MIRA INFORM REPORT

Report Date :

03.10.2012

IDENTIFICATION DETAILS

Name :	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED
Registered Office :	NO 134, J Gardens , G.N.T.Road, Madhavaram, Chennai- 600110, Tamil Nadu
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	07.04.1997
Com. Reg. No.:	18-037909
Capital Investment / Paid-up Capital :	Rs.305.050 millions
CIN No.: [Company Identification No.]	U29130TN1997PTC037909
TAN No.: [Tax Deduction & Collection Account No.]	CHEA02612B
PAN No.: [Permanent Account No.]	AAACA9038D
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Clutch Systems.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 2470000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is a part of Amalgamation group. It is having satisfactory track record. Trade relation are reported to be fair. Business is active. Payment are reported to be usually correct and as per commitment. It can be considered for any normal business at usual trade terms and condition.

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

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 :	NO 134 , J Gardens , G.N.T.Road, Madhavaram, Chennai- 600110, Tamil Nadu, India
Tel. No.:	91-44-25580191
Fax No.:	91-44-25580194
E-Mail :	ranganathan.sriraman@valeo.com
Website :	http://www.amalgamationsgroup.com

DIRECTORS

As on 30.09.2011

Name :

Mr. Krishnamoorthy Anantharamakrishnan

Designation :

Director

Address :

Kalyan Mahal, No. 1, Sivasamy Road, Mylapore, Chennai – 600004, Tamilnadu, India

Date of Birth/Age :

26.09.1937

Date of Appointment :

07.04.1997

DIN No.:

00001778

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	U35990TN1960PLC004235	SHARDLOW INDIA LIMITED	Director	07/05/1964	07/05/1964	-	Active	NO
2	U22110TN1950PTC000036	ASSOCIATED PRINTERS (MADRAS) PRIVATE LIMITED	Director	28/04/1967	28/04/1967	-	Active	NO
3	U35999TN1967PLC005566	AMALGAMATIONS REPCO LIMITED	Director	08/02/1968	08/02/1968	-	Active	NO
4	L02421TZ1910PLC000221	T STANES AND COMPANY LIMITED	Director	16/09/1968	16/09/1968	-	Active	NO
5	L29130TN1961PLC004466	BIMETAL BEARINGS LIMITED	Managing director	10/05/2010	26/06/1970	-	Active	NO
6	U35999TN1938PTC000019	AMALGAMATIONS PRIVATE LIMITED	Director	25/09/1970	25/09/1970	-	Active	NO
7	U65991TN1925PLC002345	SIMPSON AND COMPANY LIMITED	Managing director	15/06/2011	24/06/1971	-	Active	NO
8	L01132TZ1946PLC000180	STANES AMALGAMATED ESTATES LIMITED	Director	31/12/1973	31/12/1973	-	Active	NO
9	U35999TN1949PLC000951	INDIA PISTONS LIMITED	Director	18/11/1981	18/11/1981	-	Active	NO
10	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	07/04/1997	07/04/1997	-	Active	NO
11	U22121TN1925PTC000003	ASSOCIATED PUBLISHERS (MADRAS) PRIVATE LIMITED	Director	24/09/1998	24/09/1998	-	Active	NO
12	U15491TZ2000PLC009309	STANES MJF TEAS LIMITED	Director	24/04/2000	24/04/2000	-	Active	NO
13	U34300TN2001PTC048109	BBL DAIDO PRIVATE LIMITED	Director	17/04/2002	17/04/2002	-	Active	NO
14	U29130TN2007PLC064383	MAHLE IPL LIMITED	Director	04/08/2007	04/08/2007	07/02/2008	Active	NO
15	U28939TN1914PLC000008	ADDISON & CO. LIMITED	Director	29/01/2011	29/01/2011	-	Active	NO

Name :

Mr. Venkataramani Narayanaswamy

Designation :

Director

Address :

12 Boat Club Road, Chennai – 600028, Tamilnadu, India

Date of Birth/Age :

09.12.1939

Date of Appointment :

27.06.1997

DIN No.:

00001639

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	U35999TN1949PLC000951	INDIA PISTONS LIMITED	Managing director	01/04/2010	01/10/1975	-	Active	NO
2	U35999TN1967PLC005566	AMALGAMATIONS REPCO LIMITED	Director	17/12/1977	17/12/1977	-	Active	NO
3	U50300TN1956PLC000758	GEORGE OAKES LIMITED	Director	09/05/1983	09/05/1983	-	Active	NO
4	U40107TN1981PLC008903	TRANS ENERGY LIMITED	Director	29/10/1984	29/10/1984	24/03/2012	Active	NO
5	L29130TN1961PLC004466	BIMETAL BEARINGS LIMITED	Director	08/02/1985	08/02/1985	-	Active	NO
6	U32109KA1988PTC009484	ELCO NTTF (INDIA)PRIVATE LIMITED	Director	25/11/1988	25/11/1988	-	Active	NO
7	L28920TN1991PLC020232	IP RINGS LIMITED	Director	30/01/1991	30/01/1991	-	Active	NO
8	U35990TN1985PLC012333	IP PINS & LINERS LIMITED	Director	18/03/1993	18/03/1993	-	Active	NO
9	U29221KA1994PTC015104	NTTF INDUSTRIES Private LIMITED	Director	06/01/1994	06/01/1994	17/08/2012	Active	NO
10	U51909TN1994PLC026633	IP POWER CYLINDER SYSTEMS LIMITED	Director	27/01/1994	27/01/1994	-	Amalgamated	NO
11	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	27/06/1997	27/06/1997	-	Active	NO
12	U85110KA1999NPL025461	NETTUR TECHNICAL TRAINING FOUNDATION	Director	13/07/1999	13/07/1999	-	Active	NO
13	L01132TZ1946PLC000180	STANES AMALGAMATED ESTATES LIMITED	Director	28/10/1999	28/10/1999	-	Active	NO
14	U45201TN1950PTC000038	ADYAR PROPERTY HOLDING COMPANY PRIVATE LIMITED	Director	10/11/2000	10/11/2000	-	Active	NO
15	U34107TN2001PTC047925	STANADYNE AMALGAMATIONS PRIVATE LIMITED	Director	26/10/2001	26/10/2001	-	Active	NO
16	U29130TN2007PLC064383	MAHLE IPL LIMITED	Director	04/08/2007	04/08/2007	-	Active	NO
17	U29253TN2010PTC077285	IPL ENGINE COMPONENTS PRIVATE LIMITED	Director	30/08/2011	08/09/2010	-	Active	NO
18	L65191TN1954PLC002429	SUNDARAM FINANCE LIMITED	Director	13/07/2011	24/09/2010	-	Active	NO
19	U65991TN1925PLC002345	SIMPSON AND COMPANY LIMITED	Director	29/01/2011	29/01/2011	-	Active	NO
20	U35999TN1938PTC000019	AMALGAMATIONS PRIVATE LIMITED	Director	29/01/2011	29/01/2011	-	Active	NO
21	U65991TN1921NPL001337	CHENNAI WILLINGDON CORPORATE FOUNDATION	Director	19/05/2011	19/05/2011	-	Active	NO
22	U40107TN2011PTC083540	IPL GREEN POWER PRIVATE LIMITED	Director	12/12/2011	12/12/2011	-	Active	NO

Name :

Mr. Ved Prakash Ahuja

Designation :

Director

Address :

R-583, U Rajendra Nagar, New Delhi-110060, India

Date of Birth/Age :

03.06.1933

Date of Appointment :

26.07.1997

DIN No.:

00036914

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	U29129TN1960PLC004337	TRACTORS AND FARM EQUIPMENT LIMITED.	Additional director	09/08/2012	13/07/1995	-	Active	NO
2	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	26/07/1997	26/07/1997	-	Active	NO
3	U31400TN1955PLC080755	AMCO BATTERIES LIMITED	Director	30/09/2010	26/04/2010	-	Active	NO

Name :

Mr. Dhamodharan Raju

Designation :

Director

Address :

100, J Nagar, Royal Street ECR Road, Pannaiyur, Chennai-600119, Tamilnadu, India

Date of Birth/Age :

19.05.1970

Date of Appointment :

19.11.2009

DIN No.:

02401889

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	U31908TN2007PTC081836	VALEO ENGINE AND ELECTRICAL SYSTEMS INDIA PRIVATE LIMITED	Director	27/03/2009	27/03/2009	-	Amalgamated	NO
2	U29130TN2005PTC081914	Valeo India Private Limited	Managing director	23/09/2009	27/03/2009	-	Active	NO
3	U34300DL2007PTC157344	MINDA VALEO SECURITY SYSTEMS PRIVATE LIMITED	Director	30/09/2010	12/11/2009	-	Active	NO
4	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	19/11/2009	19/11/2009	-	Active	NO
5	U29309TN1997PLC038508	VALEO FRICTION MATERIALS INDIA LIMITED	Director	03/12/2009	03/12/2009	-	Active	NO
6	U51505DL2008PTC179801	VALEO LIGHTING SYSTEMS INDIA PRIVATE LIMITED	Additional director	01/02/2010	01/02/2010	-	Active	NO

