MIRA INFORM REPORT

Report Date :

04.02.2013

IDENTIFICATION DETAILS

Name :	AIMIL LIMITED
Formerly Known As :	MARUTI AUTOWAYS PRIVATE LIMITED
Registered Office :	A 8, Mohan Co Operative Industrial Estate, Mathura Road, New Delhi 110044
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.08.1972
Com. Reg. No.:	55-006093
Capital Investment / Paid-up Capital :	Rs.85.000 millions
CIN No.: [Company Identification No.]	U74899DL1972PLC006093
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturing and Trading of Scientific Instruments
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ba (54)

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

Maximum Credit Limit :	USD 1600000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track record. Financial position of the company appears to be sound. Fundamentals are strong and healthy. Trade relations are reported as decent. Business is active. Payments are reported to be regular and as per commitments. 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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	LONG TERM RATING : CRISIL BBB+
Rating Explanation	Moderate degree of safety and moderate credit risk
Date	14.08.2012

Rating Agency Name	CRISIL
Rating	SHORT TERM RATING : CRISIL A2
Rating Explanation	Strong degree of safety and low credit risk
Date	14.08.2012

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 / Factory / Corporate Office :	A 8, Mohan Co Operative Industrial Estate, Mathura Road, New Delhi 110044, India
Tel. No.:	91-11-30810213 / 30810200
Fax No.:	91-11-26950011 / 26440866
E-Mail :	dalveersingh@aimil.com info@aimil.com
Website:	www.aimil.com
Branch Office :	Mumbai Vadodara Indore Lucknow Guwahati Chandigarh Kochi Chennai Bangalore Hyderabad

DIRECTORS

AS ON 15.09.2012

Name :	Mr. Arvind Verma
Designation :	Managing Director
Address :	N-36, Greater Kailash Part I, New Delhi-110048, India
Date of Birth/Age :	15.05.1953
Date of Appointment :	18.08.1984
PAN No.:	ABSPV5720D
DIN No.:	00206073

Name :	Mrs. Neena Verma
Designation :	Whole-time Director
Address :	N-36, Greater Kailash Part I, New Delhi-110048, India
Date of Birth/Age :	09.12.1928
Date of Appointment :	07.02.1996
PAN No.:	AAGPV2638B
DIN No.:	00206174

Name :	Mrs. Vaneeta Kapur
Designation :	Director
Address :	C-5/33, Safdarjung Development Area, New Delhi-110016, India
Date of Birth/Age :	20.05.1956
Date of Appointment :	26.08.2002
DIN No.:	00511599

Name :	Mr. Vijay Mohan Sharma
Designation :	Whole-time Director
Address :	C-358, Vikas Puri, New Delhi-110018, India
Date of Birth/Age :	06.01.1939
Date of Appointment :	06.02.2008
PAN No.:	AOYPS3930D
DIN No.:	02057077
Name :	Mr. Arjun Malhotra
Designation :	Director
Address :	143, Golf Links, New Delhi-110003, India
Date of Birth/Age :	07.01.1949
Date of Appointment :	29.09.1997
DIN No.:	00177397

Name :	Mr. Shashi Kiran Gulhati
Designation :	Additional Director
Address :	140, Sunder Nagar, New Delhi-110003, India
Date of Birth/Age :	04.08.1941
Date of Appointment :	01.10.2008
DIN No.:	02446372

KEY EXECUTIVES

Name :	Dal Veer Singh
Designation :	Secretary
Address :	Plot No.344, Sector-21C, Faridabad-121005, Haryana, India
Date of Birth/Age :	13.08.1976
Date of Appointment :	06.07.2006
Pan No.:	BGIPS5482B

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 15.09.2012

Names of Equity Shareholders	No. of Shares
Arvind Verma and Neena Verma	3153199
Neena Verma and Arvind Verma	483852
Madan Lal Dhawan and Kusum Dhawan	100
Satinder Gulati	3067
H. C. Verma and Sons (HUF)	13987
Anju Uppal	920
A. Verma HUF	5957
Arvind Verma and Vaneeta Kapur	13833
Manjula Gulati and Madhuri Gulati	2242
Sushiela Chhabra	133
Kusum Dhawan and Madan Lal Dhawan	100
Neena Verma and Vaneeta Kapur	25500
Vaneeta Kapur and Deepak Kapur	7073
Vaneeta Kapur and Arvind Verma	3537
Harish Verma Foundation	100
Tia Dhawan	10
Arvind Verma	2936390
TOTAL (A)	6650000
Names of Preference Shareholders
Neena Verma	1680000
H. C. Verma and Sons (HUF)	120000
K. Abdul Adil	10000
Rajan K Pillai	10000
Sameer V Upadeo	10000
P S Radhakrishnan	10000
Neena Verma	10000
TOTAL (B)	1850000
TOTAL (A) + (B)	7500000

