1. Summary Information

		Country	India
Company Name	ALCON ELECTRONICS PRIVATE LIMITED	Principal Name 1	Mr. Maharajkrishna Bansilal Birmani
Status	Moderate	Principal Name 2	Mr. Siddharth Anup Sachdev
		Registration #	11-016792
Street Address	34-B, MIDC Industrial Estate, Satpur, Nashik 422007, Maharashtra, India
Established Date	01.09.1973	SIC Code	--
Telephone#	91-253-2350533	Business Style 1	Manufacturer
Fax #	91-253-2350237	Business Style 2	--
Homepage	www.alconelectronics.com	Product Name 1	High CV Aluminum Electrolytic Capacitors
# of employees	Not Available	Product Name 2	--
Paid up capital	Rs.50,152,000/-	Product Name 3	--
Shareholders	Bodies corporate - 7.98 % Directors or relatives of Directors - 82.80 % Other top fifty shareholders - 9.22 %	Banking	Bank of Maharashtra
Public Limited Corp.	NO	Business Period	39 Years
IPO	NO	International Ins.	-
Public Enterprise	NO	Rating	B (34)
Related Company
Relation	Country	Company Name	CEO
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.03.2011		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	85,238,000	Current Liabilities	33,964,000
Inventories	73,622,000	Long-term Liabilities	130,881,000
Fixed Assets	94,528,000	Other Liabilities	0
Deferred Assets	0.000	Total Liabilities	164,845,000
Invest& other Assets	1,250,000	Retained Earnings	39,641,000
		Net Worth	89,793,000
Total Assets	254,638,000	Total Liab. & Equity	254,638,000
Total Assets (Previous Year)	208,561,000
P/L Statement as of	31.03.2011		(Unit: Indian Rs.)
Sales	324,468,000	Net Profit	26,806,000
Sales(Previous yr)	NA	Net Profit(Prev.yr)	12,694,000

MIRA INFORM REPORT

Report Date :

09.11.2012

IDENTIFICATION DETAILS

Name :	ALCON ELECTRONICS PRIVATE LIMITED
Registered Office :	34-B, MIDC Industrial Estate, Satpur, Nashik 422007, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	01.09.1973
Com. Reg. No.:	11-016792
Capital Investment / Paid-up Capital :	Rs.50.152 millions
CIN No.: [Company Identification No.]	U32109MH1973PTC016792
PAN No.: [Permanent Account No.]	AABCA3434A
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of High CV Aluminum Electrolytic Capacitors
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (34)

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

Maximum Credit Limit :	USD 359000
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is an established company having moderate track. The latest financials of the company are not made available. As per previous year’s record, we found that the company has recorded huge external borrowings. The reserves have slightly dipped during 2011. However, trade relations are reported as fair. Business is active. Payments are reported to be unknown. 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 – 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	CRISIL
Rating	BB (Long term Rating)
Rating Explanation	Moderate risk of default.
Date	20.07.2012

Rating Agency Name	CRISIL
Rating	A4 + (Short term Rating)
Rating Explanation	Minimal degree of safety and very high credit risk.
Date	20.07.2012

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.

LOCATIONS

Registered Office :	34-B, MIDC Industrial Estate, Satpur, Nashik 422007, Maharashtra, India
Tel. No.:	91-253-2350533
Fax No.:	91-253-2350237
E-Mail :	bwbadhan@gmail.com mail@alconelectronics.com mail@alconelectronics.net sales@alconelectronics.net
Website:	www.alconelectronics.com
Sales Network:	Domestic Network · Mumbai · New Delhi · Kolkata · Pune · Chennai · Bengaluru · Coimbatore · Kochi · Baroda · Hyderabad · Jaipur Global Network · Australia · China · Czech Republic · Denmark · Finland · Germany · South Africa · South Korea · Spain · Switzerland · Turkey · U.K. · U.S.A · Taiwan · Iran · Egypt

DIRECTORS

As on 28.09.2012

Name :

Mr. Maharajkrishna Bansilal Birmani

Designation :

Director

Address :

