MIRA INFORM REPORT

Report Date :

26.07.2012

IDENTIFICATION DETAILS

Name :	RSB TRANSMISSIONS (INDIA) LIMITED
Registered Office :	Gat No. 908, Sanaswadi, Taluka Shirur, Pune Nagar Road, Pune – 412208, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.01.1989
Com. Reg. No.:	11-014807
Capital Investment/ Paid-up Capital:	Rs.208.672 Millions
CIN No.: [Company Identification No.]	U34102PN1989PLC014807
TAN No.: [Tax Deduction & Collection Account No.]	RCHR00276D
PAN No.: [Permanent Account No.]	AABCR3925R
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturers of Propeller Shafts, Gears and Shafts and Live Axles.
No. of Employees:	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 8500000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as 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 – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

RBI DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office / Factory 1 :	Gat No. 908, Sanaswadi, Taluka Shirur, Pune Nagar Road, Pune – 412208, Maharashtra, India
Tel. No.:	91-2137-669300
Fax No.:	91-2137-669200
E-Mail :	ashish.tiwari@rsbglobal.com
Website:	http://www.rsbglobal.com
Corporate Office:	Pune Trade Center, Ubale Nagar, Nagar Road, Wagholi, Pune – 412207, Maharashtra, India
Tel. No.:	91-20-30642100
Fax No.:	91-20-30642101
Factory 2 :	NS 25, Phase VI, Industrial Area, Gamharia District, Saraikella Kharswan, Jamshedpur – 832108, Jharkhand, India
Tel. No.:	91-657-2200441 / 22200663
Fax No.:	91-657-2200751
Branch Office :	Located At · Dharwad · Orissa · Uttarkhand · Chennai · Lucknow
Overseas Office :	Located At · Belgium · Guanajauto · United States

DIRECTORS

As on 11.07.2011

Name :

Mr. Rabindra Kumar Behera

Designation :

Managing Director

Address :

Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048, Maharashtra, India

Date of Birth/Age :

04.03.1951

Qualification :

Batchelor of Engineering (Mechanical)

Date of Appointment :

24.01.1989

Din No.:

00011614

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Managing director	06/12/2010	24/01/1989	-	Active	NO
2	U74999JH1991PLC004478	RSB INDUSTRIES LIMITED	Director	30/09/2008	15/05/1991	-	Active	NO
3	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Managing director	01/04/2009	11/03/1992	-	Amalgamated	NO
4	U74999PN2007PTC130480	RSB TEAM TRANSMISSIONS PRIVATE LIMITED	Director	23/07/2007	23/07/2007	-	Active	NO
5	U65993OR1989PTC011312	RSB METALTECH PRIVATE LIMITED	Director	30/09/2008	05/10/2007	-	Active	NO
6	U45201OR2008PTC009778	RSB INFRATECH PRIVATE LIMITED	Director	29/01/2008	29/01/2008	23/05/2008	Active	NO
7	U40105OR2008PTC009782	RSB ENERGY PRIVATE LIMITED	Director	31/01/2008	31/01/2008	-	Active	NO
8	U27100OR2011PLC013085	RSB CASTINGS LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO

Name :

Mr. Suvendra Kumar Behera

Designation :

Managing Director

Address :

22, Road No. – 12, c. h. Area (n.w.), Sonari, Jamshedpur, India

Date of Birth/Age :

19.10.1957

Qualification :

B.Com

Date of Appointment :

24.01.1989

Din No.:

00422271

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Managing director	25/06/2010	24/01/1989	-	Active	NO
2	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Managing director	01/04/2009	01/06/1992	-	Amalgamated	NO
3	U29248PN2000PTC022086	IAL CONSTRUCTION AND AGRI EQUIPMENTS PRIVATE LIMITED	Director	23/03/2002	23/03/2002	-	Amalgamated	NO
4	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	02/09/2004	02/09/2004	-	Active	NO
5	U67120WB1994PTC062209	RSB GLOBAL PRIVATE LIMITED	Director	07/02/2005	07/02/2005	-	Active	NO
6	U73200JH2005NPL011121	ADITYAPUR AUTO CLUSTER	Director	21/03/2005	21/03/2005	27/08/2010	Active	NO
7	U74999PN2007PTC130480	RSB TEAM TRANSMISSIONS PRIVATE LIMITED	Director	23/07/2007	23/07/2007	-	Active	NO
8	U65993OR1989PTC011312	RSB METALTECH PRIVATE LIMITED	Managing director	01/07/2010	05/10/2007	-	Active	NO
9	U45201OR2008PTC009778	RSB INFRATECH PRIVATE LIMITED	Director	29/01/2008	29/01/2008	23/05/2008	Active	NO
10	U40105OR2008PTC009782	RSB ENERGY PRIVATE LIMITED	Director	31/01/2008	31/01/2008	-	Active	NO
11	U74999JH1991PLC004478	RSB INDUSTRIES LIMITED	Director	30/09/2009	27/05/2009	-	Active	NO
12	U27100OR2011PLC013085	RSB CASTINGS LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO

Name :

Mr. Sailendra Kumar Behera

Designation :

Director

Address :

Bunglow No. 48, Clover Hills, Nimb Road, Kondwa, Pune – 411048, Maharashtra, India

Date of Birth/Age :

07.10.1963

Qualification :

Batchelor of Engineering (Mechanical)

Date of Appointment :

30.09.1997

Din No.:

00096056

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Managing director	01/04/2010	30/09/1997	-	Active	NO
2	U29999PN1998PLC012660	I-DESIGN ENGINEERING SOLUTIONS LIMITED	Director	01/07/1998	01/07/1998	-	Active	NO
3	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Director	25/08/2000	25/08/2000	-	Amalgamated	NO
4	U29248PN2000PTC022086	IAL CONSTRUCTION AND AGRI EQUIPMENTS PRIVATE LIMITED	Director	01/04/2009	28/09/2000	-	Amalgamated	NO
5	U65993OR1989PTC011312	RSB METALTECH PRIVATE LIMITED	Director	30/09/2008	05/10/2007	-	Active	NO
6	U74999JH1991PLC004478	RSB INDUSTRIES LIMITED	Managing director	02/04/2009	02/01/2008	-	Active	NO
7	U45201OR2008PTC009778	RSB INFRATECH PRIVATE LIMITED	Director	29/01/2008	29/01/2008	-	Active	NO
8	U40105OR2008PTC009782	RSB ENERGY PRIVATE LIMITED	Director	31/01/2008	31/01/2008	-	Active	NO
9	U45200WB2007PTC113244	HAPPY BRICK BUILDING PRIVATE LIMITED	Director	30/09/2008	18/04/2008	06/11/2009	Active	NO
10	U27100OR2011PLC013085	RSB CASTINGS LIMITED	Director	01/02/2011	01/02/2011	-	Active	NO
11	U45201OR2011PTC014700	3B INFRATECH PRIVATE LIMITED	Director	22/12/2011	22/12/2011	-	Active	NO

Name :

Mr. Dwijadas Sanyal

Designation :

Director

Address :

Flat No. 4, Marigold Building, 26 Anand Park, Lane No. 5, Aundh, Pune – 411007, Maharashtra, India

Date of Birth/Age :

16.12.1939

Date of Appointment :

25.03.1997

Din No.:

00015664

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Director	30/09/2002	30/09/2002	-	Amalgamated	NO
2	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Director	25/03/2003	25/03/2003	-	Active	NO

Name :

Mr. Sunil Vasant Diwakar

Designation :

Director

Address :

C- 002, Shreeji Ville, opp. Nitin co., Almeda Road, Panchpakhadi, Thane – 400602, Maharashtra, India

Date of Birth/Age :

22.05.1963

Qualification :

B. Tech (Hons) (Mechanical Engineering) and CWA

Date of Appointment :

09.09.2007

Din No.:

00089266

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U24230TN1980PLC008382	MALLADI DRUGS AND PHARMACEUTICALS LIMITED	Nominee director	27/12/2004	27/12/2004	-	Active	NO
2	U32301TN1994PLC028160	PRASAD CORPORATION LIMITED	Nominee director	15/10/2005	15/10/2005	-	Active	NO
3	U63090MH1997PLC108197	CONTINENTAL WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED	Nominee director	01/12/2010	15/05/2006	11/04/2011	Active	NO
4	L99999DN1982PLC000128	JBF INDUSTRIES LIMITED	Director	27/07/2007	17/07/2006	-	Active	NO
5	L17226WB1946PLC013554	EASTERN SILK INDUSTRIES LIMITED	Nominee director	20/07/2006	20/07/2006	04/03/2011	Active	NO
6	U32305MH2000PLC124260	EBS WORLDWIDE SERVICES LIMITED	Nominee director	20/07/2006	20/07/2006	11/09/2009	Active	NO
7	U24230MH1971PLC015134	BHARAT SERUMS AND VACCINES LIMITED	Director	25/09/2009	07/08/2006	30/03/2010	Active	NO
8	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Nominee director	26/09/2007	09/07/2007	-	Amalgamated	NO
9	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Nominee director	26/09/2007	09/07/2007	-	Active	NO
10	U24231MH1993PLC150891	ARCH PHARMALABS LIMITED	Nominee director	28/01/2008	28/01/2008	09/12/2010	Active	NO
11	U85110KA1961PLC001433	BHARAT FRITZ WERNER LIMITED	Additional director	27/09/2008	28/07/2008	-	Active	NO
12	U27310JH2006PLC012663	ELECTROSTEEL STEELS LIMITED	Nominee director	31/08/2009	31/08/2009	-	Active	NO
13	L55101DL2007PLC157518	ASIAN HOTELS (WEST) LIMITED	Director	18/09/2010	10/08/2010	-	Active	NO
14	U63090MH2009PLC219843	JICS LOGISTIC LIMITED	Director	24/08/2011	18/07/2011	-	Active	NO

Name :

Mr. Bina Dinesh Trivedi

Designation :

Alternate director

Address :

11, Shilpak Artek Apartments, 4TH Road, Bandra (E), MUMBAI, 400051, Maharashtra, India

Date of Birth/Age :

13.09.1966

Qualification :

B.Com and Chartered Accountant

Date of Appointment :

09.09.2007

Din No.:

01476999

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Alternate director	09/07/2007	09/07/2007	-	Active	NO
2	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Alternate director	09/07/2007	09/07/2007	-	Amalgamated	NO
3	U67120MH2007PTC172267	INDIA GROWTH CAPITAL PRIVATE LIMITED	Director	11/07/2007	11/07/2007	-	Active	NO
4	L01122KA1994PLC016834	KARUTURI GLOBAL LIMITED	Nominee director	23/09/2010	23/09/2010	-	Active	NO

