MIRA INFORM REPORT

Report Date :

02.11.2012

1. Summary Information

		Country	India
Company Name	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED	Principal Name 1	Mr. Mangesh Ashok Kale
Status	Satisfactory	Principal Name 2	Mr. Govind Ghanashyam Oza
		Registration #	11-057687
Street Address	Narhe Works, S No 38/2, Village Narhe, Off Pune Sinhgad Road, Pune – 411041, Maharashtra, India
Established Date	10.08.1990	SIC Code	--
Telephone#	91-20-24392080 / 66462000 / 66462300 / 66462012	Business Style 1	Manufacturers
Fax #	91-20-24392343	Business Style 2	Exporters
Homepage	www.parirobotics.com	Product Name 1	Industrial Robotics
# of employees	900 (Approximately)	Product Name 2	Automation Systems
Paid up capital	Rs.82,817,000/-	Product Name 3	--
Shareholders	Venture Capital-24.80% Bodies corporate-2.67% Directors or relatives of Directors-60.56% Other top fifty shareholders- 11.92% Others-0.05%	Banking	HDFC Bank Limited
Public Limited Corp.	NO	Business Period	22 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	Ba (50)
Related Company
Relation	Country	Company Name	CEO
Subsidiaries	India	Pari Automation Limited	--
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,271,462,000	Current Liabilities	594,168,000
Inventories	711,590,000	Long-term Liabilities	1,017,093,000
Fixed Assets	538,414,000	Other Liabilities	36,808,000
Deferred Assets	0,000	Total Liabilities	1,648,069,000
Invest& other Assets	49,313,000	Retained Earnings	839,891,000
		Net Worth	922,710,000
Total Assets	2,570,779,000	Total Liab. & Equity	2,570,779,000
Total Assets (Previous Year)	2,706,907,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	2,405,140,000	Net Profit	165,272,000
Sales(Previous yr)	2,140,143,000	Net Profit(Prev.yr)	62,865,000

IDENTIFICATION DETAILS

Name :	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED
Registered Office :	Narhe Works, S No 38/2, Village Narhe, Off Pune Sinhgad Road, Pune – 411041, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	10.08.1990
Com. Reg. No.:	11-057687
Capital Investment / Paid-up Capital :	Rs.82.817 Millions
CIN No.: [Company Identification No.]	U72200PN1990PLC057687
TAN No.: [Tax Deduction & Collection Account No.]	PNEP00979G
PAN No.: [Permanent Account No.]	AABCP2572Q
Legal Form :	A Closely Held Public Limited Liability Company.
Line of Business :	Manufacturers and Exporters of Industrial Robotics and Automation Systems
No. of Employees :	900 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (50)

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

Maximum Credit Limit :	USD 3600000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. It has achieved better growth in its sales turnover and profitability during 2011. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitments. The company can be considered for business dealings at usual trade terms and conditions.

NOTES:

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

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	A- (Long Term Bank Facilities)
Rating Explanation	Adequate degree if safety and low credit risk.
Date	13.04.2012

Rating Agency Name	CARE
Rating	A1 (Short Term Bank Facilities)
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	13.04.2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY

