MIRA INFORM REPORT

Report Date :

02.04.2013

IDENTIFICATION DETAILS

Name :	DEUSCH MOTOCOMP PRIVATE LIMITED (w.e.f. 08.06.2011)
Formerly Known As :	DEUSCH MEDIQUIP PRIVATE LIMITED
Registered Office :	E – 35, Green Park, New Delhi
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	30.12.1993
Com. Reg. No.:	55-056683
Capital Investment / Paid-up Capital :	Rs.2.500 Millions
CIN No.: [Company Identification No.]	U25203DL1993PTC056683
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacture of tooling, material and rubber compound development.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 58000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct ad as per commitment. The company can be considered for normal business dealings at usual trade terms and condition.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

LOCATIONS

Registered Office :	E – 35, Green Park, New Delhi, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	dmplnoida@yahoo.co.in sskatyalco@yahoo.co.in
Plant 1 :	47, Mahila Udyami Park 1, Ecotech III, Greater Noida – 201 303, Uttar Pradesh, India
Tel. No.:	91-120-6454690
Fax No.:	91-120-2350047
E-Mail :	info@dmplindia.com dmplnoida@yahoo.co.in
Plant 2 :	A – 82, Sector 57, Noida – 201 301, Uttar Pradesh, India

DIRECTORS

As on: 28.09.2012

Name :	Ms. Shobha Dhawan
Designation :	Director
Address :	F-9, Sector - 39, Noida – 201301, Uttar Pradesh, India
Date of Appointment :	30.12.1993
DIN No.:	01104683
Name :	Mr. Piyush Dhawan
Designation :	Director
Address :	F-9, Sector - 39, Noida – 201301, Uttar Pradesh, India
Date of Appointment :	15.07.1996
DIN No.:	01104736

BUSINESS DETAILS

Line of Business :

Manufacture of tooling, material and rubber compound development.

GENERAL INFORMATION

Customers :

· Hero Moto Comp

· LML Verspa

· J.K. Industries Limited (J.K. Tyres)

· Napino Auto and Electronics Limited

· Madhusudan Auto Limited

· Minda Industries Limited

· Denso India Limited

· Jindal Hydraulics

· Komal Metal Works

· Sandhar Locking Devices

· Motherson Sumni Systems Limited

· Saks Ancillaries

· Power Spack

· New Swan Components Private Limited

· Sibrama

· Aditya Promoters

· Samsung Electronics Limited

No. of Employees :

Not Available

Bankers :

· Small Industries Development Bank of India, Videocon Tower E-1, Rani Jhansi Road, Jhandewalan Extension, New Delhi – 110055, Delhi, India

· Punjab And Sind Bank, Nehru Place, New Delhi - 110019, Delhi, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWING
Term Loans
From SIDBI	10.453	8.018
lCICI Bank car loan	0.000	0.031
Kotak Mahindra Prime Limited	0.974	1.073
Term Loan from Banks	0.952	2.287
HDFC Bank (Zeeta car)	0.999	0.000
SHORT TERM BORROWING
Loans repayable on Demand from Banks Cash credit from Punjab and Sind Bank (Secured against Stock and Debts)	9.087	7.068
Total	22.465	18.477
Note: The Term Loom from Banks/institutions are secured Against Mortgage of factory budding and hypothecation of Plant and Machinery and other assets of the company.

Banking Relations :	--
Auditors :
Name :	S. S. Katyal and Company Chartered Accountants
Address :	202 Vishwadeep Building, District Centre Janak Puri, New Delhi – 110058, India
Tel. No.:	91-120-40502685
PAN No.:	AAPFS7049N

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
25000	Equity Shares	Rs.100/- each	Rs.2.500 Millions

Reconciliation of shares outstanding

Equity shares at the beginning of the period	25.000
Add:	-
Less:	-
Equity shares at the end of the period	25.000

Details of shareholders holding more than 5% shares

Name of the shareholder	No. of shares	% held
Shobha Dhawan	24.500	98.00
fofal	24.500	98.00

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		2.500	2.500	2.290
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		12.193	8.831	0.626
4] (Accumulated Losses)		0.000	0.000	6.024
NETWORTH		14.693	11.331	8.940
LOAN FUNDS
1] Secured Loans		22.465	18.477	14.812
2] Unsecured Loans		4.558	4.548	2.878
TOTAL BORROWING		27.023	23.025	17.690
DEFERRED TAX LIABILITIES		0.090	0.090	0.090
TOTAL		41.806	34.446	26.720
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		28.826	23.539	17.852
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	3.086	5.935	3.428
	Sundry Debtors	18.380	9.270	7.670
	Cash & Bank Balances	4.581	1.056	1.112
	Other Current Assets	3.319	3.132	0.000
	Loans & Advances	1.209	1.764	2.372
Total Current Assets		30.575	21.157	14.582
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	14.187	8.579	4.848
	Other Current Liabilities	2.348	0.817	0.263
	Provisions	1.060	0.854	0.603
Total Current Liabilities		17.595	10.250	5.714
Net Current Assets		12.980	10.907	8.868
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		41.806	34.446	26.720