Name :

Mr. Rasamoy Dayamoy Chakraborty

Designation :

Director

Address :

New Ajantha Avenue, Building NO. II, Wing B, Flat NO. 05, Paud Road, Pune – 411029, Maharashtra, India

Date of Birth/Age :

01.03.1944

Qualification :

B. Tech (Hons) (Mechanical Engineering) and CWA

Date of Appointment :

06.12.2004

Din No.:

00011581

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Director	06/12/2004	06/12/2004	-	Active	NO
2	U29999PN1998PLC012660	I-DESIGN ENGINEERING SOLUTIONS LIMITED	Director	30/09/2006	03/03/2006	-	Active	NO
3	U74999PN2007PTC130480	RSB TEAM TRANSMISSIONS PRIVATE LIMITED	Director	23/07/2007	23/07/2007	-	Active	NO
4	U28910PN1990PLC059618	TRINITY INDIA LIMITED	Director	29/09/2008	17/09/2007	23/02/2012	Active	NO
5	U34300PN2005PTC021693	SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED	Director	30/09/2008	30/03/2008	-	Active	NO
6	U40101PN2010PTC135481	SEACO POWER PRIVATE LIMITED	Director	05/02/2010	05/02/2010	-	Active	NO

Name :

Mr. Jaysinh Sakharam Konkar

Designation :

Director

Address :

302, Vinspa Apartment, 06 Boat Club Road, Pune , Maharashtra, India

Date of Birth/Age :

24.01.1943

Qualification :

B. Tech (Hons) (Mechanical Engineering) and CWA

Date of Appointment :

15.07.2008

Din No.:

00011924

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U29119MH1969PLC014404	MENON AND MENON LIMITED	Director	18/09/2002	18/09/2002	-	Active	NO
2	U34300PN1992PLC021849	INTERNATIONAL AUTO LIMITED	Director	01/05/2003	01/05/2003	15/07/2008	Amalgamated	NO
3	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Director	25/08/2008	15/07/2008	-	Active	NO

Name :

Mr. Prasanna Rangacharya Mysore

Designation :

Director

Address :

B- 202, Zen Garden, No 6 Artillery, Road, Ulsoor, Bangalore -560008, Karnataka, India

Date of Birth/Age :

04.04.1947

Date of Appointment :

07.05.2011

Din No.:

00010264

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74140MH2001PLC132863	BIRLA MANAGEMENT CENTRE SERVICES LIMITED	Director	25/07/2001	25/07/2001	23/04/2010	Active	NO
2	L32100GJ1996PLC030976	IDEA CELLULAR LIMITED	Director	17/01/2002	17/01/2002	01/10/2008	Active	NO
3	U13203OR1993PLC003416	UTKAL ALUMINA INTERNATIONAL LIMITED.	Nominee director	17/07/2003	17/07/2003	10/06/2010	Active	NO
4	U74899DL1995PLC068988	IDEA MOBILE COMMUNICATIONS LIMITED	Director	10/06/2004	10/06/2004	-	Amalgamated	NO
5	U26940AP1993PLC016002	DAKSHIN CEMENTS LIMITED	Director	17/02/2005	17/02/2005	-	Active	NO
6	U74899DL1994PLC063363	BTA CELLCOM LIMITED	Director	28/09/2006	22/12/2005	-	Amalgamated	NO
7	U01010MP2006PLC018586	MAHAN COAL LIMITED	Director	25/04/2006	25/04/2006	09/06/2008	Active	NO
8	U99999DL1997PLC091180	IDEA TELECOMMUNICATIONS LIMITED	Director	23/06/2006	23/06/2006	-	Amalgamated	NO
9	U52520AP1990PTC011172	TRINETHRA SUPERRETAIL Private LIMITED	Director	29/09/2007	02/01/2007	22/04/2008	Active	NO
10	U15499AP2005PTC047082	TERRAFIRMA AGROPROCESSING (INDIA) PRIVATE LIMITED	Director	29/09/2007	02/01/2007	22/04/2008	Active	NO
11	U18101AP2002PTC073589	FABMALL (INDIA) PRIVATE LIMITED	Director	29/09/2007	02/01/2007	22/04/2008	Active	NO
12	U64202AP1999PTC072731	H.A.S.TWO HOLDINGS PRIVATE LIMITED	Director	29/09/2007	02/01/2007	22/04/2008	Active	NO
13	U10100MH2007PLC174466	TUBED COAL MINES LIMITED	Director	25/09/2007	25/09/2007	27/05/2010	Active	NO
14	U45208GJ2007PLC051880	IDEA CELLULAR INFRASTRUCTURE SERVICES LIMITED	Director	29/09/2008	03/10/2007	01/06/2010	Active	NO
15	U74140GJ2007PLC051881	IDEA CELLULAR SERVICES LIMITED	Director	29/09/2008	03/10/2007	01/06/2010	Active	NO
16	U74120DL2007PLC171006	IDEA CELLULAR TOWERS INFRASTRUCTURE LIMITED	Director	30/09/2008	03/12/2007	01/06/2010	Active	NO
17	L74899DL1995PLC066827	SPICE COMMUNICATIONS LIMITED	Director	02/09/2009	08/08/2008	-	Amalgamated	NO
18	U32204DL2007PLC169599	Idea Mobile Commerce Services Limited	Director	16/04/2009	30/03/2009	01/06/2010	Active	NO
19	L99999MH1986PLC038532	RUNEECHA TEXTILES LIMITED	Director	30/09/2010	06/09/2010	-	Active	NO
20	U74140TN1998PTC040510	CHESS MANAGEMENT SERVICES PRIVATE LIMITED	Additional director	15/12/2010	15/12/2010	-	Active	NO
21	L55101KA1979PLC003620	MAC CHARLES (INDIA) LIMITED	Director	05/09/2011	30/03/2011	-	Active	NO
22	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Director	11/07/2011	07/05/2011	-	Active	NO