Name :	Mr. Sagar
Designation :	Accountant
Tel No.:	91-20-66462000

LOCATIONS

Registered Office / Corporate Office:	Narhe Works, S No 38/2, Village Narhe, Off Pune Sinhgad Road, Pune – 411041, Maharashtra, India
Tel. No.:	91-20-24392080 / 66462000 / 66462300 / 66462012
Fax No.:	91-20-24392343
E-Mail :	sagarvb@parirobotics.com paradise@pptplastic.com aniruddha@parirobotics.com sales@psrirobotics.com nitinb@parirobotics.com atuld@parirobotics.com dhaneshr@parirobotics.com manjushag@parirobotics.com sales@parirobotics.com
Website :	www.parirobotics.com
Location :	Owned
Head Office :	1203-A, Highland Park, Lokhandwala Complex, Link Road, Andheri (West), Mumbai-400053, Maharashtra, India
Tel. No.:	91-22-25063931
E-Mail :	paradise@pplplastics.com
Corporate Office :	701A, Highland Park, Lokhandwala Complex, Link Road, Andheri (West), Mumbai-400053, Maharashtra, India
Tel. No.:	91-22-26365238
Fax No.:	91-22-26365238
Factory 1 :	Village Dhangarwadi Shirwal off Pune Satara Highway, Satara – 412801, Maharashtra, India
Factory 2 :	S. No. 144, Behind SANSS High School, Dhayari, Pune – 411 041, Maharashtra, India
Tel. No.:	91-20-24392080/82/83/24390914/15
Fax No.:	91-20-24392843
E-Mail :	precision_automation@vsnl.com sales@parirobotics.com info@parirobotics.com
Branch Office:	Located At : Maharashtra Delhi Bangalore Chennai Jamshedpur Nashik Uttaranchal Itasca

DIRECTORS

As on 30.09.2011

Name :

Mr. Mangesh Ashok Kale

Designation :

Managing Director

Address :

C – 402, Rohan Tapovan, S. No. 98/2A/1A Near Patrakar Nagar, Off Senapali Bapat Road, Pune – 411015, Maharashtra, India

Date of Birth/Age :

19.09.1965

Date of Appointment :

16.08.1990

DIN No.:

00425623

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	U72200PN1990PLC057687	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED	Managing director	01/04/2012	16/08/1990	-	Active	NO
2	U72200PN2003PLC017677	PARI AUTOMATION LIMITED	Director	10/02/2003	10/02/2003	-	Active	NO

Name :

Dr. Ranjit Arun Date

Designation :

Managing Director

Address :

13/4, Nalini – Mahadev, Near Lokmanya Hospital, Off. Karve Road, Pune – 411004

Date of Birth/Age :

07.08.1965

Date of Appointment :

04.01.1992

DIN No.:

00425691

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	U72200PN1990PLC057687	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED	Managing director	01/04/2012	04/01/1992	-	Active	NO
2	U72200PN2003PLC017677	PARI AUTOMATION LIMITED	Director	10/02/2003	10/02/2003	-	Active	NO

Name :

Mr. Govind Ghanashyam Oza

Designation :

Whole-time Director

Address :

506, Woodland Harmony, Gandhibhavan, Kothrud, Pune – 411038, Maharashtra, India.

Date of Birth/Age :

01.04.1972

Date of Appointment :

27.12.2005

DIN No.:

00426002

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	U72200PN1990PLC057687	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED	Whole-time director	27/12/2005	27/12/2005	-	Active	NO
2	U72200PN2003PLC017677	PARI AUTOMATION LIMITED	Director	30/09/2011	01/02/2011	-	Active	NO

Name :

Mr. Ashok Bhaskar Kale

Designation :

Director

Address :

865, Snehbandh Co-operative Housing Society, Shivajinagar, Pune – 411004, Maharashtra, India.

Date of Birth/Age :

27.04.1936

Date of Appointment :

04.01.1992

DIN No.:

01383054

Name :

Dr. Arun Mahadev Date

Designation :

Director

Address :

13/4, Near Lokmanya Hospital, Off. Karve Road, Pune - 411004

Date of Birth/Age :

12.02.1939

Date of Appointment :

16.08.1990

DIN No.:

02376669

Name :

Mr. Makarand S. Rajguru

Designation :

Director

Name :

Mr. Vithaldas H. Shah

Designation :

Director

Address :

6, Renuka Tilak Road, Ghatkopar East, Mumbai-400077, Maharashtra, India

Date of Birth/Age :

09.10.1936

Date of Appointment :

01.04.2004

Name :

Mr. Kantilal Gandhi

Designation :

Director

Name :

Mr. Yogesh Gandhi

Designation :

Director

Name :

Mr. Harsh Gandhi

Designation :

Whole time Director

Address :

