1. Summary Information

		Country	INDIA
Company Name	SKH SHEET METALS COMPONENTS LIMITED	Principal Name 1	MR. PARVESH SONI
Status	MODERATE	Principal Name 2	MR. AJAY KUMAR BEDI
		Registration #	17-020833
Street Address	B-5, VRINDAVAN APARTMENTS, VRINDAVAN VIHAR, KINGS ROAD, JAIPUR – 302 019, RAJASTHAN
Established Date	30.05.2005	SIC Code	--
Telephone#	NOT AVAILABLE	Business Style 1	MANUFACTURER
Fax #	NOT AVAILABLE	Business Style 2	--
Homepage	NOT AVAILABLE	Product Name 1	SHEET METALS COMPONENTS
# of employees	NOT AVAILABLE	Product Name 2	FUEL TANK
Paid up capital	RS.120,000,000/-	Product Name 3	HEAT SHIELD
Shareholders	BODIES CORPORATE-0.08% OTHER TOP FIFTY SHAREHOLDERS-99.92%	Banking	AXIS BANK LIMITED
Public Limited Corp.	NO	Business Period	7 YEARS
IPO	NO	International Ins.	--
Public Enterprise	NO	Rating	B (27)
Related Company
Relation	Country	Company Name	CEO
ASSOCIATES	--	ABR AUTO PRIVATE LIMITED	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	212,464,000	Current Liabilities	368,687,000
Inventories	103,821,000	Long-term Liabilities	387,166,000
Fixed Assets	246,259,000	Other Liabilities	1,488,000
Deferred Assets	23,228,000	Total Liabilities	757,341,000
Invest& other Assets	211,207,000	Retained Earnings	(80,362,000)
		Net Worth	39,638,000
Total Assets	796,979,000	Total Liab. & Equity	796,979,000
Total Assets (Previous Year)	314,063,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	417,090,000	Net Profit	(55,047,000)
Sales(Previous yr)	91,748,000	Net Profit(Prev.yr)	(18,174,000)

MIRA INFORM REPORT

Report Date :

30.06.2012

IDENTIFICATION DETAILS

Name :	SKH SHEET METALS COMPONENTS LIMITED (w.e.f. 19.07.2011)
Formerly Known As :	SKH SHEET METALS COMPONENTS PRIVATE LIMITED (w.e.f. 16.11.2007) VIVID SHEET METALS COMPONENTS PRIVATE LIMITED
Registered Office :	B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	30.05.2005
Com. Reg. No.:	17-020833
Capital Investment / Paid-up Capital :	Rs.120.000 millions
CIN No.: [Company Identification No.]	U50300RJ2005PLC020833
TAN No.: [Tax Deduction & Collection Account No.]	PNES23784F
PAN No.: [Permanent Account No.]	AACCV0528K
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Exhaust Systems for Automobiles.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 159000
Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is an established company having moderate track. There appears huge accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some cautions.

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 :	B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	secretarial@skhmetals.com sitansudash@skhmetals.com
Factory:	Gat No.542-545, Behind Bombay Dyeing, Village Dhok Sanghavi, Ranjangaon, MIDC, Pune - 412 220, Maharashtra, India
Tel No.:	91-2138-675401

DIRECTORS

As on 30.09.2011

Name :

Mr. Parvesh Soni

Designation :

Director

Address :

2248, Sector 8, Faridabad, Haryana, India

Date of Birth/Age :

04.07.1963

Qualification :

Chartered Accountant

Date of Appointment :

22.09.2009

DIN No.:

00009994

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	U74899DL1981PTC012844	Sharsh Finance and Investment Company Private Limited	Director	29-09-03	29-09-03	-	Active	NO
2	U74899DL1985PTC021066	Munradtech Air Filtration Company Private Limited	Director	05-05-04	05-05-04	-	Active	NO
3	U17101DL1998PLC091847	Krishna Package Trips Limited	Director	01-06-04	01-06-04	-	Active	NO
4	U45201DL2004PTC124177	Gold Cause Constructions Private Limited	Director	24-07-04	24-07-04	-	Dormant	NO
5	U63040DL2004PTC128182	Chorus Tours and Travels Private Limited	Director	09-08-04	09-08-04	-	Active	NO
6	U45201DL2004PTC128187	Gain Properties Private Limited	Director	09-08-04	09-08-04	-	Active	NO
7	U74300DL2004PTC128184	SKH Media Private Limited	Director	09-08-04	09-08-04	02-07-11	Active	YES
8	U72200DL2004PTC128708	AKPS Infotech Services Private Limited	Director	31-08-04	31-08-04	-	Active	NO
9	U74140DL2005PTC131920	Vincotte International India Assessment Services Private Limited	Director	17-01-05	17-01-05	-	Active	NO
10	U72200DL2005PTC133270	SKH Info Services Private Limited	Director	30-09-06	22-02-05	-	Active	NO
11	U45201RJ2005PTC020739	Suave Infrastructure Private Limited	Director	30-09-06	28-05-05	-	Active	NO
12	U50300RJ2005PTC020830	Axis Seats Services Private Limited	Director	30-05-05	30-05-05	-	Active	NO
13	U50300RJ2005PTC020832	Glorious Scooter and Mobike Seats Private Limited	Director	30-05-05	30-05-05	-	Active	NO
14	U50300RJ2005PTC020834	Durable Train Seats Private Limited	Director	30-05-05	30-05-05	-	Active	NO
15	U45201DL2005PTC136914	SKH Constructwell Private Limited	Director	31-05-05	31-05-05	-	Active	NO
16	U74899DL1990PTC040694	ROZ-KA-MEO Components Private Limited	Director	05-09-05	05-09-05	-	Active	NO
17	U74899DL1997PTC089700	ABR Auto Private Limited	Director	05-09-05	05-09-05	-	Active	NO
18	U74999DL1996PLC082505	HH Interior and Auto Components Limited	Director	30-09-05	30-09-05	-	Active	NO
19	U74899DL1992PTC048177	Munradtech Exports Private Limited	Director	06-02-06	06-02-06	-	Active	NO
20	U74899DL1978PTC008998	Usha Plast Packaging Private Limited	Director	06-02-06	06-02-06	-	Active	NO
21	U45201RJ2005PTC020792	Choir Infrastructure Private Limited	Director	30-09-06	10-04-06	-	Active	NO
22	U80101DL2006PTC148682	SKH Education Private Limited.	Director	06-05-06	06-05-06	-	Active	NO
23	U74999DL2004PTC128707	AKPS Auto Accessories Private Limited	Director	31-08-06	31-08-06	-	Active	NO
24	U45201RJ2005PTC020795	Panache Infrastructure Private Limited	Director	26-09-07	23-03-07	-	Active	NO
25	U63040DL1997PTC089719	KV Travels Private Limited	Director	16-09-08	21-04-08	-	Active	NO
26	U74899DL2005PTC140258	SKH Global Travels Private Limited	Director	16-09-08	21-04-08	-	Active	NO
27	U50300RJ2005PTC020826	Luxurious Car Seats Private Limited	Director	02-09-08	15-05-08	-	Active	NO
28	U50300RJ2005PTC020835	Luxurious Bus Seats Private Limited	Director	01-09-08	15-05-08	-	Active	NO
29	U45201RJ2005PTC020735	Angel Infrastructure Private Limited	Additional director	06-09-08	06-09-08	27-02-09	Active	NO
30	U74899DL1973PTC006625	Advance Automation and Process Controls Private Limited	Additional director	06-09-08	06-09-08	12-09-08	Amalgamated	NO
31	U34102DL2008PTC183366	SKH Auto Parts Private Limited	Director	17-09-08	17-09-08	-	Active	NO
32	U45201RJ2005PTC020737	Surge Infrastructure Private Limited	Director	29-09-09	05-03-09	-	Active	NO
33	U50300RJ2005PTC020820	Spectrum Auto Trims Private Limited	Director	26-09-09	24-04-09	02-07-11	Active	YES
34	U74900DL2009PTC193097	Spectrum Seating Systems Services Private Limited	Director	12-08-09	12-08-09	-	Active	NO
35	U70101DL2009PTC193636	Granite Infrastructure Private Limited	Director	28-08-09	28-08-09	01-10-09	Active	NO
36	U50300RJ2005PLC020833	SKH Sheet Metals Components Limited	Director	26-09-09	22-09-09	-	Active	NO
37	U29300PN2009PTC133761	MSKH Seating Systems India Private Limited	Director	28-09-10	22-10-09	-	Active	NO
38	U29253DL2009PTC196097	SKH Properties Private Limited	Director	17-11-09	17-11-09	28-03-12	Active	NO
39	U70102DL2009PTC196060	SKH Real Estate Private Limited	Director	17-11-09	17-11-09	-	Active	NO
40	U70200DL2010PTC198891	SKH Buildwell Private Limited	Director	09-02-10	09-02-10	-	Active	NO
41	U70109DL2010PTC198912	SKH Buildcon Private Limited	Director	10-02-10	10-02-10	-	Active	NO
42	U34300DL2010PTC208458	SKH Auto Trims Private Limited	Director	20-09-10	20-09-10	-	Active	NO
43	U74899DL1970PTC005432	Kapur Estates Private Limited	Director	30-09-11	10-11-10	-	Active	NO
44	U35999DL1996PLC075180	Krishna Ishizaki Auto Limited	Managing director	22-02-12	22-02-12	-	Active	NO