Name :

Mr. Rajnikant Ravindrakumar Behera

Designation :

Director

Address :

Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048, Maharashtra, India

Date of Birth/Age :

25.11.1977

Date of Appointment :

01.05.2011

Din No.:

00317205

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67120WB1994PTC062209	RSB GLOBAL PRIVATE LIMITED	Director	07/02/2005	07/02/2005	-	Active	NO
2	U72300PN2006PTC128508	IVITESSE TECHNOLOGIES PRIVATE LIMITED	Director	29/09/2007	12/06/2006	-	Active	NO
3	U74999JH1991PLC004478	RSB INDUSTRIES LIMITED	Additional director	01/10/2011	10/07/2007	-	Active	NO
4	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Whole-time director	01/05/2011	01/05/2011	-	Active	NO

Name :

Mr. Nishant Behera

Designation :

Director

Address :

Bungalow No. 132, Clover Hills, NIBM Road, Kondhwa, Pune – 411048, Maharashtra, India

Date of Birth/Age :

25.11.1977

Date of Appointment :

01.05.2011

Din No.:

00317489

Other Directorship

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999JH1991PLC004478	RSB INDUSTRIES LIMITED	Director	30/09/2004	30/09/2004	27/05/2009	Active	NO
2	U65993OR1989PTC011312	RSB METALTECH PRIVATE LIMITED	Director	30/09/2009	06/01/2009	-	Active	NO
3	U45200WB2007PTC113244	HAPPY BRICK BUILDING PRIVATE LIMITED	Director	30/09/2010	06/11/2009	-	Active	NO
4	U34102PN1989PLC014807	RSB TRANSMISSIONS (INDIA) LIMITED	Whole-time director	01/05/2011	01/05/2011	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Ashish Tiwari
Designation :	Secretary
Address :	23/6, Amba Nagari, Vishrantwadi, Pune – 411015, Maharashtra, India
Date of Birth/Age :	12.12.1972
Date of Appointment :	20.08.2009
Pan No.:	ADQPT2970F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 11.07.2011

Names of Equity Shareholders	No. of Shares
Rabindra Kumar Behera	1506464
Suvendra Kumar Behera	1410517
Sailendra Kumar Behera	602821
Papia Behera	34821
Urmila Behera	902761
Nalini Behera	45294
Padmabati Behera	31264
Gyabebdra Kumar Behera	35693
Nrendra Kumar Behera	20153
Bhramarbar Behera	20153
Soumendra Behera	15602
RSB Metaltech Private limited, India	896281
Sangita Behera	854854
NIshant Behera	81195
Rajnikant Behera	60319
Niramla Udgata	27206
Ratikant Behera	12736
Rituraj Behera	12736
Sarthak Behera	8668
RSB Industries Limited, India	8666454
RSB Global Private limited, India	189531
Subhashree Behera	180385
Jharna Behera	36961
Satya Swarup	26000
Nishit Behera	17926
Jayanti Behera	56409
Tara India Fund III Trusts, India	263
EIF Coinvest VII, Mauritius	1993
Tara India Holdings A Limited, Mauritius	1383
Tara India Fund III Domestic Trusts, India	347
Total	15757190

Names of Preference Shareholders	No. of Shares
Tara India Fund III Trusts, India	376029
EIF Coinvest VII, Mauritius	2261628
Tara India Holdings A Limited, Mauritius	1976585
Tara India Fund III Domestic Trusts, India	495760
Total	5110002

As on 11.07.2011

Category	Percentage
Venture Capital	0.02
Bodies corporate	61.89
Directors or relatives of directors	38.09
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturers of Propeller Shafts, Gears and Shafts and Live Axles

Item Code No.	Product Description
870840	Parts, Components and Agreegates for Automobiles
843149	Parts of other excavating, leveling and tampering self ropelled machineries
870860	Non-driving axles and parts thereof

· Propeller Shaft

· Axles

· Transmission Components

· Aluminium Castings

· Ferrous Castings

· Running Gear System

· Trailers

· Construction Equipment Aggregates

· Forgings

GENERAL INFORMATION

Customers :

· Tata

· Mahindra

· Fiat

· Cummins

· Telcom

· Elcher

· Form Tech

· John Deere

· Allison Transmission

· Eaton

· Agco

· Ashok Leyland

· Volvo

· Lombardini

· JCB

No. of Employees :

Information denied by Management

Bankers :

Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road, Bistupur, Jamshedpur - 83100, Jharkhand India

Facilities :

Rs. in Millions

SECURED LOANS	31.03.2011	31.03.2010
Rupee term loans banks secured	(A)1574.863	1708.036
Rupee term loans financial institutions secured	(B)169.548	153.353
Working capital loans banks secured	(C)742.081	620.282
Loans taken for vehicles secured	(D)6.518	8.171
Other debt secured	(E)279.035	97.647
Total	2772.045	2587.489

