MIRA INFORM REPORT

Report Date :

30.07.2012

IDENTIFICATION DETAILS

Name :	SUNDARAM INDUSTRIES LIMITED
Registered Office :	“TVS Building”, 7-B, West Veli Street, Madurai – 625001 Tamilnadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	19.05.1943
Com. Reg. No.:	18-002656
Capital Investment / Paid-up Capital :	Rs.25.200 Millions
CIN No.: [Company Identification No.]	U65991TN1943PTC002656
TAN No.: [Tax Deduction & Collection Account No.]	CMBS03253F/ MRIS00569C/ CHES18228A/ MRIS01659A
PAN No.: [Permanent Account No.]	AABCS53220H
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing of parts and accessories for motor vehicles and their engines.
No. of Employees :	3000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (66)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 5000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an old, well established and a reputed company having fine track. There appears some dip in the profitability of the company during 2011. However, Financial position of the company appears to be sound. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Long Term Loans : ICRA AA
Rating Explanation	Very low credit risk
Date	24.10.2011

Rating Agency Name	ICRA
Rating	Short Term Fund based Facilities : ICRA A1+
Rating Explanation	Lowest credit risk
Date	24.10.2011

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 :	“TVS Building”, 7-B, West Veli Street, Madurai – 625001, Tamilnadu, India
Tel. No.:	91-44-28520781/ 2338743
Fax No.:	91-44-28524812
E-Mail :	silcs@silcorporate.in
Factory and Central Marketing Office :	Rubber Factory, Usilampati Road, Kochadai, Madurai-625016, Tamilnadu, India
Tel. No.:	91-452-2381531
Fax No.:	91-452-2381240
Email :	sirf.exorts@tvsrubber.com
Plant II :	Plot No. 11, Sector-3, IMT – Mamesar, District Gurgaon-122050, Haryana, India
Tel. No.:	91-124-2215129/ 4388848
Fax No.:	91-124-4388846
Chennai Marketing Office :	5^th Floor, Sudarshan Building, 14, Whites Road, Chennai - 600014, Tamilnadu, India
Tel. No.:	91-44-28526007-9
Fax No.:	91-44-28522992
Overseas Address :	Adel International Inc., 15035, Sterling Oaks Drive, Naples, FL 34110, USA
Tel. No.:	001-239-593-5113
Fax No.:	001-239-593-5114
Email :	jgaryray@earthlink.net

SOLE PROPRIETOR

(AS ON 27.09.2011)

Name :

Mr. Krishna Ramesh

Designation :

Director

Address :

Lakshmi Building, Usilampatti Road, Kochadai, Madurai-625016, Tamilnadu, India

Date of Birth/Age :

17.02.1939

Date of Appointment :

14.06.1972

Din No.:

00556922

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Director	25/12/1970	25/12/1970	Active	NO
2	L35999TN1962PLC004943	SUNDRAM FASTENERS LIMITED	Director	21/12/1971	21/12/1971	Active	NO
3	U27209TN1962PLC004760	TVS SEWING NEEDLES LIMITED	Director	06/03/1972	06/03/1972	Active	NO
4	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	14/06/1972	14/06/1972	Active	NO
5	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Managing director	23/04/2010	27/09/1975	Active	NO
6	L34300TN1974PLC006703	SUNDARAM BRAKE LININGS LIMITED	Director	16/11/1982	16/11/1982	Active	NO
7	U17111TN1960PLC004340	SUNDARAM TEXTILES LIMITED	Director	27/08/2004	27/08/2004	Active	NO

Name :

Mr. Santhanam Ram

Designation :

Director

Address :

29, Prithvi Avenue, Abiramapuram IV Street, Chennai-600018, Tamilnadu, India

Date of Birth/Age :

27.04.1940

Date of Appointment :

14.06.1972

Din No.:

00018309

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Director	25/12/1970	25/12/1970	Active	NO
2	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	14/06/1972	14/06/1972	Active	NO
3	L35921TN1960PLC004175	WHEELS INDIA LIMITED	Whole-time director	01/05/2010	28/05/1974	Active	NO
4	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Director	24/04/1975	24/04/1975	Active	NO
5	U27209TN1981PLC008630	AXLES INDIA LIMITED	Director	01/04/2012	18/02/1981	Active	NO
6	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	27/09/1988	27/09/1988	Active	NO
7	U35202TN1998PLC041466	IRIZAR TVS LIMITED	Director	05/02/2001	05/02/2001	Active	NO
8	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	16/11/2004	16/11/2004	Active	NO
9	L65991TN1954PLC000958	INDIA MOTOR PARTS & ACCESSORIES LIMITED	Director	24/01/2006	24/01/2006	Active	NO