AS ON 15.09.2012

Equity Shares Break Up	Percentage
Directors or relatives of Directors	99.99
Other top fifty shareholders	0.01
TOTAL	100.00

BUSINESS DETAILS

Line of Business :

Manufacturing and Trading of Scientific Instruments

Products :

ITC Code	Product Descriptions
90158009	Manufacturer of Geotechnical Instruments
9027	Trading in Analytical Instruments
90304000	Trading in Test and Measuring Instruments

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

· State Bank of India, Commercial Branch, A-5, South Extension Part-I, New Delhi-110048, India

Facilities :

Secured Loan	Rs. In Millions 31.03.2012
Term Loan – From Banks	44.748
Working Capital Loans – From Banks	179.517
Loans Repayable on Demand – From Banks	30.298
Loans Repayable on Demand – From Others	93.000
Total	347.563

Secured Loan	Rs. In Millions 31.03.2011
Rupee term loans secured
Rupee term loans banks secured	4.923
Working capital loans secured
Working capital loans banks secured	215.007
Hire purchase installment payable secured	4.805
Total	224.735

Banking Relations :	--
Auditors :
Name :	S S Kothari Mehta and Company Chartered Accountants
Address :	146-149 Tribhuvan Complex, Ishwar Nagar, Mathura Road, New Delhi 110065, India
Tel. No.:	91-11-46708888
Fax No.:	91-11-66628889
Pan No.:	AABFS6730L
Joint Ventures :	Tinius Olsen (India) Private Limited Malvern Aimil (India) Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
7000000	Equity Shares	Rs.10/- each	Rs. 70.000 Millions
3000000	Preference Shares	Rs.10/- each	Rs. 30.000 Millions
	TOTAL		Rs. 100.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
6650000	Equity Shares	Rs.10/- each	Rs. 66.500 Millions
1850000	Preference Shares	Rs.10/- each	Rs. 18.500 Millions
	TOTAL		Rs. 85.000 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		85.000	75.000	75.000
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		315.807	260.286	203.579
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		400.807	335.286	278.579
LOAN FUNDS
1] Secured Loans		347.563	224.735	78.005
2] Unsecured Loans		112.813	106.517	81.275
TOTAL BORROWING		460.376	331.252	159.280
DEFERRED TAX LIABILITIES		12.677	0.858	1.365
TOTAL		873.860	667.396	439.224
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		228.502	124.077	93.488
Capital work-in-progress		0.568	0.000	0.000
INVESTMENT		42.652	25.508	7.259
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	342.332	292.461	177.867
	Sundry Debtors	594.960	494.551	446.886
	Cash & Bank Balances	27.573	28.482	25.965
	Other Current Assets	1.288	0.000	0.000
	Loans & Advances	123.833	47.693	37.624
Total Current Assets		1089.986	863.187	688.342
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	313.366	200.130	194.843
	Other Current Liabilities	158.025	105.415	101.648
	Provisions	16.457	39.831	53.374
Total Current Liabilities		487.848	345.376	349.865
Net Current Assets		602.138	517.811	338.477
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		873.860	667.396	439.224

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012
	SALES
		Income	1745.571
		Other Income	37.505
		TOTAL (A)	1783.076
Less	EXPENSES
		Cost of materials consumed	152.046
		Purchases of stock-in-trade	821.860
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(43.711)
		Employee benefit expense	398.669
		Expenditure on production, transportation and other expenditure pertaining to E & P activities	17.594
		Other Expenses	277.911
		TOTAL (B)	1624.369
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		158.707
Less	FINANCIAL EXPENSES (D)		62.225
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		96.482
Less/ Add	DEPRECIATION/ AMORTISATION (F)		14.906
	PROFIT BEFORE TAX (E-F) (G)		81.576
Less	TAX (H)		26.585
	PROFIT AFTER TAX (G-H) (I)		54.991
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		4.281
Less	APPROPRIATIONS
		Transfer to General Reserve	NA
		Dividend	1.480
		Tax on Dividend	0.240
	BALANCE CARRIED TO THE B/S		NA
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	NA
		Commission Earnings
		Other Earnings
	TOTAL EARNINGS		NA
	IMPORTS
		Raw Materials	NA
		Stores & Spares
		Capital Goods
		Others
	TOTAL IMPORTS		NA
	Earnings Per Share (Rs.)		9.00