Name :

Mr. Ajay Kumar Bedi

Designation :

Director

Address :

176, Deerwood Chase, Unitech Nirvana Country, Sector-50, Gurgaon – 122 001, Haryana, India

Date of Birth/Age :

08.10.1951

Qualification :

BE

Date of Appointment :

09.09.2010

DIN No.:

00171608

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	U74999DL1996PLC082505	HH Interior and Auto Components Limited	Director	08-05-98	08-05-98	-	Active	NO
2	U74899DL1992PTC048177	Munradtech Exports Private Limited	Director	06-04-04	06-04-04	-	Active	NO
3	U74300DL2004PTC128184	SKH Media Private Limited	Director	09-08-04	09-08-04	-	Active	YES
4	U63040DL2004PTC128182	Chorus Tours and Travels Private Limited	Director	09-08-04	09-08-04	-	Active	NO
5	U45201DL2004PTC128187	Gain Properties Private Limited	Director	09-08-04	09-08-04	-	Active	NO
6	U72200DL2004PTC128708	AKPS Infotech Services Private Limited	Director	31-08-04	31-08-04	-	Active	NO
7	U74999DL2004PTC128707	AKPS Auto Accessories Private Limited	Director	31-08-04	31-08-04	-	Active	NO
8	U50300RJ2005PTC020831	Glazing Auto Mirror Private Limited	Director	30-05-05	30-05-05	-	Active	NO
9	U50300RJ2005PTC020836	Uranus Auto Mirror and Glasses Private Limited	Director	29-09-06	30-05-05	-	Active	NO
10	U50300RJ2005PTC020837	Miraculous Auto Mirror and Glasses Private Limited	Director	28-09-06	30-05-05	-	Active	NO
11	U74899DL1990PTC040694	ROZ-KA-MEO Components Private Limited	Director	05-09-05	05-09-05	-	Active	NO
12	U74899DL1997PTC089700	ABR Auto Private Limited	Director	05-09-05	05-09-05	-	Active	NO
13	U74899DL1985PTC021066	Munradtech Air Filtration Company Private Limited	Director	30-09-06	06-02-06	-	Active	NO
14	U74899DL1981PTC012844	Sharsh Finance and Investment Company Private Limited	Director	06-02-06	06-02-06	-	Active	NO
15	U45201DL2005PTC136914	SKH Constructwell Private Limited	Director	06-02-06	06-02-06	-	Active	NO
16	U45201RJ2005PTC020738	Chorus Infrastructure Private Limited	Director	14-12-06	14-12-06	-	Active	NO
17	U50300RJ2005PTC020841	Radiant Sheet Metal Components Private Limited	Additional director	02-09-08	06-08-08	-	Active	NO
18	U45201RJ2005PTC020736	Zest Infrastructure Private Limited	Director	25-09-10	14-07-10	-	Active	NO
19	U50300RJ2005PTC020824	Spectrum Seat Trims Private Limited	Director	24-09-10	14-07-10	-	Active	NO
20	U50300RJ2005PLC020833	SKH Sheet Metals Components Limited	Director	30-09-10	09-09-10	-	Active	NO