Note:

(A) - State Bank of India (Amount repayable within One year Rs.243.265 Millions : Previous year Rs.111.250 Millions ) - Indian Overseas Bank (Amount repayable within one year Rs.32.400 Millions : Previous Year Rs.32.400 Millions) - Punjab National Bank (Amount repayable within one year Rs. 83,025,807 : Previous Year Rs.64.240 Millions) - Bank of India (Secured by way of Hypothecation of specific four machines) (Amount repayable within one year Rs. Nil : Previous Year Rs. 4.412 Millions) - State Bank of Travancore (Amount repayable within One year Rs.7.961 Millions : Previous year Rs.16.704 Millions) - Dena Bank (Amount repayable within One year Rs.12.000 Millions : Previous year Rs. Nil) - Industrial Development Bank of India (Amount repayable within One year Rs.56.800 Millions : Previous year Rs.45.571 Millions ) - Allahabad Bank (Amount repayable within One year Rs.32.340 Millions: Previous year Rs.30.140 Millions )

(B) Term Loan from NBFC's: - Tata Capital Ltd. (Amount repayable within One year Rs.85.320 Millions : Previous year Rs.73.320 Millions) – L and T Finance Ltd. (Amount repayable within One year Rs.5.089 Millions : Previous year Rs.Nil)

(C) Includes- - State Bank of India - Corporation Bank - Bank of India - HDFC Bank Ltd. - Dena Bank - Allahabad Bank - IDBI Bank Ltd.

(D) [Amount repayable within one year Rs.2.123 Millions (Previous Year Rs. 5.617 Millions)]

(E) Includes- From SIDBI under Receivable Finance Scheme Buyer's Credit Facility

UNSECURED LOANS	31.03.2011	31.03.2010
Rupee term loans financial institutions unsecured	(A)32.726	49.091
Deferred sales tax loan unsecured	(B)81.500	86.988
Other debt unsecured	(C)31.588	(D)132.321
Total	145.814	268.400

Note:

(A) Includes- From NBFC's- Tata Capital Limited

(B) Includes- Sales Tax Deferral (Interest Free) [Repayable within one year Rs.9.897 Millions (Previous Year Rs.5.488 Millions)]

(C) Includes- Loan from Bodies Corporate John Deere

(D) Includes- Loan from SIDBI under Receivable Finance Scheme Loan from Bodies Corporate

Banking Relations :	--
Financial Institution:	L and T Finance Limited, L and T House, N.M.Marg, Ballard Estate, Mumbai-400001, Maharashtra, India
Auditors :
Name :	Sharp and Tannan Associates Chartered Accountant
Address :	802 Lloyds Chambers, Dr. Ambedkar Road, Opp. Ambedkar Bhavan, Pune 411001, Maharashtra, India
Pan No.:	AAAFS1034J
Subsidiaries :	· Design Engineering Solutions Limited CIN No.: U29999PN1998PLC012660 · RSB Castings Limited CIN No.: U27100OR2011PLC013085 · RSB North America LLC · RSB Transmission NA, Inc · RSB Europe B.V Netherlands · RSB Transmission Belgium N.V

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
24000000	Equity Share	Rs.10/- each	Rs.240.000 Millions
6000000	Preference Share	Rs.10/- each	Rs.60.000 Millions
			Rs.300.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
15757190	Equity Share	Rs.10/- each	Rs.157.572 Millions
5110002	Preference Share	Rs.10/- each	Rs.51.100 Millions
			Rs.208.672 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		208.672	208.672	102.241
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1938.234	1603.802	763.059
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2146.906	1812.474	865.300
LOAN FUNDS
1] Secured Loans		2772.045	2587.489	1305.976
2] Unsecured Loans		145.814	268.400	151.821
TOTAL BORROWING		2917.859	2855.889	1457.797
DEFERRED TAX LIABILITIES		288.196	206.807	113.006
TOTAL		5352.961	4875.170	2436.103
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3933.818	3654.331	1765.893
Capital work-in-progress		80.088	206.549	75.490
INVESTMENT		383.849	311.277	311.888
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	947.869	733.383	292.138
	Sundry Debtors	696.311	388.529	139.162
	Cash & Bank Balances	83.234	114.801	76.043
	Other Current Assets	8.306	0.431	0.000
	Loans & Advances	398.630	324.880	131.403
Total Current Assets		2134.350	1562.024	638.746
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	1003.899	754.234	323.409
	Other Current Liabilities	100.718	66.452	27.022
	Provisions	74.527	38.325	5.483
Total Current Liabilities		1179.144	859.011	355.914
Net Current Assets		955.206	703.013	282.832
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		5352.961	4875.170	2436.103

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	8368.396	5462.798	1953.131
		Other Income	26.789	7.032	36.455
		TOTAL (A)	8395.185	5469.830	1989.586
Less	EXPENSES
		Consumption of Changes in inventories	5520.279	3541.100
		Manufacturing Service Cost	783.828	530.737	1696.937
		Employee related Expenses	604.100	396.847
		Administrative Selling other Expenses	325.037	207.459
		TOTAL (B)	7233.244	4676.143	1696.937
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		1161.941	793.687	292.650
Less	FINANCIAL EXPENSES (D)		349.290	367.737	129.504
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		812.651	425.950	163.146
Less/ Add	DEPRECIATION/ AMORTISATION (F)		317.109	283.268	102.996
	PROFIT BEFORE TAX (E-F) (G)		495.542	142.682	60.150
Less	TAX (H)		136.857	64.741	27.080
	PROFIT AFTER TAX (G-H) (I)		358.685	77.941	33.070
	ADJUSTMENT RELATED MERGER ACQUISITION		0.000	241.740	0.000
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		500.887	202.704	169.665
Less	APPROPRIATIONS		24.252	21.498	0.031
	BALANCE CARRIED TO THE B/S		835.320	500.887	202.704
	Earnings Per Share (Rs.)		23.39	4.46	4.28

