MIRA INFORM REPORT

Report Date :

08.04.2013

IDENTIFICATION DETAILS

Name :	SUPER SCREWS PRIVATE LIMITED
Registered Office :	523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	25.05.1993
Com. Reg. No.:	55-053755
Capital Investment / Paid-up Capital :	Rs. 87.600 Millions
CIN No.: [Company Identification No.]	U74899DL1993PTC053755
TAN No.: [Tax Deduction & Collection Account No.]	DELS20472E
PAN No.: [Permanent Account No.]	AAACS4782Q
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer of Five vast fastener.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (45)

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

Maximum Credit Limit :	USD 960000
Status :	Satisfactory
Payment Behaviour :	Usually Correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. They appears slight dip in the profitability during the currect year. However, General financial position is good. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitment. The company can be considered normal for 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Term loan BB+
Rating Explanation	Have moderate risk of default regarding timely securing of financial obligation
Date	10.09.2012

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.

LOCATIONS

Registered Office :	523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	savita_trehan@yahoo.com
Website :	www.superscrews.com info@superscrews.com
Head Office :	Plot No.30, Sector 24, Faridabad -121005, Haryana, India
Tel. No.:	91-129-4029811 /12 / 13 /14
Fax No.:	91-129-2233810
E-Mail :	sspl@superscrews.com corporate@supercrews.com
Manufacturing Plants :	· Faridabad · Palwal · Bawal · Manesar

DIRECTORS

As on : 29.09.2012

Name :

Mr. Abhishek Kapoor

Designation :

Director

Address :

House No.1304, Sector-14, Faridabad-121005, Haryana, India

Date of Birth/Age :

31.08.1979

Date of Appointment :

01.04.2003

PAN No.:

AIBK5452H

DIN No.:

00251446

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	U74899DL1993PTC053755	SUPER SCREWS PRIVATE LIMITED	Director	01/04/2003	01/04/2003	-	Active	NO
2	U35122DL2007PTC168022	SUPER METRIC FASTENERS PRIVATE LIMITED	Managing director	11/09/2007	11/09/2007	-	Active	NO

Name :

Mr. Susham Kumar Kapoor

Designation :

Managing Director

Address :

House No.1304, Sector-14, Faridabad-121005, Haryana, India

Date of Birth/Age :

02.01.1955

Date of Appointment :

25.05.1993

PAN No.:

ABCPK4108N

DIN No.:

00251462

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	U74899DL1993PTC053755	SUPER SCREWS PRIVATE LIMITED	Director	25/05/1993	25/05/1993	-	Active	NO
2	U35122DL2007PTC168022	SUPER METRIC FASTENERS PRIVATE LIMITED	Director	11/09/2007	11/09/2007	-	Active	NO

Name :

Ms. Veena Kapoor

Designation :

Director

Address :

House No.1304, Sector-14, Faridabad-121005, Haryana, India

Date of Birth/Age :

06.11.1957

Date of Appointment :

25.05.1993

PAN No.:

AJBPK2581N

DIN No.:

00251469

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	U74899DL1993PTC053755	SUPER SCREWS PRIVATE LIMITED	Director	25/05/1993	25/05/1993	-	Active	NO
2	U35122DL2007PTC168022	SUPER METRIC FASTENERS PRIVATE LIMITED	Director	11/09/2007	11/09/2007	-	Active	NO

Name :

Mr. Samrat Kapoor

Designation :

Director

Address :

House No.1304, Sector-14, Faridabad-121005, Haryana, India

Date of Birth/Age :

28.07.1983

Date of Appointment :

01.04.2008

PAN No.:

ALOPK6995P

DIN No.:

02143436

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on : 29.09.2012

Names of Shareholders	No. of Shares
Abhishek Kapoor	1345200
Dinesh Kapoor	20000
Dorian Punj (NRO)	32000
M/s Insultec Internatinal Private Limited, India	80000
Mahesh Kumar Kapoor	4720
Pooja Kapoor	92000
Samrat Kapoor	1136080
Samridh Kapoor	396000
Susham Kumar Kapoor	3050000
M/s Tankaria Exports	40000
Veeena Kapoor	2564000
Total	8760000

Equity Share Break up (Percentage of Total Equity)

As on : 29.09.2012

Category	Percentage
Bodies corporate	1.36
Directors or relatives of Directors	98.27
Other top fifty shareholders	0.37
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer of Five vast fastener.
Products :	· Nuts · Bolts · Screws

GENERAL INFORMATION

Customers :

· Maruti Udyog Limited

· Hero Honda Motors Limited

· LG Electronics

· Tata Motors Limited

· JCB India Limited

· Denso India Limited

· Swaraj Mazda Limited

· Yamaha India

· Subros

· Delphi Automotive Systems

· Hero Motors

· Suzuki Motorcycle India Limited

· Mitsuba Sical

· Sanden Vikas

· Motherson Sumi Systems

· Tata Marcopolo Motors Limited

· Honda Motorcycle and Scooter India Private Limited

· Mahindra Two Wheelers Private Limited

· International Tractors Limited (Sonalika Group)

· Honda Siel Power Products Limited

· Keihin Fie Private Limited.