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010
	SALES
		Income	1367.542	1100.056
		Other Income	102.233	99.799
		TOTAL (A)	1469.775	1199.855
Less	EXPENSES
		Cost of Materials	764.742	579.785
		Manufacturing Expenses	13.895	11.340
		Selling and Distribution Expenses	226.722	193.877
		Employees / Personnel Expenses	314.208	277.325
		TOTAL (B)	1319.567	1062.327
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		150.208	137.528
Less	FINANCIAL EXPENSES (D)		33.153	23.150
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		117.055	114.378
Less/ Add	DEPRECIATION/ AMORTISATION (F)		12.736	12.095
	PROFIT BEFORE TAX (E-F) (G)		104.319	102.283
Less	TAX (H)		36.042	36.537
	PROFIT AFTER TAX (G-H) (I)		68.277	65.746
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2.574	2.218
Less	APPROPRIATIONS
		Transfer to General Reserve	55.000	55.000
		Dividend	9.955	8.881
		Tax on Dividend	1.615	1.509
	BALANCE CARRIED TO THE B/S		4.281	2.574
	EARNINGS IN FOREIGN CURRENCY
		Export Earnings	2.135	3.522
		Commission Earnings	127.576	193.618
		Other Earnings	1.589	1.951
	TOTAL EARNINGS		131.300	199.091
	IMPORTS
		Raw Materials	NA	0.999
		Trading Goods	NA	405.509
	TOTAL IMPORTS		NA	406.508
	Earnings Per Share (Rs.)		11.78	12.97

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	3.08	4.65	5.48
Net Profit Margin (PBT/Sales)	(%)	4.67	7.63	9.30
Return on Total Assets (PBT/Total Assets}	(%)	6.19	10.57	13.08
Return on Investment (ROI) (PBT/Networth)		0.20	0.31	0.37
Debt Equity Ratio (Total Debt/Networth)		1.15	0.99	0.57
Current Ratio (Current Asset/Current Liability)		2.23	2.50	1.97

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	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	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

DETAILS OF UNSECURED LOAN

Particulars	Rs. In Millions 31.03.2012
Deposits – From Directors	4.500
Deposits – From Shareholders	16.258
Intercorporate Deposits	35.000
Public Deposits	57.055
Total	112.813

Particulars	Rs. In Millions 31.03.2011
Rupee term loans unsecured
Rupee term loans others unsecured	11.595
Foreign currency loans unsecured
Foreign currency loans others unsecured	4.969
Loans directors unsecured	14.000
Public deposits unsecured	55.011
Fixed deposits unsecured	19.718
Interest accrued due unsecured loans
Interest accrued due debentures unsecured	1.224
Total	106.517

OPERATIONS

The company had another good year with the business income going up by 20% as compared to the previous results. This improved performance is a combination if successful penetration of new sectors for their products. The company continues the policy if forging strategic alliances with overseas companies. During the year the company has entered into a Joint Venture with Pruftechnik Dieter Busch, AG, Germany under the name and style Preuftechnik Aimil Technical Services Private Limited.