Name :

Mr. Krishna Mahesh

Designation :

Director

Address :

No. 39, I Main Road, Raja Ahnamalaipuram, Chennai-600018, Tamilnadu, India

Date of Birth/Age :

11.10.1943

Date of Appointment :

30.11.1978

Din No.:

00051438

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U60221TN1946PLC002582	SOUTHERN ROADWAYS LIMITED	Director	29/01/1975	29/01/1975	Active	NO
2	L34300TN1974PLC006703	SUNDARAM BRAKE LININGS LIMITED	Managing director	23/04/1975	23/04/1975	Active	NO
3	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	28/07/1975	28/07/1975	Active	NO
4	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Whole-time director	23/09/2010	30/08/1976	Active	NO
5	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	30/11/1978	30/11/1978	Active	NO
6	U29309TN1997PTC038164	TVS GLOBAL TRADE PRIVATE LIMITED	Director	13/05/1997	13/05/1997	Active	NO
7	U17111TN1960PLC004340	SUNDARAM TEXTILES LIMITED	Director	28/09/2006	28/09/2006	Active	NO

Name :

Mr. Santhanam Viji

Designation :

Director

Address :

No. 33, Poes Garden, Chennai-600086, Tamilnadu, India

Date of Birth/Age :

07.06.1946

Date of Appointment :

30.11.1978

Din No.:

00139043

Other Directorships :

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	U35999TN1962PLC004928	BRAKES INDIA LIMITED	Managing director	01/04/2010	02/10/1975	-	Active	NO
2	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Director	30/08/1976	30/08/1976	-	Active	NO
3	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	30/11/1978	30/11/1978	-	Active	NO
4	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	17/01/1986	17/01/1986	-	Active	NO
5	L35921TN1960PLC004175	WHEELS INDIA LIMITED	Director	31/07/1986	31/07/1986	-	Active	NO
6	U28920TN1993PTC025794	SUNDARAM DYNACAST PRIVATE LIMITED	Director	30/10/1993	30/10/1993	-	Active	NO
7	U65922TN1999PLC042759	SUNDARAM BNP PARIBAS HOME FINANCE LIMITED	Director	02/07/1999	02/07/1999	-	Active	NO
8	U67200TN2000PLC045611	ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED	Director	22/08/2000	22/08/2000	-	Active	NO
9	U65999TN2003PLC052058	SUNDARAM TRUSTEE COMPANY LIMITED	Nominee director	08/12/2003	08/12/2003	-	Active	NO
10	U73100TN2006NPL059651	IIT MADRAS RESEARCH PARK	Additional director	15/12/2009	15/12/2009	-	Active	NO
11	U28113TN2010PLC075244	FLOMETALLIC INDIA LIMITED	Director	05/04/2010	05/04/2010	25/09/2010	Active	NO
12	U74900TN2010PLC076378	BIH BRAKING COMPANY LIMITED	Director	30/06/2010	30/06/2010	-	Active	NO

Name :

Mr. Srinath R. Rajam

Designation :

Director

Address :

TVS House, No. 20, Cenotaph II Lane, Chennai-600028, Tamilnadu, India

Date of Birth/Age :

30.01.1957

Date of Appointment :

16.03.1983

Din No.:

00054758

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	16/03/1983	16/03/1983	Active	NO
2	U93090TN1987PLC032239	TVSC-SGI INTERNATIONAL LIMITED	Director	21/01/1987	21/01/1987	Active	NO
3	U65993TN1983PTC009852	VARSHA HOLDING PRIVATE LIMITED	Director	24/06/1993	24/06/1993	Active	NO
4	U65993TN1983PTC009853	SRIYA HOLDING PRIVATE LIMITED	Director	24/06/1993	24/06/1993	Active	NO
5	U18209TN1994PLC028648	SPORT GLOVE INDIA LTD	Director	16/09/1994	16/09/1994	Active	NO
6	U25192TN2002PLC048368	KWIK PATCH LIMITED	Managing director	01/01/2011	01/04/2004	Active	NO
7	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Director	16/06/2005	16/06/2005	Active	NO
8	U29129TN1983PLC009786	SUNCO MACHINES LIMITED	Director	22/07/2005	22/07/2005	Active	NO

Name :

Mr. Naresh Ramchandran

Designation :

Joint Managing Director

Address :

