MIRA INFORM REPORT

Report Date :

19.05.2012

IDENTIFICATION DETAILS

Name :	SANSERA ENGINEERING PRIVATE LIMITED
Registered Office :	261/C, Bommasandra Industrial –IAL Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	15.12.1981
Com. Reg. No.:	08-004542
Capital Investment / Paid-up Capital :	Rs.6.990 Millions
CIN No.: [Company Identification No.]	U34103KA1981PTC004542
TAN No.: [Tax Deduction & Collection Account No.]	BLRS14664G
PAN No.: [Permanent Account No.]	AAECS2440M
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer of Precision Forged and Machined Components for the Automobile Industries and also Manufacture Rocker Arms.
No. of Employees :	2900 [Approximately]

RATING & COMMENTS

MIRA’s Rating :

A (57)

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 6700000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established company having fine track. Financial position of the company appears to be sound. Trade relations are reported as fair. Business is active. Payments are reported to be 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 :	261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka, India
Tel. No.:	91-80-27833056 / 27833442
Mobile No.:	91-9845533544
Fax No.:	91-80-27833642
E-Mail :	support@sanseraindia.com sansera@vsnl.com
Website :	http://www.sanseraindia.com
Factory :	B – 18, MIDC Industrial Area Chakan, Pune – 410501, India
Plant 1 :	261/C, Bommasandra Industrial Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka, India
Plant 2 :	No.1, Bommasaandra-Jigani Link Road, Bommasandra Industrial Area, Bangalore, Karnataka, India
Plant 3 :	No.260A (P), Bommasandra Industrial Area, Bangalore, Karnataka, India
Plant 4 :	No.22-23, Sector-6, IMT Manesar, Haryana, India
Plant 5 :	No.18, Sector-9, IIE, Pantnagar Industrial Area, U.S.Nagar District, Uttaranchal, India
Plant 6 :	No.18, Chakan Industrial Area, Nighoje, Khed, Pune, Maharashtra, India
Plant 7 :	Survey No.143-A, Bommasandra - Jigani Link Road, Bangalore, Karnataka, India
Plant 8 :	Plot No 48, Bidadi Industrial Area, 2nd Phase, 2nd Sector, Bangalore Rural 562109, Karnataka, India

DIRECTORS

AS ON 04.08.2011

Name :

Mr. Girish Nilkanth Kulkarni

Designation :

Director

Address :

No.6, Moti Sagar, 377, Kelusker Road, South Shivaji Park, Dadar –west, Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

07.07.1966

Date of Appointment :

13.06.2006

DIN No.:

00062382

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	L45204AP2001PLC057199	KSK ENERGY VENTURES LIMITED	Director	26-07-02	26-07-02	-	Active	NO
2	L74140AP1987PLC007870	DQ ENTERTAINMENT LIMITED	Alternate director	14-03-03	14-03-03	-	Amalgamated	NO
3	U51909MH2004PTC149347	GNS OUTSOURCING PRIVATE LIMITED	Director	21-11-04	21-11-04	-	Active	NO
4	U51909MH2004PTC149245	TOPWAVE TRADING COMPANY PRIVATE LIMITED	Director	25-11-04	25-11-04	-	Active	NO
5	U74999MH2004PTC150111	SUYASH OUTSOURCING PRIVATE LIMITED	Director	20-12-04	20-12-04	-	Active	NO
6	U72900MH1999PTC120346	CBAY SYSTEMS (INDIA) PRIVATE LIMITED	Director	02-01-06	02-01-06	-	Active	NO
7	U40109AP2005PTC047594	KSK ELECTRICITY FINANCING INDIA PRIVATE LIMITED	Director	29-09-06	10-05-06	04-02-08	Active	NO
8	U67120KA1995PTC045373	ORDYN TECHNOLOGIES PRIVATE LIMITED	Director	30-09-06	12-06-06	27-03-09	Active	YES
9	U51392KA1982PTC005086	BILL FORGE PRIVATE LIMITED	Director	29-09-06	13-06-06	-	Active	NO
10	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Director	23-09-06	13-06-06	-	Active	NO
11	U29309TN1991PLC020805	SERVION T GLOBAL SOLUTIONS LIMITED	Director	27-08-07	09-03-07	-	Active	NO
12	U72200KA2006PTC038884	Enzen Global Solutions Private Limited	Nominee director	08-01-08	08-01-08	-	Active	NO
13	U72200MH2004PTC149043	SUYASH IT SERVICES PRIVATE LIMITED	Director	01-05-08	01-05-08	-	Active	NO
14	L92113AP2007PLC053585	DQ ENTERTAINMENT (INTERNATIONAL) LIMITED	Director	15-09-09	26-08-09	-	Active	NO
15	U45201GJ2002PTC041354	GATIL PROPERTIES PRIVATE LIMITED	Director	26-07-10	05-12-09	-	Active	NO
16	U85110AP2003PTC042107	PHOENIX LIVING SPACES PRIVATE LIMITED	Nominee director	30-09-11	14-10-10	-	Active	NO
17	U40104AP2001PTC045088	VS LIGNITE POWER PRIVATE LIMITED	Additional director	25-01-12	25-01-12	-	Active	NO

