1. Summary Information

		Country	India
Company Name	INDO AUTOTECH LIMITED	Principal Name 1	Mr. Anand Kumar Jain
Status	Satisfactory	Principal Name 2	Mr. Sajan Kumar Jain
		Registration #	05-036369
Street Address	Plot No. 334-338, Sector – 24, Faridabad – 121005, Haryana, India
Established Date	15.09.2006	SIC Code	--
Telephone#	91-129-4028209	Business Style 1	Trader
Fax #	91-129-4028212	Business Style 2	Retailer
Homepage	www.indoautotech.com	Product Name 1	Sheet Metal Components
# of employees	Not Available	Product Name 2	Fine blanked components
Paid up capital	Rs. 138383000/-	Product Name 3	Tubular components
Shareholders	Bodies corporate – 15.48%, Directors or relatives of directors – 84.52%	Banking	Standard Chartered Bank
Public Limited Corp.	No	Business Period	6 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (43)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	504,305,000	Current Liabilities	325,364,000
Inventories	231,079,000	Long-term Liabilities	559,652,000
Fixed Assets	863,394,000	Other Liabilities	89,317,000
Deferred Assets	0	Total Liabilities	974,333,000
Invest& other Assets	53,482,000	Retained Earnings	539,544,000
		Net Worth	677,927,000
Total Assets	1,652,260,000	Total Liab. & Equity	1,652,260,000
Total Assets (Previous Year)	1170,447,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2661,168,000	Net Profit	107,582,000
Sales(Previous yr)	1536,959,000	Net Profit(Prev.yr)	50,390,000

MIRA INFORM REPORT

Report Date :

19.06.2012

IDENTIFICATION DETAILS

Name :	INDO AUTOTECH LIMITED
Registered Office :	Plot No. 334-338, Sector – 24, Faridabad – 121005, Haryana
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.09.2006
Com. Reg. No.:	05-036369
Capital Investment / Paid-up Capital :	Rs. 138.383 Millions
CIN No.: [Company Identification No.]	U34300HR2006PLC036369
TAN No.: [Tax Deduction & Collection Account No.]	RTKI01022A
PAN No.: [Permanent Account No.]	AABCI6282N
Legal Form :	A Closely held Public Limited Liability Company
Line of Business :	Trader and retailer of tubular components, welding components etc.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 2700000
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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
India	A1	A1

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

LOCATIONS

Registered Office :	Plot No. 334-338, Sector – 24, Faridabad – 121005, Haryana, India
Tel. No.:	91-129-4028209/ 10
Mobile No.:	91-9910387433 (Mr. Deepak)
Fax No.:	91-129-4028212
E-Mail :	rpclahli@yahoo.co.in marketing@indoautotech.com info@indoautotech.com
Website :	http://www.indoautotech.com
Europe Office :	Janderstr. 8, D-68199 Mannheim, Germany, Europe
Mobile No.:	0049-016096613747 (Mr. Karl)
E-Mail :	neuchel@indoautotech.com

DIRECTORS

AS ON 30.09.2011

Name :

Mr. Anand Kumar Jain

Designation :

Managing director

Address :

H. No. 672, Sector-14, Faridabad - 121007, Haryana, India

Date of Appointment :

15.09.2006

DIN No.:

00059290

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	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Director	01-02-94	01-02-94	-	Active	NO
2	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Director	03-04-95	03-04-95	-	Active	NO
3	U18204DL1983PTC185012	A. E. FASHIONS PRIVATE LIMITED	Director	01-01-96	01-01-96	21-09-07	Active	NO
4	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Managing director	01-05-07	15-09-06	-	Active	NO

Name :

Mr. Sajan Kumar Jain

Designation :

Whole-time director

Address :

H. No. 1443, Sector-14, Faridabad - 121007, Haryana, India

Date of Appointment :

15.09.2006

DIN No.:

00061401

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	U74999HR1989PTC030515	MICRONICS INSTRUMENTS PRIVATE LIMITED	Director	27-03-89	27-03-89	-	Active	NO
2	U34300HR1993PTC031897	TECHNO SPRINGS INDIA PRIVATE LIMITED	Director	18-01-93	18-01-93	-	Active	NO
3	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Director	03-04-95	03-04-95	-	Active	NO
4	U18204DL1983PTC185012	A. E. FASHIONS PRIVATE LIMITED	Director	01-01-96	01-01-96	21-09-07	Active	NO
5	U74999HR1988PTC030385	SCIENTIFIC KNITS PROCESSORS PRIVATE LIMITED	Director	25-01-99	25-01-99	22-12-06	Active	NO
6	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Director	01-04-02	01-04-02	-	Active	NO
7	U45201DL2005PTC135974	ANANDA PROJECTS PRIVATE LIMITED	Director	07-11-05	07-11-05	-	Active	NO
8	U74899HR2005PLC035958	DIVYAM KNITWEARS LIMITED	Director	13-12-05	13-12-05	-	Active	NO
9	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Whole-time director	01-05-07	15-09-06	-	Active	NO
10	U52190DL2001PLC110580	MAGPPIE INTERNATIONAL LIMITED	Director	29-09-07	02-04-07	-	Active	NO
11	U70109HP2010PTC031312	ANANDA VEDIC PROJECTS PRIVATE LIMITED	Director	15-04-10	15-04-10	-	Active	NO
12	U70109HP2010PTC031313	MANON VEDIC VALLEY PROJECTS PRIVATE LIMITED	Director	15-04-10	15-04-10	-	Active	NO
13	U70109HP2011PTC031533	KHAJRETH HILLS PROJECT PRIVATE LIMITED	Director	12-01-11	12-01-11	-	Active	NO
14	U70109HP2011PTC031545	DHARAMPUR VEDIC VALLEY PROJECT PRIVATE LIMITED	Director	19-01-11	19-01-11	-	Active	NO
15	U70109HP2011PTC031548	JANGESHU HILLS SIDE PROJECT PRIVATE LIMITED	Director	21-01-11	21-01-11	-	Active	NO
16	U70109HP2011PTC031557	MASHOBRA HILLS SIDE PROJECTS PRIVATE LIMITED	Director	07-02-11	07-02-11	-	Active	NO
17	U34300HR1993PTC031927	ADMACH AUTO INDUSTRIES INDIA PRIVATE LIMITED	Director	11-04-11	11-04-11	-	Active	NO
18	U70109HP2011PTC031643	SANAWAR HILLS PROJECTS PRIVATE LIMITED	Director	13-05-11	13-05-11	-	Active	NO

Name :

Mr. Satish Jain

Designation :

Director

Address :

H. No. 1443, Sector-14, Faridabad - 121007, Haryana, India

Date of Appointment :

15.09.2006

DIN No.:

00110033

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	Company/ LLP Status	Defaulting status
1	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Whole-time director	27-08-07	24-03-98	Active	NO
2	U29120HR1991PLC031407	SARVO TECHNOLOGIES LIMITED	Managing director	27-08-07	02-04-01	Active	NO
3	U74899HR2005PLC035958	DIVYAM KNITWEARS LIMITED	Director	13-12-05	13-12-05	Active	NO
4	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Director	15-09-06	15-09-06	Active	NO
5	U35999HR2010PLC040313	ELAN AUTO INDIA LIMITED	Director	30-03-10	30-03-10	Active	NO

Name :

Mr. Navdeep Chawla

Designation :

Director

Address :

H. No. 216, Sector-15, Faridabad - 121002, Haryana, India

Date of Appointment :

01.04.2007

DIN No.:

00286448

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	Company/ LLP Status	Defaulting status
1	U74899DL1994PTC063811	PSYCHOTROPICS LEASING AND FINANCE PRIVATE LIMITED	Director	28-12-94	28-12-94	Active	NO
2	U85194DL1996PLC083911	PSYCHOTROPICS INDIA LIMITED	Managing director	18-12-96	18-12-96	Active	NO
3	U45201DL2005PTC131881	NVS BUILDERS PRIVATE LIMITED	Director	06-01-05	06-01-05	Active	NO
4	U45201DL2005PTC135974	ANANDA PROJECTS PRIVATE LIMITED	Director	07-11-05	07-11-05	Active	NO
5	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Director	29-09-07	01-04-07	Active	NO
6	U24233DL2007PTC164529	PIL PHARMACEUTICALS PRIVATE LIMITED	Director	08-06-07	08-06-07	Active	NO
7	U74899DL1993PTC052462	YAMUNA COMMERICIAL PRIVATE LIMITED	Additional director	01-07-09	01-07-09	Active	NO
8	U70109HP2010PTC031312	ANANDA VEDIC PROJECTS PRIVATE LIMITED	Director	15-04-10	15-04-10	Active	NO
9	U70109HP2010PTC031313	MANON VEDIC VALLEY PROJECTS PRIVATE LIMITED	Director	15-04-10	15-04-10	Active	NO
10	U85100DL2010PTC204374	ANANDA HEALTH AND YOGA PRIVATE LIMITED	Director	21-06-10	21-06-10	Active	NO
11	U70109HP2011PTC031533	KHAJRETH HILLS PROJECT PRIVATE LIMITED	Director	12-01-11	12-01-11	Active	NO
12	U70109HP2011PTC031545	DHARAMPUR VEDIC VALLEY PROJECT PRIVATE LIMITED	Director	19-01-11	19-01-11	Active	NO
13	U70109HP2011PTC031548	JANGESHU HILLS SIDE PROJECT PRIVATE LIMITED	Director	21-01-11	21-01-11	Active	NO
14	U70109HP2011PTC031557	MASHOBRA HILLS SIDE PROJECTS PRIVATE LIMITED	Director	07-02-11	07-02-11	Active	NO
15	U70109HP2011PTC031643	SANAWAR HILLS PROJECTS PRIVATE LIMITED	Director	13-05-11	13-05-11	Active	NO

Name :

Mr. Sulekh Chand Jain

Designation :

Director

Address :

MD-25, MD-Block, South Pitampura, New Delhi - 110088, India

Date of Appointment :

01.04.2007

DIN No.:

01599429

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	U74899DL1994PTC060845	MAGPPIE EXPORTS PRIVATE LIMITED	Director	11-08-94	11-08-94	-	Active	NO
2	U52190DL2001PLC110580	MAGPPIE INTERNATIONAL LIMITED	Director	26-04-01	26-04-01	31-01-12	Active	NO
3	U45201DL2006PTC147037	AAKRITI PROJECTS PRIVATE LIMITED	Director	16-03-06	16-03-06	-	Active	NO
4	U74899DL2005PTC142439	DWARKADHIS PROJECTS PRIVATE LIMITED	Director	15-06-06	15-06-06	-	Active	NO
5	U52599DL2006PLC152402	MAGPPIE RETAIL LIMITED	Director	24-08-06	24-08-06	20-01-12	Active	NO
6	U45201DL2005PTC142440	DWARKADHIS ESTATE PRIVATE LIMITED	Director	15-11-06	15-11-06	16-08-07	Active	NO
7	U45200HR2006PTC036430	AMBITION COLONISERS PRIVATE LIMITED	Director	01-03-07	01-03-07	-	Active	NO
8	U45200HR2006PTC036429	RELIABLE REALTECH PRIVATE LIMITED	Director	01-03-07	01-03-07	16-08-07	Active	NO
9	U45201DL2006PTC147618	MAGPPIE TOWNSHIP PRIVATE LIMITED	Director	01-03-07	01-03-07	-	Active	NO
10	U45201DL2006PTC147499	MAGPPIE PROMOTERS PRIVATE LIMITED	Director	16-03-07	16-03-07	-	Active	NO
11	U45201DL2006PTC147615	MAGPPIE BUILDWELL PRIVATE LIMITED	Director	16-03-07	16-03-07	-	Active	NO
12	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Director	29-09-07	01-04-07	-	Active	NO
13	U11202DL2007PLC161726	MAGPPIE CASA LIMITED	Director	09-04-07	09-04-07	-	Under Process of Striking off	NO
14	U45200DL2007PTC158237	S.K.G. BUILDCON PRIVATE LIMITED	Director	28-09-07	16-08-07	-	Active	NO
15	U45400DL2011PTC229382	TALLSTONE PROJECTS PRIVATE LIMITED	Director	28-12-11	28-12-11	-	Active	NO

