MIRA INFORM REPORT

Report Date :

18.10.2012

IDENTIFICATION DETAILS

Name :	UHDE INDIA PRIVATE LIMITED (w.e.f. 01.05.2008)

Formerly Known As :	UHDE INDIA LIMITED

Registered Office :	Uhde House, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra

Country :	India

Financials (as on) :	30.09.2011

Date of Incorporation :	23.12.1977

Com. Reg. No.:	11-020041

Capital Investment / Paid-up Capital :	Rs.29.440 Millions

CIN No.: [Company Identification No.]	U74200MH1977PTC020041

TAN No.: [Tax Deduction & Collection Account No.]	MUMU00244G

PAN No.: [Permanent Account No.]	AAACU1416H

Legal Form :	Private Limited Liability Company

Line of Business :	Designing and Construction of Chemicals and Fertilizer Plants.

No. of Employees :	1000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING

STATUS

PROPOSED CREDIT LINE

56-70

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

Maximum Credit Limit :	USD 6300000

Status :	Good

Payment Behaviour :	Regular

Litigation :	Clear

Comments :	Subject is an old and well established company having fine track. The company has recorded a slight growth in its sales turnover and profitability during the year 2011. Trade relations are reported as decent. Business is active. Payments are reported to be regular and as per commitments. The company can be considered good 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

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	A+ [Long Term]
Rating Explanation	Adequate degree of safety and low credit risk.
Date	28.09.2012

Rating Agency Name	CRISIL
Rating	A1 [Short Term]
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	28.09.2012

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

INFORMATION DENIED BY

Name :	Mr. Janiya
Designation :	Accountant
Contact No.:	91-22-25968000

LOCATIONS

Registered/ Head Office :	Uhde House, LBS Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India
Tel. No.:	91-22-25968000/ 25968551/ 267968581/ 67968000
Fax No.:	91-22-25784327/ 25780210
E-Mail :	gr.prabhu@thyssenkrupp.com uhde@vsnl.com uhdein@vsnl.com uilfn@mu.kud.thyssenkrupp.com uhdein@thyssenkrupp.com vk.joshi@thyssenkrupp.com uil.mktg@thyssenkrupp.com viswanathan.s@thyssenkrupp.com balbir.tathgir@thyssenkrupp.com leroy.santos@thyssenkrupp.com
Website :	http://www.uhdeindia.com
Area :	7 Staryed Building
Location :	Owned

Factory :	3^rd Floor, Duggal Plaza, 692A/3C, Prem Nagar, Bibwewadi Road, Pune – 411037, Maharashtra, India
Tel. No.:	91-20-66081100
Fax No.:	91-20-66081300

DIRECTORS

AS ON 16.03.2012

Name :

Dr. Michael Johannes Thieman

Designation :

Chairman cum Managing Director

Address :

Flat No. 409/410, Samudra Mahal Premises CHS Limited, Dr. A B Road, Worli , Mumbai – 400 018, Maharashtra, India

Date of Birth/Age :

25.08.1946

Date of Appointment :

01.10.2009

DIN No. :

00061988

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	Company/ LLP Status	Defaulting status
1	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Director	01/10/2009	15/08/1993	Active	NO
2	U74999MH1947PTC005508	THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED	Alternate director	13/11/2007	13/05/2004	Active	NO
3	U27100MH2000PTC127807	THYSSENKRUPP ELECTRICAL STEEL INDIA PRIVATE LIMITED	Director	30/11/2007	30/11/2007	Active	NO

Name :

Mr. Benno Hans Lueke

Designation :

Managing Director

Address :

Karl Halle Strasse 94 Hagen, Hegen, Germany-58097

Date of Birth/Age :

13.02.1952

Date of Appointment :

01.10.2009

DIN No. :

02634507

Other Directorship :

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

Company/ LLP Status

Defaulting status

U74200MH1977PTC020041

UHDE INDIA PRIVATE LIMITED

Managing director

01/10/2009

01/09/2009

Active

U74999MH1992GAP066130

THE COUNCIL OF EU CHAMBERS OF COMMERCE IN INDIA

Director

29/07/2011

Active

Name :	Dr. Iddya Dayasagar
Designation :	Whole Time Director
Address :	B 401, Daffodil, Hiranandanmi Gardens, Powai , Mumbai – 400 076, Maharashtra, India
Date of Birth/Age :	09.05.1949
Date of Appointment :	01.071998
DIN No. :	00020614