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.27	1.42	1.66
Net Profit Margin (PBT/Sales)	(%)	5.93	2.61	3.07
Return on Total Assets (PBT/Total Assets}	(%)	8.17	2.73	2.50
Return on Investment (ROI) (PBT/Networth)		0.23	0.08	0.06
Debt Equity Ratio (Total Liability/Networth)		1.90	2.04	2.09
Current Ratio (Current Asset/Current Liability)		1.81	1.81	1.79

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	(No)
5]	Type of Business	(Yes)
6]	Line of Business	(Yes)
7]	Promoter's background	(Yes)
8]	No. of employees	(No)
9]	Name of person contacted	(No)
10]	Designation of contact person	(No)
11]	Turnover of firm for last three years	(Yes)
12]	Profitability for last three years	(Yes)
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	(No)
15]	Capital in the business	(Yes)
16]	Details of sister concerns	(Yes)
17]	Major suppliers	(No)
18]	Major customers	(Yes)
19]	Payments terms	(No)
20]	Export / Import details (if applicable)	(No)
21]	Market information	----------------------
22]	Litigations 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	(Yes)
29]	Last accounts filed at ROC	(Yes)
30]	Major Shareholders, if available	(Yes)
31]	PAN of Proprietor/Partner/Director, if available	(No)
32]	Passport No of Proprietor/Partner/Director, if available	(No)
33]	Voter ID No of Proprietor/Partner/Director, if available	(No)

COMPANY’S PERFORMANCE

During the year, the recovery of the global economy continued following the trend of the previous year, but it was far from the pre recession level. Contrary to the global situation, despite stubborn inflation and rising interest cost, India’s overall economy showed greater momentum, though there were signs of slowdown in the last quarter of the fiscal. India’s GDP in the first three quarters of FY11 grew at a pace of 9.3, 8.9 and 8.2 percentages respectively. It lost the momentum in the last quarter and posted a lower rate of 7.8 percent. Overall, the GDP for the full FY11 year stood at 8.5 percent as against 8.0 percent in FY10. The Index of Industrial Production, which measures the factory output of the country, was also tempered in the last quarter of FY11. The manufacturing sector, which accounts for almost 80 percent of the index, saw its annual growth fall to 8.1 percent in FY11 from 11 per cent in the previous fiscal. The mining sector also saw a decline in growth to 5.9 percent in FY11 from 9.9 percent in the previous fiscal. While the GDP growth rate for the economy as a whole was 8.5 percent for FY11, the GDP of the manufacturing segment (which supports their Auto vertical) grew at a marginal lower rate of 8.3 percent in FY11 while in the previous fiscal it was 8.9 percent. In comparison the GDP growth rates of the construction and mining and quarrying sectors (which support their Construction Equipment and Trailers – CE - vertical) were 8.1 percent and 5.8 percent as compared to 6.5 percent and 8.7 percentages respectively in the previous fiscal. Reflecting the above sentiment, the automotive segment registered growth. The M and HCV segment which is the predominant market for the products of the company registered a growth rate of 38 percent. Likewise the LCV segment posted a growth of 29 percent. The passenger vehicle segment also achieved an increase of 27 percent. The strong momentum of the Indian economy swelled the demand for both passenger and commercial vehicles despite constantly rising interest costs and stubborn inflation. The continuation of the stimulus packages by the government contributed to some extent to absorb the rising cost. This has particularly helped in the revival of commercial vehicle and passenger vehicle segments and this in turn aided the Auto vertical of the company to post, in comparison to FY10, improved top and bottom line. The Auto vertical of the Company, continues to strive for improvement in processes, materials, cost reduction and supply chain management. The Auto vertical in FY11 achieved a turnover of Rs.6258.800 Millions, nearly 48 % more than the Rs.4228.800 Millions that it posted in FY10. The performance of the construction equipment industry also improved in FY11. The reasons for such a performance were higher GDP growth in India, infrastructure related investment, expanding presence and engagement of global construction equipment OEMs in India and increasing export opportunities coinciding with the global economic revival. Keeping pace with the industry performance, the CE vertical of the Company also improved its FY11 top line substantially, which grew by 72 %, to post Rs. 2136.4 Millions against Rs.1241.000 Millions in FY10. The focus of the trailer division of the Company was on special purpose trailers like coil carriers and canopy trailers. But the demand for such trailers is simply not large enough to keep the capacity utilized. Hence the operation of the trailer division has now been merged with CE Vertical. However, the Company will continue to produce special trailers and remain active in this segment to take advantage of opportunities that may arise in future. The spare capacity of trailer division will be used for manufacture of CE products. In FY 11 the Company’s India operations attained a top line of INR 8395.200 Millions which is 53 % higher than the FY10 level of INR 54698.000 Millions. The PBT grew at 247 percent by increasing from Rs.142.600 Millions in FY10 to Rs.49.55 Millions in FY11. Likewise, the PAT increased by 360 percent from Rs.77.900 to Rs.358.700 Millions from FY10 to FY11.