Name :

Mr. Xavier Raymond Andre Dupont

Designation :

Director

Address :

28 R Leon, Gambetta, Ailly Sur, Noye 80250, France

Date of Birth/Age :

09.03.1968

Date of Appointment :

22.03.2011

DIN No.:

03484638

Name :

Mr. Jayakumar Govindan

Designation :

Managing director

Address :

2/136, Gurukripa House, 8^th Street Jayalakshmi Nagar, Kattupakkam, Chennai-600056, Tamilnadu, India

Date of Birth/Age :

20.02.1970

Date of Appointment :

15.11.2010

DIN No.:

03323318

Name :

Mr. Richard Eugene Camille Bouveret

Designation :

Director

Address :

42, Rue De Prony, Paris-75017, France

Date of Birth/Age :

04.06.1971

Date of Appointment :

19.11.2009

DIN No.:

02347387

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	U29130TN2005PTC081914	Valeo India Private Limited	Director	30/09/2008	08/09/2008	17/02/2011	Active	NO
2	U29309TN1997PLC038508	VALEO FRICTION MATERIALS INDIA LIMITED	Director	23/09/2008	23/09/2008	-	Active	NO
3	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	19/11/2009	26/09/2008	-	Active	NO
4	U31908TN2007PTC081836	VALEO ENGINE AND ELECTRICAL SYSTEMS INDIA PRIVATE LIMITED	Director	15/09/2011	15/09/2011	-	Amalgamated	NO

Name :

Mr. Mahadevan

Designation :

Director

Address :

Plot No 918, VI Avenue Anna Nagar, Chennai-600040, Tamilnadu, India

Date of Birth/Age :

05.02.1943

Date of Appointment :

14.02.2011

DIN No.:

00001690

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	U35990TN1985PLC012333	IP PINS & LINERS LIMITED	Director	30/10/1985	30/10/1985	-	Active	NO
2	U51909TN1994PLC026633	IP POWER CYLINDER SYSTEMS LIMITED	Director	27/01/1994	27/01/1994	-	Amalgamated	NO
3	L28920TN1991PLC020232	IP RINGS LIMITED	Director	14/07/1995	14/07/1995	-	Active	NO
4	U35999TN1949PLC000951	INDIA PISTONS LIMITED	Whole-time director	20/12/2009	05/10/1998	-	Active	NO
5	U34300TN2001PTC048109	BBL DAIDO PRIVATE LIMITED	Director	22/06/2002	22/06/2002	-	Active	NO
6	L29130TN1961PLC004466	BIMETAL BEARINGS LIMITED	Director	16/03/2005	16/03/2005	-	Active	NO
7	U72200TN2006PTC059713	SOLARWINDS INDIA PRIVATE LIMITED	Director	08/10/2007	08/10/2007	10/06/2010	Active	NO
8	U31400TN1955PLC080755	AMCO BATTERIES LIMITED	Director	30/09/2010	26/04/2010	-	Active	NO
9	U29130TN1997PTC037909	AMALGAMATIONS VALEO CLUTCH PRIVATE LIMITED	Director	14/02/2011	14/02/2011	-	Active	NO
10	U29130TN2007PLC064383	MAHLE IPL LIMITED	Director	29/06/2012	14/10/2011	-	Active	NO
11	U40107TN2011PTC083540	IPL GREEN POWER PRIVATE LIMITED	Director	12/12/2011	12/12/2011	-	Active	NO
12	U65991TN1925PLC002345	SIMPSON AND COMPANY LIMITED	Additional director	20/02/2012	20/02/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Sriraman Ranganathan
Designation :	Secretary
Address :	A17, Thiru Vi Ka 2^nd Cross Rajakilapakkam, Chennai-600073, Tamilnadu, India
Date of Birth/Age :	09.05.1979
Date of Appointment :	23.09.2009
PAN No.:	APTPS8394F

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2011

Names of Shareholders	No. of Shares
Valeo SA, France	15252500
Amalgamations Private Limited, India	7626250
Simpsons & Company Limited, India	7626250
Total	30505000

Equity Share Break up (Percentage of Total Equity)

As on 30.09.2011

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Clutch Systems.