Name :

Mr. Suresh Narsappa Talwar

Designation :

Alternate Director

Address :

10 Shiv Shanti Bhuvan 146 MK Road, Churchgate Reclamation , Mumbai – 400 020, Maharashtra, India

Date of Birth/Age :

21.11.1937

Date of Appointment :

05.12.2004

DIN No. :

00001456

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	U23200MH1980PTC022646	MOLY COLLOIDS PRIVATE LIMITED	Director	16/05/1980	16/05/1980	12/07/2007	Dormant	NO
2	U15430MH1948PLC006457	CADBURY INDIA LIMITED	Director	02/03/1981	02/03/1981	31/03/2011	Active	NO
3	U29196MH1981PTC024115	EMERSON PROCESS MANAGEMENT (INDIA) PRIVATE LIMITED	Director	25/03/1981	25/03/1981	22/12/2011	Active	NO
4	L29224TN1954PLC000318	CARBORUNDUM UNIVERSAL LIMITED	Director	08/06/1983	08/06/1983	24/07/2008	Active	NO
5	L99999MH1967PLC013726	MERCK LIMITED	Director	17/01/1984	17/01/1984	-	Active	NO
6	U92110MH1944PTC004242	TWENTIETH CENTURY FOX CORPORATION (INDIA) PRIVATE LIMITED	Director	06/02/1985	06/02/1985	-	Strike off	NO
7	L28920MH1949PLC006870	BLUE STAR LIMITED	Director	17/06/1986	17/06/1986	-	Active	NO
8	L99999MH1982PLC026903	SHRENUJ AND COMPANY LIMITED	Director	30/12/1988	30/12/1988	-	Active	NO
9	U32104KL1981PLC003348	FCI OEN CONNECTORS LIMITED	Alternate director	26/03/2012	20/02/1989	-	Active	NO
10	U29299PN1960PTC011751	SANDVIK ASIA PRIVATE LIMITED	Director	29/03/1989	29/03/1989	-	Active	NO
11	U63070MH1991PTC060790	S AND M AGENCIES PRIVATE LIMITED CN	Director	22/03/1991	22/03/1991	-	Active In Progress	NO
12	U65920MH1995PTC092440	ROMIL FINANCE AND INVESTMENT PRIVATE LIMITED	Director	23/03/1996	23/03/1996	-	Dissolved	NO
13	U65993MH1996PTC102162	DECAGON INVESTMENTS PRIVATE LIMITED	Director	14/10/1996	14/10/1996	-	Active	NO
14	U65923MH1996PTC104084	SIDHAM FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	22/03/1997	22/03/1997	-	Active	NO
15	U67120MH1998FTC113138	SCHENECTADY (INDIA) HOLDINGS PRIVATE LIMITED	Alternate director	31/07/1998	31/07/1998	23/01/2009	Amalgamated	NO
16	L65920MH1994PLC080220	TRANSWARRANTY FINANCE LIMITED	Alternate director	27/12/1999	27/12/1999	-	Active	NO
17	L72200MH1997PLC110459	BLUE STAR INFOTECH LIMITED	Director	21/01/2000	21/01/2000	-	Active	NO
18	U65991MH2000PTC126846	INDIA VALUE FUND TRUSTEE COMPANY Private LIMITED	Director	18/11/2009	17/07/2000	-	Active	NO
19	U74140KA2000PTC027640	SWISS RE SHARED SERVICES (INDIA) PRIVATE LIMITED	Director	18/08/2000	18/08/2000	-	Active	NO
