MIRA INFORM REPORT

Report Date :

23.10.2012

IDENTIFICATION DETAILS

Name :	ELECTRONICA MACHINE TOOLS LIMITED
Registered Office :	608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, Maharashtra
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	24.06.1975
Com. Reg. No.:	11-018397
Capital Investment / Paid-up Capital :	Rs. 29.000 millions
CIN No.: [Company Identification No.]	L74999MH1975PTC018397
PAN No.: [Permanent Account No.]	AAACE4196L
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of All types of electronic, electro mechanical, electro-chemical instruments and devices, accessories and related instruments and parts
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (44)

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

Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory. Even though the company has achieved better sales during 2011, it has incurred minimal loss. However, networth of the company appears to be good. Trade relations are reported as decent. Business is active. Payments are reported to be usually correct. 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.

LOCATIONS

Registered Office/Factory :	608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, Maharashtra, India
Tel. No.:	91-2115-222612/13
Fax No.:	91-2115-222539
E-Mail :	kdk_emtl@electronicagroup.com emtp@electronicagroup.com eedm@electronicagroup.com vm@electronicagroup.com
Nationwide Sales & Service Network:	Located at · Pune · Faridabad · Ludhiana · Delhi · Kolkata · Coimbatore · Hyderabad · Kanpur · Mumbai · Chennai · Baroda · Bangalore
International Presence:	Located at · Brazil · Mexico · Australia · Argentina · Venezuela · Egypt · Hermakina · Germany · Vietnam · Thailand · United Arab Emirates · Russia · South Africa

DIRECTORS

As on 30.09.2011

Name :

Mr. Arun Kudale

Designation :

Director

Address :

Ravi Kiran, 60, ST Patricks Town, Pune Solapur Road, Hadpasar, Pune -411013, Maharashtra, India

Date of Birth/Age :

08.12.1947

Date of Appointment :

30.09.2010

Din No.:

00092685

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	U29219MH1989PTC052404	KUDALE INSTRUMENTS PVT LTD	Managing director	01/04/2010	29/06/1989	-	Active	NO
2	U73100MH1994PTC077234	KUDALE CALIBRATION LABORATORY PVT LTD	Managing director	22/03/1994	22/03/1994	-	Active	NO
3	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Director	30/09/2010	01/09/2010	-	Active	NO

Name :

Mr. Ravindra Ratnaparkhi

Designation :

Managing Director

Address :

Manohar, 11 Parijit Co-Operative Housing Society, Bibvewadi, Pune – 411 037, Maharashtra, India

Date of Birth/Age :

09.08.1942

Date of Appointment :

01.08.2010

Din No.:

00180669

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	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Managing director	01/08/2010	24/06/1975	-	Active	NO
2	U31909MH1981PTC024618	ELECTRONICA EXPORTS PVT LIMITED	Managing director	15/06/1981	15/06/1981	31/10/2010	Active	NO
3	U72300MH1983PTC029434	ELEKTRA DATA SYSTEMS PVT LIMITED	Director	28/02/1983	28/02/1983	29/08/2011	Active	NO
4	U65910PN1990PLC057017	ELECTRONICA FINANCE LIMITED	Director	26/06/1990	26/06/1990	20/12/2008	Active	NO
5	U65993MH1990PTC057044	SHIRAR INVESTMENT AND FINANCE PRIVATE LIMITED	Director	27/06/1990	27/06/1990	-	Active	NO
6	U31403MH1986PTC040814	ELECTRONICA MECHATRONIC SYSTEMS (INDIA) PRIVATE LIMITED	Director	04/11/1993	04/11/1993	29/08/2011	Active	NO
7	U72200PN1998PTC012922	EMS TECHNOLOGIES PRIVATE LIMITED	Director	01/10/1998	01/10/1998	18/10/2011	Active	NO
8	U74120PN2007PTC129476	ELECTRONICA FINSMART SOLUTIONS PRIVATE LIMITED	Director	15/01/2007	15/01/2007	16/09/2011	Active	NO
9	L27107MH2007PLC199080	ELECTRONICA TOUGH CARB LIMITED	Director	31/12/2009	28/11/2008	01/06/2011	Active	NO
10	L25200PN2007PLC131189	ELECTRONICA PLASTIC MACHINES LIMITED	Director	31/12/2009	28/11/2008	29/08/2011	Active	NO
11	U29299PN2007PLC130906	ELECTRONICA CNC MACHINING TECHNOLOGIES LIMITED	Director	20/12/2008	28/11/2008	10/08/2009	Active	NO

Name :

Mr. Deepak Shivnandanlal Shrivastava

Designation :

Whole Time Director

Address :

12, Hillrock Society, Behind Mahesh Society, Bibvewadi, Pune – 411 037, Maharashtra, India

