LIMITED	Director	02-08-10	02-08-10	Active	NO
3	U27205HR1983PTC015755	OSWAL DIE CASTERS PRIVATE LIMITED	Director	28-09-11	21-06-11	Active	NO

KEY EXECUTIVES

Name :	Mr. Pradeep Singh
Designation :	Secretary
Address :	House No. 1638, Sector 25, Faridabad-121002, Haryana, India
Date of Birth/Age :	03.11.1983
Date of Appointment :	10.01.2011
Name :	Mr. P. C. Kapoor
Designation :	Key Executive

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2011

Names of Shareholders	No. of Shares
Raj Kumar Jain	150000
Raj Ranj Jain	50000
Shanti Lal Jain	200000
Madhu Jain	50000
Chand Jain	250000
Rajan Jain	250000
Abhishek Jain	50000
Total	1000000

As on 29.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Supplier of High Pressure Aluminium Die Cast Components.

GENERAL INFORMATION

No. of Employees :

800 [Approximately]

Bankers :

· Indian Overseas Bank, Faridabad, Haryana, India

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

Facilities :

Secured Loan	As on 31.03.2011 [Rs. in Millions]
Working capital loans	80.813
Loans taken for vehicles	6.537
Other debts	89.826
Total	177.176
Unsecured Loan
Loans directors	250.950
Total	250.950

Banking Relations :	--
Auditors :
Name :	Alok Kumar Gupta and Company Chartered Accountants
Address :	House No. 877, Sector 17, Faridabad, Haryana, India
Pan No.:	AATPG4708Q
Related Parties:	· Mahavir Die Casters Private Limited · Oswal Electricals Private Limited · Oswal Global Private Limited · Oswal Die Casters Private Limited · Vardhman Die Casters

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.100/- each	Rs.100.000 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011
SHAREHOLDERS FUNDS
1] Share Capital		100.000
2] Share Application Money		0.000
3] Reserves & Surplus		198.644
4] (Accumulated Losses)		0.000
NETWORTH		298.644
LOAN FUNDS
1] Secured Loans		177.176
2] Unsecured Loans		250.950
TOTAL BORROWING		428.126
DEFERRED TAX LIABILITIES		3.088
TOTAL		729.858
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		463.559
Capital work-in-progress		32.033
INVESTMENT		18.102
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	112.379
	Sundry Debtors	310.673
	Cash & Bank Balances	224.907
	Other Current Assets	0.000
	Loans & Advances	40.816
Total Current Assets		688.775
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	424.496
	Other Current Liabilities	46.952
	Provisions	1.686
Total Current Liabilities		473.134
Net Current Assets		215.641
MISCELLANEOUS EXPENSES		0.523
TOTAL		729.858

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2011
	SALES AND JOB WORK	1643.975
	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	272.776
Less	FINANCIAL EXPENSES	41.384
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION	231.392
Less/ Add	DEPRECIATION/ AMORTISATION [CURRENT YEAR]	46.643
Less/ Add	DEPRECIATION/ AMORTISATION [WRITTEN BACK]	(73.801)
	PROFIT BEFORE TAX	258.550
Less	TAX	59.906
	PROFIT AFTER TAX	198.644
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	0.000
	BALANCE CARRIED TO THE B/S	198.644
	EARNINGS IN FOREIGN CURRENCY	82.167
	IMPORTS	61.692
	Earnings Per Share (Rs.)	198.64

KEY RATIOS

PARTICULARS		31.03.2011
Net Profit Margin (PBT/Sales)	(%)	15.73
Return on Total Assets (PBT/Total Assets}	(%)	22.44
Return on Investment (ROI) (PBT/Networth)		0.87
Debt Equity Ratio (Total Liability/Networth)		3.02
Current Ratio (Current Asset/Current Liability)		1.45

LOCAL AGENCY FURTHER INFORMATION

OPERATIONS:

During the period the company has posted a turnover of Rs.1643.975 millions and earned net profit of Rs.198.644 millions including Rs.73.801 millions for depreciation written back.

BANKERS CHARGES REPORT AS PER REGISTRY

This form is for	Creation of charge
Corporate identity number of the company	U28998HR2010PTC040998
Name of the company	OSWAL CASTINGS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	49, Industrial Area, NIT, Faridabad-121001, Haryana, India
Type of charge	Movable Property (not being pledge) Floating Charge Others
Particular of charge holder	Yes Bank Limited, 9^th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai-400018, Maharashtra, India
Email	delhicadmidoffice@yesbank.in
Nature of description of the instrument creating or modifying the charge	Deed of Hypothecation dated 28.09.2011.
Date of instrument Creating the charge	28.09.2011
Amount secured by the charge	Rs.90.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Capex Letter of Credit (sight): Commission 0.75% p.a. all inclusive Capex Letter of Credit (usance):Commission 0.90% p.a. all inclusive Capex Buyer's Credit: To be decided by the lender Terms of Repayment LC/BC : NA Margin LC (sight) (capex):5% in the form of Fixed Deposits. LC (usance) (capex):10% in the form of Fixed Deposits. BC : NA Extent and Operation of the charge Exclusive charge over the assets of the Borrower being procured out of the facilities of Letter of credit (capex) and Buyer's credit (capex).
Short particulars of the property charged	Exclusive charge on all the goods imported/acquired out of LC and BC credit facilities granted / opened by Yes Bank Limited for an on behalf of the Borrower.

FIXED ASSETS:

· Land and Building

· Factory Building

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Office Equipments

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.52.78
UK Pound	1	Rs.81.79
Euro	1	Rs.67.46

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	6
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		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.