Name :

Mr. Sanjay Kohli

Designation :

Director

Address :

24-A, DDA Flats, Ber Sarai, New Delhi, India

Date of Birth/Age :

03.06.1976

Qualification :

BE

Date of Appointment :

16.02.2008

DIN No.:

02013973

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	U50300RJ2005PLC020833	SKH Sheet Metals Components Limited	Director	05-09-08	16-02-08	-	Active	NO
2	U50300RJ2005PTC020835	Luxurious Bus Seats Private Limited	Additional director	18-02-08	18-02-08	24-05-08	Active	NO
3	U45201RJ2005PTC020735	Angel Infrastructure Private Limited	Director	01-09-08	18-02-08	-	Active	NO
4	U50300RJ2005PTC020838	Uranus Auto Seat Trims Private Limited	Director	24-09-10	18-02-08	-	Active	NO
5	U70109DL2006PTC153772	Charmwood Developers Private Limited	Director	15-09-08	18-02-08	-	Active	NO
6	U50300RJ2005PTC020826	Luxurious Car Seats Private Limited	Director	02-09-08	18-02-08	-	Active	NO
7	U45201RJ2005PTC020740	Ripple Infrastructure Private Limited	Director	05-09-08	18-02-08	-	Active	NO
8	U50300RJ2005PTC020828	Twirl Car Head Rest Private Limited	Director	02-09-08	18-02-08	-	Active	NO
9	U45201RJ2005PTC020793	Zing Infrastructure Private Limited	Director	02-09-08	18-02-08	-	Active	NO
10	U45201RJ2005PTC020741	Velvet Infrasturcture Private Limited	Director	05-09-08	18-02-08	-	Active	NO
11	U50300RJ2005PTC020821	Gravity Roof Head Liners Private Limited	Director	05-09-08	18-02-08	-	Active	NO
12	U50300RJ2005PTC020842	Nutrino Roof Head Liner Private Limited	Director	01-09-08	18-02-08	-	Active	NO
13	U45201RJ2005PTC020792	Choir Infrastructure Private Limited	Director	01-09-08	18-02-08	-	Active	NO
14	U50300RJ2005PTC020825	Comfort Car Seats Private Limited	Director	01-09-08	18-02-08	-	Active	NO
15	U74899DL1994PTC058571	Gladdolia Farms Private Limited	Director	17-09-08	20-02-08	-	Active	NO
16	U74140HR2004PTC035504	Prudent Management Strategies Private Limited	Director	19-09-08	20-02-08	-	Active	NO
17	U45201DL2005PTC136914	SKH Constructwell Private Limited	Director	16-09-08	20-02-08	-	Active	NO
18	U72200DL2005PTC133270	SKH Info Services Private Limited	Director	16-09-08	20-02-08	-	Active	NO
19	U74899DL1985PTC020921	SKH Infrastructure Developers Private Limited	Director	16-09-08	20-02-08	-	Active	NO
20	U50300RJ2005PTC020820	Spectrum Auto Trims Private Limited	Director	02-09-08	17-03-08	-	Active	YES
21	U50300RJ2005PTC020822	Uranus Auto Trims Private Limited	Additional director	02-09-08	01-08-08	-	Active	NO
22	U50300RJ2005PTC020823	Orbit Door Trims Private Limited	Director	27-09-08	01-08-08	-	Active	NO
23	U50300RJ2005PTC020841	Radiant Sheet Metal Components Private Limited	Additional director	14-10-08	14-10-08	-	Active	NO
24	U70101DL2012PTC236305	Gadget Infracon Private Limited	Director	22-05-12	22-05-12	-	Active	NO
25	U70200DL2012PTC236435	Vision Infraheights Private Limited	Director	24-05-12	24-05-12	-	Active	NO
26	U70101DL2012PTC236432	Square Buildvision Private Limited	Director	24-05-12	24-05-12	-	Active	NO
27	U70200DL2012PTC236431	Empire Infraheights Private Limited	Director	24-05-12	24-05-12	-	Active	NO
28	U70102DL2012PTC236456	Gadget Realtors Private Limited	Director	25-05-12	25-05-12	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sitanshu Sekhar Dash
Designation :	Company Secretary
Address :	122, Katwaria Sarai, New Delhi, India
Date of Birth/Age :	01.08.1978
Date of Appointment :	01.06.2011
PAN No.:	APSPD9413K