Products :

Item Code No.	Product Description
8708	Clutch and Clutch Parts

GENERAL INFORMATION

Customers :

• Hyundai Motors
• Maruthi Udyog Limited
• Telco
• Tafe
• Fiat
• PTL
• Ford
• Mahindra and Mahindra

No. of Employees :

Not Available

Bankers :

Central Bank of India, Addison Buildings Branch, Anna Salai, Chennai-600002, Tamilnadu, India

Facilities :

Secured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Working capital loan secured	44.621	0.000
Total	44.621	0.000
Unsecured Loan	31.03.2011 (Rs. in Millions)	31.03.2010 (Rs. in Millions)
Rupees term loans banks unsecured	54.000	0.000
Total	54.000	0.000

Banking Relations :	--
Auditors :
Name :	S R Batli Boi and Company Chartered Accountants
Address :	1^st Floor, Tower A, Building No 8, Tamil Nadu, India
PAN No.:	ABSFS4151K
Related Parties :	Bimetal Bearing Limited, India (L29130TN1961PLC004466) Valeo Friction Materials, India (U29309TN1997PLC038508) Valeo SPA (Mandovi), Italy Valeo Otomative Ens, Turkey Valeo Pyeong Hwa Cp. Limited, Korea Nanjing Valeo Clutches Company Limited, China Valeo Lighting Systems India Private Limited, India (U51505DL2008PTC179801) Valeo India Private Limited, India(U29130TN2005PTC081914) Tractor and Farm Equipment, India(U29129TN1960PLC004337) Valeo Espana- Spain, Spain ValeoMateriaux De Friction Limo, France Valeo Unisia Transmissions KK, Japan Amalgamation Repco Limited, India (U35999TN1967PLC005566)

CAPITAL STRUCTURE

As on 31.03.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
30505000	Equity Shares	Rs.10/- each	Rs.305.050 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
30505000	Equity Shares	Rs.10/- each	Rs.305.050 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		305.050	305.050	305.050
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		314.182	357.950	239.696
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		619.232	663.000	544.746
LOAN FUNDS
1] Secured Loans		44.621	0.000	0.000
2] Unsecured Loans		54.000	0.000	0.000
TOTAL BORROWING		98.621	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	2.889
TOTAL		717.853	663.000	547.635
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		355.229	313.196	317.828
Capital work-in-progress		116.918	73.113	36.082
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		44.823	36.242	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	437.481	242.534	215.119
	Sundry Debtors	327.589	198.101	341.882
	Cash & Bank Balances	83.773	63.640	24.767
	Other Current Assets	0.000	0.016	0.000
	Loans & Advances	124.533	96.905	108.106
Total Current Assets		973.376	601.196	689.874
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	665.636	305.999	393.166
	Other Current Liabilities	14.346	12.614
	Provisions	92.511	42.134	102.983
Total Current Liabilities		772.493	360.747	496.149
Net Current Assets		200.883	240.449	193.725
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		717.853	663.000	547.635

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	2908.075	2267.199	1865.738
		Other Income		46.088	21.047
		TOTAL (A)	2908.075	2313.287	1886.785
	EXPENSES
		Material Consumed	2877.532	1570.179	1322.900
		Employee Cost		130.976	104.925
		Other Expenses		371.493	285.515
		TOTAL (B)	2877.532	2072.648	1713.340
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		2861.941 (Including Financial Expenses and Depreciation)	240.639	173.445
Less	FINANCIAL EXPENSES (D)			4.341	3.904
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)			236.298	169.541
Less/ Add	DEPRECIATION/ AMORTISATION (F)			66.284	66.459
	PROFIT BEFORE TAX (E-F) (G)		15.591	170.014	103.082
Less	TAX (I)		6.002	51.760	30.456
	PROFIT AFTER TAX (G-I) (J)		9.589	118.254	72.626
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		310.891	192.637	196.837
Less	APPROPRIATIONS
		Transfer to General Reserve	NA	0.000	5.447
		Dividend	NA	0.000	61.010
		Tax on Dividend	NA	0.000	10.369
	BALANCE CARRIED TO THE B/S		NA	310.891	192.637
	EARNINGS IN FOREIGN CURRENCY		10.861	8.313	19.885
	Earnings Per Share (Rs.)		0.31	3.88	2.38

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.33	5.11	3.89
Net Profit Margin (PBT/Sales)	(%)	NA	7.50	5.52
Return on Total Assets (PBT/Total Assets}	(%)	1.17	18.59	10.23
Return on Investment (ROI) (PBT/Networth)		0.03	0.26	0.19
Debt Equity Ratio (Total Liability/Networth)		1.41	0.54	0.91
Current Ratio (Current Asset/Current Liability)		1.26	1.67	1.39

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	Yes
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	-------
22]	Litigations that the firm / promoter involved in	-------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	-------
26]	Buyer visit details	-------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
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	No

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.52.78
UK Pound	1	Rs.85.16
Euro	1	Rs.67.79

INFORMATION DETAILS

Report Prepared by :

MRI

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	5
--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		48

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.