20	U22990MH1998PTC115305	MORGAN STANLEY INDIA COMPANY PRIVATE LIMITED	Director	21/06/2001	21/06/2001	27/10/2008	Active	NO
21	U28920MH1999PTC119104	ARMSTRONG WORLD INDUSTRIES (INDIA) PRIVATE LIMITED	Director	11/07/2001	11/07/2001	-	Active	NO
22	U99999MH2000PLC128110	BIRLA SUN LIFE INSURANCE COMPANY LIMITED	Director	11/09/2001	11/09/2001	-	Active	NO
23	L24200MH2000PLC123813	SOLVAY PHARMA INDIA LIMITED	Director	16/10/2001	16/10/2001	-	Amalgamated	NO
24	U74300MH1987PTC044227	REDIFFUSION DENTSU YOUNG AND RUBICAM PRIVATE LIMITED	Director	06/12/2001	06/12/2001	-	Active	NO
25	U99999MH1963PLC012674	SI GROUP - INDIA LIMITED	Alternate director	22/01/2008	01/01/2002	22/01/2009	Active	NO
26	U24240MH1995PTC086243	PZ CUSSONS INDIA PRIVATE LIMITED	Alternate director	03/08/2012	07/05/2002	-	Active	NO
27	L72200MH1994PLC082110	SONATA SOFTWARE LIMITED	Director	30/10/2002	30/10/2002	-	Active	NO
28	U67200MH2002PTC137954	AON GLOBAL INSURANCE BROKERS PRIVATE LIMITED	Director	24/02/2003	24/02/2003	11/10/2010	Active	NO
29	U66030TN2001PLC047977	CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LIMITED	Director	14/04/2003	14/04/2003	20/03/2008	Active	NO
30	L24234KA1978PLC003417	BIOCON LIMITED	Director	17/05/2003	17/05/2003	-	Active	NO
31	U92110MH2003PTC142309	SHOWDIFF WORLDWIDE PRIVATE LIMITED	Director	21/01/2004	21/01/2004	22/02/2010	Active	NO
32	L24222PN1956PLC134746	ELANTAS BECK INDIA LIMITED	Director	01/06/2009	05/07/2004	-	Active	NO
33	L99999MH1946PLC004768	LARSEN AND TOUBRO LIMITED	Director	06/07/2004	06/07/2004	-	Active	NO
34	L85190MH1947PLC005963	WYETH LIMITED	Director appointed in casual vacancy	20/03/2009	15/09/2004	26/10/2009	Active	NO
35	L99999MH1922PLC000987	GREAVES COTTON LIMITED	Director	01/10/2004	01/10/2004	-	Active	NO
36	L25209MH1976PLC018939	GARWARE WALL ROPES LIMITED	Alternate director	02/12/2011	04/12/2004	-	Active	NO
37	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Alternate director	16/09/2011	05/12/2004	-	Active	NO
38	U92110MH2003PTC141168	WARNER BROS PICTURES (INDIA) PRIVATE LIMITED	Director	20/01/2005	20/01/2005	-	Active	NO
39	L24110MH1965PLC013331	RHODIA SPECIALTY CHEMICALS INDIA LIMITED	Alternate director	14/02/2005	14/02/2005	-	Active	NO
40	U72200MH2005PTC153209	EPITOME GLOBAL SERVICES PRIVATE LIMITED	Director	11/05/2005	11/05/2005	-	Active	NO