 TVS Building, West Vali Street, Madurai-625001, Tamilnadu, India

Date of Birth/Age :

28.02.1957

Date of Appointment :

16.03.1983

Din No.:

00273609

Other Directorships :

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	L25111TN1982PLC009414	TVS SRICHAKRA LIMITED	Whole-time director	16/06/2009	02/06/1982	-	Active	NO
2	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Managing director	05/12/2010	16/03/1983	-	Active	NO
3	U72300TN1997PLC039110	TVS INTERCONNECT SYSTEMS LIMITED	Director	07/10/1999	07/10/1999	25/09/2008	Active	NO
4	U30007TN1995PLC033338	TVS TELECOM COMPONENTS LIMITED	Director	31/10/2005	31/10/2005	-	Active	NO
5	U30007TN1993PTC026291	ZF ELECTRONICS TVS (INDIA) PRIVATE LIMITED	Director	10/03/2007	10/03/2007	-	Active	NO
6	U72900TN2007PLC063049	INDIA TELECOM INFRA LIMITED	Director	09/04/2007	09/04/2007	04/03/2008	Amalgamated	NO
7	U65921TN2007PLC063294	NSM HOLDINGS LIMITED	Director	27/04/2007	27/04/2007	25/09/2008	Active	NO
8	U72900TN2004PLC054575	TVSNET TECHNOLOGIES LIMITED	Director	20/08/2007	14/07/2007	25/09/2008	Active	NO
9	U34300TN2007PTC065714	TVS NOVOTEMA ELASTOMERIC ENGINEERED PRODUCTS PRIVATE LIMITED	Director	12/12/2007	12/12/2007	-	Active	NO
10	U29299TN2008PTC065920	FIRESTONE TVS PRIVATE LIMITED	Director	02/01/2008	02/01/2008	-	Active	NO
11	U74999TN2008PTC069492	BRIDGESTONE TVS INDIA PRIVATE LIMITED	Nominee director	26/03/2009	06/10/2008	30/06/2012	Active	NO
12	U65100TN2010PLC074498	TVS SRICHAKRA INVESTMENTS LIMITED	Director	03/08/2011	05/02/2010	-	Active	NO

Name :

Mr. Gopal Srinvasan

Designation :

Director

Address :

Westside House, No. 2, Adyar Club Gate Road, Chennai-600028, Tamilnadu, India

Date of Birth/Age :

04.08.1958

Date of Appointment :

15.09.1984

Din No.:

00177699

Other Directorships :