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Suave Infrastructure Private Limited, India	2600
Chrous Infrastructure Private Limited, India	4900
Ripple Infrastructure Private Limited, India	2500
Ashok Kapur	11989700
Arti Kapur	100
Sunandan Kapur	100
Supriya Kapur	100
Total	12000000

As on 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	0.08
Other top fifty shareholders	99.92
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Exhaust Systems for Automobiles.

Products :

Item Code No. (ITC Code)	ITC-033-043
Product Description	Sheet Metals Components, Fuel Tank, Gear Shifter
Item Code No. (ITC Code)	87089200
Product Description	Fuel Tank
Item Code No. (ITC Code)	87089200
Product Description	Axle Housing
Item Code No. (ITC Code)	87089200
Product Description	Heat Shield

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Installed Capacity*	Actual Production Qty
Fuel Tank	88128 Nos.	21988
Gear Shifter	Nil	Nil
Axle Housing	86400 Nos.	18907
Heat Shield/Stamping	72161280 Nos.	7913635

Installed capacity is as per a certificate issued by the Management and is not verified by the Auditors being a Technical matter.

*Licensing requirement for Automotive parts, including the company’s product, has been dispensed with effective July 25, 1991.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

v Axis Bank Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110 001, India

v State Bank of Travancore, Udyog Vihar, Phase-V, Sector-18, Gurgaon – 122 016, Haryana, India

v Axis Bank Limited., 4/10, OPG House, Asaf Ali Road, New Delhi – 110 002, India

v HDFC Bank Limited

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Rupee term loans secured	310.445	84.937
Total	310.445	84.937

Unsecured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Loans directors unsecured	76.721	84.132
Total	76.721	84.132

Banking Relations :	--
Auditors :
Name :	Baweja and Kaul Chartered Accountants
Address :	A-1, 104, Lalwani Vastu, Sakore Nagar, Viman Nagar, Pune – 411 014, Maharashtra, India
Tel. No.:	91-20-41283976
Income-tax PAN of auditor or auditor's firm :	AABFB1274A
Associates :	v ABR Auto Private Limited v AKPS Auto Accessories Private Limited v Amcon Estates Private Limited v Charmwood Developers Private Limited v Chorus Tours & Travels Private Limited v Gain Properties Private Limited v Gladdolia Farms Private Limited v Hartik Estate Private Limited v Himanshu Enterprises Private Limited v Kharti Infrastructure Private Limited v Krishna Interior Private Limited v Krishna Ishizaki Auto Limited v Krishna Maruti Limited v Krishna Package Trips Limited v Krishna Quinette Seats Private Limited v Luxurious Bus Seats Private Limited v Luxurious Car Seats Private Limited v Magneti Marelli SKH Exhaust Systems Private Limited v Munradtech Air Filteration Company Private Limited v Narcissus Auto Sheet Metals Private Limited v Pasa Infrastructure Private Limited v Prudent Management Strategies Private Limited v Radiant Sheet Metal Components Private Limited v Ripple Infrastructure Private Limited v Ritsi Investments Private Limited v Roz Ka Meo Components Private Limited v S. Mehta Investments Private Limited v SKH Auto Components Private Limited v SKH Auto Parts Private Limited v SKH Buildcon Private Limited v SKH Buildwell Private Limited v SKH Cabs Manufacturing Private Limited v SKH Car Seats Private Limited v SKH Constructwell Private Limited v SKH Education Private Limited v SKH Global Travels Private Limited v SKH Infrastructure Developers Private Limited v SKH Management Services Limited v SKH Media Private Limited v SKH Metals Limited v SKH Real Estate Private Limited v Spectrum Seating Systems Services Private Limited v Swapn Farms Private Limited v Tulip Farms Private Limited v Uranus Auto Trims Private Limited v Venus Estates Private Limited