Name :

Mr. Rajendra Ambalal Shah

Designation :

Alternate Director

Address :

Panorama 2^nd Floor, 203 Walkeshwar Road, Teenbatti, Mumbai – 400 006, Maharashtra, India

Date of Birth/Age :

07.07.1931

Date of Appointment :

25.06.2004

DIN No. :

00009851

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	L24239MH1964PLC012971	PROCTER AND GAMBLE HYGIENE AND HEALTH CARE LIMITED	Director	20/07/1964	20/07/1964	-	Active	NO
2	L24231MH1950PLC008311	PFIZER LIMITED	Director	09/11/1965	09/11/1965	-	Active	NO
3	L33112MH1943FLC003972	BASF INDIA LIMITED	Director	24/04/1968	24/04/1968	-	Active	NO
4	L16004MH1936PLC008587	GODFREY PHILLIPS INDIA LMITED	Director	07/06/1969	07/06/1969	-	Active	NO
5	L24110MH1947PLC005719	PIRAMAL ENTERPRISES LIMITED	Director	12/04/1978	12/04/1978	21/12/2011	Active	NO
6	L17120MH1879PLC000037	THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED	Director	04/12/1979	04/12/1979	-	Active	NO
7	L24121MH1979PLC021360	DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION LIMITED	Director	26/12/1979	26/12/1979	-	Active	NO
8	L24239MH1944PLC007330	ABBOTT INDIA LIMITED	Director	21/02/1983	21/02/1983	-	Active	NO
9	L24200MH1937PLC002700	COLGATE-PALMOLIVE (INDIA) LIMITED	Director	23/05/1983	23/05/1983	-	Active	NO
10	U29100MH1987PTC045610	PRECISION VALVE (INDIA) PRIVATE LIMITED	Director	16/12/1987	16/12/1987	-	Active	NO
11	U74999MH1994PTC077533	ROCHE PRODUCTS (INDIA) PRIVATE LIMITED	Director	05/04/1994	05/04/1994	-	Active	NO
12	U29120MH1998PTC114081	PREVAL PUMPS AND ACCESSORIES (INDIA) PRIVATE LIMITED	Director	20/03/1998	20/03/1998	-	Active	NO
13	L24220MH1945PLC004598	ASIAN PAINTS LIMITED	Director	07/04/2001	07/04/2001	-	Active	NO
14	U72200DL1973PLC110617	MODI CARE LIMITED	Director	02/09/2003	02/09/2003	-	Active	NO
15	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Alternate director	06/12/2003	06/12/2003	-	Active	NO
16	U24130MH2005PLC152467	BASF POLYURETHANES INDIA LIMITED	Alternate director	19/01/2010	28/07/2005	-	Amalgamated	NO
17	L24100MH1983PLC029442	LUPIN LIMITED	Director	25/07/2006	19/10/2005	-	Active	NO
18	L26940MH1936PLC002515	ACC LIMITED	Director	24/01/2006	24/01/2006	-	Active	NO
19	L99999GJ1975PLC002859	ATUL LIMITED	Alternate director	11/02/2006	11/02/2006	-	Active	NO
20	L24110MH1956PLC010806	CLARIANT CHEMICALS (INDIA) LIMITED	Director	01/04/2006	01/04/2006	-	Active	NO

Name :	Mr. Vijayan Thekke Konnanath
Designation :	Whole Time Director
Address :	B 406, Sunrise, Raheja Vihar Off Chandivli Farm Roiad, Powai, Mumbai-400072, Maharashtra, India
Date of Birth/Age :	10.06.1950
Date of Appointment :	01.07.1998
DIN No. :	00020591

Name :	Mr. Raghavan Sethuraman
Designation :	Whole Time Director
Address :	10/25, Saraswat Colony, Santacruz (West), Mumbai – 400 054, Maharashtra, India
Date of Birth/Age :	19.03.1950
Date of Appointment :	01.07.2003
DIN No. :	00020632

Name :	Mr. Jayant Ranchhoddas Shah
Designation :	Director
Address :	20 CCI Chambers, Dinshaw Wachha Road, Mumbai – 400 020, Maharashtra, India
Date of Birth/Age :	16.02.1925
Date of Appointment :	23.12.1977
DIN No. :	00020723

Name :

Mr. Bansidhar S Mehta

Designation :

Alternate Director

Address:

5^th Floor, Maheshwari Mansions, 34, Napean Sea Road, Mumbai-400006, Maharashtra, India

Date of Birth/ Age:

19.09.1935

Date of Appointment:

20.06.2009

DIN No. :