Deepak Mahal Nam Road, Delolali, Nashik-422401, Maharashtra, India

Date of Birth/Age :

31.05.1945

Date of Appointment :

01.09.2006

DIN No.:

00179871

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	U31907GA1993PTC001417	SIVA EQUIPMENT PRIVATE LIMITED	Director	25/08/1993	25/08/1993	-	Active	NO
2	U72200GA2001PTC002961	SIVA SYSTEMS PRIVATE LIMITED	Director	12/03/2001	12/03/2001	-	Active	NO
3	U33112GA2001PTC002998	YASHTECH MEDISOFT PRIVATE LIMITED	Director	18/07/2001	18/07/2001	-	Strike off	NO
4	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
5	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO

Name :

Mr. Siddharth Anup Sachdev

Designation :

Director

Address :

Santosh 54-55-56/B, D’ Souza Gangapur Housing Colony, College Road, Nashik – 422005, Maharashtra, India

Date of Birth/Age :

18.05.1981

Date of Appointment :

04.10.2004

Qualification :

Bcom. and MBA

DIN No.:

00331733

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	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	04/10/2004	04/10/2004	-	Active	NO
2	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	30/05/2005	30/05/2005	-	Active	NO

Name :

Mr. Sushil Ratanlal Morarka

Designation :

Director

Address :

24-B, Morarka House, Ground Floor, M.L. Dahanukar Marg, Mumbai-400026, Maharashtra, India

Date of Birth/Age :

06.10.1951

Date of Appointment :

01.09.2006

DIN No.:

01399879

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	U21090KA1979PLC003469	TUNGABHADRA PULP AND BOARD MILLS LIMITED	Director	27/08/1979	27/08/1979	-	Active	NO
2	U65993KA1968PLC001768	HEMAKUTA INDUSTRIES INVESTMENT COMPANY LIMITED.	Director	28/02/1986	28/02/1986	-	Active	NO
3	U17110MH1910PLC000316	BEHARILAL RAMCHARAN COTTON MILLS LTD	Director	24/12/1986	24/12/1986	31/07/2010	Active	NO
4	U34300RJ1982PLC002434	RAJASTHAN XLO SANWA MIDLAND LIMITED	Director	02/03/1994	02/03/1994	-	Active	NO
5	U67120MH1996PLC097779	CANDY HOLDINGS LIMITED	Director	29/02/1996	29/02/1996	-	Active	YES
6	U41000DL1996PLC081141	CANDY FILTERS (DELHI) LIMITED	Director	13/08/1996	13/08/1996	-	Active	NO
7	U29197MH1997PLC105309	CANDY FILTERS (BOMBAY) LIMITED	Director	21/01/1997	21/01/1997	-	Active	NO
8	U25199DL2001PTC111312	ARCHIT PLASTIC PRIVATE LIMITED	Director	11/01/2002	11/01/2002	-	Active	NO
9	U45200MH1994PLC078774	RIGVEDA PROPERTIES LTD	Director	11/05/2002	11/05/2002	-	Active	NO
10	U67120MH1995PTC088818	AQUASTEL WATER PURIFICATION SYSTEMS PRIVATE LIMITED	Director	11/05/2002	11/05/2002	-	Active	NO
11	U15424KA1993PLC014860	HEMAKUTA SUGAR & ALLIED INDUSTRIES LIMITED	Director	07/12/2002	07/12/2002	-	Active	NO
12	U51900MH1966PLC013539	AMALGAMATED COMMERCIAL TRADERS LIMITED	Director	20/10/2003	20/10/2003	-	Active	NO
13	U51909MH2004PTC146195	PRANAMI TRADING PRIVATE LIMITED	Director	08/07/2004	08/07/2004	-	Active	NO
14	U27100MH1986PLC040723	DURALLOY CUTTERS LIMITED	Director	28/03/2005	28/03/2005	-	Active	NO
15	U29220MH1983PLC029536	PARK TOOLS LIMITED	Director	28/03/2005	28/03/2005	-	Active	NO
16	U29220MH1984PLC034101	BELL TOOLS LTD	Director	28/03/2005	28/03/2005	-	Active	NO
17	U51909MH2003PLC140398	REALSTONE EXPORTS LIMITED	Director	26/04/2006	26/04/2006	-	Active	NO
18	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
19	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
20	U51909MH2004PLC146061	UTKANTHA TRADING AND PROPERTIES LIMITED	Director	15/08/2007	15/08/2007	-	Active	NO
21	U52110DL1963PLC003965	P S JAIN CO. LIMITED.	Additional director	01/01/2008	01/01/2008	-	Active	NO
22	U50103PB1953PLC001784	P S JAIN MOTOR CO PUNJAB LTD	Additional director	01/01/2008	01/01/2008	-	Active	NO
23	U51909MH2008PTC182295	SIDDHPAD TRADING PRIVATE LIMITED	Director	02/07/2008	02/07/2008	-	Active	NO
24	U51109MH2008PTC178620	CITYBASE MULTITRADE PRIVATE LIMITED	Director	02/07/2008	02/07/2008	-	Active	NO
25	U93000MH2009PLC195109	SWIFT IT INFRASTRUCTURE & SERVICES LIMITED	Director	20/08/2009	20/08/2009	31/03/2010	Active	NO
26	U93000MH2009PTC195220	MINTAGE SOLUTIONS PRIVATE LIMITED	Director	25/08/2009	25/08/2009	31/03/2010	Active	NO
27	U72200DL1996PTC079563	INTERACTIVE WORLD PRIVATE LIMITED	Director	30/09/2010	30/09/2010	-	Active	NO
28	U52399MH2011PTC218095	AASSEM MULTITRADE PRIVATE LIMITED	Director	31/05/2011	31/05/2011	-	Active	NO

