MIRA INFORM REPORT

Report Date :

03.10.2012

IDENTIFICATION DETAILS

Name :	MARSHALL AUTO PRODUCTS PRIVATE LIMITED
Registered Office :	23, Hanuman Road, Cannought Place, New Delhi – 110 001
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	25.06.1998
Com. Reg. No.:	55-094677
Capital Investment / Paid-up Capital :	Rs.4.800 millions
CIN No.: [Company Identification No.]	U29299DL1998PTC094677
TAN No.: [Tax Deduction & Collection Account No.]	DELM08133G
Legal Form :	Private Limited Liability Company.
Line of Business :	Manufacturer and Exporter of Automotor Casting.
No. of Employees :	170 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (42)

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

Maximum Credit Limit :	USD 155000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track. Trade relations are reported as fair. Business is active. Payments are reported to be usually 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 – 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.

INFORMATION PARTED BY

Name :	Mr. Vivek Chopra
Designation :	Director
Contact No.:	91-9999100500
Date :	29.09.2012

LOCATIONS

Registered Office :	23, Hanuman Road, Cannought Place, New Delhi – 110 001, India
Tel. No.:	91-129-3194777/ 4027390
Mobile No.:	91-9999100500 (Mr. Vivek Chopra)
Fax No.:	Not Available
E-Mail :	info@marshallindia.com accounts@marshallindia.com vivek@marshallindia.com
Website :	www.marshallindia.com
Area :	250 sq yard
Location :	Owned
Factory :	Plot No.390-393, Sector-24, Faridabad – 121 005, Haryana, India
Area :	1.4 Acre
Location :	Owned

DIRECTORS

As on 27.09.2011

Name :

Dr. Dewan D. Lal Chopra

Designation :

Director

Address :

House No.457, Sector-14, Faridabad – 121 007, Haryana, India

Date of Birth/Age :

18.05.1958

Date of Appointment :

25.06.1998

DIN No.:

00109813

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	U74899DL1994PTC061865	MARSHALL AUTO CAST PRIVATE LIMITED	Director	03/10/1994	03/10/1994	-	Active	NO
2	U74899DL1994PTC061879	MARSHALL FOUNDRY AND ENGG PRIVATE LIMITED	Director	03/10/1994	03/10/1994	-	Active	NO
3	U74899DL1995PLC072430	MARSHALL CASTINGS LIMITED	Director	14/09/1995	14/09/1995	-	Active	NO
4	U74899DL1995PLC073262	MARSHALL CAPITAL LIMITED	Director	17/10/1995	17/10/1995	-	Active	NO
5	U63001DL1997PTC084583	MARSHALL AGRO TECH PRIVATE LIMITED	Director	21/01/1997	21/01/1997	-	Active	NO
6	U24225DL1997PTC085564	MARSHALL HOSPITAL PRIVATE LIMITED	Director	04/03/1997	04/03/1997	-	Active	NO
7	U34300DL1997PLC085615	MARSHALL AUTO INDUSTRIES LIMITED	Director	05/03/1997	05/03/1997	-	Active	NO
8	U29299DL1998PTC094677	MARSHALL AUTO PRODUCTS PRIVATE LIMITED	Director	25/06/1998	25/06/1998	-	Active	NO
9	U27102DL1998PTC097436	MARSHALL FOUNDRY WORKS PRIVATE LIMITED	Director	14/12/1998	14/12/1998	-	Active	NO
10	U27310DL1989PTC097435	MARSHALL DIE CASTING PRIVATE LIMITED	Director	14/12/1998	14/12/1998	-	Active	NO
11	U34300DL1998PTC097434	MARSHALL AUTO ANCILLARIES PRIVATE LIMITED TRNS FROM HARYANA	Director	14/12/1998	14/12/1998	-	Active	NO
12	U34300DL1999PLC100504	MARSHALL AUTO ENGG LIMITED	Director	02/07/1999	02/07/1999	-	Active	NO
13	U74899DL2001PLC054238	MARSHALL EXPORTS LIMITED	Director	01/12/2001	01/12/2001	-	Active	NO
14	U34300DL2003PLC122693	MARSHALL AUTOZONE LIMITED	Director	17/10/2003	17/10/2003	-	Active	NO
15	U51909DL2004PTC124023	EAGLE GLIDE EXIM PRIVATE LIMITED	Director	12/01/2004	12/01/2004	-	Active	NO
16	U34300DL2004PTC125099	EURO SHOK ABSORBER PRIVATE LIMITED	Director	10/03/2004	10/03/2004	-	Active	NO
17	U34320DL2004PTC130972	VELFORM AUTOMOTIVE PRIVATE LIMITED	Director	06/12/2004	06/12/2004	-	Active	NO
18	U34300DL2005PTC132966	APPLE AUTOMOTIVE PRIVATE LIMITED	Director	14/02/2005	14/02/2005	-	Active	NO
19	U19201HR1996PTC032988	SIHANI ENGG PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO
20	U74300DL2008PLC182994	WORLDROOM OOH MEDIA LIMITED	Director	08/09/2008	08/09/2008	-	Active	NO