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	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	31/08/1979	31/08/1979	-	Active	NO
2	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Director	31/08/1979	31/08/1979	-	Active	NO
3	L35999TN1962PLC004792	SUNDARAM -CLAYTON LIMITED	Director	18/08/2008	29/11/1985	-	Active	NO
4	U65191TN1994PLC028851	TVS INVESTMENTS LIMITED	Managing director	26/04/2010	25/05/1995	-	Active	NO
5	U35999TN1961PLC004678	LUCAS TVS LIMITED	Director	28/03/1996	28/03/1996	-	Active	NO
6	U30007TN1997PTC038151	HARITA ELECTRONICS PRIVATE LIMITED	Director	09/05/1997	09/05/1997	-	Active	NO
7	U65191TN1998PLC039853	TVS FINANCE AND SERVICES LIMITED	Director	19/01/1999	19/01/1999	-	Active	NO
8	U72200MH1989PLC166901	ICICI VENTURE FUNDS MANAGEMENT COMPANY LIMITED	Director	12/07/1999	12/07/1999	28/07/2008	Active	NO
9	L35921TN1992PLC022845	TVS MOTOR COMPANY LIMITED	Director	27/01/2000	27/01/2000	14/08/2008	Active	NO
10	U30006TN1996PLC035418	HARITA TECHSERV LIMITED	Director	05/12/2001	05/12/2001	-	Active	NO
11	L30007TN1995PLC032941	TVS ELECTRONICS LIMITED	Nominee director	23/10/2008	18/07/2003	-	Active	NO
12	U65993TN2004PLC054696	SUNDARAM INVESTMENT LIMITED	Director	22/11/2004	22/11/2004	-	Active	NO
13	U72900MH2001NPL133410	MEDIA LAB ASIA	Director	28/12/2004	28/12/2004	24/03/2011	Active	NO
14	U63011TN2004PLC054655	TVS LOGISTICS SERVICES LIMITED	Director	05/08/2005	05/08/2005	-	Active	NO
15	U80301TN2004NPL052529	GREAT LAKES INSTITUTE OF MANAGEMENT	Director	19/01/2007	19/01/2007	03/05/2011	Active	NO
16	U72500TN2007PLC063540	TVS-E SERVICETEC LIMITED	Director	29/08/2008	17/05/2007	-	Active	NO
17	U72200TN2007PLC064091	HARITA ACADEMY LIMITED	Director	28/08/2008	25/06/2007	-	Active	NO
18	U67190MH2005PLC153819	MILESTONE CAPITAL ADVISORS LIMITED	Director	28/06/2007	28/06/2007	20/04/2009	Active	NO
19	U65991TN2007PLC064133	TVS CAPITAL FUNDS LIMITED	Managing director	06/06/2008	28/06/2007	-	Active	NO
20	U72900TN2007FTC065500	GRANDTECH INDIA PRIVATE LIMITED	Director	26/11/2007	26/11/2007	21/09/2011	Active	NO
21	U74140TN2004PTC052667	CROSS CREEK CHANNEL INVESTMENT ADVISORS PRIVATE LIMITED	Director	05/08/2009	10/05/2008	-	Active	NO
22	U22300DL2007PTC167650	NINE DOT NINE MEDIAWORX PRIVATE LIMITED	Nominee director	10/10/2008	10/10/2008	12/05/2010	Active	NO
23	U70109MH2006PLC160918	LANDMARK LIMITED (PART IX)	Director	17/08/2010	04/11/2009	-	Active	NO
24	U93000KA2008PTC046355	NEXTWEALTH ENTREPRENEURS PRIVATE LIMITED	Director	11/02/2010	11/02/2010	-	Active	NO
25	U85110TN2010PTC075352	MEDFORT HOSPITALS PRIVATE LIMITED	Additional director	22/11/2010	22/11/2010	19/01/2011	Active	NO
26	U15499DL2005PTC139631	OM PIZZAS AND EATS INDIA PRIVATE LIMITED	Director	24/12/2010	24/12/2010	13/03/2012	Active	NO
27	U55101MH2010PTC209517	Indian Cookery Private Limited	Nominee director	01/03/2011	01/03/2011	-	Active	NO
28	U74900TN2011PLC083371	SUNDARAM ENGINEERING PRODUCTS SERVICES LIMITED	Director	01/12/2011	01/12/2011	-	Active	NO
29	U74300DL2007PTC158884	MOSAIC MEDIA VENTURES PRIVATE LIMITED	Additional director	25/04/2012	25/04/2012	-	Active	NO

Name :

Mrs. Shobhana Ramachandhran

Designation :

Director

Address :

No. 16, Jawahar Road, Chokkikulam, Madurai-625002, Tamilnadu, India

Date of Birth/Age :

30.01.1960

Date of Appointment :

14.12.1988

Din No.:

00273837

Other Directorships :

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	L25111TN1982PLC009414	TVS SRICHAKRA LIMITED	Managing director	25/08/2011	28/03/1986	-	Active	NO
2	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	14/12/1988	14/12/1988	-	Active	NO
3	U34300TN2007PTC065714	TVS NOVOTEMA ELASTOMERIC ENGINEERED PRODUCTS PRIVATE LIMITED	Director	12/12/2007	12/12/2007	-	Active	NO
4	U29299TN2008PTC065920	FIRESTONE TVS PRIVATE LIMITED	Director	02/01/2008	02/01/2008	-	Active	NO
5	L65991TN1954PLC000958	INDIA MOTOR PARTS & ACCESSORIES LIMITED	Director	28/08/2008	08/07/2008	-	Active	NO
6	U74999TN2008PTC069492	BRIDGESTONE TVS INDIA PRIVATE LIMITED	Nominee director	26/03/2009	06/10/2008	30/06/2012	Active	NO
7	U65100TN2010PLC074498	TVS SRICHAKRA INVESTMENTS LIMITED	Director	03/08/2011	05/02/2010	-	Active	NO
8	U72300TN1997PLC039110	TVS INTERCONNECT SYSTEMS LIMITED	Additional director	09/11/2011	09/11/2011	-	Active	NO

Name :

Mr. Haresh Ramachandhran

Designation :

Director

Address :

TVS House, 7-B, West Vali Street, Madurai-600001, Tamilnadu, India

Date of Birth/Age :

29.11.1954

Date of Appointment :

05.03.1991

Din No.:

00363096

Other Directorships :