00035019

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	L24304PN1965PLC139075	CENTURY ENKA LIMITED	Director	13/02/1978	13/02/1978	-	Active	NO
2	L24239MH1964PLC012971	PROCTER AND GAMBLE HYGIENE AND HEALTH CARE LIMITED	Director	11/10/1979	11/10/1979	-	Active	NO
3	L31300MH1946PLC005017	BHARAT BIJLEE LIMITED	Director	26/09/1986	26/09/1986	-	Active	NO
4	L70100MH1977PLC019916	HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED	Director	14/06/1988	14/06/1988	-	Active	NO
5	L24100MH1986PLC039837	VINYL CHEMICALS (INDIA) LIMITED	Director	11/04/1989	11/04/1989	08/10/2007	Active	NO
6	L65999MH1986PLC147981	IL AND FS INVESTMENT MANAGERS LIMITED	Director	28/10/1989	28/10/1989	-	Active	NO
7	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	13/11/1991	13/11/1991	-	Active	NO
8	L99999GJ1975PLC002859	ATUL LIMITED	Director	16/04/1992	16/04/1992	-	Active	NO
9	L25100MH1958PLC011041	CEAT LIMITED	Director	23/09/1996	23/09/1996	-	Active	NO
10	L24100MH1969PLC014336	PIDILITE INDUSTRIES LIMITED	Director	25/07/2000	25/07/2000	-	Active	NO
11	L72100KA1989PLC014226	SASKEN COMMUNICATION TECHNOLOGIES LIMITED	Director	01/02/2001	01/02/2001	-	Active	NO
12	L24390MH1976PLC019380	J B CHEMICALS AND PHARMACEUTICALS LIMITED	Director	08/03/2002	08/03/2002	-	Active	NO
13	U99999MH1986PLC040298	SBI CAPITAL MARKETS LIMITED	Director	18/09/2003	18/09/2003	-	Active	NO
14	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Alternate director	20/06/2009	26/02/2005	-	Active	NO
15	L28931RJ1984PLC002890	GILLETTE INDIA LIMITED	Director	26/10/2005	26/10/2005	-	Active	NO
16	L24110MH1956PLC010806	CLARIANT CHEMICALS (INDIA) LIMITED	Director	24/03/2006	24/03/2006	-	Active	NO
17	U28920PN1964PLC131374	CHEMETALL-RAI INDIA LIMITED	Alternate director	31/05/2007	31/05/2007	06/02/2008	Active	NO
18	U67120MH1995PLC095642	NATIONAL SECURITIES DEPOSITORY LIMITED	Director	13/08/2008	26/10/2007	-	Active	NO

Name :

Mr. Kunjjukuttan Trivikraman Thampi

Designation :

Director

Address :

F20, 501, Green Crest Yamuna Nagar, Andheri (W), Mumbai – 400053, Maharashtra, India

Date of Birth/Age :

15.08.1927

Date of Appointment :

01.01.1978

DIN No. :

00043445

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	Company/ LLP Status	Defaulting status
1	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Director	01/01/1978	01/01/1978	Active	NO
2	U74210MH1990PTC057764	PROCESS CONTROL TECHNOLOGY (INDIA) PRIVATE LIMITED	Director	20/06/1997	20/06/1997	Active	NO
3	U74210MH2008PTC181647	PIZO PROJECT AND ENGINEERING CONSULTANTS PRIVATE LIMITED	Additional director	02/02/2011	02/02/2011	Active	NO

Name :	Mr. Prakash Dinkar Sumudra
Designation :	Whole Time Director
Address :	108 Vidyut Dr. M B Raut Road, Shivaji Park, Dadar, Mumbai – 400028, Maharashtra , India
Date of Birth/Age :	05.07.1951
Date of Appointment :	01.07.1998
DIN No. :	00062355

Name :

Mr. Dara Nadirshaw Damania

Designation :

Director

Address :

11 Ahmed Abbas Road, Pune – 411 001, Maharashtra, India

Date of Birth/Age :

02.12.1936

Date of Appointment :

07.06.1996

DIN No. :

00403834

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	U74999MH1947PTC005508	THYSSENKRUPP INDUSTRIES INDIA PRIVATE LIMITED	Director	01/01/1978	01/01/1978	-	Active	NO
2	L29120MH1960PLC011635	K S B PUMPS LIMITED	Director	30/12/1981	30/12/1981	-	Active	NO
3	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	20/11/1984	20/11/1984	-	Active	NO
4	U74200MH1977PTC020041	UHDE INDIA PRIVATE LIMITED	Director	07/06/1996	07/06/1996	-	Active	NO
5	U34300TN1998PTC046810	JBM AUTO SYSTEM PRIVATE LIMITED	Director	08/06/1998	08/06/1998	23/04/2009	Active	NO
6	U24239DL1999PTC098162	THYSSENKRUPP ELEVATOR (INDIA) PRIVATE LIMITED	Director	25/09/2007	21/05/2007	-	Active	NO
7	U74900AP2008PTC060646	BERCO UNDERCARRIAGES (INDIA) PRIVATE LIMITED	Director	19/08/2008	19/08/2008	-	Active	NO
8	L29150PN1989PLC054143	SANGHVI MOVERS LIMITED	Director	24/07/2009	20/10/2008	-	Active	NO
9	U29268MH2010PTC205326	THYSSENKRUPP ENGINE COMPONENTS INDIA PRIVATE LIMITED	Director	02/08/2010	07/07/2010	-	Active	NO
10	U29220PN2011FTC139382	THYSSENKRUPP SYSTEM ENGINEERING INDIA PRIVATE LIMITED	Director	29/04/2011	29/04/2011	-	Active	NO
11	L40108PN1981PLC024153	FINOLEX INDUSTRIES LIMITED	Director	11/08/2012	29/07/2011	-	Active	NO