Name :

Mrs. Sonam Chopra

Designation :

Director

Address :

House No.674, Sector-14, Faridabad – 121 007, Haryana, India

Date of Birth/Age :

12.03.1986

Date of Appointment :

01.06.2004

DIN No.:

00111184

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	U34300DL1997PLC085615	MARSHALL AUTO INDUSTRIES LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
2	U29299DL1998PTC094677	MARSHALL AUTO PRODUCTS PRIVATE LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO

Name :

Mr. Inderjeet Chopra

Designation :

Director

Address :

House No.674, Sector-14, Faridabad – 121 007, Haryana, India

Date of Birth/Age :

05.02.1955

Date of Appointment :

25.06.1998

DIN No.:

00115789

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	U74899DL1994PTC061879	MARSHALL FOUNDRY AND ENGG PRIVATE LIMITED	Director	03/10/1994	03/10/1994	-	Active	NO
2	U74899DL1995PLC072430	MARSHALL CASTINGS LIMITED	Director	14/09/1995	14/09/1995	-	Active	NO
3	U74899DL1995PLC073262	MARSHALL CAPITAL LIMITED	Director	17/10/1995	17/10/1995	-	Active	NO
4	U63001DL1997PTC084583	MARSHALL AGRO TECH PRIVATE LIMITED	Director	21/01/1997	21/01/1997	-	Active	NO
5	U34300DL1997PLC085615	MARSHALL AUTO INDUSTRIES LIMITED	Director	05/03/1997	05/03/1997	-	Active	NO
6	U29299DL1998PTC094677	MARSHALL AUTO PRODUCTS PRIVATE LIMITED	Director	25/06/1998	25/06/1998	-	Active	NO
7	U27102DL1998PTC097436	MARSHALL FOUNDRY WORKS PRIVATE LIMITED	Director	14/12/1998	14/12/1998	-	Active	NO
8	U27310DL1989PTC097435	MARSHALL DIE CASTING PRIVATE LIMITED	Director	14/12/1998	14/12/1998	-	Active	NO
9	U34300DL1998PTC097434	MARSHALL AUTO ANCILLARIES PRIVATE LIMITED TRNS FROM HARYANA	Director	14/12/1998	14/12/1998	-	Active	NO
10	U34300DL1999PLC100504	MARSHALL AUTO ENGG LTD	Director	02/07/1999	02/07/1999	-	Active	NO
11	U74899DL2001PLC054238	MARSHALL EXPORTS LIMITED	Director	01/12/2001	01/12/2001	-	Active	NO
12	U19201HR1996PTC032988	SIHANI ENGG PRIVATE LIMITED	Director	25/01/2007	25/01/2007	-	Active	NO
13	U34300DL2003PLC122693	MARSHALL AUTOZONE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
14	U34320DL2004PTC130972	VELFORM AUTOMOTIVE PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
15	U51909DL2004PTC124023	EAGLE GLIDE EXIM PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
16	U34300DL2005PTC132966	APPLE AUTOMOTIVE PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO

Name :

Mr. Vivek Chopra

Designation :

Director

Address :

House No.674, Sector-14, Faridabad – 121 007, Haryana, India

Date of Birth/Age :

03.11.1982

Date of Appointment :

01.06.2004

DIN No.:

00115826

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	U34300DL2003PLC122693	MARSHALL AUTOZONE LIMITED.	Director	17/10/2003	17/10/2003	-	Active	NO
2	U63001DL1997PTC084583	MARSHALL AGRO TECH PRIVATE LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
3	U29299DL1998PTC094677	MARSHALL AUTO PRODUCTS PRIVATE LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
4	U74899DL1995PLC073262	MARSHALL CAPITAL LIMITED	Director	01/06/2004	01/06/2004	-	Active	NO
5	U34320DL2004PTC130972	VELFORM AUTOMOTIVE PRIVATE LIMITED	Director	06/12/2004	06/12/2004	-	Active	NO
6	U34300DL2005PTC132966	APPLE AUTOMOTIVE PRIVATE LIMITED	Director	14/02/2005	14/02/2005	-	Active	NO
7	U19201HR1996PTC032988	SIHANI ENGG PVT LTD	Director	25/01/2007	25/01/2007	-	Active	NO
8	U74300DL2008PLC182994	WORLDROOM OOH MEDIA LIMITED	Director	08/09/2008	08/09/2008	-	Active	NO
9	U74899DL2001PLC054238	MARSHALL EXPORTS LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
10	U34300DL2004PTC125099	EURO SHOK ABSORBER PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO
11	U51909DL2004PTC124023	EAGLE GLIDE EXIM PRIVATE LIMITED	Director	03/02/2010	03/02/2010	-	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 27.09.2011

Names of Shareholders	No. of Shares
Dewan D. Lal Chopra	41500
Inder Chopra and Sons (HUF)	48000
Dewan D. Lal Chopra (HUF)	48000
Poonam Chopra	65800
Vivek Raj Chopra (HUF)	31300
Devvrat Lal Chopra	26200
Vivek Chopra	37900
Saloni Chopra	66200
Diwakar Lal Chopra	33900
Inderjeet Chopra	81200
Total	480000

As on 27.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Automotor Casting.
Exports :
Products :	Automotor Casting
Countries :	v USA v Germany v Italy v UK
Imports :
Products :	Raw Material
Countries :	v Austria v China
Terms :
Selling :	Cash and Credit
Purchasing :	Cash and Credit

PRODUCTION STATUS (AS ON 31.03.2010)

Particulars	Actual Production
C. I. Ring	9516
C. I. Casting (Nos.)	291260
C. I. Casting (KGS)	1213410
Parts of Motor Vehicle	172300

GENERAL INFORMATION

Suppliers :

v A.P. Tools and Gauges, Faridabad

v Anjani Technoplast Limited

v Agricultural and Industrial Products

v Al Metals and Methods Private Limited, Faridabad

v Al Murshidi Trading L.L.C., Dubai

v A.P. Engineering Works, Faridabad

v Ashoka Timber and Packers, Faridabad

v Bailey India, Tamilnadu

v BCH Electric Limited, Faridabad

v Deepak Marketing, Faridabad

v DEL Gears Limited, Faridabad

v Fern Equip Private Limited, Chennai

v Golden Paints and Chemicals, Faridabad

v Kalbros, New Delhi

v Kalson lndustries, Faridabad

v Kartikay Steel Corporation, Faridabad

v Kiran Packaging Industries. Faridabad

v Kirloskar Ferrous Industries Limited, Karnataka

v Manoj Motors, New Delhi

v Metaflux, Faridabad

v Shree Arihant Enterprises, Faridabad

v S.K. Engineering Works, Faridabad

v Tafe Motors and Tractors Limited

Customers :