Date of Birth/Age :

07.02.1955

Date of Appointment :

16.08.2010

Din No.:

00929668

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	U74140MH1989PTC050743	RATNAPARAKHI ELECTRONIC INDUSTRIES PRIVATE LIMITED	Director	31/03/2000	31/03/2000	14/08/2010	Active	NO
2	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Whole-time director	30/09/2010	16/08/2010	-	Active	NO
3	U29290MH1973GAP016420	INDIAN MACHINE TOOL MANUFACTURERS ASSOCIATION	Director	29/08/2012	29/08/2012	-	Active	NO

Name :

Ms. Bhavna Sharma

Designation :

Nominee Director

Address :

50, Vaishlai Apartment, IIT Campus, New Delhi -110016, India

Date of Birth/Age :

07.12.1967

Date of Appointment :

30.10.2010

Din No.:

00956209

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	U74999DL2000PLC103253	FOUR C PLUS (INTERNET) COMPANY LIMITED	Nominee director	02/12/2005	02/12/2005	23/06/2007	Active	NO
2	L17120MH1981PLC025388	POLYGENTA TECHNOLOGIES LIMITED	Nominee director	16/01/2007	16/01/2007	14/05/2007	Active	NO
3	U25111KL1986PLC004449	RADO TYRES LTD	Nominee director	08/09/2008	08/09/2008	14/12/2011	Active	NO
4	L74899DL1995PLC064215	MOHINDRA FASTENERS LIMITED	Nominee director	17/02/2009	17/02/2009	11/05/2011	Active	NO
5	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Nominee director	30/10/2010	30/10/2010	-	Active	NO
6	U34200DL2008PTC172214	CARNATION AUTO INDIA PRIVATE LIMITED	Nominee director	04/05/2011	04/05/2011	-	Active	NO
7	U74999DL2000PLC106206	SATYAM CINEPLEXES LIMITED	Nominee director	23/09/2011	17/06/2011	-	Active	NO
8	L29219AP1983PLC004319	LOKESH MACHINES LTD	Nominee director	30/09/2011	02/07/2011	-	Active	NO
9	U40200GJ2006PLC048397	SABARMATI GAS LIMITED	Director	29/09/2011	18/07/2011	-	Active	NO
10	U74899DL1994PTC060453	CENTURY METAL RECYCLING PRIVATE LIMITED.	Nominee director	20/10/2011	24/08/2011	18/05/2012	Active	NO
11	U24139GJ1994PLC023944	MARCK BIOSCIENCES LIMITED	Nominee director	03/05/2012	03/05/2012	-	Active	NO
12	U28910HP1989PLC008963	HIM TEKNOFORGE LIMITED	Nominee director	22/05/2012	22/05/2012	-	Active	NO

Name :

Mr. Ajay Laxman Bhave

Designation :

Director

Address :

Yashodhan1, 1411Prabhat Road.Deccan Gymjhana, Pune – 411004,Maharashtra, India

Date of Birth/Age :

28.09.1956

Date of Appointment :

29.09.2007

Din No.:

01846904

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	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Director	29/09/2007	25/07/2007	-	Active	NO
2	U40109PN2010PLC135785	PHADNIS POWER PROJECTS LIMITED	Additional director	12/05/2010	12/05/2010	-	Active	NO
3	U55101PN2006PLC128915	SAHIL HOSPITALITY LIMITED	Additional director	12/05/2010	12/05/2010	-	Active	NO
4	U70102PN2006PLC128911	PHADNIS PROPERTIES LIMITED	Additional director	12/05/2010	12/05/2010	-	Active	NO
5	U45204PN2009PLC135056	PHADNIS TELECOM LIMITED	Additional director	21/09/2010	21/09/2010	-	Active	NO
6	U45209PN2005PLC021262	PHADNIS INFRASTRUCTURE LIMITED	Additional director	21/12/2010	21/12/2010	-	Active	NO
7	U55101PN2003PLC018217	SAHIL RESORTS AND SPA INDIA LIMITED.	Additional director	31/12/2011	31/12/2011	-	Active	NO

Name :

Mr. Shiv Ravindra Ratnaparkhi

Designation :

Director

Address :

Manohar, 11 Parijit Co-Operative Housing Society, Bibvewadi, Pune – 411 037, Maharashtra, India

Date of Birth/Age :

29.11.1980

Date of Appointment :

19.08.2008

Din No.:

02288526

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	U29219PN2008PTC132640	ELECTRONICA METAFORMS PRIVATE LIMITED	Director	19/08/2008	19/08/2008	-	Active	NO
2	L74999MH1975PLC018397	ELECTRONICA MACHINE TOOLS LIMITED	Whole-time director	30/09/2010	16/08/2010	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Kiran Digambar Kulkarni
Designation :	Secretary
Date of Appointment :	30.09.1990
Pan No.:	ABRPK2103L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