Name :

Mr. Sudhir Hari Unde

Designation :

Director

Address :

7/8 Blue Hill Gulmohar Colony, Pipe Line Road, Satpur, Nashik-422007, Maharashtra, India

Date of Birth/Age :

30.10.1952

Date of Appointment :

01.09.2006

Qualification :

Bcom.

DIN No.:

02131653

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	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	01/09/2006	01/09/2006	-	Active	NO
2	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	01/05/2008	01/05/2008	-	Active	NO

Name :

Mr. Anup Rattan Sachdev

Designation :

Director

Address :

Santosh 54-55-56/B, Gangapur Housing Colony, College Road, Nashik – 422005, Maharashtra, India

Date of Birth/Age :

06.03.1950

Date of Appointment :

11.12.1975

Qualification :

Bsc. (chemestry) and MBA

DIN No.:

02131678

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	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	11/12/1975	11/12/1975	-	Active	NO
2	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	04/10/2004	04/10/2004	-	Active	NO

Name :

Mr. Ranjana Anup Rattan Sachdev

Designation :

Director

Address :

Santosh 54-55-56/B, Gangapur Housing Colony, College Road, Nashik – 422005, Maharashtra, India

Date of Birth/Age :

29.10.1956

Date of Appointment :

29.02.1988

Qualification :

BA

DIN No.:

02131692

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	U32109MH1973PTC016792	ALCON ELECTRONICS PRIVATE LIMITED	Director	29/02/1988	29/02/1988	-	Active	NO
2	U31909MH2004PTC148945	ALCAP ELECTRONICS PRIVATE LIMITED	Director	04/10/2004	04/10/2004	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 28.09.2012

Names of Shareholders	No. of Shares
Anup Rattan Sachdev	2572000
Ranjana Anup Rattan Sachdev	982000
Ranjana Anup Rattan Sachdev Joint With Siddharth Sachdev	4000
Ranjana Anup Rattan Sachdev Joint With Radha Sachdev	4000
Siddharth Anup Rattan Sachdev	294000
Siddharth Anup Rattan Sachdev Joint With Sakshi Sachdev	4000
Deepika Nandkumar Joshi	452000
Radha Sachdev	112000
Jayasukhbhai Parikh	8000
Sushil Ratanlal Morarka	180000
Black-Gold Caplease Private Limited, India	400000
Sudhir Hari Unde	800
Milind Vijaykumar Jagtap	800
Rajesh Dattatrey Bhope	800
Prasanna Shripad Godbole	800
Total	5015200