Name :

Mr. Devappa Devaraj

Designation :

Director

Address :

Flat No.202, Parijat 45/1 Apartment, Fair Field Layout, Race Course Road, Bangalore – 560001, Karnataka, India

Date of Birth/Age :

06.06.1953

Date of Appointment :

20.04.1993

DIN No.:

00213235

Name :

Mr. Unni Rajagopal Kothenath

Designation :

Director

Address :

Taravad Palanahalli, Yelahanka Post, Bangalore – 560064, Karnataka, India

Date of Birth/Age :

17.07.1954

Date of Appointment :

01.03.1991

DIN No.:

00229915

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Director	01-03-91	01-03-91	-	Active	NO
2	U02693KA1992PTC013599	MULDER (INDIA)PRIVATE LIMITED	Director	24-09-97	24-09-97	-	Active	NO
3	U74140MH1998PTC116442	DFK CONSULTING SERVICES (INDIA) PRIVATE LIMITED	Director	04-09-98	04-09-98	17-02-10	Active	NO
4	U29299KA2007PTC043270	SANSERA + STREPARAVA ENGINEERING PRIVATE LIMITED	Director	09-08-10	09-08-10	-	Active	NO

Name :

Mr. Fatheraj Singhvi

Designation :

Joint Managing Director

Address :

Shanthi, No.232, Vishranti Enclave, Doddakalasandra Village, Kanakapura Road, Bangalore – 560062, Karnataka, India

Date of Birth/Age :

14.04.1955

Date of Appointment :

01.03.1991

DIN No.:

00233146

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Managing director	26-02-08	01-03-91	Active	NO
2	U02693KA1992PTC013599	MULDER (INDIA)PRIVATE LIMITED	Director	13-10-92	13-10-92	Active	NO
3	U28991KA1999PTC026145	GEAROCK FORGE PRIVATE LIMITED	Director	29-12-99	29-12-99	Active	NO
4	U74999KA2006PTC040111	R.A.K. MULDER PORCELAIN PRIVATE LIMITED	Director	03-08-06	03-08-06	Active	NO
5	U29299KA2007PTC043270	SANSERA + STREPARAVA ENGINEERING PRIVATE LIMITED	Director	28-06-07	28-06-07	Active	NO
6	U99999DL1959PLC176013	AUTOMOTIVE COMPONENT MANUFACTURERS ASSOCIATION OF INDIA	Director	03-09-08	03-09-08	Active	NO
7	U74900KA2011PTC056928	EFF N' BEE HOSPITALITY PRIVATE LIMITED	Director	04-02-11	04-02-11	Active	NO
8	U29220KA1983PTC005690	FITWELL TOOLS AND FORGINGS PRIVATE LIMITED	Director	30-09-11	24-06-11	Active	NO

Name :

Mr. Subramonia Sekhar Vasan

Designation :

Managing Director

Address :

Oriental Homes, No. 51, Ranga Rao Road, Basavabagudi, Bangalore – 560004, Karnataka, India

Date of Birth/Age :

02.03.1953

Date of Appointment :

15.12.1981

DIN No.:

00361245

Other Directorship :

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Company Status	Defaulting status
1	U34103KA1981PTC004542	SANSERA ENGINEERING PRIVATE LIMITED	Managing director	15-12-81	15-12-81	Active	NO
2	U28991KA1999PTC026145	GEAROCK FORGE PRIVATE LIMITED	Director	29-12-99	29-12-99	Active	NO
3	U29299KA2007PTC043270	SANSERA + STREPARAVA ENGINEERING PRIVATE LIMITED	Director	28-06-07	28-06-07	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 04.08.2011

