MIRA INFORM REPORT

Report Date :

11.12.2013

IDENTIFICATION DETAILS

Name :	JAKSON LIMITED (w.e.f. 26.05.2010)
Formerly Known As :	JAKSONS LIMITED
Registered Office :	626, Sixth Floor, Tower - A, DLF Tower Jasola, New Delhi – 110044
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	13.07.1997
Com. Reg. No.:	55-088808
Capital Investment / Paid-up Capital :	Rs.2.500 Millions
CIN No.: [Company Identification No.]	U74899DL1997PLC088808
TAN No.: [Tax Deduction & Collection Account No.]	DELJ04447C
PAN No.: [Permanent Account No.]	AAACJ5347C
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Diesel Generator Sets.
No. of Employees :	Information declined by the management.

RATING & COMMENTS

MIRA’s Rating :

A (65)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well-established company having fine track record. The management has failed to file its financial with government department for the year 2013. However, the rating reflects the long track record and the experience of the promoters, its healthy financial profile marked by moderate profitability margins, favorable debt indicators and healthy cash and liquid investments. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular and as per commitment. The company can be considered 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 – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
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

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6  % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	CARE
Rating	AA (Long Term Bank Facilities)
Rating Explanation	High degree of safety and very low credit risk.
Date	12.04.2013

Rating Agency Name	CARE
Rating	A1+ (Short Term Bank Facilities)
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	12.04.2013

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 DECLINED BY

Name :	Mr. Rajan Bhasin
Designation :	Finance Head
Contact No.:	91-120-4302699
Date :	09.12.2013

LOCATIONS

Registered Office :	626, Sixth Floor, Tower - A, DLF Tower Jasola, New Delhi – 110044, India
Tel. No.:	91-11-65457615-17
Fax No.:	Not Available
E-Mail :	s.sundaresan@jakson.com anuj.dhiman@jakson.com pradeep.dhiman@jakson.com
Website :	www.jakson.com
Headquarter :	A-43, Phase II(Extension), Noida – 201305, Uttar Pradesh, India
Tel. No.:	91-120-4302600/ 4740233/ 4526100
Fax No.:	91-120-4302646
E-Mail :	info@jakson.com
Overseas Branch :	Located at: · Nepal (Kathmandu)

DIRECTORS

As on: 21.09.2012

Name :

Mr. Sameer Gupta

Designation :

Managing Director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

01.04.2007

DIN No.:

00513925

PAN No.:

AADPG8131D

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	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Managing director	02/03/2009	01/12/1989	-	Active	NO
2	U74899DL1988PTC032381	JAKSON GENERATORS PRIVATE LIMITED	Director	10/04/1993	10/04/1993	07/12/2013	Active	NO
3	U51219WB1995PTC067321	HEMANGI VYAPAR PVT.LTD.	Director	11/01/1995	11/01/1995	-	Active	NO
4	U70101WB1997PTC082732	SAND PROPERTIES PRIVATE LIMITED	Director	29/01/1997	29/01/1997	-	Active	NO
5	U74899DL1997PLC088808	JAKSON LIMITED	Managing director	01/04/2007	13/07/1997	-	Active	NO
6	U72900DL2004PTC183874	EMIRATES TECHNOLOGIES PRIVATE LIMITED	Director	29/03/2006	03/12/2004	-	Active	NO
7	U27104OR2004PLC007916	KONARK CONCAST AND POWER LIMITED	Director	17/12/2004	17/12/2004	09/07/2008	Active	NO
8	U45201DL2006PTC145579	KONARK BUILDWELL PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
9	U45201DL2006PTC145584	ASCOT PROJECTS PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
10	U45201DL2006PTC145580	ASCOT INFRASTRUCTURE PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
11	U52110WB1997PTC083501	GOODVIEW TRADING PRIVATE LIMITED	Director	02/08/2006	02/08/2006	-	Active	NO
12	U45200DL2006PTC156486	AARGEE CONTRACTS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	20/12/2010	Active	NO
13	U45400DL2007PTC163188	KONARK INFRAPROJECTS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	-	Active	NO
14	U51109GJ1991PLC057955	HANS ISPAT LIMITED	Director	25/12/2007	25/12/2007	29/01/2010	Active	NO
15	U70102DL2008PTC177094	EMIRATES INFRAPROJECTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
16	U70102DL2008PTC177097	EMIRATES INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	02/08/2011	Active	NO
17	U45201DL2005PTC139317	SARVAPRIYA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
18	U45201DL2005PTC139351	ROOPAK INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
19	U70101DL2005PTC134557	NISHTHA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
20	U45201DL2005PTC139340	POORTI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
21	U51909WB2005PTC103214	GODAVRI VANIJYA PRIVATE LIMITED	Director	06/10/2009	06/10/2009	-	Active	NO
22	U29220DL2010PTC201302	JAKSON ENTERPRISES PRIVATE LIMITED	Managing director	08/04/2010	08/04/2010	-	Active	NO
23	U70200DL2010PTC204902	AARGEE REALPROP PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
24	U70200DL2010PTC204894	AARGEE INFRAMART PRIVATE LIMITED	Director	28/06/2010	28/06/2010	-	Active	NO
25	U40101DL2011PTC220425	JAKSON POWER PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
26	U45400DL2011PTC220662	KONARK INFRABUILD PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
27	U45400DL2011PTC220660	KONARK HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
28	U45400DL2011PTC220659	KONARK RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
29	U45400DL2011PTC220658	KONARK DWELLING PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
30	U45400DL2011PTC220657	EMIRATES RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
31	U45400DL2011PTC220656	EMIRATES HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
32	U45400DL2011PTC220655	EMIRATES HABITAT PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
33	U55101DL2011PTC227949	Jakson Hospitality Private Limited	Director	25/11/2011	25/11/2011	-	Active	NO
34	U70109DL2012PTC243047	ZEST INFRATECH PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
35	U45400DL2012PTC243040	ECO TOWERS PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
36	U45200DL2013PTC249959	ZEST VILLAS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
37	U45200DL2013PTC249949	ZEST RESIDENCY PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
38	U45204DL2013PTC249946	KONARK DWELLTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
39	U45400DL2013PTC249936	KONARK RESIDWELL PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
40	U45400DL2013PTC249934	KONARK HEIGHTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
41	U45400DL2013PTC251342	ZEST HEIGHTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
42	U45400DL2013PTC251339	ASCOT BUILDTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
43	U45200DL2013PTC251422	ZEST DWELLINGS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
44	U45400DL2013PTC251361	ZEST GREEN PROJECTS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
45	U45200DL2013PTC252712	ASCOT GREEN PROJECTS PRIVATE LIMITED	Director	25/05/2013	25/05/2013	-	Active	NO
46	U40300DL2013PTC254987	JAKSON SOLAR PRIVATE LIMITED	Director	05/07/2013	05/07/2013	-	Active	NO
47	U40300DL2013PTC254961	JAKSON ENERGY PRIVATE LIMITED	Director	05/07/2013	05/07/2013	-	Active	NO
48	U70102DL2013PTC261658	ZEST HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO
49	U70102DL2013PTC261656	ZEST DWELLTECH PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO
50	U70102DL2013PTC261654	ASCOT HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO

Name :

Mr. Satish Kumar Gupta

Designation :

Director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

13.07.1997

DIN No.:

00513975

PAN No.:

AAAHS3497R

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	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Managing director	01/04/2011	16/01/1981	-	Active	NO
2	U74899DL1997PLC088808	JAKSON LIMITED	Director	13/07/1997	13/07/1997	-	Active	NO
3	U70102DL2008PTC177097	EMIRATES INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	02/08/2011	Active	NO
4	U70102DL2008PTC177094	EMIRATES INFRAPROJECTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
5	U65990MH1994PTC077115	KALPESHA INVESTMENTS PRIVATE LIMITED	Director	12/01/2009	12/01/2009	-	Active	YES

Name :

Mr. Sundeep Gupta

Designation :

Whole-time director

Address :

19/49, Punjabi Bagh, New Delhi - 110026, India

Date of Appointment :

01.04.2007

DIN No.:

00514034

PAN No.:

AADPG8124E

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	U74899DL1988PTC032381	JAKSON GENERATORS PRIVATE LIMITED	Director	10/04/1993	10/04/1993	07/12/2013	Active	NO
2	U51219WB1995PTC067321	HEMANGI VYAPAR PVT.LTD.	Director	11/01/1995	11/01/1995	-	Active	NO
3	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	01/10/1996	01/10/1996	-	Active	NO
4	U70101WB1997PTC082732	SAND PROPERTIES PRIVATE LIMITED	Director	29/01/1997	29/01/1997	-	Active	NO
5	U74899DL1997PLC088808	JAKSON LIMITED	Whole-time director	01/04/2007	13/07/1997	-	Active	NO
6	U72900DL2004PTC183874	EMIRATES TECHNOLOGIES PRIVATE LIMITED	Director	03/12/2004	03/12/2004	-	Active	NO
7	U27104OR2004PLC007916	KONARK CONCAST AND POWER LIMITED	Director	17/12/2004	17/12/2004	09/07/2008	Active	NO
8	U45201DL2006PTC145579	KONARK BUILDWELL PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
9	U45201DL2006PTC145584	ASCOT PROJECTS PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
10	U45201DL2006PTC145580	ASCOT INFRASTRUCTURE PRIVATE LIMITED	Director	30/01/2006	30/01/2006	-	Active	NO
11	U52110WB1997PTC083501	GOODVIEW TRADING PRIVATE LIMITED	Director	02/08/2006	02/08/2006	-	Active	NO
12	U45200DL2006PTC156486	AARGEE CONTRACTS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	20/12/2010	Active	NO
13	U45400DL2007PTC163188	KONARK INFRAPROJECTS PRIVATE LIMITED	Director	09/05/2007	09/05/2007	-	Active	NO
14	U70102DL2008PTC177097	EMIRATES INFRASTRUCTURE PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
15	U70102DL2008PTC177094	EMIRATES INFRAPROJECTS PRIVATE LIMITED	Director	23/04/2008	23/04/2008	-	Active	NO
16	U45201DL2005PTC139317	SARVAPRIYA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
17	U45201DL2005PTC139351	ROOPAK INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
18	U70101DL2005PTC134557	NISHTHA REALTORS PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
19	U45201DL2005PTC139340	POORTI INFRASTRUCTURE PRIVATE LIMITED	Director	30/09/2008	19/08/2008	-	Active	NO
20	U51909WB2005PTC103214	GODAVRI VANIJYA PRIVATE LIMITED	Director	06/10/2009	06/10/2009	-	Active	NO
21	U29220DL2010PTC201302	JAKSON ENTERPRISES PRIVATE LIMITED	Managing director	08/04/2010	08/04/2010	-	Active	NO
22	U70200DL2010PTC204894	AARGEE INFRAMART PRIVATE LIMITED	Additional director	22/12/2010	22/12/2010	-	Active	NO
23	U70200DL2010PTC204902	AARGEE REALPROP PRIVATE LIMITED	Additional director	22/12/2010	22/12/2010	-	Active	NO
24	U40101DL2011PTC220425	JAKSON POWER PRIVATE LIMITED	Director	07/06/2011	07/06/2011	-	Active	NO
25	U45400DL2011PTC220662	KONARK INFRABUILD PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
26	U45400DL2011PTC220660	KONARK HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
27	U45400DL2011PTC220659	KONARK RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
28	U45400DL2011PTC220658	KONARK DWELLING PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
29	U45400DL2011PTC220657	EMIRATES RESIDENCY PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
30	U45400DL2011PTC220656	EMIRATES HEIGHTS PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
31	U45400DL2011PTC220655	EMIRATES HABITAT PRIVATE LIMITED	Director	09/06/2011	09/06/2011	-	Active	NO
32	U55101DL2011PTC227949	Jakson Hospitality Private Limited	Director	25/11/2011	25/11/2011	-	Active	NO
33	U70109DL2012PTC243047	ZEST INFRATECH PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
34	U45400DL2012PTC243040	ECO TOWERS PRIVATE LIMITED	Director	01/10/2012	01/10/2012	-	Active	NO
35	U45200DL2013PTC249959	ZEST VILLAS PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
36	U45200DL2013PTC249949	ZEST RESIDENCY PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
37	U45204DL2013PTC249946	KONARK DWELLTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
38	U45400DL2013PTC249936	KONARK RESIDWELL PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
39	U45400DL2013PTC249934	KONARK HEIGHTECH PRIVATE LIMITED	Director	28/03/2013	28/03/2013	-	Active	NO
40	U45400DL2013PTC251342	ZEST HEIGHTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
41	U45400DL2013PTC251339	ASCOT BUILDTECH PRIVATE LIMITED	Director	01/05/2013	01/05/2013	-	Active	NO
42	U45200DL2013PTC251422	ZEST DWELLINGS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
43	U45400DL2013PTC251361	ZEST GREEN PROJECTS PRIVATE LIMITED	Director	02/05/2013	02/05/2013	-	Active	NO
44	U45200DL2013PTC252712	ASCOT GREEN PROJECTS PRIVATE LIMITED	Director	25/05/2013	25/05/2013	-	Active	NO
45	U40300DL2013PTC254987	JAKSON SOLAR PRIVATE LIMITED	Director	05/07/2013	05/07/2013	-	Active	NO
46	U40300DL2013PTC254961	JAKSON ENERGY PRIVATE LIMITED	Director	05/07/2013	05/07/2013	-	Active	NO
47	U70102DL2013PTC261658	ZEST HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO
48	U70102DL2013PTC261656	ZEST DWELLTECH PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO
49	U70102DL2013PTC261654	ASCOT HEIGHTS PRIVATE LIMITED	Director	06/12/2013	06/12/2013	-	Active	NO