PERFORMANCE OF SUBSIDIARIES:

RSB TRANSMISSIONS NA, INC:

RSB Transmissions NA, Inc, in FY 11, recorded sales revenue of INR 1198.500 Millions (USD 26.63 million), representing an increase of 55.83 percent from the FY 10 level which was INR 769.100 Millions (USD 17.09 million). PAT improved by 281.70 percent from INR 22.400 Millions (USD 0.50 million) to INR 85.500 Millions (USD 1.90 million). Its major products are differential cases, planet carriers, yokes, drive hubs and overhead carriers. Its main customers are American Axle, Allison, GM, Magna, Eaton and Formtech among others.

RSB TRANSMISSIONS BELGIUM NV:

RSB Transmissions Belgium NV (formerly known as MSI NV), post acquisition in March 2010, in one full financial year of operation, posted a turnover of INR 916.200 Millions (EURO 15.32 million) in FY 11. For the same period, the PAT was INR 06.700 Millions (EURO 0.11 million). Previously, the company was following an accounting calendar ending 31st December. Hence comparative figures for the previous year are not available. Its main products are heavy fabrications like undercarriages, base frame and various weldments and components for booms and arms. Its major customers are Caterpillar in Belgium and France, GE, MWM and Silbitz Guss. i –

DESIGN ENGINEERING SOLUTIONS LIMITED:

i - Design, the design wing of the Company, attained a top line of INR 94.000 Millions in FY 11 and this is 113.42 percent more than the FY 10 level of INR 44.100 Millions. EBITDA improved by 116.21 percent from INR 0.69 to INR 14.900 Millions during the same period. Likewise the PAT also increased by 194.41 percent from INR 0.25 to INR 7.500 Millions.

NEW PLANT IN MEXICO:

The Company further expanded its global footprint in FY11. The US arm of their organization, RSB NA LLC, has now set up a wholly owned subsidiary at Silao, Guanajuato State, Mexico. The name of this division is RSB Transmissions de Mexico. It is a precision machining plant to produce various transmission components like differential cases, yokes, carriers and finished gears which are same as the products manufactured by both RSB India and RSB NA. It will cater to the leading OEM customers of RSB NA who also have presence in Mexico The plant was inaugurated on April 27, 2011 by the Honourable Governor Olivia of Guanajuato State in the presence of many respected government and industry delegates.

AWARDS:

For the past several years the Company has consistently been receiving awards from its various customers for its quality, delivery and ingenuity. In FY11 too the Company received three awards from HV Axles Ltd (Tata Enterprise) for its contributions in delivery, new product development and business association.

INDUSTRY OUTLOOK:

The long term future outlook of Indian economy is firmly optimistic. It is a widely acknowledged fact that the weight of the future global economy is going to shift to the emerging economies. According to the estimates of World Bank, growth of global economy including the automotive business will be led by BRIC (Brazil, Russia, India and China) countries. According to ACMA forecast, India is expected to witness strong growth in vehicle production until 2020 in all segments. This will position India as one of the top five vehicle producing countries in the world. In fact, India, in FY12, is set to overtake Brazil to become the sixth largest passenger vehicle manufacturer in the world. Driven by this growth, the domestic consumption of auto components could grow fourfold from its 2009 level to about INR 5.6 lakh crore by 2020. Similarly exports are projected to grow sevenfold to INR 1.2 to 1.4 lakh crore by 2020. To support its projections, CRISIL estimates that in India an estimated amount of around USD 830 billion (INR 37.4 lakh crore) is planned to be invested in different infrastructure sectors between FY11 and FY15. Sectors planned for infrastructure investments are mainly roads Rs.63810.000 Millions, irrigation Rs.22180.000 Millions, urban infrastructure Rs.15910.000 Millions, power Rs.20390.000 Millions, railways Rs.13490.000 Millions, ports and airports Rs.5210.000 Millions and telecom infrastructure Rs. 2050.0 Millions, oil and gas Rs.15010.000 Millions, metals and mining Rs.4510.000 Millions, automobiles Rs. 2850.000 Millions and other industries Rs.2680.000 Millions. While the long term outlook is positive and vibrant, what is of great concern is the immediate outlook. India’s economy grew by just 7.8 per cent in the fourth quarter of FY11, mainly due to poor performance of the manufacturing sector, against 9.4 percent in the same three-month period of the previous fiscal. Manufacturing sector growth slowed down to 5.5 percent from 15.2 percent in the same quarter of FY10. In addition, mining and quarrying sector grew by only 1.7 percent during the quarter under review against 8.9 percent in the fourth quarter of the previous fiscal. India’s annual inflation at 8.7 % is the highest among all Asian countries and the RBI has hiked interest rates nine times in the last fifteen months to check the inflation and bring down the cost of living. Inflation is unlikely to abate for some time due to rising commodity prices worldwide and higher fuel price. The world crude price is hovering around USD 110 a barrel at a two-and-half-year high. In India, in a calibrated move to transition to a deregulated regime of pricing, the fuel price has been hiked 8 times since June 2010. This together with the deregulation of diesel which is contemplated would further impact inflation which will in turn necessitate increase in the interest rate. Overall automotive sales have reduced in May 2011 due to higher fuel price and hardening of interest rate due to aggressive monetary stance to control the inflation. Factoring the fears of a slowdown, the automotive industry expects the pace of growth to slacken this year to 12 – 15 percent. Similar softening of sentiment has not been reported from the Earth Moving Construction Equipment industry. The softening of economy is not confined only to India, it is a global phenomenon. Although India is integrated with the global economy, it is sufficiently decoupled to continue with its growth momentum albeit at a moderate pace. Manufacturing growth from China to the Euro region and the US has been slowing down for the last few months. The simultaneous drop indicates that the world economy is struggling to withstand the combined effect of rising oil prices, Europe’s sovereign-debt crisis and the aftermath of Japan’s earthquake. In conclusion, the Indian economy, though on a growth momentum path, has to be cautious about the stumbling blocks of price rise, increase in interest rate and geopolitical factors.