Names of Shareholders	No. of Shares
Manjula Sekhar	5700
Karthik Das	208
Subramonia Sekhar Vasan	20433
Kumar Mahadevan	308
Tara Rajagopal	924
Lalitha Singhvi	1200
D. Devraj [HUF]	924
Nivedita Devraj	500
Namita	500
Bhagya Lakhmi Devraj	693
D. Devraj [Ind]	6383
Radha Vasan	6100
Tara Singhvi	1200
Praveen Sighvi	1200
Unni Rajagopal Kothenath	8076
Indira Singhvi	1200
F R Singhvi	1800
Lata Singhvi	1200
Jayraj Singhvi	1200
Monsoon India Inflection Fund 2 Limited, Mauritius	4150
Monsoon India Inflection Fund Limited, Mauritius	2350

AS ON 04.08.2011

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	12.00
Bodies corporate	2.00
Directors or relatives of directors	86.00
Total	100.00

AS ON 03.01.2012

Names of Allottees	No. of Shares
Nissin Manufacturing Company Limited, Japan	300
Total	300

BUSINESS DETAILS

Line of Business :	Manufacturer of Precision Forged and Machined Components for the Automobile Industries and also Manufacture Rocker Arms.
Products :	· Connecting Rods Split · Crankshaft Assembly · Fractured Conrod · Rocker Arms Chrome Plated · Rocker Arms- Roller · Rocker Arms- Sintered Tip · Balance Shaft · Intermediate Shaft · Sprocket · Connecting Rods- Two Wheelers · Rocker Arm Assy · Gear Shift Forks · Cam Shaft · Rocker Shaft

PRODUCTION STATUS AS ON 31.03.2011

Particulars	Actual Production
Connecting rods	2068.67
Crank shaft	335.70
Crank shaft assembly	1633.27
Gear shifters	5988.44
Rocker arms	19732.99

GENERAL INFORMATION

Customers :

Domestic – India

· Maruti Suzuki India Limited

· Bajaj auto Limited

· Honda Motorcycle and Scooters India Limited

· TVS Motor Company Limited

· India Yamaha Motors Company

· Hero Motors Limited

· Honda Siel Cars India Private Limited

· Suzuki Motorcycle India Private Limited

· Piaggio Vehicles Private Limited

Overseas

· Piaggio C and Spa – Italy

· Ducati Motor Holding spa – Italy

· Motori Minarelli S.p.a.- Italy

· Streparava Spa – Italy

· Fiat Power Train – Italy

· Moto Guzzi – Italy

· Yamaha Motors – Indonesia

· Yamaha Motors – Brazil

· General Motors – South Korea

Harley Davidson Motor Company – US

No. of Employees :

2900 [Approximately]

Bankers :

· Bajaj Finance Limited, 4^th Floor, Bajaj Finserv Corporate Office, Off Pune – Ahmed Nagar Road, Viman Nagar, Pune – 411014, Maharashtra, India

· Karnataka State Financial Corporation, Thimmiah Road, Bangalore – 560052, India

Facilities :

Secured Loan	31.03.2011	31.03.2010
	[Rs. in million]
Rupee term loan banks secured	534.064	431.246
Rupee term loan others secured	1.622	2.580
Working Capital loans banks secured	1011.344	658.850
Total	1547.030	1092.676
Unsecured Loan	31.03.2011	31.03.2010
	[Rs. in million]
Loans Directors	6.021	5.424
Deferred sales tax loan unsecured	12.330	18.941
Other Debt unsecured	10.205	11.875
Total	28.556	36.240

Banking Relations :	--
Auditors :
Name :	Abraham Mathews and Master Chartered Accountants
Address :	New No.67, Nandidurg Road, Bangalore – 560046, Karnataka, India
Tel. No.:	91-80-23333461
Income-tax PAN of auditor or auditor's firm :	ABVPM0614N
Subsidiaries :	· Sansera + Streparava Engineering Private Limited, India · Gearock Forge Private Limited, India · Fitwell Tools and Forgings Private Limited, India
Associate :	· Mulder Private Limited, India

CAPITAL STRUCTURE

AS ON 04.08.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
96000	Equity Shares	Rs.100/-each	Rs.9.600 millions
4000	Preference Shares	Rs.100/-each	Rs.0.400 million
	Total		Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
70200	Equity Shares	Rs.100/-each	Rs. 7.020 Millions