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	U34101TN1929PLC002973	T.V. SUNDRAM IYENGAR & SONS LIMITED	Managing director	23/09/2010	30/09/1980	-	Active	NO
2	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Director	05/03/1991	05/03/1991	-	Active	NO
3	U30007TN1993PTC026291	ZF ELECTRONICS TVS (INDIA) PRIVATE LIMITED	Director	01/12/1993	01/12/1993	-	Active	NO
4	U30007TN1995PLC033338	TVS TELECOM COMPONENTS LIMITED	Director	26/10/1995	26/10/1995	-	Active	NO
5	U35202TN1998PLC041466	IRIZAR TVS LIMITED	Director	23/11/1998	23/11/1998	-	Active	NO
6	U72300TN1997PLC039110	TVS INTERCONNECT SYSTEMS LIMITED	Managing director	06/05/2011	10/11/1999	-	Active	NO
7	U72300MH2000PTC123780	SOFTDEL SYSTEMS Private LIMITED	Director	23/05/2000	23/05/2000	13/06/2012	Active	NO
8	U67200TN2000PLC045611	ROYAL SUNDARAM ALLIANCE INSURANCE COMPANY LIMITED	Director	22/10/2000	22/10/2000	25/03/2010	Active	NO
9	U72900TN2007PLC063049	INDIA TELECOM INFRA LIMITED	Director	10/12/2009	09/04/2007	-	Amalgamated	NO
10	U65921TN2007PLC063294	NSM HOLDINGS LIMITED	Director	27/04/2007	27/04/2007	-	Active	NO
11	U72900TN2004PLC054575	TVSNET TECHNOLOGIES LIMITED	Director	20/08/2007	14/07/2007	-	Active	NO
12	U74999TN2009PLC072487	TOR PROJECTS & SERVICES LIMITED	Director	05/08/2009	05/08/2009	-	Active	NO
13	U32204TN2009PLC072529	NK TELECOM PRODUCTS LIMITED	Director	10/08/2009	10/08/2009	-	Active	NO
14	U65100TN2010PLC074498	TVS SRICHAKRA INVESTMENTS LIMITED	Director	03/08/2011	05/02/2010	-	Active	NO
15	U70102AP2002PTC038713	ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED	Additional director	27/03/2012	27/03/2012	10/07/2012	Active	NO

Name :

Mr. Pritha Ratnam Muthana

Designation :

Joint Managing Director

Address :

No. 20, Cenotaph II Lane, Chennai-600018, Tamilnadu, India

Date of Birth/Age :

29.10.1955

Date of Appointment :

09.06.1995

Din No.:

00404186

Other Directorships :

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	Company/ LLP Status	Defaulting status
1	U65993TN1983PTC010426	RAJATH HOLDING PRIVATE LIMITED	Director	07/11/1983	07/11/1983	Active	NO
2	U65993TN1983PTC010427	MANISH HOLDING PRIVATE LIMITED	Director	07/11/1983	07/11/1983	Active	NO
3	U65993TN1983PTC009868	SRI VITHESA HOLDING PRIVATE LIMITED	Director	16/08/1994	16/08/1994	Active	NO
4	U65991TN1943PLC002656	SUNDARAM INDUSTRIES LIMITED	Managing director	09/06/1995	09/06/1995	Active	NO

Name :

Mr. Nicholas Sundaram Sridharan

Designation :

Director

Address :

Kadalagam Bunglow, Valmiki Nagar, Thiruvanmiyur, Chennai-600041, Tamilnadu, India

Date of Birth/Age :

29.11.1957

Date of Appointment :

30.06.1998

Din No.:

01331433

KEY EXECUTIVES

Name :	Mr. Kunissery Subramania Viswanathan
Designation :	Company Secretary
Address :	Plot No. 3, Srinivasa Nagar, Narmada Street, Athikulam, Madurai-625007, Tamilnadu, India
Date of Birth/Age :	06.02.1949
Date of Appointment :	01.07.1991
PAN No.:	AAGPV5263J

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 27.09.2011)

Names of Shareholders	No. of Shares
Nivedita Ram	3855
Srikanth Ramanjam	1583
Ananth Ramanjam	1583
Srinath Ramanjam and Ananth Ramanujam	1882
Prema Srinivasan	8026
Venu Srinivasan	1629
Gopal Srinivasan	2649
Sheela Balaji	5350
Malini Srinivasan	7008
T. K. Balaji	804
Srinath R Rajam	1966
Anita R Rajam	9306
Pritha Rajam	1957
Indu Ramachandhran	5598
R. Haresh	3954

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Bodies corporate	59.29
Directors or relatives of directors	40.71
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing of parts and accessories for motor vehicles and their engines.

