MIRA INFORM REPORT

Report Date :

05.10.2012

IDENTIFICATION DETAILS

Name :	N S TERBO PRIVATE LIMITED
Registered Office :	308, Kale Ram Chamber, East Guru Angad Nagar, Lakshmi Nagar, Delhi – 110 092
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	28.06.2004
Com. Reg. No.:	55-127220
Capital Investment / Paid-up Capital :	Rs. 0.100 million
CIN No.: [Company Identification No.]	U29113DL2004PTC127220
TAN No.: [Tax Deduction & Collection Account No.]	DELN06434B
PAN No.: [Permanent Account No.]	AABCN9652N
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Turbines.
No. of Employees :	50 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (26)

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

Maximum Credit Limit :	USD 7800
Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	Subject is a established company having moderate track record. The company fail to file the finance detail with the government department for 2010-2011. However, from the previous year record company seem to be having small company. Trade relation are reported to be fair. Business is active. Payment are unknown. The company can be considered for business dealing 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

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. S. U. Khan
Designation :	Director
Contact No.:	91-9891483853
Date :	04.10.2012

LOCATIONS

Registered Office :	308, Kale Ram Chamber, East Guru Angad Nagar, Lakshmi Nagar, Delhi – 110 092, India
Tel. No.:	91-120-2840691/22052866
Mobile No.:	91-9891483853 (Mr. S.U. Khan)
Fax No.:	91-120-2840799
E-Mail :	sainirahul007@rediffmail.com repairs02@yahoo.co.in
Factory :	S-16, SOUTH SIDE, G.T ROAD, INDUSTRIAL AREA, Ghaziabad – 201009, Uttar Pradesh, India

DIRECTORS

As on 30.09.2010

Name :

Mr. Neeraj Mohan Gupta

Designation :

Director

Address :

611, Semal Road, Shepra Sun City, Indira Puram, Ghaziadab – 201 010, Uttar Pradesh, India

Date of Appointment :

28.06.2004

DIN No.:

00295098

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	U29113DL2004PTC127220	N S TERBO PRIVATE LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
2	U74899DL1991PTC043971	MONO-TECH ENGINEERS PRIVATE LIMITED	Director	16/12/2005	16/12/2005	-	Active	NO
3	U29253UP2009PTC038908	N.S THERMAL ENERGY PRIVATE LIMITED	Director	10/12/2009	10/12/2009	-	Active	NO
4	U24233UP2010PTC040501	MITHILA DYEING & CHEMICALS PRIVATE LIMITED	Director	07/05/2010	07/05/2010	-	Active	NO

Name :

Mr. Saadat Ullah Khan

Designation :

Director

Address :

508, Fancy Apartment, 19 – Vasundhara Enclave, Mayur Vihar – III, Delhi – 110 095, India

Date of Appointment :

28.06.2004

DIN No.:

00295145

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	U29113DL2004PTC127220	N S TERBO PRIVATE LIMITED	Director	28/06/2004	28/06/2004	-	Active	NO
2	U74899DL1991PTC043971	MONO-TECH ENGINEERS PRIVATE LIMITED	Director	16/12/2005	16/12/2005	-	Active	NO

MAJOR SHAREHOLDERS

As on 30.09.2010

Names of Shareholders	No. of Shares
Mr. Neeraj Mohan Gupta	5000
Mr. Saadat Ullah Khan	5000
TOTAL	10000

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Turbines.
Products :	Steam Turbines Gas Turbines Power Generators Gear Boxes Machinery Spare Parts Critical Repair Services Engineering Services Steam Turbine Operating Conditions Erection and Commissioning Control Panel
Exports :
Products :	Turbines
Countries :	European Countries South East Asia
Terms :
Selling :	Cash / Credit
Purchasing :	Cash / Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

50 (Approximately)

Bankers :

• Punjab National Bank, Retail Assets Branch, V.M.L.G, Dayanand Nagar, Ghaziabad – 201001, Uttar Pradesh, India
• Canara Bank, Laxmi Nagar, Delhi – 110 092, India
• HDFC Bank
• Standard Chartered Bank

Facilities :

Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Secured Loans	0.795	0.000
Total	0.795	0.000
Secured Loan	As on 31.03.2010 (Rs. in Millions)	As on 31.03.2009 (Rs. in Millions)
Unsecured Loans PNB Car Loan Barklays Bank Limited HDFC Bank Car Loan India Bull Financial Services Limited Standard Chartered Bank Loan	0.713 0.000 0.589 0.000 0.808 0.538	1.060 0.372 1.085 0.628 1.231 1.038
Total	2.648	5.414