Equity Share Break up (Percentage of Total Equity)

As on 28.09.2012

Category	Percentage
Bodies corporate	7.98
Directors or relatives of Directors	82.80
Other top fifty shareholders	9.22
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of High CV Aluminum Electrolytic Capacitors

Products :

ITC CODE NO.	PRODUCT/ SERVICES DESCRIPTION
85322200	Electrolytic Capacitors
85322500	Film Foil Capacitors

PRODUCTION STATUS

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production
Industrial & Professional Grade Aluminium Electrolytic Capacitors.	Nos.	12 lacs.	12 lacs.	3,53,626
Polypropylene Film-Foil Capacitors	Nos.	200 lacs	90 lacs	67,05,928

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· Bank of Maharashtra, SSI Satpur Branch, 44/13, D Road, MIDC, Satpur, Nashik - 422007, Maharashtra, India

· Small Industries Development Bank of India, First Floor, Pingle Complex, Opposite Kulkarni Garden, Sharanpur Road, Nashik - 422002, Maharashtra, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupee term loans banks secured	30.133	27.266
Working capital loans banks secured	82.246	35.842
Loans taken for vehicles secured	1.865	0.000
Total	114.244	63.108
Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Working capital loans banks unsecured	5.272	0.000
Deferred sales tax loan unsecured	7.250	8.137
Unsecured loans	4.115	5.776
Total	16.637	13.913

Banking Relations :	--
Auditors :
Name :	S. M. DAGA Chartered Accountant
Address :	1st Floor, Yashwant Mandai, Raviwar Karanja, Nashik – 422001, Maharashtra, India
PAN No.:	ABLPD8053E

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5015200	Equity Shares	Rs.10/- each	Rs.50.152 Millions

As on 28.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs.10/- each	Rs.100.000 Millions

Issued, Subscribed & Paid-up Capital : Rs. 50.262 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		50.152	7.600	7.600
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		39.641	52.424	39.730
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		89.793	60.024	47.330
LOAN FUNDS
1] Secured Loans		114.244	98.108	102.757
2] Unsecured Loans		16.637	13.913	13.280
TOTAL BORROWING		130.881	112.021	116.037
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
DEALER’S DEPOSIT		0.000	0.000	1.192
TOTAL		220.674	172.045	164.559
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		94.528	74.106	75.673
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		1.250	1.250	1.250
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	73.622	63.347	64.628
	Sundry Debtors	65.550	56.007	44.754
	Cash & Bank Balances	8.256	4.350	3.580
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	11.432	9.501	5.568
Total Current Assets		158.860	133.205	118.530
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	25.195	30.737	0.000
	Other Current Liabilities	7.167	4.639	1.203
	Provisions	1.602	1.140	29.691
Total Current Liabilities		33.964	36.516	30.894
Net Current Assets		124.896	96.689	87.636
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		220.674	172.045	164.559

PROFIT & LOSS ACCOUNT

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
SALES	324.468	NA	NA
PROFIT BEFORE DEPRECIATION	NA	29.268	NA
Depreciation	NA	9.882	NA
PROFIT BEFORE TAX	NA	19.386	NA
TAX	NA	6.692	NA
PROFIT AFTER TAX	26.806	12.694	5.143
Earnings In Foreign Currency
Export Earnings	98.522	60.844	41.471
TOTAL	98.522	60.844	41.471
Imports
Raw Materials	137.973	118.409	92.502
Trading Sales	1.684	1.178	0.000
TOTAL	139.657	119.587	92.502
Earnings Per Share (Rs.)	5.48	167.03	49.39

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	8.26	NA	NA
Net Profit Margin (PBT/Sales)	(%)	NA	NA	NA
Return on Total Assets (PBT/Total Assets}	(%)	NA	9.35	NA
Return on Investment (ROI) (PBT/Networth)		NA	0.32	NA
Debt Equity Ratio (Total Liability/Networth)		1.84	2.47	3.10
Current Ratio (Current Asset/Current Liability)		4.68	3.65	3.84