Products :

Products Description	Item Code No.
Rubber Products	4016
Retreading of Tyres	4012
Solid Industrial Tyres	3109

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Actual Production
Mechanical Rubber Products	Nos.	168147000
Retread/ Repair Materials	MT	3063.22
Solid Industrial Tyres	MT	4030.60
Traded Goods	Nos.	123750
Devulcanised Rubber Compound	MT	3584.83
Rubber Compound	MT	1778.52

Particulars	Unit	Installed Capacity
Camelback/Cold Curing Materials	MT	2200
Mechanical Rubber Products including Rubber to Metal Bonded Items and Curing Envelopes & Bladders	MT	4200
Solid Industrial Tyre	MT	4800
Devulcanised Rubber Compound	MT	3600

GENERAL INFORMATION

No. of Employees :

3000 (Approximately)

Bankers :

· State Bank of India

Commercial Branch, No.6/A, West Veli Street, Madurai-625001, Tamilnadu, India

· Canara Bank

Grand Central, 118-B, West Perumal Mainstry Street, Madurai – 625001, Tamilnadu, India

· The Karur Vysya Bank Limited

South Masi Street Branch, No.159, south Masi Street, Madurai – 625001, Tamilnadu, India

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Rupee term loan banks secured	120.667	4.000
Rupee term loan others secured	296.182	242.911
Total	416.849	246.911
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
Fixed deposits unsecured	26.394	15.882
Others debts unsecured	27.622	0.000
Total	54.016	15.882

Banking Relations :	--
Auditors :
Name :	Sundaram and Srinivasan Chartered Accountants
Address :	Old No.111, New No. 250, P. T. Rajan Road, Madurai-625014, Tamilnadu, India
PAN No.:	AAAFS8812J
Holding Company :	· TV Sundaram Lyengar and Sons Limited
Subsidiary :	· Sundaram Lanka Tyres Limited
Fellow Subsidiaries :	· Southern Roadways Limited · Lucas-TVS Limited · Sundaram Auto Components Limited · TVS Motor Company Limited · TVS Interconnect Systems Limited · TVS Dynamic Global Freight Services Limited · TVS Logistics Services Limited · TVS Automotive Europe Limited, UK · The Associated Auto Parts Limited
Associates :	· Firestone TVS Private Limited · TVS Novotema Elastoneric Engineered Products Private Limited · Bridgestone TVS India Private Limited
Enterprises with Common Key Management Personnel:	· TVS Srichakra Limited

CAPITAL STRUCTURE

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.100/- each	Rs.50.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
252000	Equity Shares	Rs.100/- each	Rs.25.200 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		25.200	25.200	25.200
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1223.831	1139.740	470.725
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1249.031	1164.940	495.925
LOAN FUNDS
1] Secured Loans		416.849	246.911	409.091
2] Unsecured Loans		54.016	15.882	25.400
TOTAL BORROWING		470.865	262.793	434.491
DEFERRED TAX LIABILITIES		33.700	33.700	33.700
TOTAL		1753.596	1461.433	964.116
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		477.845	406.375	391.470
Capital work-in-progress		9.140	6.134	6.343
INVESTMENT		673.179	684.494	228.774
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	425.486	306.284	202.471
	Sundry Debtors	546.751	445.513	309.578
	Cash & Bank Balances	73.389	66.436	95.804
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	222.310	192.710	148.255
Total Current Assets		1267.936	1010.943	756.108
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	639.552	551.742	351.449
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	34.952	94.771	67.130
Total Current Liabilities		674.504	646.513	418.579
Net Current Assets		593.432	364.430	337.529
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1753.596	1461.433	964.116