CONTINGENT LIABILITIES

Rs.in Millions

Partucular	31.03.2011	31.03.2010
Bills Discounted with Banks not matured	843.563	966.978
Sales Tax Demand in respect of which Company is in appeal	4.845	2.440
Corporate Guarantees issued to the Bankers by the Company in respect of financials assistance taken by, wholly owned subsidiaries from bankers
i Design Engineering Solutions Limited	30.000	--
ii RSB Europe B.V.	63.240	--
	1.0 Mn Euros

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U34102PN1989PLC014807
Name of the company	RSB TRANSMISSIONS [INDIA] LIMITED
Address of the registered office or of the principal place of business in India of the company	Gat No. 908, Sanaswadi, Taluka Shirur, Pune Nagar Road, Pune – 412208, Maharashtra, India Email: ashish.tiwari@rsbglobal.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10328978
Type of charge	· Movable property (not being pledge) · Immovable Property · Any interest in immovable property
Particular of charge holder	Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road, Bistupur, Jamshedpur - 83100, Jharkhand India Email: manisht.yadav@axisbank.com
Nature of instrument creating charge	Deed of Hypothecation Machinery and Other Fixed Assets
Date of instrument Creating the charge	16.03.2012
Amount secured by the charge	Rs.210.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Term Loan - RS.210.000 Millions : 2.75% above the Base Rate (Present Base Rate being 10.00%) i.e presently applicable @ 12.75% Terms of repayment Term Loan - RS.210.000 Millions Margin Term Loan - RS.210.000 Millions Extent and Operation of the charge: Pari Passu First Charge on the entire Fixed Assets of the company situated at Uttaranchal Plant located at Plot No.23, Sector11,TATA Vendor Park, ant Nagar, Uttaranchal-263153 Freehold Land located at Plot No.94 (P),95,723 (P),719 (P),708,717, admeasuring 10.21 Acres situated at Vill-Asangi,Adityapur,Jamshedpur. First pari passu charge being shared with Tata Capital Limited.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Entire Fixed assets of the comapany at Uttaranchal Plant located at Plot No.23, Sector11,IIE-TATAVendor Park,PantNagar,Uttaranchal-263153 Freehold Land located at Plot No.94 (P),95,723 (P),719 (P),708,717, admeasuring 10.21 Acres situated at Vill-Asangi,Adityapur,Jamshedpur
Particulars of the present modification	By this Modification the overall limit secured is reduced to Rs.210.000 Millions.

COMPANY ANALYSIS:

According to the Individual - Audited financial statement for the Year of 2010, total net operating revenues increased with 174.92%, from Rs.198.96 tens of millions to Rs.546.98 tens of millions. Operating result increased from Rs.29.56 tens of millions to Rs.80.12 tens of millions which means 171.04% change. The results of the period increased 135.35% reaching Rs.7.79 tens of millions at the end of the period against Rs.3.31 tens of millions last year. Return on equity (Net income/Total equity) went from 3.83% to 4.30%, the Return On Asset (Net income / Total Asset) went from 1.42% to 1.67% and the Net Profit Margin (Net Income/Net Sales) went from 1.66% to 1.42% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 257.57% compared to 268.47% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.82 to 1.90 when compared to the previous year

As per Website Details

PROFILE

RSB, more than being a successful first generation business enterprise, is a throbbing and passionate story of its people, values and indomitable spirit of faith and innovation. It is the story of an ever-growing vibrant family that is founded on ethics, anchored on humanism, energized by passion, driven by the spirit of excellence and above all is in quest for immortality.  

RSB is a fast growing global engineering organization with business interest ranging from design to manufacturing of aggregates and systems related to commercial vehicles, passenger cars, construction and farm equipments and a wide variety of automotive and off-highway equipments. 

The brothers, R. K. Behera and S. K. Behera, from a humble beginning, scripted the story of the RSB in 1975 at Jamshedpur. Three decades later, headquartered at Pune, it has grown into a pulsating institution with manufacturing setups at Jamshedpur, Pune, Dharwad, Chennai, Pantnagar, Cuttack, Homer (USA) and Belgium (Europe). 

RSB comprises of four different companies, namely, Subject, RSB Transmissions North America Inc. (Formerly known as Miller Brothers Manufacturing), I-Design Engineering Solutions Limited. and Ivitesse Technologies Private Limited.

All RSB manufacturing units are ISO/ TS16949, ISO: 14001 and OHSAS: 18001 certified.

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.56.38
UK Pound	1	Rs.87.44
Euro	1	Rs.68.05

INFORMATION DETAILS

Report Prepared by :

NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		48

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.