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	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	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	No
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	U32109MH1973PTC016792
Name of the company	ALCON ELECTRONICS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	34-B, MIDC Industrial Estate, Satpur, Nashik 422007, Maharashtra, India Email: bwbadhan@gmail.com
This form is for	Modification of charge
Charge identification (ID) number of the charge to be modified	90166662
Type of charge	· Immovable property · Book debts · Movable property (not being pledge)
Particular of charge holder	Bank of Maharashtra, SSI Satpur Branch, 44/13, D Road, MIDC, Satpur, Nashik - 422007, Maharashtra, India Email: ritc_nas@mahabankco.in
Nature of instrument creating charge	(1) Composite Deed OF Hypothecation For Enhanced Cash Credit
Date of instrument Creating the charge	02.11.2010
Amount secured by the charge	Rs.188.675 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest At present interest @12.25% p. A. With monthly rests. Terms of Repayment Cash Credit Limit To Be Reviewed / Renewed Within 12 Months Margin 25% In Banks Favour Extent and Operation of the charge Existing Cash Credit Limit Enhanced As Per Bank's Terms And Conditions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation Of Goods, Stock Of Raw Materials, Stock In Process, Semi Finished And Finished Goods, Stores And Spares, Stock In Trade, Outstanding Monies Claims, Bills, Receivables And Book Debts
Date of instrument modifying the charge	29.01.2009
Particulars of the present modification	Existing Cash Credit Limit Enhanced From RS.71.000 Millions TO RS.82.500 Millions

CONTINGENT LIABILITY

Contingent Liabilities not provided for in respect of Lcs. Rs 30.587 Millions(Previous Year Rs.29.026 Millions) and

Bank Guarantee Rs .Nil ( Previous Year Nil)

Fixed Assets:

· Leasehold Land

· Factory Building

· Plant and Machinery

· Mould

· Computers

· Electrical Installations

· Furniture and Fixtures

· Motor Cars

· Office Equipments

WEB DETAILS:

Alcon started manufacturing aluminium electrolytic capacitors for the Indian entertainment electronics industry in 1977. Over the years the focus has shifted and Alcon now manufactures a large range of high CV screw terminal type aluminium electrolytic capacitors and a large variety of film capacitors. Alcon now caters to the needs of the power electronics sector which includes not only AC drives, UPS systems and inverters but also high frequency induction heating equipment, windmill inverters, defence equipment and telecom equipment, besides a host of several special purpose industrial electronic equipment like welding and pulse magnetizing to name only a few

Alcon has been able to meet the exacting quality criteria and standards of Indian as well discerning customers in USA, Germany, Italy, UK, Spain, Norway, Sweden, Denmark, South Africa, Egypt, Turkey and the very price conscious
customers in China. Alcon believes that quality has to be built into the entire manufacturing process. The finest end products are assured by using the finest inputs, proven technology, modern production processes and stringent quality control. Alcon is registered to ISO 9001 by Underwriters Laboratories Inc. and is also registered to ISO 14001 signifying Alcon's commitment to environment protection.

Designing capacitors for special applications requires an in-depth understanding of the application, knowledge of changing technologies, the ability to develop innovative technology concepts and finally, incorporate these concepts into the capacitors, design and manufacturing process. This would give the users high reliability and high performance products. Alcon's custom designs capability is well know n. One of Alcon's significant plus points is that every stage of product development and innovation is evaluated in terms of changing technologies and user needs. Custom designed capacit ors allow the users to select the right capacitor at the most viable price. Custom-designed capacitors account for almost 50% of Alcon's sales.

At Alcon, responsiveness to customers needs is an integral part of our marketing strategy. We work together with customers to understand their production operations and application needs, analyse problems and offer optimum solutions. We do what it takes to satisfy customer requirements. Alcon has a marketing team with component specific knowledge and experience. Our distributors who are located all important cities in India and in many cities internationally function as marketing nerve centres and provide timely deliveries to consumers in their region.

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.54.44
UK Pound	1	Rs.87.00
Euro	1	Rs.69.48

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	4
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	4
--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	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		34

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.