MIRA INFORM REPORT

Report Date :

28.01.2012

IDENTIFICATION DETAILS

Name :	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED
Registered Office :	A-152, Kalkaji, New Delhi-110019
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	03.04.1989
Com. Reg. No.:	55-35727
Capital Investment / Paid-up Capital :	Rs.0.454 Million
CIN No.: [Company Identification No.]	U74899DL1989PTC035727
TAN No.: [Tax Deduction & Collection Account No.]	DELN01289B/ DELN06079D
PAN No.: [Permanent Account No.]	AAACN3251F
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Construction Equipments.
No. of Employees :	60 (Approximately) (In Office + In Factory)

RATING & COMMENTS

MIRA’s Rating :

Ba (47)

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

Maximum Credit Limit :	USD 140000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are fair. Business is active. Payments are reported to be usually correct 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. Briji Singh
Designation :	Director
Contact No.:	91-9810782910
Date :	21.01.2012

LOCATIONS

Registered Office/ Factory :	A-152, Kalkaji, New Delhi-110019, Delhi, India
Tel. No.:	91-11-26436639/ 26221887
Mobile No.:	91-9810782910 (Mr. Briji Singh)
Fax No.	91-11-26436639/ 26430728
E-Mail :	sagaranil@sify.com nmfeqpts@ndf.vsnl.net.in nmfgurukul@sancharnet.in
Location :	Owned

DIRECTORS

As on : 30.09.2011

Name :	Mr. Brij Mohan Singh
Designation :	Director
Address :	A-148, Kalkaji, New Delhi-110019, India
Date of Birth/Age :	26.03.1957
Date of Appointment :	03.04.1989
DIN No.:	01196312

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	U74899DL1989PTC035727	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	03-04-89	03-04-89	-	Active	NO
2	U29296DL2006PTC152877	GAD CONSTRUCTION EQUIPMENTS PRIVATE LIMITED	Director	01-09-06	01-09-06	-	Strike off	NO

Name :	Mr. Sukhbir Singh
Designation :	Director
Address :	A-146, Kalkaji, New Delhi-110019, India
Date of Birth/Age :	28.03.1965
Date of Appointment :	03.04.1989
DIN No.:	00596039

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	U74899DL1989PTC035727	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	03-04-89	03-04-89	-	Active	NO
2	U29296DL2006PTC152877	GAD CONSTRUCTION EQUIPMENTS PRIVATE LIMITED	Director	01-09-06	01-09-06	-	Strike off	NO

Name :	Mr. Bhupendra Pal Singh
Designation :	Director
Address :	A-148, Kalkaji, New Delhi-110019, India
Date of Birth/Age :	01.04.1956
Date of Appointment :	03.04.1989
DIN No.:	01196341

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	U74899DL1989PTC035727	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	03-04-89	03-04-89	-	Active	NO
2	U29118DL2006PTC152136	GN EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	18-08-06	18-08-06	-	Strike off	NO

Name :	Mr. Mukhtar Singh
Designation :	Director
Address :	A-146, Kalkaji, New Delhi-110019, India
Date of Birth/Age :	23.02.1931
Date of Appointment :	03.04.1989
Date of Cessation :	13.12.2011
DIN No.:	01196276

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	U74899DL1989PTC035727	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	03-04-89	03-04-89	13-12-11	Active	NO
2	U29118DL2006PTC152136	GN EQUIPMENTS AND PLANTS PRIVATE LIMITED	Director	18-08-06	18-08-06	-	Strike off	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Mukhtar Singh	4491
Bhupinder Pal Singh	13641
Brij Mohan Singh	13641
Sukhbir Singh	13641
Total	45414

As on 30.09.2011

Equity Share Breakup (Percentage of Total Equity)

Category	Percentage of Holding
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of Construction Equipments.

Products :

· Silos

· Conveyors

· Asphalt Mixing Plants

· Other Products

Product Descriptions	ITC Code
Machines and Mechanical Appliances having individual functions	847900
Bodies (including Cabs) for the motor vehicle	870700

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

• Gujarat Ambuja Cement Limited
• Soma Enterprises Limited
• HCL Limited
• GMR Infrastructure
• Larson and Turbo Limited
• Laforge RMC
• TATA Steel
• CECON
• Ispat Industries Limited
• Vizag Steel
• LG
• Eicher

No. of Employees :

60 (Approximately) (In Office + In Factory)

Bankers :

• HDFC Bank Limited, New Delhi Branch, India
• Punjab and Sind Bank, Guru Nanak Market, Hemkunt Colony, New Delhi – 110048, India
• Axis Bank

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
HDFC Bank Limited (Against hypothecation of Vehicle)	0.000	2.903
HDFC Bank Limited (Against hypothecation of Crane)	0.000	0.126
Punjab and Sind Bank (Loan I) (Against hypothecation of Vehicles )	0.295	0.486
Punjab and Sind Bank (Loan II) (Against hypothecation of Vehicles )	12.839	0.000
Axis Bank Limited (Against hypothecation of Vehicles )	1.426	0.000
Punjab and Sind Bank (C.A.) (Against Pledge of Fixed Deposits)	1.535	0.000
Total	16.095	3.516