Banking Relations :	--
Financial Institution:	India Bull Financial Services Limited
Auditors :
Name :	Mukesh Bhatnagar and Associates Chartered Accountants
Address :	1, Navyug Market, First Floor, Ghaziabad – 201 001, Uttar Pradesh, India
Tel. No.:	91-120-2790072/2724051
PAN No.:	ADBPB6396F

CAPITAL STRUCTURE

As on 30.09.2010

Authorized Capital:

No. of Shares	Type	Value	Amount
150000	Equity Shares	Rs. 10/- each	Rs. 1.500 millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs. 10/- each	Rs. 0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		1.400	1.400	1.400
3] Reserves & Surplus		0.455	0.333	0.266
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1.955	1.833	1.766
LOAN FUNDS
1] Secured Loans		0.795	0.000	0.000
2] Unsecured Loans		2.648	5.414	4.179
TOTAL BORROWING		3.443	5.414	4.179
DEFERRED TAX LIABILITIES		0.003	0.003	0.003
TOTAL		5.401	7.250	5.948
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1.333	1.513	0.700
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	7.555	11.917	19.025
	Sundry Debtors	2.036	1.831	1.490
	Cash & Bank Balances	2.438	0.801	1.915
	Other Current Assets	4.004	4.395	0.000
	Loans & Advances	0.000	0.000	2.122
Total Current Assets		16.033	18.944	24.552
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	6.212	7.121	6.593
	Other Current Liabilities	5.756	6.090	12.717
	Provisions	0.000	0.000	0.000
Total Current Liabilities		11.968	13.211	19.310
Net Current Assets		4.065	5.733	5.242
MISCELLANEOUS EXPENSES		0.003	0.004	0.006
TOTAL		5.401	7.250	5.948

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income
		Other Income
		TOTAL	28.058	30.842	28.385
Less	EXPENSES
		Office Expenses
		Administrative Expenses
		Advertising Expenses
		TOTAL	24.808	24.581	46.605
	PROFIT BEFORE TAX		0.226	0.163	0.166
Less	TAX		0.000	0.000	0.000
	PROFIT AFTER TAX		0.226	0.163	0.166
	Earnings Per Share (Rs.)		23	16	17

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	0.80	0.52	0.58
Return on Total Assets (PBT/Total Assets}	(%)	1.30	0.79	0.65
Return on Investment (ROI) (PBT/Networth)		0.11	0.08	0.09
Debt Equity Ratio (Total Liability/Networth)		7.88	10.16	13.30
Current Ratio (Current Asset/Current Liability)		1.33	1.21	1.27

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	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	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
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	No
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

NOTE:

Registered Office of the company has been shifted from 108, Gagan Vihar Extension, Delhi – 110 051, India to the present address w.e.f. 01.01.2011

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U29113DL2004PTC127220
Name of the company	N S TERBO PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	308, Kale Ram Chamber, East Guru Angad Nagar, Lakshmi Nagar, Delhi – 110092, India e-mail: sainirahul007@rediffmail.com
This form is for	Creation of charge
Type of charge	Movable Property Vehicles
Particular of charge holder	Punjab National Bank, Retail Assets Branch, V.M.L.G, Dayanand Nagar, Ghaziabad – 201001, Uttar Pradesh, India e-mail: caajaykapoor@gmail.com
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation ( For Car Loan) Dated 24.02.2011
Date of instrument Creating the charge	24.02.2011
Amount secured by the charge	Rs. 0.388 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest The Rate of Interest shall be chargeable as per HO/ RBI guidelines from time to time. Presently Interest is applicable @ 12% per annum with monthly rests. Terms of Repayment Term Loan Repayable in 84 monthly E.M.I. RS.0.006 millions each starting from next month from date of disbursement. Margin 20% Extent and Operation of the charge 100%
Short particulars of the property charged	Hypothecation of New Vista Terra Q jet Car purchase or to be purchase out of bank finance total costing of Rs. 0.485 millions. The Term Loan of Rs. 0.388 millions shall also be Secured by fixed/ block/ current assets of the company.

FIXED ASSETS

• Refrigerators
• Inverter
• Air Conditioners
• Computer and Software
• Furniture and Fixtures
• Mobiles
• Car
• Scooter

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 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.51.97
UK Pound	1	Rs.83.67
Euro	1	Rs.67.19

INFORMATION DETAILS

Information Gathered by :	PJA
Report Prepared by :	NID

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	2
--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		26

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.