CAPITAL STRUCTURE

As on 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
12000000	Equity Shares	Rs.10/- each	Rs.120.000 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		120.000	120.000	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(80.362)	(25.315)	(7.141)
NETWORTH		39.638	94.684	(7.041)
LOAN FUNDS
1] Secured Loans		310.445	84.937	0.000
2] Unsecured Loans		76.721	84.132	75.375
TOTAL BORROWING		387.166	169.069	75.375
DEFERRED TAX LIABILITIES		0.000	1.297	0.524
TOTAL		426.804	265.051	68.858
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		246.259	118.594	12.832
Capital work-in-progress		163.628	27.439	14.203
Preoperative Expenses (Pending allocation to Fixed Assets)		0.000	1.136	4.977
INVESTMENT		47.575	60.397	32.575
DEFERRED TAX ASSETS		23.228	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	103.821	31.541	7.620
	Sundry Debtors	112.738	22.927	8.258
	Cash & Bank Balances	3.545	4.748	2.383
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	96.181	47.275	8.159
Total Current Assets		316.285	106.491	26.420
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	363.055	47.930	20.566
	Other Current Liabilities	5.632	0.000	0.589
	Provisions	1.488	1.082	1.002
Total Current Liabilities		370.175	49.012	22.157
Net Current Assets		(53.890)	57.479	4.263
MISCELLANEOUS EXPENSES		0.004	0.006	0.008
TOTAL		426.804	265.051	68.858

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Operating revenue, net	417.090	91.748	12.112
		Other income	10.381	0.771	0.038
		TOTAL (A)	427.471	92.519	12.150
Less	EXPENSES
		Consumption materials changes inventories	354.691	71.243	10.529
		Manufacturing service costs	58.774	9.276	0.468
		Employee related expenses	23.292	15.390	4.619
		Administrative selling other expenses	35.932	10.973	2.861
		Prior period items	0.301	0.017	0.000
		TOTAL (B)	472.990	106.899	18.477
Less	PROFIT/ (LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(45.519)	(14.380)	(6.327)
Less	INTEREST FINANCIAL CHARGES (D)		22.042	1.517	0.002
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(67.561)	(15.897)	(6.329)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		12.010	1.491	0.148
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(79.571)	(17.388)	(6.477)
Less	TAX (H)		(24.524)	0.786	0.664
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(55.047)	(18.174)	(7.141)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(25.315)	(7.141)	0.000
	BALANCE CARRIED TO THE B/S		(80.362)	(25.315)	(7.141)
	IMPORTS
		Raw Materials	28.968	0.640	0.000
		Bought Out Components	12.178	12.499	6.827
		Capital Goods	13.386	4.893	0.000
	TOTAL IMPORTS		54.532	18.032	6.827
	Earnings/ (Loss) Per Share (Rs.)		(4.59)	(87.76)	(714.09)

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(12.88)	(19.64)	(58.77)
Net Profit Margin (PBT/Sales)	(%)	(19.08)	(18.95)	(53.48)
Return on Total Assets (PBT/Total Assets}	(%)	(14.14)	(7.73)	(16.50)
Return on Investment (ROI) (PBT/Networth)		(2.01)	(0.18)	0.92
Debt Equity Ratio (Total Liability/Networth)		19.11	2.30	(13.85)
Current Ratio (Current Asset/Current Liability)		0.85	2.17	1.19

LOCAL AGENCY FURTHER INFORMATION

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	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	No
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

FINANCIAL HIGHLIGHTS

During the year the Company has suffered loss of Rs.55.047 millions due to investment in its project.