Name :

Mr. Narender Kumar Jain

Designation :

Director

Address :

Plot No - 263, Sector-29, Ganga Apartment, Noida - 201301, Uttar Pradesh, India

Date of Appointment :

01.04.2007

DIN No.:

01682822

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	Company/ LLP Status	Defaulting status
1	U34300HR2006PLC036369	INDO AUTOTECH LIMITED	Director	29-09-07	01-04-07	Active	NO
2	U74899HR1995PLC038416	SHINE GUARD (INDIA) LIMITED	Additional director	24-08-07	24-08-07	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Sajan Kumar Jain	8798510
Anand Kumar Jain	2547990
Satish Jain	170000
Renu Jain	105000
Sarvottam Pumps Limited, India	1797000
Divyam Knitwears Limited, India	91150
Focus Indusrtial Resources Limited, India	22000
Sunit IT Solutions Private Limited, India	10000
Euphoria Capital Limited, India	10000
Mahalaxmi Realmart Private Limited, India	13000
Milap Automotive Private Limited, India	16000
Pawan Shut Holding Limited, India	26600
Rapchik Foods Private Limited, India	10000

AS ON 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	15.48
Directors or relatives of directors	84.52
Total	100.00

BUSINESS DETAILS

Line of Business :	Trader and retailer of tubular components, welding components etc.
Products :	· Sheet Metal Components · Fine blanked components · Tubular components · Fabricated Components · Welding Components · Assemblies and Sub Assemblies etc

GENERAL INFORMATION

Customers :

· Honda

· Recaro

· Yamaha

· JCB

· Maruti

· New Holland

· Trelleborg

· Makino

· IFB

No. of Employees :

Not Available

Bankers :

Standard Chartered Bank, Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	493.853	278.328
Rupee term loans others secured	3.336	18.466
Other external commercial borrowings secured	56.481	77.197
Loans taken for vehicles secured	3.256	0.569
Total	556.926	374.560
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Loans directors unsecured	2.726	12.222
Total	2.726	12.222

Banking Relations :	--
Auditors :
Name :	Sudhir Choudhary and Associates Charatered Accountants
Address :	205,Om Shubam Tower, Neelam Bata Road, Faridabad – 121001, Haryana, India
Income-tax PAN of auditor or auditor's firm :	ABCFS6938E

CAPITAL STRUCTURE

After 30.09.2011

Authorised Capital : Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 141.898 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
20000000	Equity Shares	Rs. 10/- each	Rs. 200.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
13838250	Equity Shares	Rs. 10/- each	Rs. 138.383 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		138.383	135.847	125.377
2] Share Application Money		0.000	2.000	5.533
3] Reserves & Surplus		539.544	313.443	168.104
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		677.927	451.290	299.014
LOAN FUNDS
1] Secured Loans		556.926	374.560	303.697
2] Unsecured Loans		2.726	12.222	0.000
TOTAL BORROWING		559.652	386.782	303.697
DEFERRED TAX LIABILITIES		57.714	39.050	22.455
TOTAL		1295.293	877.122	625.166
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		863.394	640.657	492.367
Capital work-in-progress		52.836	73.986	0.000
INVESTMENT		0.500	0.500	0.500
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	231.079	141.153	67.006
	Sundry Debtors	352.100	225.069	144.494
	Cash & Bank Balances	54.104	11.397	24.328
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	98.101	77.347	73.769
Total Current Assets		735.384	454.966	309.597
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	280.784	267.369	152.703
	Other Current Liabilities	44.580	11.884	22.991
	Provisions	31.603	14.072	2.165
Total Current Liabilities		356.967	293.325	177.859
Net Current Assets		378.417	161.641	131.738
MISCELLANEOUS EXPENSES		0.146	0.338	0.561
TOTAL		1295.293	877.122	625.166