Banking Relations :	--
Auditors :
Name :	Anil Sagar and Company Chartered Accountant
Address :	Pocket A8/103, Swapan Kunj, Kalkaji Extension, New Delhi-110019, India
Tel. No.:	91-11-40508370/ 29990641/ 29992300/ 65427412
PAN No.:	AAJFA9927F
Membership :	Federation of Indian Chambers of Commerce and Industry (FICCI)
Related Parties :	· Dashmesh Engineering Projects · HKS Engineering Works · GTB Marketing and Services

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs. 10/- each	Rs. 5.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
45414	Equity Shares	Rs. 10/- each	Rs. 0.454 Million

Note:

Of the above 25870 Equity Shares were allotted as fully paid up, pursuant to a contract without payment being received in cash

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		0.454	0.454	0.454
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		34.449	27.721	20.422
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		34.903	28.175	20.876
LOAN FUNDS
1] Secured Loans		16.095	3.516	6.183
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		16.095	3.516	6.183
DEFERRED TAX LIABILITIES		0.502	0.503	0.405
TOTAL		51.500	32.194	27.464
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		29.503	23.756	21.454
Capital work-in-progress		2.329	2.307	2.307
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	4.941	11.442	7.624
	Sundry Debtors	73.487	54.074	48.675
	Cash & Bank Balances	25.797	26.794	27.958
	Other Current Assets	2.001	0.000	0.000
	Loans & Advances	6.287	8.665	8.031
Total Current Assets		112.513	100.975	92.288
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	70.091	82.088	85.400
	Other Current Liabilities	17.417	8.769
	Provisions	5.337	3.987	3.185
Total Current Liabilities		92.845	94.844	88.585
Net Current Assets		19.668	6.131	3.703
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		51.500	32.194	27.464

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	190.657	189.539	163.510
		Other Income			7.131
		TOTAL	190.657	189.539	170.641
Less	EXPENSES
		Manufacturing Expenses
		Raw Material Consumed
		Increase / Decrease in Stock	175.303	175.440	161.486
		Interest
		Depreciation
		TOTAL	175.303	175.440	161.486 (Including Depreciation)
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		15.354	14.099
Less/ Add	DEPRECIATION/ AMORTISATION		1.174	2.715
	PROFIT BEFORE TAX		14.180	11.384	9.155
Less	TAX		5.335	4.086	3.105
	PROFIT AFTER TAX		8.845	7.298	6.050
	Earnings Per Share (Rs.)		194.77	160.71	133.22

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.64	3.85	3.55
Net Profit Margin (PBT/Sales)	(%)	NA	NA	5.60
Return on Total Assets (PBT/Total Assets}	(%)	9.98	9.13	8.05
Return on Investment (ROI) (PBT/Networth)		0.41	0.40	0.44
Debt Equity Ratio (Total Liability/Networth)		3.12	3.49	4.54
Current Ratio (Current Asset/Current Liability)		1.21	1.06	1.04

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) 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	No
12) Profitability for last three years	No
13) Reasons for variation <> 20%	No
14) Estimation for coming financial year	No
15) Capital in the business	No
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter	--
23) Banking Details	Yes
24) Banking facility details	No
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

Note:

The Registered office of the company has been shifted from A-146, Kalkaji, New Delhi-110019, India to present address

Financial Performances:

During the year ended 31^st March, 2011 sales and other income amounted to Rs.190.657 Millions as compared to previous year gross sales of Rs.189.539 Millions. This has resulted in giving the company a net profit after tax Rs.8.845 Millions as compared to previous year profit of Rs.7.298 Millions

Form8:

Corporate identity number of the company	U74899DL1989PTC035727
Name of the company	NMF EQUIPMENTS AND PLANTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	A-152, Kalkaji, New Delhi-110019, India E-Mail : anilsagarandco@sify.com
This form is for	Creation of charge
Type of charge	Movable property (not being pledge) Others (Charge on Car)
Particular of charge holder	Punjab and Sind Bank, Guru Nanak Market, Hemkunt Colony, New Delhi – 110048, India
Nature of instrument creating charge	Hypothecation of Goods to Secure Demand Cash Credit.
Date of instrument Creating the charge	18.10.2011
Amount secured by the charge	Rs.0.800 Million
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest BR + 1.5% = 12.25% Floating on Monthly Rest Terms of repayment 36 EMI of Rs.0.022 Million Margin 52% Extent and operation of the charge 100%
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecations of Car Valued Rs.1.681 Millions

Fixed Assets:

· Land

· Plant and Machinery

· Vehicle (Transit Mixtures)

· Building (Factory)

· Furniture and Fittings

· Vehicles (Car and Van)

· Vehicles (Others)

· Computer

· 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.49.65
UK Pound	1	Rs.77.80
Euro	1	Rs.65.05

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--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	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		47

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.