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3040.273	2449.620	2453.757
		Other Income	226.800	828.140	158.477
		TOTAL (A)	3267.073	3277.760	2612.234
Less	EXPENSES
		Raw Material Consumed	1846.437	1391.995	1425.750
		Payments to and provision for Employees	499.714	419.419	376.680
		Other Expenditure	551.546	506.970	514.745
		Increase/(Decrease) in Finished Goods	0.000	(11.368)	30.044
		TOTAL (B)	2897.697	2307.016	2347.219
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		369.376	9707.744	265.015
Less	FINANCIAL EXPENSES (D)		47.472	37.383	53.309
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		321.904	933.361	211.706
Less/ Add	DEPRECIATION/ AMORTISATION (F)		76.383	67.526	70.810
	PROFIT BEFORE TAX (E-F) (G)		245.521	865.835	140.896
Less	TAX (H)		33.000	37.000	12.900
	PROFIT AFTER TAX (G-H) (I)		212.521	828.835	127.996
Add:	Tax Relating to prior Years		3.715	2.047	1.243
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		859.106	274.091	241.288
Less	APPROPRIATIONS
		General Reserve	22.000	84.000	13.000
		Interim Dividend	90.216	16.260	63.000
		Interim Dividend Proposed	16.380	68.292	0.000
		Proposed Dividend	6.804	6.048	8.316
		Tax on interim Dividend	14.984	10.921	10.707
		Tax on interim Dividend Proposed	2.657	11.342	0.000
		Tax on Proposed Dividend	1.104	1.004	1.413
	BALANCE CARRIED TO THE B/S		921.197	859.106	274.091
	EARNINGS IN FOREIGN CURRENCY		359.400	298.772	227.399
	IMPORTS
		Raw Materials	444.769	243.571	212.414
		Components and Spares Parts	0.276	0.334	0.304
		Capital Goods	41.084	7.569	36.687
	TOTAL IMPORTS		486.129	251.474	249.405
	Earnings Per Share (Rs.)		843.34	3289.03	507.92

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	7.52	25.29	4.90
Net Profit Margin (PBT/Sales)	(%)	8.08	35.35	5.74
Return on Total Assets (PBT/Total Assets}	(%)	14.06	21.29	12.28
Return on Investment (ROI) (PBT/Networth)		0.20	0.74	0.28
Debt Equity Ratio (Total Liability/Networth)		0.92	0.64	1.72
Current Ratio (Current Asset/Current Liability)		1.88	1.56	1.81

LOCAL AGENCY FURTHER INFORMATION

Check list by info Agents	Available in Report (Yes/ No)
Year of Establishment	Yes
Locality of the Firm	Yes
Constitution of the Firm	Yes
Premises details	No
Type of Business	Yes
Line of Business	Yes
Promoter’s Background	Yes
No. of Employees	Yes
Name of Person Contacted	No
Designation of Contact person	No
Turnover of Firm for last three years	Yes
Profitability for last three years	Yes
Reasons for variation <> 20%	-----
Estimation for coming financial year	No
Capital in the business	Yes
Details of sister concerns	Yes
Major Suppliers	No
Major Customers	No
Payments Terms	No
Export/ Imports Details (If applicable)	No
Market Information	-----
Litigations that the firm/ Promoters Involved in	-----
Banking details	Yes
Banking Facility Details	Yes
Conduct of the Banking Account	-----
Buyer visit details	-----
Financials, if provided	Yes
Incorporation details is applicable	Yes
Last Accounts filed at ROC	Yes
Major Shareholders, if available	Yes
PAN of Proprietor/Partner/Director, if available	No
Passport No of Proprietor/Partner/Director, if available	No
Voter ID No of Proprietor/Partner/Director, if available	No

PERFORMANCE AND PROSPECTS

RUBBER DIVISION;

The turnover of the Division for the year was Rs.1546.661 Millions as compared to Rs.1244.789 Millions in 2009-10. Turnover from automotive segment grew at 26% in the year keeping pace with the Industry. Industrial segment registered a growth of 95% over the previous year. Major increase is from defence tank wheel rubberisation which was received after a gap of 3 years. The year also witnessed recovery in the exports segment with 26% growth in business.

To meet the increasing capacity requirement consequent to the growth in business additional capacity in mixing and moulding areas were created by installation of a Kneader, Injection and Vacuum Moulding Machines. In order to house the additional infrastructure the Division has added 6000 sq. ft. of shop floor area within the existing factory premises and created a satellite unit of 4000 sq. ft. situated within Madurai limits.

Consistent upward trend was witnessed in the material prices during the year. Though the Division was able to recover a portion of the increase from its customers, it had an impact on the margins of the Division. The year witnessed unstable power situation and increasing fuel cost.

Necessary care and measures were taken to keep the cost in check. The availability and continuity of workmen has become a matter of concern. Steps are being taken to ensure productivity improvement at all levels.

Rubber Division was given the `Best Supplier Award’ for the second year in succession by Tata Toyo Radiators Limited, Pune, for the supply of Radiator Packings. The Division was given a Special Award for outstanding service for the year 2010-11 by M/s. Rane (Madras) Limited, Chennai.

TYRE SOLUTIONS DIVISION:

The Division has achieved a turnover of Rs.1018.021 Millions during the year 2010-11 as against Rs.893.725 Millions in 2009-10. The Turnover reflects the combined sales figures of the Retreading Business – Rs.870.330 Millions (Rs.754.413 Millions) and the Devulcanised Rubber Compound Business – Rs.147.691 Millions (Rs.139.312 Millions).