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2661.168	1536.959	1085.450
		Other Income	4.380	3.346	5.842
		TOTAL	2665.548	1540.305	1091.292
Less	EXPENSES
		Consumption materials changes inventories	(15.492)	(17.864)	(0.777)
		Manufacturing service costs	2209.961	1266.429	0.000
		Administrative selling other expenses	235.360	151.247	993.329
		TOTAL	2445.321	1417.676	992.552
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		220.227	122.629	98.740
Less	FINANCIAL EXPENSES		41.188	34.117	25.918
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		179.039	88.512	72.822
Less/ Add	DEPRECIATION/ AMORTISATION		36.490	25.094	15.839
	PROFIT BEFORE TAX		142.549	63.418	56.983
Less	TAX		34.967	13.028	19.942
	PROFIT AFTER TAX		107.582	50.390	37.041
	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		89.509	39.916	1.614
	APPROPRIATIONS		5.745	0.797	0.254
	BALANCE CARRIED TO THE B/S		191.346	89.509	38.401
	Earnings Per Share (Rs.)		7.36	2.52	2.93

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	4.04	3.27	3.39
Net Profit Margin (PBT/Sales)	(%)	5.36	4.13	5.25
Return on Total Assets (PBT/Total Assets}	(%)	8.92	5.79	7.11
Return on Investment (ROI) (PBT/Networth)		0.21	0.14	0.19
Debt Equity Ratio (Total Liability/Networth)		1.35	1.51	1.61
Current Ratio (Current Asset/Current Liability)		2.06	1.55	1.74

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. Constitution 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	No
17. Major suppliers	No
18. Major customers	Yes
19. Payments terms	No
20. Export / Import details	No
21. Market information	--
22. Litigations that the firm / promoter involved	--
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

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U34300HR2006PLC036369
Name of the company	INDO AUTOTECH LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No. 334-338, Sector-24, Faridabad – 121005, Haryana, India
This form is for	Creation of charge
Type of charge	Movable Property
Particular of charge holder	Standard Chartered Bank (Acting as an Security Agent) Credit Documentation Unit, Narain Manzil, 23 Barakhamba Road, New Delhi – 110001, India Email ID: Ashima.Tandon@sc.com
Nature of description of the instrument creating or modifying the charge	Unattested Memorandum of Hypothecation.
Date of instrument Creating the charge	23.05.2012
Amount secured by the charge	Rs. 390.500 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest As per facility agreement dated 17.05.2012 to be amended from time to time. Terms of Repayment As per facility agreement dated 17.05.2012 to be amended from time to time. Margin As per facility agreement dated 17.05.2012 to be amended from time to time. Extent and Operation of the charge The security by way of first and exclusive charge over movable fixed assets has been created in favour of SCB for the purpose of securing the ECB facility to the extent of euro 5,500,000 granted/ to be granted to company . Others For the purpose of filing the form 8, it is clarified that the facility amount is repayable in euro, hence, any repayment from the sale/ enforcement proceeds of the above said assets shall be made at the prevailing foreign currency exchange rate, for conversion from INR to euro @ 1 euro = Rs. 71/- each, at the time of repayment, to ensure full repayment of the facility amount.
Short particulars of the property charged	Hypothecation by way of first and exclusive charge over all present and future movable fixed assets of the company including without limitation its movable plant and machinery, furniture and fittings, equipment, computer hardware, computer software, machinery spares, tools and accessories and other movables etc. Stored or to be stored at company's godowns or premises situated at Plot No. 176-P, 177-6, 178-P, 179-181 of Narasapura Industrial Area, Kolar Taluk, Kolar District Bangalore (Karnataka) or wherever else the same may be.

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. 55.60
UK Pound	1	Rs. 87.34
Euro	1	Rs. 70.66

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	3
--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	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		43

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.