Name :

Mr. Sunil Kumar Narang

Designation :

Director

Address :

E-65, Sarita Vihar, New Delhi, 110044, India

Date of Appointment :

06.05.2005

DIN No.:

00514222

PAN No.:

AABPN7331C

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	U74899DL1995PTC074504	SAR LEASING PRIVATE LIMITED	Director	01/03/1997	01/03/1997	-	Active	NO
2	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	07/01/2005	07/01/2005	-	Active	NO
3	U74899DL1997PLC088808	JAKSON LIMITED	Director	06/05/2005	06/05/2005	-	Active	NO
4	U45200DL2006PTC156486	AARGEE CONTRACTS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	18/05/2011	Active	NO
5	U29220DL2010PTC201302	JAKSON ENTERPRISES PRIVATE LIMITED	Additional director	02/04/2012	02/04/2012	-	Active	NO

Name :

Mr. Dhananjay Prabhakar Nadkarni

Designation :

Director

Address :

B-1/1, Suman Nagar, Sion Trombay Road, Chembur, Mumbai - 400071, Maharashtra, India

Date of Appointment :

06.05.2002

DIN No.:

00514296

PAN No.:

ABOPN2959A

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	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	01/10/1996	01/10/1996	-	Active	NO
2	U74899DL1997PLC088808	JAKSON LIMITED	Director	06/05/2002	06/05/2002	-	Active	NO

Name :

Sundaresan Subramanian

Designation :

Director

Address :

D-208, Anand Lok Society, Mayur Vihar Phase-I, Delhi - 110091, India

Date of Appointment :

21.09.2012

DIN No.:

05358742

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	U74210DL1981PLC011261	JAKSON ENGINEERS LIMITED	Director	21/09/2012	02/04/2012	-	Active	NO
2	U74899DL1997PLC088808	JAKSON LIMITED	Director	21/09/2012	02/04/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Rajan Bhasin
Designation :	Finance Head

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 21.09.2012

Names of Shareholders	No. of Shares
S K Gupta	99510
Sameer Gupta	50210
Sundeep Gupta	50210
D P Nadkarni	10
Savita Gupta	50010
Bhawana Gupta	10
Anita Gupta	10
Total	249970

Equity Share Break up (Percentage of Total Equity)

As on: 21.09.2012

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Diesel Generator Sets.

Products :

Product	ITC Code
DG SETS	85013120

GENERAL INFORMATION

No. of Employees :

Information declined by the management.

Bankers :

· HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

· Syndicate Bank, G.B. Road, New Delhi - 110006, India

· Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
SHORT TERM BORROWINGS
Rupee term loans from banks	105.717	0.000
Total	105.717	0.000

Banking Relations :	--
Auditors :
Name :	A.K. Batra and Associates Chartered Accountants
Address :	A-36, First Floor, Rajouri Garden, New Delhi-110027, India
PAN No.:	AAAFA7179A
Other related parties :	· Jakson Engineers Limited CIN No.: U74210DL1981PLC011261 · Jakson Enterprises · Ascot Infrastructure Private Limited CIN No.: U45201DL2006PTC145580 · Emirates Technologies Private Limited CIN No.: U72900DL2004PTC183874 · Hemangi Vyapar Private Limited CIN No.: U51219WB1995PTC067321 · Sand Properties Private Limited CIN No.: U70101WB1997PTC082732

CAPITAL STRUCTURE

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1000000	Equity Shares	Rs.10/- each	Rs.10.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
249970	Equity Shares	Rs.10/- each	Rs.2.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	2.500	2.500
(b) Reserves & Surplus	3789.556	3300.257
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000
Total Shareholders’ Funds (1) + (2)	3792.056	3302.757
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000
(b) Deferred tax liabilities (Net)	12.245	10.262
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	12.245	10.262
(4) Current Liabilities
(a) Short term borrowings	105.717	0.000
(b) Trade payables	1350.380	1597.137
(c) Other current liabilities	385.344	383.837
(d) Short-term provisions	151.720	200.295
Total Current Liabilities (4)	1993.161	2181.269
TOTAL	5797.462	5494.288
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	540.702	458.759
(ii) Intangible Assets	0.000	0.000
(iii) Capital work-in-progress	4.212	0.000
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	45.565	76.185
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	590.479	534.944
(2) Current assets
(a) Current investments	771.841	535.998
(b) Inventories	1483.407	1087.591
(c) Trade receivables	1983.726	1135.569
(d) Cash and cash equivalents	367.448	637.875
(e) Short-term loans and advances	580.428	1560.486
(f) Other current assets	20.133	1.825
Total Current Assets	5206.983	4959.344
TOTAL	5797.462	5494.288