Name :	Mr. Jorg Schonewolf
Designation :	Director
Address :	Lautenhausen Dorf Strasse 21, Friedewald, Germany-57520
Date of Birth/Age :	18.01.1962
Date of Appointment :	01.05.2004
DIN No. :	00440853

Name :	Helmut Otto Knauthe
Designation :	Director
Address:	65843, Sulzbach (Taunus) Im Haindell 51 Germany 51
Date of Birth/ Age:	18.07.1958
Date of Appointment:	16.09.2011
DIN No. :	03554573

KEY EXECUTIVES

Name :	Mr. Gurpur Radhakrishna Prabhu
Designation :	Company Secretary
Address :	401/6 Ajangiri, Siddachal Apartment, Phase II, 2^nd Pokhran Road, Thane West, Mumbai – 400 601, Maharashtra, India
Date of Birth/Age :	03.08.1960
Date of Appointment :	08.03.2002
Pan No. :	AADPP0040N

Name :	Mr. Janiya
Designation :	Accountant

Name :	Mr. V. K. Joshi
Designation :	Head (Business Development)

Name :	Mr. S. Viswanathan
Designation :	Head (Procurement and Estimation)

Name :	Ms. Balbir Tathgir
Designation :	Senior Manager (Personnel and Human Resources)

Name :	Mr. Leroy Santos
Designation :	Senior Manager (Public Relations)

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 16.03.2012

Names of Shareholders		No. of Shares

Uhde GMBH, Germany		2368000
Kingfisher F Invest Industries Limited, India		256000
Anila Shah		62500
Jayant Shah		76800
Urmila Jayant Shah		76800
Ranjit Jayant Shah		76800
Mona Shah		25600
Shefali Rajendra Shah		1500

TOTAL		2944000

AS ON 16.03.2012

Equity Share Break up (Percentage of Total Equity)

Category		Percentage

Foreign holdings( Foreign institutional investor(s), Foreign Companies (s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others		80.43
Bodies corporate		8.69
Directors or relatives of Directors		10.88
TOTAL		100.00

BUSINESS DETAILS

Line of Business :

Designing and Construction of Chemicals and Fertilizer Plants.

Products :

· Nitric Acid

· Ammonia

· Ammonium Nitrate

· Ammonium Nitrophosphate and CAN

· Urea

· DAP/NPK

· Phosphoric Acid

· VCM

· Styrene Monomer

· PVC

· Polystyrene

· HDPE

· Polypropylene

· Polyols

· Ethylene Oxide

· Ethylene Glycol

· Ethyl Benzene

· Propylene Oxide

· VAM

· LAB

· Adipic Acid

· Formaldehyde

· Caustic Soda

· Chlorine

· Caustic Potash

· Membrane Cells Electrolysis Plants

· Chlorine Director-Oxide

· Spray Dried Silica

· Bleaching Powder

· Hydrogen Peroxide

· Poly Aluminium Chloride

· Zinc Smelting

GENERAL INFORMATION

No. of Employees :

1000 (Approximately)

Bankers :

· Deutsche Bank, Nariman Point, Mumbai, Maharashtra, India

· Union Bank of India

· State Bank of India

· Punjab National Bank

Banking Relations :	--

Auditors :
Name :	Price Waterhouse and Company Chartered Accountants
Address :	Plot No.Y-14, Block EP Sector V, Salt Lake Electronic Complex, Bidhan Nagar, Kolkata, West Bengal, India
Pan No. :	AAHFP0187A