B-62, Sector 14, Noida, Noida 201301, Uttar Pradesh, India

Date of Birth/Age :

05.06.1981

Date of Appointment :

22.08.2003

Name :

Mr. Jitendra Shah

Designation :

Director

Name :

Mr. Shailesh Shah

Designation :

Director

Address :

12, Mahesh Villa, V B Lane Extension, Ghatkopar East, Mumbai-400077, Maharashtra, India

Date of Birth/Age :

22.05.1957

Date of Appointment :

01.04.2004

KEY EXECUTIVES

Name :	Mr. Sagar
Designation :	Accountant
Name :	Mr. Dhanesh Shrikrishna Rale
Designation :	Secretary
Address :	1-14 Leela Park, Shivtirth Nagar, Paud Road, Pune – 411038, Maharashtra, India.
Date of Birth/Age :	02.04.1978
Date of Appointment :	14.05.2010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

SHAREHOLDERS DETAILS FILE ATTACHED

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Venture Capital	24.80
Bodies corporate	2.67
Directors or relatives of Directors	60.56
Other top fifty shareholders	11.92
Others	0.05
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturers and Exporters of Industrial Robotics and Automation Systems.
Terms :
Selling :	Cash / Credit
Purchasing :	Cash / Credit

PRODUCTION STATUS (As on: 31.03.2010)

Particular	Installed Capacity
Particulars	Quantity Nos.
Robotic and Automation Systems and Accessories	297
Ergonomic Systems and Accessories	5907
Standard Products and Accessories	5549
Spare Parts, Valves, Bearing and Others	2890
Sale of Scrap and others	69486

GENERAL INFORMATION

Suppliers :

· Cemens

Customers :

· Wholesalers and Retailers

· Tata Motors

· Maruti Suzuki

· Automotive

· Ancilliaction

· Truck and Commercial Vehicles

· Engineering Goods

· Farm Equipments

· Home Application

No. of Employees :

900 (Approximately)

(Including Permanent and Contract)

Bankers :

· IDBI Bank

· HDFC Bank Limited

· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D Nariman Point, Mumbai-400021, Maharashtra

· Kotak Mahindra Bank Limited, Delhi

· Bank of India, Pune Corporate Banking Branch, 1162/6, Shivaji Nagar, University Road, Pune – 411 005, Maharashtra, India

· ICICI Bank Limited

· The United Western Bank Limited, Deccan Gymkhana Branch, Pune – 411 004, Maharashtra, India

Facilities :

Secured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Working capital loans banks secured	(A)687.181
Loans taken for vehicles secured	(B)4.010
Loans taken for other fixed assets secured	(C)292.092	892.763
Total	983.283	892.763
Notes: (A) Working capital loans are secured by hypothecation of current assets and also by second. Charge on all fixed assets of company. They are also guaranteed by some of the directors (B) Secured By Charge Over Vehicles (C) Secured By First Charge By Way Of Equitable Mortgage Of Immovable Assets and Hypothecation of movable assets and are further secured by second charge on all current Assets.
Unsecured Loan	As on 31.03.2011 (Rs. in Millions)	As on 31.03.2010 (Rs. in Millions)
Deferred Sales Tax Loan Unsecured	33.810	33.810
Total	33.810	33.810

Banking Relations :	--
Auditors :
Name :	B L Phatak and Company Chartered Accountant
PAN No.:	AACFB0983B
Subsidiaries :	Þ Pari Automation Limited, India CIN No: U7220PN2003PLC017677 Þ Pari Robotics Inc., United States

CAPITAL STRUCTURE

As on 30.09.2011

Authorized Capital:

No. of Shares	Type	Value	Amount
9000000	Equity Shares	Rs.10/- each	Rs. 90.000 millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
8281671	Equity Shares	Rs.10/- each	Rs.82.817 millions

Note:

(A) Authorized share capital comprises Rs. 9.000 millions equity shares each of Rs 10/-. Rs. 9.000 millions is

actual number and not rounded number.