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		2.500
2] Share Application Money		0.000
3] Reserves & Surplus		2515.899
4] (Accumulated Losses)		0.000
NETWORTH		2518.399
LOAN FUNDS
1] Secured Loans		0.000
2] Unsecured Loans		0.000
TOTAL BORROWING		0.000
DEFERRED TAX LIABILITIES		12.772
TOTAL		2531.171
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		465.695
Capital work-in-progress		0.000
INVESTMENT		512.105
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	646.095
	Sundry Debtors	915.720
	Cash & Bank Balances	408.187
	Other Current Assets	27.641
	Loans & Advances	1574.018
Total Current Assets		3571.661
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1092.883
	Other Current Liabilities	820.217
	Provisions	105.190
Total Current Liabilities		2018.290
Net Current Assets		1553.371
MISCELLANEOUS EXPENSES		0.000
TOTAL		2531.171

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	7393.077	8312.685	6867.506
		Other Income	99.927	88.338	70.366
		TOTAL (A)	7493.004	8401.023	6937.872
Less	EXPENSES
		Cost of materials consumed	5996.696	6889.315	6088.578
		Employee benefit expense	256.571	215.353
		Other expenses	536.825	239.675
		TOTAL (B)	6790.092	7344.343	6088.578
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		702.912	1056.680	849.294
Less	FINANCIAL EXPENSES (D)		11.209	12.030	10.883
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		691.703	1044.650	838.411
Less/ Add	DEPRECIATION/ AMORTISATION (F)		52.627	55.861	40.020
	PROFIT BEFORE TAX (E-F) (G)		639.076	988.789	798.391
Less	TAX (H)		149.777	204.431	87.463
	PROFIT AFTER TAX (G-H) (I)		489.299	784.358	710.928
	Earnings Per Share (Rs.)		1957.43	3137.81	2844.05

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	6.53	9.34	10.25
Net Profit Margin (PBT/Sales)	(%)	8.64	11.89	11.62
Return on Total Assets (PBT/Total Assets}	(%)	11.03	18.00	19.78
Return on Investment (ROI) (PBT/Networth)		0.17	0.30	0.32
Debt Equity Ratio (Total Debt /Networth)		0.03	0.00	0.00
Current Ratio (Current Asset/Current Liability)		2.61	2.27	1.77

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	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	No
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

BUSINESS AND RESULTS TO OPERATION:

The Company’s Gross Income for the financial year ended March 31, 2012 decreased to Rs. 7493.004 Millions, from Rs. 8401.023 Millions in the previous year, registering a decrease of 10.81 %. The operating profit (PBDIT) of the Company decreased to Rs. 702.912 Millions during the year, from Rs. 1056.680 Millions in the previous year. Interest expenses for the year decreased to Rs. 11.209 Millions, from Rs. 12.030 Millions, in the previous year. Depreciation was at Rs. 52.627 Millions against Rs. 55.861 Millions in the previous year. The Company’s Net Worth as on March 31, 2011, stood at Rs. 3792.056 Millions, as against Rs. 3302.757 Millions last year.

During the F.Y 2011-12 company have an overseas branch in Nepal (Kathmandu). Further the accounts of the overseas branch are translated in the Indian books at a standard rate of Rs. 1.60.

INDEX OF CHARGES

S. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10147786	19/03/2009	450,000,000.00	STANDARD CHARTERED BANK	CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA	A58867466
2	10014843	17/07/2013 *	510,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA	B82941725
3	90035969	05/07/2012 *	1,654,000,000.00	Citibank N.A	Jeevan Bharti Building, 4th Floor, 124, Connaught  Circus, Connaught Place, New Delhi, Delhi - 110001, INDIA	B44807634

* Date of charge modification

FIXED ASSETS:

· Land

· Buildings

· Plant and equipment

· Furniture and fixtures

· Vehicles

· Computer equipments

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.61.21
UK Pound	1	Rs.100.65
Euro	1	Rs.84.15

INFORMATION DETAILS

Information Gathered by :	SVA
Report Prepared by :	RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	8
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	8
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	8
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	8
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		65

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.