v Indo Techno Engineering

v A.A. Autotech Private Limited, Gurgaon

v Advik Hi-Tech Private Limited (Plant - Ill) Pantnagar

v Associated Lighting Company, Noida

v Belmont Rubber Industries, Faridabad

v Bharat Fritz Werner Limited, Bangalore

v B.K. Engg. Works, Ballabgarh

v Clutch Auto Limited, Faridabad

v Eicher Engineering Component, Manpara, Thane

v Escorts Limited, Faridabad

v Harig India Private Limited, Ghaziabad

v Kiran Udyog Private Limited (Unit - I), Gurgaon

v Kiran Udyog Private Limited (Unit - II), Gurgaon

v Kurnal International, Delhi

v Lakhani Hi Tech Rubber Private Limited, Faridabad

v Shyam Century Ferrous. Meghalaya

v Tafe Access Limited, Chennai.

v Tool Tech Engineers, Faridabad

v VE Commercial Vehicles Limited , Dhar (Madhya Pradesh)

No. of Employees :

170 (Approximately)

Bankers :

v Canara Bank, 8A, Nehru Ground, NIT, Faridabad – 121 001, Haryana, India

v State Bank of India, Main Branch, Faridabad, Haryana, India

Facilities :

Secured Loans	31.03.2011 Rs. In Millions	31.03.2010 Rs. In Millions
Canara Bank (Against Hypothecation of Stocks, Bills and Book Debts, Land and Building and personal guarantee of the Directors)	11.780	22.002
From Haryana Financial Corporation, FBD (Against Hypothecation of Machinery, Land and Building and personal guarantee of the Directors)	2.202	3.141
From Government of Haryana (As interest free loan in lieu of deferred Sales Tax deferment received against personal guarantee of Directors)	0.288	0.288
Total	14.270	25.431

Banking Relations :	--
Financial Institution :	Haryana Financial Corporation, Bays 17, 18 and 19, Sector 17A, Chandigarh – 160 017, Chandigarh, India
Auditors :
Name :	Suresh C. Gupta and Associates Chartered Accountants
Address :	B-28/1, Wazirpur Industrial Area, New Delhi - 110 052, India
Income-tax PAN of auditor or auditor's firm :	AAPFS6422F
Group Companies :	v Marshal Exports Limited v Eagle Glide Exim Private Limited v Marshall Auto Cast Private Limited v Marshall Agro Tech. Private Limited v Marshall Auto Engg. Private Limited v Marshall Auto Industries Limited v Marshall Foundry Works Private Limited v Marshall Auto Ancillaries Private Limited v Marshall Castings Limited v Marshall Foundry and Engg. Private Limited v Apple Automotive Private Limited

CAPITAL STRUCTURE

As on 27.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
750000	Equity Shares	Rs.10/- each	Rs.7.500 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
480000	Equity Shares	Rs.10/- each	Rs.4.800 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		4.800	4.800	4.800
2] Share Application Money		5.140	5.140	5.140
3] Reserves & Surplus		28.803	26.270	24.591
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		38.743	36.210	34.531
LOAN FUNDS
1] Secured Loans		14.270	25.431	22.067
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		14.270	25.431	22.067
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		53.013	61.641	56.598
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		23.183	23.842	24.199
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.610	20.912	13.185
	Sundry Debtors	29.019	16.416	20.469
	Cash & Bank Balances	0.017	0.711	2.638
	Other Current Assets	1.240	4.681	3.724
	Loans & Advances	0.229	0.125	0.257
Total Current Assets		33.115	42.845	40.273
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.034	5.044	7.821
	Other Current Liabilities	0.001	0.002	0.002
	Provisions	0.250	0.000	0.051
Total Current Liabilities		3.285	5.046	7.874
Net Current Assets		29.830	37.799	32.399
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		53.013	61.641	56.598