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	62.610	38.370	33.974
		Other Income	4.757	3.618
		TOTAL	67.367	41.988	33.974
Less	EXPENSES
		Office Expenses	59.085	36.762	29.997
		Administrative Expenses
		Advertising Expenses
		TOTAL	59.085	36.762	29.997
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		8.282	5.226	3.977
Less/ Add	DEPRECIATION/ AMORTISATION		3.860	2.191	1.637
	PROFIT BEFORE TAX		4.422	3.035	2.340
Less	TAX		1.060	0.854	0.600
	PROFIT AFTER TAX		3.362	2.181	1.740
	Earnings Per Share (Rs.)		134.47	87.25	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	4.99	5.19	5.12
Net Profit Margin (PBT/Sales)	(%)	7.06	7.91	NA
Return on Total Assets (PBT/Total Assets}	(%)	7.44	6.79	7.21
Return on Investment (ROI) (PBT/Networth)		0.30	0.27	0.26
Debt Equity Ratio (Total Debt /Networth)		1.84	2.03	1.98
Current Ratio (Current Asset/Current Liability)		1.74	2.06	2.55

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	No
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	----------------------
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	No
17]	Major suppliers	No
18]	Major customers	Yes
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	----------------------
22]	Litigations that the firm / promoter involved in	----------------------
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	----------------------
26]	Buyer visit details	----------------------
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	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

UNSECURED LOAN:

(Rs. In Millions)

Particulars	As on 31.03.2012	As on 31.03.2011
LONG TERM BORROWING
Loans and advances from subsidiaries/holding company /associates /business ventures.
Mrs. Shobha Dhawan (Director)	2.434	1.968
Piyush Dhawan (Director)	0.793	1.405
Other Loam and advance
Dhriti Dhawan	0.261	0.105
Vijay Mishra	0.022	0.022
Security (1^st Floor)	0.200	0.200
Sadeep Shenghany (Security New)	0.848	0.848
Total	4.558	4.548

BANKERS CHARGES REPORT AS PER REGISTRY:

Corporate identity number of the company	U25203DL1993PTC056683
Name of the company	DEUSCH MOTOCOMP PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	E-35, Green Park, New Delhi, India dmplnoida@yahoo.co.in
This form is for	Creation of charge
Type of charge	Movable property (not being pledge)
Particular of charge holder	Small Industries Development Bank of India, Videocon Tower E-1, Rani Jhansi Road, Jhandewalan Extension, New Delhi – 110055, Delhi, India pushkar@sidbi.in
Nature of instrument creating charge	Deed of hypothecation dated 11.12.2012 executed in favour of SIDBI
Date of instrument Creating the charge	11.12.2012
Amount secured by the charge	Rs.4.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest 12.50% p.a. with monthly rests on the principal amount of Loan outstanding from time to time. Terms of Repayment The term loan shall be repaid in first 53 installments of Rs.0.083 Million each and the last i.e. 54th installment of Rs.0.101 Million commencing after 6 months from the date of first disbursement. Margin Rs.2.619 Millions shall be margin to be contributed by way of share capital of Rs.1.500 Millions including share premium and Rs.1.119 Millions out of internal accruals. Extent and Operation of the charge 1. First pari-passu charge with Punjab and Sind Bank by hypo on all the movable assets of the borrower, both present and future, including plant and mach, equipment, machinery spares, etc., (save and except current assets) acquired/to be acquired under the project assisted by SIDBI. 2.Extn of first pari passu charge with Punjab and Sind Bank by hypo on all the movable assets of the borrower, including plant and machinery, equipment, etc. (save and except current assets) secured under earlier loans.
Short particulars of the property or asset(s) charged (including complete address and location of the property)	1. First pari-passu charge with Punjab and Sind Bank by way of hypothecation on all the movable assets of the borrower, both present and future, including plant and machinery, equipment, machinery spares, tools and accessories, office equipment, computers, furniture and fixtures, miscellaneous fixed assets etc., (save and except current assets) acquired/to be acquired under the assisted by SIDBI. 2. Extension of first pari passu charge with Punjab and Sind Bank by way of hypothecation on all the movable assets of the borrower, including plant and machinery, equipment, machinery spares, tools and accessories, office equipment, computers, furniture and fixtures, miscellaneous fixed assets etc, (save and except current assets) secured under earlier term loans.

FIXED ASSETS:

· Land at Noda

· Building factory

· Plant and Machinery

· Car

· Cooler

· Computer

· Television

· Furniture

· Cycle

· Electrical Fittings

· Generator

· Fan

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.54.39
UK Pound	1	Rs.82.32
Euro	1	Rs.69.54

INFORMATION DETAILS

Report Prepared by :

RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--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	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
--DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.