(B) Includes 5811700 equity shares issued as bonus shares by capitalization of security premium account each share is of Rs. 10

(C) Comprises of 8281671 Number of Equity Shares of Rs 10 each

(D) Includes 8281671 Shares of Rs 10 Each

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		82.817	82.816	69.740
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		839.891	697.248	351.134
4] (Accumulated Losses)		0.000	0.000	0.000
5] Equity Share Warrants		0.002	0.000	0.000
NETWORTH		922.710	780.064	420.874
LOAN FUNDS
1] Secured Loans		983.283	892.763	739.115
2] Unsecured Loans		33.810	33.810	287.810
TOTAL BORROWING		1017.093	926.573	1026.925
DEFERRED TAX LIABILITIES		47.298	41.807	38.548
Stock options outstanding		0.000	0.002	2.923
TOTAL		1987.101	1748.446	1489.270
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		538.414	538.345	562.684
Capital work-in-progress		35.968	19.948	16.777
INVESTMENT		13.345	13.345	13.345
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	711.590	659.667	551.605
	Sundry Debtors	995.165	1148.859	794.309
	Cash & Bank Balances	68.224	179.507	169.217
	Other Current Assets	0.001	0.000	0.000
	Loans & Advances	208.072	134.497	104.082
Total Current Assets		1983.052	2122.530	1619.213
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	406.012	617.468	504.621
	Other Current Liabilities	188.156	326.783	210.280
	Provisions	(10.490)	14.210	8.418
Total Current Liabilities		583.678	958.461	723.319
Net Current Assets		1399.374	1164.069	895.894
MISCELLANEOUS EXPENSES		0.000	12.739	0.570
TOTAL		1987.101	1748.446	1489.270

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2405.140	2140.143	1985.941
		Other Income	119.609	10.100	17.251
		TOTAL (A)	2524.749	2150.243	2003.192
Less	EXPENSES
		Consumption materials changes Inventories	1153.677	1330.063	1186.078
		Manufacturing service costs	242.153	0.000	0.000
		Employee related expenses	379.508	277.623	292.495
		Administrative selling and other expenses	407.596	256.442	281.350
		TOTAL (B)	2182.934	1864.128	1759.923
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		341.815	286.115	243.269
Less	FINANCIAL EXPENSES (D)		103.821	143.893	107.455
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		237.994	142.222	135.814
Less/ Add	DEPRECIATION/ AMORTISATION (F)		39.583	39.529	28.439
	PROFIT BEFORE TAX (E-F) (G)		198.411	102.693	107.375
Less	TAX (I)		33.139	39.906	41.687
	PROFIT AFTER TAX (G-I) (J)		165.272	62.865	65.688
Less	PRIOR PERIOD ITEMS		0.263	0.075	0.120
Less	APPROPRIATIONS
		Transfer to General Reserve		6.286	6.006
		Dividend	26.152	6.004	4.707
		Tax on Dividend		0.997	0.800
	BALANCE CARRIED TO THE B/S		138.857	49.500	54.005
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	424.456	85.240
		Commission Earnings	NA	59.976	2.393
	TOTAL EARNINGS			484.432	87.633
	IMPORTS
		Raw Materials	NA	472.569	306.284
		Stores & Spares	NA	0.000	0.000
		Capital Goods	NA	0.000	6.106
	TOTAL IMPORTS		NA	472.569	312.390
	Earnings Per Share (Rs.)		111.41	12.47	9.42
	Basic Earnings per share		1.992	N.A	N.A
	Diluted Earnings per share		1.939	N.A	N.A

Particulars	31.03.2012
Sales Turnover (Approximately)	2520.000

Expected Sales (2012-13): Rs. 3000.000 millions

The above information has been parted by Mr. Sagar

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	6.58	2.92	3.28
Net Profit Margin (PBT/Sales)	(%)	8.24	4.79	5.64
Return on Total Assets (PBT/Total Assets}	(%)	7.86	3.85	4.92
Return on Investment (ROI) (PBT/Networth)		0.21	0.13	0.26
Debt Equity Ratio (Total Liability/Networth)		1.73	2.47	4.16
Current Ratio (Current Asset/Current Liability)		3.39	2.21	2.24