Holding Company :	UHDE GMBH, Germany

Ultimate Holding Company:	Thyssenkrupp A.G., Germany

Fellow Subsidiaries :	· Thyssenkrupp USA Inc. · Thyssenkrupp Engineering Pty Limited · Thyssenkrupp Materials International GmbH · Thyssenkrupp Elevators (India) Company Limited · Thyssenkrupp ECE Elevators Private Limited · Uhde Engineering Consulting (Shanghai) company · Uhde Arabia Limited · Uhde Mexico S.A. de C.V. · Shedden Uhde Pty Limited · Thyssenkrupp PDNA Engineering (Pty) · Uhde Inventa Fischer GmbH. · Thyssenkrupp Engine Components (India) Private Limited CIN No.: U29268MH2010PTC205326 · Berco Undercarraiges (India) Private Limited CIN No.: U74900AP2008PTC060646 · Rothe Erde India Private Limited CIN No.: U27109MH2006PTC161325 · Thyssenkrupp Industries India Private Limited CIN No.: U74999MH1947PTC005508 · Thyssenkrupp Electricals Steel India Private Limited CIN No.: U27100MH2000PTC127807

CAPITAL STRUCTURE

AS ON 30.09.2011

Authorised Capital :

No. of Shares

Type

Value

Amount

3000000

Equity Shares

Rs.10/- each

Rs.30.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
2944000	Equity Shares	Rs.10/- each	Rs.29.440 millions

NOTES:

1. 2944000 fully paid equity Shares of Rs.10/- each include:

110890 Shares allotted for consideration other than cash
2806000 shares allotted bonus shares by capitalization of general reserve.

2. of the above, 2368000 equity shares are held by Uhde Gmbh Germany, the holding Company

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		30.09.2011	30.09.2010	30.09.2009
SHAREHOLDERS FUNDS
1] Share Capital		29.440	29.440	29.440
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1548.284	1190.842	839.462
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		1577.724	1220.282	868.902
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000

TOTAL		1577.724	1220.282	868.902

APPLICATION OF FUNDS

FIXED ASSETS [Net Block]		778.922	792.583	285.490
Capital work-in-progress		19.776	9.120	478.726

INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		143.037	83.531	127.365

CURRENT ASSETS, LOANS & ADVANCES
	Inventories	2.929	7.272	11.128
	Sundry Debtors	2119.520	931.843	604.217
	Cash & Bank Balances	1747.211	2874.346	1974.665
	Other Current Assets	207.521	150.993	54.053
	Loans & Advances	4364.728	1886.221	1583.029
Total Current Assets		8441.909	5850.675	4227.092
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	1497.700	865.885	903.930
	Other Current Liabilities	4563.528	3461.332	2333.727
	Provisions	1744.692	1188.410	1012.114
Total Current Liabilities		7805.920	5515.627	4249.771
Net Current Assets		635.989	335.048	(22.679)

MISCELLANEOUS EXPENSES		0.000	0.000	0.000

TOTAL		1577.724	1220.282	868.902

PROFIT & LOSS ACCOUNT

	PARTICULARS		30.09.2011	30.09.2010	30.09.2009
	SALES
		Turnover	5383.560	5093.334	3261.744
		Other Income	NA
		TOTAL	NA	5093.334	3261.744

Less	EXPENSES
		Office Expenses	NA	4300.312	2902.092
		Administrative Expenses
		Advertising Expenses
		TOTAL	NA	4300.312	2902.092

	PROFIT BEFORE TAX		791.740	793.022	359.652

Less	TAX		263.220	269.994	136.603

	PROFIT AFTER TAX		528.520	523.028	223.049

	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		167.400	66.020	66.300

	APPROPRIATIONS
		Transfer to General Reserve	250.000	250.000	120.000
		Interim Dividend	0.000	58.880	0.000
		Dividend	147.200	88.320	88.320
		Tax on Dividend	23.880	24.450	15.010
	BALANCE CARRIED TO THE B/S		274.840	167.398	66.020

	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA	792.064	944.024
	TOTAL EARNINGS		NA	792.064	944.024