AS ON 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
96000	Equity Shares	Rs.100/-each	Rs.9.600 millions
4000	Preference Shares	Rs.100/-each	Rs.0.400 million
	Total		Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
69900	Equity Shares	Rs.100/-each	Rs.6.990 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		6.990	6.990	6.990
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1676.233	1464.418	1352.136
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1683.223	1471.408	1359.126
LOAN FUNDS
1] Secured Loans		1547.030	1092.676	1016.572
2] Unsecured Loans		28.556	36.240	48.373
TOTAL BORROWING		1575.586	1128.916	1064.945
DEFERRED TAX LIABILITIES		99.900	134.707	125.200
TOTAL		3358.709	2735.031	2549.271
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1778.500	1486.566	1345.415
Capital work-in-progress		215.306	246.302	413.161
INVESTMENT		160.808	240.318	175.389
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	547.496	399.842	285.131
	Sundry Debtors	613.561	473.727	315.665
	Cash & Bank Balances	80.020	32.693	107.104
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	407.456	333.096	281.730
Total Current Assets		1648.533	1239.358	989.630
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	403.950	369.672	300.002
	Other Current Liabilities	24.712	36.163	66.144
	Provisions	15.776	71.678	8.178
Total Current Liabilities		444.438	477.513	374.324
Net Current Assets		1204.095	761.845	615.306
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		3358.709	2735.031	2549.271

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	3710.708	2660.968	2114.299
		Other Income			42.209
		TOTAL	3710.708	2660.968	2156.508
Less	EXPENSES
		TOTAL	3474.423	2484.277	2074.832
Less	PROFIT BEFORE TAX AND PRIOR PERIOD ITEMS		237.285	176.691	81.676
Less	Prior Period Expenses/ Income		(2.022)	9.134	5.719
Less	TAX		3.039	30.741	31.236
	PROFIT AFTER TAX		236.268	136.816	50.440
Less	APPROPRIATIONS
		Transfer to General Reserve	23.627	12.505	5.743
		Dividend	20.970	20.970	6.990
		Tax on Dividend	3.483	3.564	1.188
	BALANCE CARRIED TO THE B/S		811.081	622.893	30.800
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	297.706	264.597	210.282
	TOTAL EARNINGS		297.706	264.597	210.282
	IMPORTS
		Raw Materials	N.A.	19.124	22.358
		Consumables		9.181	11.927
		Capital Goods		27.049	116.338
	TOTAL IMPORTS		N.A.	55.354	150.623
	Earnings Per Share (Rs.)		3380	1957	798

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	6.37	5.14	2.34
Net Profit Margin (PBT/Sales)	(%)	6.39	6.64	3.86
Return on Total Assets (PBT/Total Assets}	(%)	6.92	6.48	3.50
Return on Investment (ROI) (PBT/Networth)		0.14	0.12	0.06
Debt Equity Ratio (Total Liability/Networth)		1.20	1.09	1.06
Current Ratio (Current Asset/Current Liability)		3.71	2.60	2.64