PROFIT & LOSS ACCOUNT

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
SALES
	Income	160.000 (Approximately)	95.575	122.690
	Other Income	NA	0.341	0.092
	TOTAL	NA	95.916	122.782
EXPENSES
	Cost of Goods Sold	NA	62.831	84.728
	Consumable Stores and Spares	NA	5.048	3.990
	Power and Fuel	NA	7.347	7.174
	Wages, Salary and Labour Charges	NA	4.384	5.750
	Rent, Rates and Taxes	NA	0.319	0.017
	Tour and Traveling Expenses	NA	0.505	0.221
	Directors Remuneration	NA	0.540	0.540
NET PROFIT		2.783	1.683	1.712
IMPORTS
	Raw Materials	NA	10.575	27.184
	Capital Goods	NA	0.000	0.000
TOTAL IMPORTS		NA	10.575	27.184

Particulars	31.03.2012
Sales Turnover (Approximately)	182.500

Expected Sales (2012-2013): Rs.190.000 millions

The above information has been parted by Mr. Vivek Chopra (Director).

KEY RATIOS

PARTICULARS	31.03.2011	31.03.2010	31.03.2009
Debt Equity Ratio (Total Liability/Networth)	0.45	0.84	0.87
Current Ratio (Current Asset/Current Liability)	0.45	8.49	5.11

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) Constitutions of the firm	Yes
4) Premises details	Yes
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)	Yes
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

Bankers Charges Report as per Registry

Corporate identity number of the company	U29299DL1998PTC094677
Name of the company	MARSHALL AUTO PRODUCTS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	23, Hanuman Road, Cannought Place, New Delhi – 110 001, India E-Mail: accounts@marshallindia.com
This form is for	Modification of charge
Charge identification number of the modified	10064244
Type of charge	Immovable Property Movable Property (not being pledge)
Particular of charge holder	Canara Bank, 8A, Nehru Ground, NIT, Faridabad – 121 001, Haryana, India E-Mail: cb330@canarabank.com
Nature of description of the instrument creating or modifying the charge	Letter evidencing deposit of title deeds dated 21.03.2012
Date of instrument Creating the charge	21.03.2012
Amount secured by the charge	Rs.35.000 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: As per bank's norms Terms of Repayment: Working capital limits granted to Marshall Castings Limited payable on demand. Renewable every year. Margin: As per bank's norms. Extent and Operation of the charge: First charge on assets to secure limits amounting to Rs.35.000 millions granted to Marshall Castings Limited comprising of Cash Credit/ ODBD limit of Rs.300 with ODBD as a sublimit of Rs.15.000 millions. Letter of Credit / FLC (DA/DP) of Rs.5.000 millions.
Short particulars of the property charged	Corporate Guarantee of the company and EMT of the landed properties of the company situated at 391, Sector 24, Faridabad measuring 1288.88 sq. yards including all buildings thereon and all machineries therein or to be brought therein in connection with the various limits granted to the company.
Particulars of the present modification	The immovable properties of the company situated at Plot No.391, Sector 24, Faridabad measuring 1288.88 sq. yards including all buildings thereon and all machineries therein or to be brought therein are secured as collateral security for the limits of Rs.35.000 millions granted to Marshall Castings Limited. Other terms and conditions remain the same.

TRADE REFERENCES:

v A.P. Tools and Gauges, Faridabad

v Indo Techno Engineering

FIXED ASSETS:

v Land and Building

v Furniture and Fixture

v Computer

v Plant and Machinery

v Generator Set

v Air Conditioner

v Electric Transformer

v Induction Furnace

v Shot Blast Machine

v Air Compressor

v Tools Dies and Gauges

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

Information Gathered by :	SVA
Report Prepared by :	SMN

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	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--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		42

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.