	IMPORTS
		Raw Materials	NA	1337.275	377.025
		Capital Goods	NA	59.827	20.131
	TOTAL IMPORTS		NA	1397.102	397.156

	Earnings Per Share (Rs.)		179.52	177.66	75.76

KEY RATIOS

PARTICULARS		30.09.2011	30.09.2010	30.09.2009
PAT / Total Income	(%)	NA	10.27	6.84

Return on Total Assets (PBT/Total Assets}	(%)	8.59	11.94	7.93

Return on Investment (ROI) (PBT/Networth)		0.50	0.65	0.41

Debt Equity Ratio (Total Liability/Networth)		4.95	4.52	4.89

Current Ratio (Current Asset/Current Liability)		1.08	1.06	0.99

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	No
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	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	No
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) PAN of Proprietor/Partner/Director, if available	No
32) Date of Birth of Proprietor/Partner/Director, if available	Yes
33) Voter ID No of Proprietor/Partner/Director, if available	No
34) External Agency Rating, if available	Yes

PERFORMANCE DURING THE YEAR:

During the year the company received an order intake amounting to Rs.5859.710 Million. The Company achieved a turnover of Rs.5383.560 million, which has been the highest ever registered by the company. The profit after tax for the year stood at Rs.528.520 million, which is also the highest ever achieved by the Company. Considering the difficult economic environment that was prevalent throughout the year the overall performance of the Company during the year is quite satisfactory and we acknowledge the hard-work and the whole hearted co-operation that we received from the employees without which this would not have been possible.

The major contracts received during the year include DAP/NPK Plant for Coromandel International, 2X 5000 MT Ammonia Storage Tanks for Essar Projects, Sodium Chlorate Plant for GACL, three Caustic Soda Plants for companies of the Aditya Birla Group and Engineering Services for Coal Tar Filtration Plant in South Africa.

Some of the notable contracts which contributed to the Turnover during the year were the EPCM services for various units of Cuddalore Refinery of Nagarjuna Oil Corporation Limited, Engineering, Supply and Construction of Hydrogen Plant of Praxair, EPCM services for DHDT/VGO-HDT/HCDS Units of IOCL’s Paradip Refinery, PMC services for CCR/NHT units of BPCL Refinery and EPCM services for LAB expansion project of Farabi Petrochemicals in Saudi Arabia.

PROSPECTS:

High rate of Inflation and increase in interest rates on bank borrowings coupled with delay in decision making process in the Government Machinery has a negative impact on the Industrial Growth in the country. In September 2011 the country witnessed the lowest industrial growth in the last 2 years. Capital investment in new projects in the Chemical and Petrochemical sector are either shelved or considerably delayed. Lack of availability of sufficient Gas, which is the main feed stock for the fertilizer industry, has resulted into delay in implementation of major fertiliser projects in the Country. In order to overcome these adverse circumstances on which the Company has no control, the company has started concentrating in the export market. The organizational changes in the parent company on a Global scale will also enable the company to expand its market to the MENA region as your company has been nominated as the leader of the Market Cluster consisting of Middle East and North Africa by the parent Company. Favourable order back log situation will certainly help the company to do well in the adverse market conditions and barring unforeseen circumstances the company expects to increase its turnover and profit in the ensuing business year.

FIXED ASSETS:

TANGIBLE:

Freehold Land
Office Building
Residential Flats
Air Conditioner
Furniture
Office Equipments
Computers
Vehicles

INTANGIBLE:

Computer Software

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.52.75
UK Pound	1	Rs.85.07
Euro	1	Rs.69.04

INFORMATION DETAILS

Report Prepared by :

TPT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	---
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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		63

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.

MIRA INFORM REPORT

2.929

7.272

11.128

2119.520

931.843

604.217

1747.211

2874.346

1974.665

207.521

150.993

54.053

4364.728

1886.221

1583.029

8441.909

5850.675

4227.092

1497.700

865.885

903.930

4563.528

3461.332

2333.727

1744.692

1188.410

1012.114

7805.920

5515.627

4249.771

635.989

335.048

(22.679)

NA

10.27

6.84

8.59

11.94

7.93

0.50

0.65

0.41

4.95

4.52

4.89

1.08

1.06

0.99

Unit