The Company has been converted into Public Limited Company w.e.f. 19^th July, 2011.

CONTINGENT LIABILITIES: (AS ON 31.03.2011)

Guarantee given to Corporation Bank on behalf of Magneti Marelli SKH Exhaust Systems Private Limited amounting to Rs.260.000 millions. The Balance outstanding of the loan taken by Magneti Marelli SKH Exhaust Systems Private Limited as at March 31, 2011 is Rs.53.300 millions.

Bankers Charges Report as per Registry

Corporate identity number of the company	U50300RJ2005PLC020833
Name of the company	SKH SHEET METALS COMPONENTS LIMITED
Address of the registered office or of the principal place of business in India of the company	B-5, Vrindavan Apartments, Vrindavan Vihar, Kings Road, Jaipur – 302 019, Rajasthan, India E-Mail: sitansudash@skhmetals.com
This form is for	Modification of charge
Charge identification number of the modified	10239664
Type of charge	Book Debts Movable Property (not being pledge)
Particular of charge holder	Axis Bank Limited, 2^nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110 001, India E-Mail: f8.axisbank@gmail.com
Nature of description of the instrument creating or modifying the charge	As per agreement.
Date of instrument Creating the charge	25.04.2012
Amount secured by the charge	Rs.270.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: As per sanction Letter No.AXISB/MC-1/DEL/SK/542 dated 06.03.2012 to be amended from time to time. Terms of Repayment: As per sanction Letter No.AXISB/MC-1/DEL/SK/542 dated 06.03.2012 to be amended from time to time. Margin: As per sanction Letter No.AXISB/MC-1/DEL/SK/542 dated 06.03.2012 to be amended from time to time. Extent and Operation of the charge: Extent and Operation - 100% Others: The above is to secure the following credit facilities:- Cash Credit/WCDL = Rs.150.000 millions WCDL (as a sublimit of CC) = (Rs.150.000 millions) Letter of Credit (Inland/Import) = Rs.100.000 millions Bank Guarantee = Rs.20.000 millions EPC/FBP/FBD (sublimit of CC) = (Rs.50.000 millions) LOU for Buyers Credit(sublimit of LC) = (Rs.100.000 millions) One way interchangeability from Cash credit to Non Fund Based limit.
Short particulars of the property charged	Hypothecation by way of first and exclusive charge over all present and future current assets of the company and second charge by hypothecation of all present and future movable fixed assets of the company stored or to be stored at the company's godowns or premises or wherever else the same may be.
Date of latest modification prior to the present modification	20.05.2011
Particulars of the present modification	There being no change in the WCF of Rs.270.000 millions already regd. however limits have been restructured within the overall limit of Rs.270.000 millions by sanction of EPC/FBP/FBD limit of Rs.50.000 millions as sublimit of existing CC of Rs.150.000 millions and LOU for buyers credit limit of Rs.50.000 millions as a sublimit of existing LC of Rs.50.000 millions and shall continued to be secured by 1^st and excl. charge over all p/future current assets of the Company and 2^nd charge over all p/future movable fixed assets of the company.

FIXED ASSETS:

v Land

v Buildings

v Plant and Machinery

v Furniture and Fixtures

v Electrical Installations

v Office Equipments

v Computers

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.56.30
UK Pound	1	Rs.88.06
Euro	1	Rs.70.90

INFORMATION DETAILS

Report Prepared by :

SMN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		27

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.