SHARE HOLDING DETAILS ARE NOT AVAILABLE

As on 30.09.2011

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	0.01
Bodies corporate	29.97
Directors or relatives of directors	52.97
Other top fifty shareholders	4.41
Others	12.64
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Exporter of All types of electronic, electro mechanical, electro-chemical instruments and devices, accessories and related instruments and parts

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank Of India

· Cosmos Bank

· The United Western Bank Limited, Lokmanyanagar Branch, Pune - 411030, Maharashtra, India

Facilities :

Rs. In Millions

Secured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Non-convertible debentures secured	(A)150.000	0.000
Rupee term loans banks secured	(B)0.033	0.000
Working capital loans banks secured	(C)205.882	0.000
Total	355.915	0.000

(A) secured by pledge of 1485007 equity shares held by promoters at present. the debenures held by IFCI venture capital funds ltd will be secured by charge on the concerned assets.

(B) Secured by hypothecation of specific vehicle in gavor of cosmos co op bank Limited

(C) Working capital facilities are availed under consortium arrangement of State Bank Of India and Cosmos Bank. the same is secured by first charge on fixed and current assets of the company and personal guarantee of R K Ratnaparkhi md and R R Ratnaparkhi. additionally also secured by corporate guarantee of shirar investment and finance Private Limited and also by charge on certain land owned by company at saswad .and also a charge on land owned by Mrs R R Ratnaparkhi

Unsecured Loans	As on 31.03.2011 Rs. in millions	As on 31.03.2010 Rs. in millions
Deposits related parties unsecured	21.865	0.000
Deferred sales tax loan unsecured	12.501	0.000
Other debt unsecured	11.980	0.000
	46.346	0.000

Banking Relations :	--
Auditors :
Name :	G D Apte and Company Chartered Accountant
Address :	Pune ,Maharashtra, India
Pan No.:	AAHFG5198A
Related Party :	· Electronica · Shirar Investment and Finance Private Limited · Massive Engineering Private Limited · EMS Technology Private Limited · Electronica Exports Private Limited · Aditya Moulding · Electronica Finsmart Solution Private Limited · SAM Engineers

CAPITAL STRUCTURE

After 30.09.2011

Authorized Capital: Rs. 45.000 Millions

Issued, Subscribed & Paid-up Capital: 29.000 Millions

AS ON 31.03.2011

Authorized Capital:

No. of Shares	Type	Value	Amount
4470000	Equity Shares	Rs.10/- each	Rs.44.700 Millions
30000	Preference shares	Rs.10/- each	Rs.0.300 Million
	Total		Rs. 45.000 Millions

Issued, Subscribed & Paid-up Capital:

No. of Shares	Type	Value	Amount
2800000	Equity Shares	Rs.10/- each	(A)Rs.28.000 Millions

NOTE:

(A) This comprises 15505 shares issued for consideration other than cash in persuance of contacts. This also comprises 2388995 equity shares of Rs. 10 each issued as bonus shares

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		28.000	19.890	19.890
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		263.706	273.992	241.215
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		291.706	293.882	261.105
LOAN FUNDS
1] Secured Loans		355.915	0.000	272.448
2] Unsecured Loans		46.346	0.000	21.839
TOTAL BORROWING		402.261	0.000	294.287
DEFERRED TAX LIABILITIES		8.432	0.000	0.000
TOTAL		702.399	293.882	555.392
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		232.417	0.000	256.236
Capital work-in-progress		28.006	0.000	1.053
INVESTMENT		84.668	0.000	71.025
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	174.016	0.000	166.239
	Sundry Debtors	247.253	0.000	193.176
	Cash & Bank Balances	30.857	0.000	18.976
	Other Current Assets	0.000	0.000	0.633
	Loans & Advances	207.052	0.000	103.086
Total Current Assets		659.178	0.000	482.110
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	186.893	0.000	141.942
	Other Current Liabilities	82.110	0.000	113.090
	Provisions	32.867	0.000	0.000
Total Current Liabilities		301.870	0.000	255.032
Net Current Assets		357.308	0.000	227.078
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
Other Assers		0.000	293.882	0.000
TOTAL		702.399	293.882	555.392

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011
	SALES
		Income	797.929
		Other Income	17.134
		TOTAL	815.063
Less	EXPENSES
		Consumption materials changes inventories	497.957
		Manufacturing service costs	6.843
		Employee related expenses	155.406
		Administrative selling other expenses	92.023
		TOTAL	752.229
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		62.834
Less	FINANCIAL EXPENSES		28.631
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		34.203
Less/ Add	DEPRECIATION/ AMORTISATION		26.444
	PROFIT/ (LOSS) BEFORE TAX		7.759
	PRIOR PERIOD ITEMS BEFORE TAX		(4.472)
Less	TAX		4.160
	PROFIT/(LOSS) AFTER TAX		(0.873)
	EARNINGS IN FOREIGN CURRENCY		70.753
	IMPORTS		95.988
	Earnings Per Share (Rs.)		(0.31)