Raw material prices increased very steeply during the year which put pressure on margins.

The business outlook for the year 2011-12 for both these remains positive.

SOLID TYRE DIVISION:

The Solid Tyre Division recorded a growth of 30% in volume during the year 2010-11. The turnover for the year 2010-11 was Rs.475.591 Millions as against Rs.330.162 Millions in 2009-10.

Profitability was affected due to very high raw material cost and delay in deliveries.

SUBSIDIARY COMPANY:

Due to the growing demand from customers and the limitations to increase capacity in the Maraimalai Nagar Plant, the Company acquired during the year a Company with a readymade facility to manufacture Solid Tyres in Sri Lanka at the Export Processing Z one in the outskirts of Colombo . Subsequent to acquisition, the name of the Company has been changed to Sundaram Lanka Tyres Limited.

The Company subscribed to 100% holdings of Sundaram Lanka Tyres Limited amounting to Rs.79.298 Millions. By virtue of this, it has become a wholly owned Subsidiary of the Company.

The Sri Lankan Plant commenced commercial production in April, 2011.

CONTINGENT LIABILITIES NOT PROVIDED FOR

Particulars	31.03.2011	31.03.2010
	(Rs. In Millions)
a) On Guarantees executed by Company's Bankers	36.517	31.831
b) On Letters of Credit Opened by Company's Bankers	127.961	50.358
c) Claims against the Company not acknowledged as debts	3.976	6.689
d) Estimated amount of contracts remaining to be executed on Capital Account.	35.621	34.347
e) Customs Duty on the stock at Bonded Warehouse	8.834	2.853
f) Disputed Taxes contested in appeals
- Sales Tax *	94.136	93.385
- Excise duty	28.360	23.279
- Service Tax	22.480	20.644
* Tamil Nadu Government has issued a G.O. cancelling an earlier G.O. which had granted the company exemption from sales tax on export sale of bus bodies through chassis manufacturers. The Commercial Tax Department has issued a consequential notice for the recovery of sales tax refund of Rs 90.300 Millions. The company is advised that the action of the Government is not sustainable. The company has obtained a stay of the order from The Hon'ble Madras High Court.

FORM 8:

This form is for	Creation of charge
Corporate identity number of the company	U65991TN1943PLC002656
Name of the company	SUNDARAM INDUSTRIES LIMITED
Address of the registered office or of the principal place of business in India of the company	T V S Building, 7-B West Veli Street, Madurai – 625001, Tamilnadu, India silcs@silcorporate.in
Type of charge	Movable property (not being pledge)
Particular of charge holder	The Karur Vysya Bank Limited South Masi Street Branch, No.159 South Masi Street, Madurai – 625001, Tamilnadu, India mohandasst@kvbmail.com
Nature of description of the instrument creating or modifying the charge	Hypothecation of Machinery Agreement (covering exclusive first charge on the existing unencumbered machineries valued to the tune of 125% of the loan amount given as security for the Corporate term loan of Rs.10.000 Millions)
Date of instrument Creating the charge	19/10/2011
Amount secured by the charge	Rs.10.000 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Rate of Interest Base Rate plus 0.10% = 11.10% p.a.(BR =11.00% Floating) Terms of Repayment Repayable in 36 months (4 Half Yearly installments of Rs.2.500 Millions each) after initial holiday period of one year. Interest shall be serviced at monthly rests as and when debited Margin NIL Extent and Operation of the charge The charge on existing unencumbered machineries belonging to Sundaram Industries Limited, the Bank for a corporate term loan limit of Rs.10.000 Millions, together with interest, commission, cost, charges and other expenses which may accrue and/or be debited to the Company's accounts from time to time.
Short particulars of the property charged	The charge on existing unencumbered machineries belonging to Sundaram Industries Limited, lying loose at various locations of Tyre Solutions Division of the Company such as Maraimalai Nagar Chennai-603209 Salem-636001 Pudukottai-622001 and Madurai-625016 operates as Exclusive First Charge for a corporate term loan of Rs.10.000 Million together with interest, commission, cost, charges and other expenses which may accrue and/or be debited to the Company's accounts from time to time.

FIXED ASSETS:

· Land – Freehold and Leasehold

· Building

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

· Computer Software

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.55.41
UK Pound	1	Rs.86.93
Euro	1	Rs.68.10

INFORMATION DETAILS

Report Prepared by :

NIT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	7
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--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		66

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.