FORM 8

Corporate identity number of the company	U74899DL1972PLC006093
Name of the company	AIMIL LIMITED
Address of the registered office or of the principal place of business in India of the company	A 8, Mohan Co Operative Industrial Estate, Mathura Road, New Delhi 110044, India E-mail Id : dalveersingh@aimil.com
This form is for	Modification of charge
Charge identification number of the charge to be modified	90040651
Type of charge	· Immovable property · Book debts · Movable property (not being pledge) · Floating charge · Others (Current and Fixed Assets)
Particular of charge holder	State Bank of India, Commercial Branch, A-5, South Extension Part-I, New Delhi-110048, India
Nature of instrument creating charge	C-2A ( Supplemental Agreement of Hypothecation of Goods and Assets for increase in the overall Limit ) C-5 (Letter regarding the Grant of Individual Limits within the overall limit ). Copy of recitals
Date of instrument Creating the charge	14.02.2012
Amount secured by the charge	Rs. 490.500 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest CC -Base Rate +3.25% TL-I-Base Rate +4.75% ,TL-II and III -Base Rate +4.25% or such other rate(s) specified by the bank from time to time interest will be charged on monthly basis. Terms of repayment Working Capital -On demand TL-I - will be repaid in 36 monthly installments TL-III(Fresh) - will be repaid in 25 monthly installments Interest on term loan will be charged as and when due. Margin RM-25% SIP-40% FG-30% Receivable -40% LC & BG Rs.10% TL-I 33.88% TL-III(Fresh)-34.68% CC(DOC.Bills ) -25% Extent and operation of the charge First pari-passu charge on entire current assets with Citi Bank First pari-passu charge on all the co's fixed assets with Citi Bank for their Working capital facilities of Rs. 110.000 Millions ( except those financed by SBI on which SBI will have exclusive charge ) Other Both way full interchangeability between LC and BG.
Short particulars of the property charged (Including location of the property)	WC:-First pari-passu hypothecation charge with Citi bank on entire current assets present and future , including stocks of raw-materials , stores , spares , stocks in process , finished goods including goods in transit and receivables / book-debts both present and future. First pari-passu charge with Citi Bank :- on all the fixed assets including following equitable mortgage of immovable properties :- (1.)EM of property flat situated at- 315,316, 3rd floor Swapanlok Complex S.D. Road Secundrabad (A.P.) with area of 1723 sq. ft. (2) EM of property flat situated at- 314 3rd floor, Swapanlok Complex S.D Road Secundrabad (A.P.) with area of 965 sq. ft. (3) EM of office No. 901 and 902 Gunjan Complex Alembic Growa Road Subhanpura Vadodara (Gujarat) with area of 3400 sq. ft. (4)EM of office situated at No. 6C and 6D on 6th floor at Shrachi Tower at Premises No.686 Anandpur ,EM by pass P.S. Kasba , Kolkata with area 3984 sq. ft. Term Loan :-(1) Exclusive charge on co's immovable property by way of EM situated at L-19 Phase-2 Dr. Vikram Sarabhai Instronics Estate Kottivakam Village Thiruvanmiyur, Chennai, (ii) Exclusive charge on co's immovable property by way of EM situated at building No.1101,1101M and 1101T BSEL Tech Park Vashi Navi Mumbai. (i) Extension of charge on Industrial Plot No. 8, Block-A, Mohan Co-op. Indl. Estate, Mathura Road, New Delhi with Area 2425.5 Sq yd. for term loan sanctioned to M/s NAIMEX EM of commercial property at No.88/1, Naimex House, outer ring road, Nagawara, Bangalore on pari passu charge basis with Citi Bank (Title deeds holders) Extension of second charge on entire current assets of the company both present and future
Particulars of the present modification	Credit Facilities sanctioned to the company now enhanced to Rs.490.500 Millions as under :- CC (Stocks) Rs.180.000 Millions, CC (Book-debts) Rs.(27.500) Millions CC (Bills) Rs.(5.000) Millions, CC( Cheques) Rs.(5.000) Millions TL-I Rs.32.000 Millions, TL-II Rs.54.500 Millions TL-III Rs.29.000 Millions (New) LC Rs.30.000 Millions One time LC Rs. 45.000 Millions BG Rs.90.000 Millions SLC WC Rs.30.000 Millions Total Rs.490.500 Millions

FIXED ASSETS

• Office Building
• Furniture and Fittings
• Plant and Machinery and Service Equipments
• Office Equipments
• Electrical Equipments
• Air Conditioner
• Refrigerators
• Motor Vehicles
• Computers

PRESS RELEASE

REPAIR WORK WHICH IS DONE WITHOUT FULLY UNDERSTANDING THE CAUSE OF THE PROBLEM IS LIKELY TO FAIL

JUNE 2012

Aimil has been at the forefront of instrumentation industry in India, providing the state-of-the-art Instruments and related services, since 1932. Aimil offers State-of-the-art instruments in the field of Civil Engineering, Electronics, Analytical and Industrial, Hygea Healthcare and Consultancy in the field of Civil Engineering, Noise and Vibration Engineering Services and Condition Monitoring Reliability Services.

Through its products, Aimil claims to bring leading edge technologies at the door steps of its customers, aiming at simplifying their needs, improving efficiency and optimizing the value proposition offered. It is an ISO 9001: 2008 certified company with all India network of nine offices staffed and managed by over 600 professionals. It is driven by highly trained and experienced personnel and offers an array of value added products and solutions, That is why it has been identified as the companies in the "Platinum League" in the nation by Indian Express.

Dr. Vijay Mohan Sharma, Executive Director, Aimil Limited is a graduate in Civil Engineering from Indian Institute of Technology, Kharagpur. He took his Master's degree in Water resources development from the University of Roorkee, Roorkee. He did his Ph D in Rock Mechanics from I.I.T., Delhi. He spent one year at the University of Alberta in Canada with Prof. Morgenstern under a UNDP Fellowship. He also spent about six months in U.K. at the Imperial College of Science and Technology, Building Research Establishment and Institute of Geological Sciences, London.