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009
	SALES
		Income	688.892	590.188
		Other Income	(0.362)	4.438
		TOTAL (A)	688.530	594.626
Less	EXPENSES
		Cost of material	420.508	369.817
		Employee Cost	100.277	113.481
		Establishment expenses	38.085	32.164
		Selling general and other expenses	35.800	58.903
		TOTAL (B)	594.670	574.365
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		93.860	20.261
Less	FINANCIAL EXPENSES (D)		27.498	35.314
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		66.362	(15.053)
Less/ Add	DEPRECIATION/ AMORTISATION (F)		19.750	26.243
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		46.612	(41.296)
Less	TAX (H)		7.544	4.936
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		39.068	(36.360)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		37.179	197.863
	TRANSFER TO RESULTANT COMPANY CONSEQUENT TO DEMERGER		0.000	(124.324)
Less	APPROPRIATIONS
		Transfer to General Reserve	3.159	0.000
	BALANCE CARRIED TO THE B/S		73.088	37.179
	EARNINGS IN FOREIGN CURRENCY		25.064	53.278
	IMPORTS		76.142	48.430
	Earnings Per Share (Rs.)		NA	NA

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	(0.11)	5.67	(6.11)
Net Profit Margin (PBT/Sales)	(%)	(0.97)	6.77	(6.99)
Return on Total Assets (PBT/Total Assets}	(%)	(0.87)	0.00	(8.55)
Return on Investment (ROI) (PBT/Networth)		(2.66)	0.16	(15.82)
Debt Equity Ratio (Total Liability/Networth)		2.41	0.00	1.99
Current Ratio (Current Asset/Current Liability)		2.18	0.00	2.12

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	No
8]	No. of employees	No
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	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	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	No
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

OPERATIONS

Financial performance during the year was affected due to increase in costs which could not be off seted by increased

CONTINGENT LIABILITY

Contingent Liability not provided for, in respect of: -

(Rs. in millions)

Particulars	31.03.2011	31.03.2010
Bank Guarantees	77.908	72.027
Income Tax	0.331	1.300
Pending C form collections	74.589	259.215
Corporate Guarantee Given to Massive Engineering Private Limited	31.500	Nil

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	L74999MH1975PLC018397
Name of the company	ELECTRONICA MACHINE TOOLS LIMITED
Address of the registered office or of the principal place of business in India of the company	608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, Maharashtra, India Email: kdk_emtl@electronicagroup.com
This form is for	Creation of charge
Type of charge	Immovable property
Particular of charge holder	Religare Finvest Limited D3, P3B, District Centre, Saket New Delhi – 110017, India Email: corporateaffairs@religare.com
Nature of instrument creating charge	Facility Agreement for loan of Rs 92.500 Millions /-[Loan + interest of Rs 182.496 Millions ] for immovable property as per terms of the agreement with Religare Finvest Limited attached alongwith the schedule and repayable in 120 equal monthly installments of Rs 1.521 Millions each at interest of 15.50%[20.00%-4.50%].
Date of instrument Creating the charge	28.04.2012
Amount secured by the charge	Rs. 92.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest Interest of 15.50%[20.00%-4.50%]. Term of Payment: 120 equal monthly installments of Rs 1520797/- each Margin nil Extent and operation of the charge 100%
Short particulars of the property charged (Including location of the property)	S No 691;H No A/1/2A Pune Satara Road; Near Rao Hospital; Bibewadi; Pune 411037

MILESTONES:

1973 : First Indigenous EDM

1978 : Technical know how from Swiss co.

1986 : First 4 axes CNC Wirecut EDM

: Export activity started

1990 : ZNC EDM launched

1992 : Know how for ‘PMAC’ from ‘Delta Tau’ USA

1994 : ISO 9001 Certification

: Participated in EMO Hannover

2001 : Started ‘Industrial Automation Division’

2003 : ‘Export Excellence Award’ from EEPC

2004 : ‘Export Excellence Award’ from EEPC

2007 : ‘Export Excellence Award’ from EEPC

2009 : High end CNC Wirecut EDM ‘ULTIMA’

2011 : ECM launched at IMTEX 2011

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 records 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.53.67
UK Pound	1	Rs.86.05
Euro	1	Rs.70.07

INFORMATION DETAILS

Report Prepared by :

NID

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	6
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	6
--CREDIT LINES	1~10	6
--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	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		44

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.