· Knorr- Bremse Group

· Varroc Group

· ASAHI India

No. of Employees :

Not Available

Bankers :

· CitiBank N. A, Jeevan Bharti Building, 4^th Floor, 124, Connaught Circus Place, New Delhi-110001, India

· State Bank of India, SIB Branch, 65, Neelam Bata Road, Faridabad-121001, Haryana, India

Facilities :

SECURED LOAN	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Term Loans	115.272	79.258
Other Loans and advances	116.678	88.677
Total	231.950	167.935

Auditors :
Name :	B. B. Mathur and Company Chartered Accountants
Address :	3/13-B, Asaf Ali Road, New Delhi-110002, Delhi, India
Tel. No.:	91-11-23284370
PAN No.:	AAAFB5685Q

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
10000000	Equity Shares	Rs. 10/-each	Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8760000	Equity Shares	Rs. 10/-each	Rs. 87.600 Millions

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		87.600	80.000	35.337
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		154.856	128.305	147.006
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		242.456	208.305	182.343
LOAN FUNDS
1] Secured Loans		231.950	167.935	237.532
2] Unsecured Loans		44.994	42.276	40.847
TOTAL BORROWING		276.944	210.211	278.379
DEFERRED TAX LIABILITIES		13.297	11.071	0.000
TOTAL		532.697	429.587	460.722
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		392.944	342.364	344.565
Capital work-in-progress		2.553	1.353	0.000
INVESTMENT		0.000	0.000	0.000
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	79.629	64.742	55.197
	Sundry Debtors	148.071	121.960	101.040
	Cash & Bank Balances	1.081	2.718	2.633
	Other Current Assets	0.205	0.092	0.000
	Loans & Advances	49.044	46.026	35.740
Total Current Assets		278.030	235.538	194.610
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	76.466	72.108
	Other Current Liabilities	50.352	60.303	70.979
	Provisions	14.012	17.257	7.565
Total Current Liabilities		140.830	149.668	78.544
Net Current Assets		137.200	85.870	116.066
MISCELLANEOUS EXPENSES		0.000	0.000	0.060
ACCRUED INTEREST		0.000	0.000	0.031
TOTAL		532.697	429.587	460.722

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	666.675	651.655	510.203
		Other Income
		TOTAL	666.675	651.655	510.203
Less	EXPENSES
		Office Expenses
		Administrative Expenses	626.002	602.960	478.986
		Advertising Expenses
		TOTAL	626.002	602.960	478.986
	PROFIT BEFORE TAX		40.673	48.695	31.217
Less	TAX		NA	16.734	10.641
	PROFIT AFTER TAX		NA	31.961	20.576
	Earnings Per Share (Rs.)		NA	4.00	5.82

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.00	4.90	4.03
Net Profit Margin (PBT/Sales)	(%)	6.10	7.47	6.12
Return on Total Assets (PBT/Total Assets}	(%)	6.06	8.43	5.79
Return on Investment (ROI) (PBT/Networth)		0.17	0.23	0.17
Debt Equity Ratio (Total Debt /Networth)		1.14	1.01	1.53
Current Ratio (Current Asset/Current Liability)		1.97	1.57	2.47

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	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	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]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN 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

UNSECURED LOAN :

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Term Loans	44.994	42.276
Total	44.994	42.276

Bankers Charges Report as per Registry:

Corporate identity number of the company	U74899DL1993PTC053755
Name of the company	SUPER SCREWS PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	523 Ansal Tower, 38 Nehru Place, Delhi-110019, Delhi, India Email: savita_trehan@yahoo.com
This form is for	Creation of charge
Type of charge	Immovable property Book debts Movable property (not being pledge)
Particular of charge holder	CitiBank N. A, Jeevan Bharti Building, 4^th Floor, 124, Connaught Circus Place, New Delhi-110001, India
Nature of instrument creating charge	Goods Security Agreement Loan Agreement for property mortgage.
Date of instrument Creating the charge	11.07.2012
Amount secured by the charge	Rs. 30.000 millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest: @ 13.00% per annum. Terms of repayment: Repayable on demand, Annually renewable. Margin: Borrower shall at all times during the continuance of the security maintain a sufficient amount to provide the margin of security as may from time to time advised by the bank. Extent and operation of the charge: First pari-passu charge by hypothecation of all the borrowers stocks and book debts forming part of its current assets, first exclusive charge by hypothecation of borrower's movable and non movable assets (including P and M, financed out of proceeds of TL) and second pari-passu charge by hypothecation of borrowers movable and non movable assets (including P and M, except those financed out of proceeds of TL) both present and future. AND First charge on mortgage property at GH-15,Sector-2,Bawal, Haryana, India Others: The repayment of all monies in respect of the banking facilities including outstanding balance and also all interests, costs charges expenses and other moneys payable to Citibank N.A as per GSA and LA attached is secured by the assets and property mentioned in the clause no. 13(d).
Short particulars of the property charged (Including location of the property)	1) First pari-passu charge by hypothecation of all the borrowers stocks and book debts forming part of its current assets, both present and future. 2) First exclusive charge by hypothecation of borrower's movable and non movable assets (including P&M, financed out of proceeds of TL), both present and future 3) Second pari-passu charge by hypothecation of borrowers movable and non movable assets (including P&M, except those financed out of proceeds of TL) both present and future. 4) First charge on mortgage property at GH-15, Sector-2, Bawal, Haryana, India

FIXED ASSETS

ü Land

ü Building

ü Electric Installations

ü Furniture and Fixture

ü Office Equipment

ü Plant and Machinery

ü Tools and Dies

ü Vehicle

FUTURE PROSPECTS:

The Directors are optimistic and are making their utmost efforts to achieve the high targets.

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 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. 54.88
UK Pound	1	Rs. 83.54
Euro	1	Rs. 70.90

INFORMATION DETAILS

Report Prepared by :

NIS

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	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		45

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.