He started his professional career in the Year 1961 as a Designer of Dams with the Central Water and Power Commission, Government of India. In the Years 1972-73, he was on Deputation to the Kerala State Electricity Board as Executive Engineer and posted at the Idduki Project for about two years. On his return he was posted in the Central Soil and Materials Research Station, New Delhi. After working with the Government of India for about 34 years and having remained the Director of the Central soil and Materials Research station, for about six years he took voluntary retirement and started a technical Consultancy Division with AIMIL, a company which was well known in the field of Instrumentation. He has been working with the company for last 14 years and is presently one of its Directors.

Dr. Sharma has remained very active professionally. He has published about 250 papers and edited/co-edited nearly 10 books covering a variety of topics. Some of his books include 'In-situ Characterization of Rocks', 'In-situ Characterization of Soils', 'Distinct Modeling in Geomechanics', 'Dams-Accidents and Incidents', and ' Geotechnical Instrumentation'. Dr. Sharma has remained on the Editorial board of several prestigious technical journals, such as Materials and Structures of RILEM.

Dr. Sharma is a Donor Fellow of the Indian Geotechnical society. He has been its Honorary Secretary for a few Years and its President for one term. He was actively involved in the organization of the International Geotechnical Conference in the Year 1994 where he was in-charge of Technical Sessions and Tours outside Delhi. He is a Fellow of the Indian National Academy of Engineering. In short; Dr. Sharma has been working in the industry for a long time without losing touch with the academics. CEandCR editorial team got an opportunity to interact with Dr. Vijay Mohan Sharma to have an insight on the role of Non Destructive Testing in rehabilitation and repair of concrete structures.

On The Role of NDT In Rehabilitation And Repair of Concrete Structures

The role is very significant, for the simple reason that unless we know the root cause of the problem, we should not take up any repair or rehabilitation work. Repair work which is done without fully understanding the cause of the problem, is likely to fail and the problem will either persist or re-occur. The most commonly deployed methods for assessing the strength and the condition of concrete are the Rebound Hammer and the Ultrasonic Pulse Velocity. However, there are a whole lot of other methods which can be deployed depending on the problem and the structure. Some of these methods are based on Stress Wave Propagation or the Echo of the Impact on concrete. Acoustic Emission techniques are used when the structure is on the verge of failure. Electrical Resistivity and Half Cell Potential Measurements are useful in assessing the corrosion potential of the steel in reinforced concrete structures. Electromagnetic methods are useful in finding out the cover of reinforced concrete. Infrared Thermography is useful in delineating the imperfections and localized zones of high porosity in concrete. Tomography in general and x-ray tomography in particular is useful in locating the cracks and other imperfections, such as the areas where honeycombing has taken place.

Another application of NDT is in assessing the adequacy of repairs after they have been carried out. Comparison of parameters at the same location before and after repairs can give us an indication of the improvement in the properties of concrete. Incidentally, it can also be used to find out the rate at which the deterioration is taking place in a given concrete. Two locations can be marked - let us say on two opposite sides of a concrete column - and ultrasonic pulse velocity is measured say, every day initially and every week after one month. The results will show how the strength is increasing initially and then how it reduces over a long period of time.

On The Latest Developments Introduced By Aimil Limited In This Domain.

It is a well known fact that the rate of water absorption by capillary suction is a good measure of the quality of concrete and its potential durability when exposed to aggressive environment. Low values of absorption indicate that aggressive ions will have difficulty penetrating the concrete. Experimental research indicates that the water absorption values are reduced with decrease in water-cement ratio, increase in curing time and increase in the degree of consolidation.

In concrete, permeation of water is influenced by the volume and connectivity of capillary pores in the cement paste matrix. The air permeability of concrete increases when the moisture is eliminated, which in turn increases the connectivity of the pores. The water absorption also increases when the capillary pores are empty.

Therefore, at AIMIL we are trying to develop an instrument which will be able to measure the water absorption in concrete under field conditions. This will give us an indication of the durability and long term performance of concrete. This could be considered as one of the Non Destructive Method of assessing the Quality of Concrete.

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.53.32
UK Pound	1	Rs.84.60
Euro	1	Rs.72.63

INFORMATION DETAILS

Report Prepared by :

BSN

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	6
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--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	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		54

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.