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	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	Yes
9]	Name of person contacted	Yes
10]	Designation of contact person	Yes
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	Yes
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
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
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	No
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Bankers Charges Report as per Registry

Corporate identity number of the company	U72200PN1990PLC057687
Name of the company	PRECISION AUTOMATION AND ROBOTICS INDIA LIMITED
Address of the registered office or of the principal place of business in India of the company	Narhe Works, S. No. 38/2, Village Narhe, Off Pune Sinhgad Road, Pune – 411041, Maharashtra, India. e-mail: manjushag@pariobotics.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	10073026
Type of charge	Immovable Property
Particular of charge holder	Bank of India, Pune MID Corporate Branch, 1162/6, Shivaji Nagar, University Road, Pune – 411 005, Maharashtra, India. e-mail : MCB.Pune@bankofindia.co.in
Nature of instrument creating charge	Memorandum of Entry – Constructive Delivery
Date of instrument Creating the charge	20.04.2012
Amount secured by the charge	Rs. 3028.197 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest Prime Lending rate of SIDBI, Presently @ 12.75% p.a. and as amended by SIDBI from Time to Time. Terms of Repayment Refer Letter of Intent Dated 19^th March 2012 for the Terms of Repayment. Margin NIL Extent and Operation of the charge The Loan together with Interest, Costs, Expenses, Penal Interest and all Dues and Payable by the Borrower shall be Secured by : Primary Security : NIL Collateral Security : 1^st Pari Passu Charge on the Immovable Property
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Immovable Property being the Land and Premises bearing Survey No. 38, Hissa No. 2/23 admeasuring O H 40 R along with Road admeasuring OH 08R 5P i.e. 20 Feet x 473 Feet Road Plot at Narhe Immovable Property being the Land and Premises bearing Survey No. 38, Hissa No. 2/23 admeasuring OH 20R at Village : Narhe, Taluka : Haveli, District : Pune Immovable Property being the Land and Premises bearing Survey No. 38, Hissa No. 2/17 admeasuring OH 35.50R at Village : Narhe, Taluka : Haveli, District : Pune Land and Premises admeasuring 20 R equal to 2000 sq. meters out of O H 83.5 R situated at Survey No. 38, Hissa No. 2/22 in Industrial Zone at Village : Narhe, Taluka : Havelli, District : Pune Immovable Property being the Land and Premises bearing Survey No. 38, Hissa No. 2/5 admeasuring OH 17.25R i.e. 1725 sq. meters at Village : Narhe Immovable Property being the Land and Premises bearing Survey No. 38, Hissa No. 2/6 admeasuring OH 17.25R i.e. 1725 sq. meters at Village : Narhe, Taluka : Havelli, District : Pune Land and Premises bearing Gat No. 463A (Part), 464(Part), 463B(Part) adm. abt 7H7R(out of Total Area of 12H49R), 9H 52.04 R(out of Total area of 11H 95R), 13H 04.604(out of Total area of 18H75R) at Dhangarwadi.
Particulars of the present modification	SIDBI has Increased the Loan facility from Rs. 127.500 millions to Rs. 277.500 millions with Sanction of Additional WCTL of Rs. 150.000 millions.

TRADE REFERANCE

Þ Tata Motors

Þ Maruti Suzuki

Þ Cemens

FIXED ASSETS

· Land And Land Improvements

· Free Hold Land

· Lease Hold Land

· Building And Building Improvements,

· Office Building

· Factory Building

· Plant Machinery

· Equipments

· Factory Equipments

· Computer Equipments

· Furniture Fixtures

· Vehicles

· Aircrafts Helicopters

· Motor Vehicles

· Patents Trademarks Design

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.53.78
UK Pound	1	Rs.86.77
Euro	1	Rs.69.71

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	VRN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--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	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		50

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.