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. Constructions 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	Yes
9. Name of person contacted	No
10. Designation of contact person	No
11. Turnover of firm for last three years	Yes
12. Profitability for last three years	Yes
13. Reasons for variation <> 20%	--
14. Estimation for coming financial year	No
15. Capital in the business	Yes
16. Details of sister concerns	Yes
17. Major suppliers	No
18. Major customers	Yes
19. Payments terms	No
20. Export / Import details	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	U34103KA1981PTC004542
Name of the company	SANSERA ENGINEERING PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	261/C, Bommasandra Industrial –IAL Area, Hebbagodi Post, Anekal Taluk, Bangalore – 560099, Karnataka
This form is for	Creation of charge
Type of charge	Immovable Property Movable Property
Particular of charge holder	Bajaj Finance Limited, 4^th Floor, Bajaj Finserv Corporate Office, Off Pune – Ahmed Nagar Road, Viman Nagar, Pune – 411014, Maharashtra, India Email ID: gsscomsecy@gmail.com
Nature of description of the instrument creating or modifying the charge	a) Memorandum of Hypothecation b) Facility Agreement c) NOC to create Pari Passu charge for TL-Rs.4.000 Millions. d) Sanction Letter.
Date of instrument Creating the charge	09.03.2012
Amount secured by the charge	Rs. 400.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 13.25% per annum (linked to the Base Rate - presently at 11.45% per annum) Penal Interest of 18% per annum will be charged for delays in repayment. Terms of Repayment Term Loan payable in 54 EMIs starting from 7 months after the date of first disbursement. Interest would be serviced monthly and as specified by Bajaj Finance Limited. Margin As applicable Extent and Operation of the charge The charge on the assets being charged shall operate to the extent of Rs.4.000 Millions plus interest, costs, commission, expenses and other charges thereon.
Short particulars of the property charged	First Pari Passu charge on all present and future fixed assets of the Company as also created charge against SBI, Specialized Commercial Branch, Bangalore and CITI Bank, Bangalore. a) Hypothecation and mortgage of all movables and immovables fixed assets including Plant and Machinery, Furniture, Fixtures, Equipments etc of the Company. b) Equitable Mortgage on immovable properties of the Company including Land and Building located at i) No 261/C and 262A, Sy No.243, 244, 245, Bommasandra Industrial Ares, Bangalore ii) No.1, Bommasaandra-Jigani Link Road, Bommasandra Industrial Area, Bangalore iii) No.260A (P), Bommasandra Industrial Area, Bangalore iv) No.22-23, Sector-6, IMT Manesar, Haryana v) No.18, Sector-9, IIE, Pantnagar Industrial Area, U.S.Nagar District, Uttaranchal vi) No.18, Chakan Industrial Area, Nighoje, Khed, Pune, Maharashtra vii) Survey No.143-A, Bommasandra - Jigani Link Road, Bangalore viii) Plot No 48, Bidadi Industrial Area, 2nd Phase, 2nd Sector, Bangalore Rural 562109.

AS PER WEBSITE DETAILS

SANSERA -AT A GLANCE

Established in 1987.

Second Largest Company in Asia to Manufacture Rocker Arms.

An ISO / TS 16949: 2002, ISO 14,000 (EMS) and OSHAS 18,000 (Occupational Health Safety) company certified by RW TUV NORD.

Manufactures Precision Forged and Machined Components for the Automobile Industries.

In house manufacturing of CNC - SPMs to be cost effective and enhance Machining capabilities.

Manufacturing facilities at Bangalore, Manesar (New Delhi), Pune and Panthnagar.

Employs over 2900 People.

Group Annual Turn over of $ 55.5 Million (2008 - 2009)

Group Projected Turn over $ 68 Million (2009 -2010)

Group Projected Turn over $ 100 Million (2010 -2011)

MILESTONES

They are the pioneers in India to

Indigenised Arm, Valve Rocker for 800 CC Model.	Maruti Bajaj	1987
Indigenised Arm, Valve Rocker for  4S – Champion Model	Yamaha	1992
Indigenised Fork Gear Shifter for RX100.	TVS	1996
Indigenised Fork Gear Shifter for Fiero ALL 2S Models	Yamaha	1998
Export Components to Overseas Plants – Indonesia	Maruti	2001
Indegenised Sintered Tip Rocker Arm.	Honda	2002
Develop Roller Rocker Arm	Honda	2003
Develop Rocker Shaft Outside Japan	Bajaj	2003
Supply of Fully Assembled Crank Shaft	FPT	2007
Fractured Connecting Rod Developed.	Gmil	2008
Developed Timing Chain Sprocket.	Msil	2009

AWARDS / RECOGNITION

Golden Award

Honda Motors & Scooters India-2009

Over all Performance Award of excellence from Maruti Suzuki India-2008

Award received from HMSI-QCDDM first time-2003-2004 second time-2005-2006

Performance Award

Over all Commendation Award from Maruti Suzuki india-2005

Award received from BAL for New Product Development Support 2004-2005

Award received from Honda Quality Award-2003

Award received from Yamaha Value Engineering -2002

Award received from Yamaha Best Machining Vendor -2001

FIXED ASSETS:

· Land

· Building

· Tenements

· Borewell

· Computer

· Diesel Generator

· Diesel Storage Tank

· Effluent Treatment Plant

· Electrification

· Factory Stores and Equipment

· Jigs and Fixtures

· Kitchen Equipment

· Measuring Instruments

· Office Equipments

· Plant and Machinery

· Furniture and Fixtures

· Vehicles

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. 54.88
UK Pound	1	Rs. 86.46
Euro	1	Rs. 69.49

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	6
--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		57

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.