MIRA INFORM REPORT

Report Date :

20.03.2012

IDENTIFICATION DETAILS

Name :	EXTREME MACHINES HIGH TECH PRIVATE LIMITED
Registered Office :	D-130, Karam Pura, New Delhi
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	29.03.2000
Com. Reg. No.:	55-104836
Capital Investment / Paid-up Capital :	Rs.0.900 Million
CIN No.: [Company Identification No.]	U34101DL2000PTC104836
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Powder Coating Machine.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ca (19)

RATING		STATUS	PROPOSED CREDIT LINE
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

Maximum Credit Limit :	USD 4000
Status :	Small Company
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. 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 caution.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – September 30, 2011

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

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

INFORMATION PARTED BY

Name :	Mr. Subodh
Designation :	Admin Officer
Contact No.:	91-129-4104347
Date :	28.02.2012

LOCATIONS

Registered Office :	D-130, Karam Pura, New Delhi, India
Tel. No.:	Not Available
Mobile No.:	91-9811593894/ 9910091325 (Mr. L N Sharma)
Fax No.:	Not Available
E-Mail :	skchoudhary_ca@rediffmail.com emhtpll@gmail.com
Website :	http://www.emhtpll.com
Location :	Owned
Head Office :	Plot No.347, Sector-58, Electroplating Zon, Faridabad – 121004, Haryana, India
Tel. No.:	91-129-4109347/ 4104347
Fax No.:	91-129-2307615

DIRECTORS

(AS ON 30.09.2011)

Name :	Mr. Laxmi Narayan Sharma
Designation :	Director
Address :	H. No.150, Sector – 55, Faridabad – 121004, Haryana, India
Date of Birth/Age :	15.01.1963
Date of Appointment :	29.03.2000
DIN No.:	00923091
Name :	Mr. Rajni Sharma
Designation :	Director
Address :	H. No.150, Sector – 55, Faridabad – 121004, Haryana, India
Date of Birth/Age :	20.09.1969
Date of Appointment :	29.03.2000
DIN No.:	00923097

KEY EXECUTIVES

Name :	Mr. Subodh
Designation :	Admin Officer

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

(AS ON 30.09.2011)

Names of Shareholders	No. of Shares
Laxmi Narayan Sharma	71400
Chhitar Mal Sharma	100
Rajni Sharma	16600
Ram Chander	100
Pardeep Kumar	100
Shri Bhagwan	100
Manoj Kumar	100
Daya Shankar	100
Ajay Aggarwal	100
M C Sharma	100
Sachin Garg	100
Sher Singh Dagar	100
Devendra Gupta	100
Arun Sharma	100
Gunjan Sharma	100
Ajay Sharma	100
Vinod Pandey	100
Shyam Sunder	100
Lokman Sunder	100
Ram Kishore Shah	100
Rajesh Jha	100
Rajeev BIG	100
Total	90000

(AS ON 30.09.2011)

Equity Shares Break – up

Category	Percentage
Directors or relatives of directors	98.00
Other top fifty shareholders	2.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Powder Coating Machine.
Products :	· Powder Coating Machines · Powder Coating Booths · Liquid Painting Booths · Water Curtain Booths · Powder Coating Ovens · Industrial Baking Ovens · Camel Back Oven · Conveyorized Plants · Pre-Treatment Plants · Paint Spray Guns · Overhead Conveyors · Belt Conveyors.
Exports :
Products :	Powder Coating Machine
Countries :	Middle East European Countries
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

GENERAL INFORMATION

Suppliers

· Ajanta Steels

· Avanti Industries

· Ayran Metal Udyog

· Coatings and Chemicals

· Computer Network

· Coolwell Refrigerators

· Faridabad Electricals

· Flostar Sales

· Genex Containers Private Limited

· Goodwill Electrical Works

· Gupta Engineers

· Handlair Techniques

· Haryana Steel Trading Corporate

· Indian Organic Corporation

· I.S Electricals

· Janatics India Private Limited

· Jyoti Industrial Corporation

· Kamal Tradinc Company

· Kismatfab Industries

· Kissan Electric Company

· Kudamm Corporation

· Mithila Tools

· Nakora Enterprises

· Nikhil Enterprises

· Orbit Coating Private Limited

· Parth Paint and Chemicals

· Perfect Coating Systems

· Pioneerdigital Technologies

· Prayas Steels Private Limited

· Pushap Hardware Store

· Radhey Industries Corporation

· Rani Electrod Limited

· R.S Infotech

· Saarthi Enterprises

· Sai Hydro Pneumatic

· Sehgrow Electronics

· Sharma Building Material

· Shree Nath Enterprises

· Shri Balaji Industries

Customers :

· Agro Engineering Works

· AMBA Autos

· Avanti Bufa Private Limited (Roorkee)

· Casewell Drilling Services Private Limited

· Diamond Metal Finishing

· Faridabad Auto Com. Private Limited

· Jitander Steel Limited

· KP Enterprises

· Maharani Paints (India) Private Limited

· Mauriya Udyog Limited.

· Minda Corporation Limited

· Moon Light Auto Private Limited.

· Nikko Auto Limited

· Poly Plastic

· SBR Auto Components Private Limited.

· Shiva Enterprises

· SSV Hightech (Rudrapur)

· Super Field Powder Coating

· Swastik Industrial Corporation

· Unilec Engineers Limited

No. of Employees :

40 (Approximately)

Bankers :

· Syndicate Bank,

Ballabhgarh – 122005, Haryana, India

· HDFC Bank

· Centurion Bank

Facilities :

Secured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
HDFC Car Loan	0.037	0.189
Syndicate Bank C.C. A/c	0.030	1.703
Syndicate Bank MTL	0.370	0.485
Syndicate Bank Car Loan	0.546	0.624
Centurion Bank Bike Loan	0.029	0.029
Total	1.012	3.030
Unsecured Loans	31.03.2011	31.03.2010
	(Rs. In Millions)
From Directors and Shareholders	0.400	0.660
Total	0.400	0.660

Banking Relations :	--
Auditors :
Name :	U K Goenka and Company Chartered Accountant
Address :	170/2, Bhudatt Colony, Faridabad – 121001, Haryana, India
PAN No.:	AAAFU0583G
Memberships :	Small Scale Industries (SSI)
Associates/Subsidiaries :	· Perfect Coating System Faridabad, Haryana, India

CAPITAL STRUCTURE

(AS ON 30.09.2011)

Authorised Capital :

No. of Shares	Type	Value	Amount
90000	Equity Share	Rs.10/- each	Rs.0.900 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
90000	Equity Share	Rs.10/- each	Rs.0.900 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.900	0.900	0.900
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.001	0.000	0.136
4] (Accumulated Losses)		0.000	(0.010)	0.000
NETWORTH		0.901	0.890	1.036
LOAN FUNDS
1] Secured Loans		1.012	3.030	4.011
2] Unsecured Loans		0.400	0.660	0.660
TOTAL BORROWING		1.412	3.690	4.671
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		2.313	4.580	5.707
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.446	3.978	3.880
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.071	0.032	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	8.974	6.441	9.251
	Sundry Debtors	3.113	2.420	2.590
	Cash & Bank Balances	0.121	0.133	0.125
	Other Current Assets	0.163	0.142	0.510
	Loans & Advances	0.188	0.154	0.055
Total Current Assets		12.559	9.290	12.531
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	9.995	7.779	9.743
	Other Current Liabilities	3.694	0.928	0.877
	Provisions	0.074	0.013	0.085
Total Current Liabilities		13.763	8.720	10.705
Net Current Assets		(1.204)	0.570	1.826
MISCELLANEOUS EXPENSES		0.000	0.000	0.001
TOTAL		2.313	4.580	5.707

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		TOTAL	9.383	6.842	7.960
Less	EXPENSES
		TOTAL	9.225	6.836	7.920
	PROFIT BEFORE TAX		0.158	0.006	0.040
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		0.158	0.006	0.040
	Earnings Per Share (Rs.)		1.76	--	--

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	1.68	0.09	0.50
Return on Total Assets (PBT/Total Assets}	(%)	0.99	0.05	0.24
Return on Investment (ROI) (PBT/Networth)		0.18	0.01	0.04
Debt Equity Ratio (Total Liability/Networth)		16.84	13.94	14.84
Current Ratio (Current Asset/Current Liability)		0.91	1.07	1.17

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

FINANCIAL RESULTS

During the year the company earned a loss of Rs.0.046 Million which is being carried forward to next year. due to inadequacy of profit, the directors do not recommend any dividend.

FORM 8:

Corporate identity number of the company	U34101DL2000PTC104836
Name of the company	EXTREME MACHINES HIGH TECH PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	D-130, Karam Pura, New Delhi, India skchoudhary_ca@rediffmail.com
This form is for	Creation of charge
Type of charge	Immovable Property
Particular of charge holder	Syndicate Bank Ballabhgarh Branch, Chawla Colony, Ballabhgarh – 121004, Haryana, India virendradel@gmail.com
Nature of description of the instrument creating or modifying the charge	Letter of confirmation of creation of second / subsequent equitable mortgage
Date of instrument Creating the charge	16.03.2011
Amount secured by the charge	Rs.3.550 Millions
Brief particulars of the principal terms and conditions and extent and operation of the charge	Extent and Operation of the charge 100 percent Others The said charge is mortgage to collaterally secure a credit facility of Rs.3.550 Millions granted by Syndicate Bank to M/s. Perfect Coating Systems.
Short particulars of the property charged	Equitable mortgage by way of deposit of title deeds in respect of immovable property of the company situated at Plot No. 347, Sector -58, Faridabad together with all buildings, super-structures, fixed machinery and plant, fixtures and fittings thereat.

FIXED ASSETS:

· Building

· Car A/c

· Computers

· Cycle

· Fans

· Furniture and Fixture

· Generator Set

· Hand Grinder

· Mobile

· Motor Cycle

· Office Equipment

· Plant and Machinery

· Televisions

· Tempo

· Tolls and Hand Tools

· Welding Set

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 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.50.12
UK Pound	1	Rs.79.37
Euro	1	Rs.66.00

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	2
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILIRY	1~10	2
--LIQUIDITY	1~10	--
--LEVERAGE	1~10	2
--RESERVES	1~10	2
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		19

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.