1. Summary Information

		Country	India
Company Name	SMI Amtek Crankshaft Private Limited	Principal Name 1	Mr. Gautam Malhotra
Status	Moderate	Principal Name 2	Mr. Sanjay Tiku
		Registration #	55-039424
Street Address	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana, India
Established Date	31.08.2009	SIC Code	--
Telephone#	91-127-4244163	Business Style 1	Manufacturer
Fax #	91-127-4244395	Business Style 2	Selling
Homepage	http://www.amtek.com	Product Name 1	Crankshaft
# of employees	Not Available	Product Name 2	Stub Axle
Paid up capital	Rs.43,080,000 /-	Product Name 3	Axle Arm
Shareholders	Foreign holdings -50.00%, Bodies corporate- 50.00%	Banking	Axis Bank
Public Limited Corp.	No	Business Period	4 Years
IPO	No	International Ins.	--
Public Enterprise	No	Rating	B (32)
Related Company
Relation	Country	Company Name	CEO
Joint Ventures Company	Japan	Sumitomo Corporation	--
Note	--

2. Summary Financial Statement

Balance Sheet as of	31.03.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	549,941,000	Current Liabilities	151,090,000
Inventories	111,206,000	Long-term Liabilities	0,000
Fixed Assets	380,240,000	Other Liabilities	11,500,000
Deferred Assets	0,000	Total Liabilities	162,590,000
Invest& other Assets	326,831,000	Retained Earnings	1,162,548,000
		Net Worth	1,205,628,000
Total Assets	1,368,218,000	Total Liab. & Equity	1,368,218,000
Total Assets (Previous Year)	819,010,000
P/L Statement as of	31.03.2012		(Unit: Indian Rs.)
Sales	451,129,000	Net Profit	(46,887,000)
Sales(Previous yr)	341,990,000	Net Profit(Prev.yr)	(36,981,000)

MIRA INFORM REPORT

Report Date :

17.01.2013

IDENTIFICATION DETAILS

Name :	SMI AMTEK CRANKSHAFT PRIVATE LIMITED
Registered Office :	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	31.08.2009
Com. Reg. No.:	55-039424
Capital Investment / Paid-up Capital :	Rs.43.080 Millions
CIN No.: [Company Identification No.]	U34101HR2009PTC039424
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Seller of small sized forged crankshaft of specific engine capacity and such other forged products.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B (32)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 4800000
Status :	Moderate
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject is a joint venture between Amtek Auto Limited and Sumitomo Metal Industries Limited. It is an established company having a moderate track record. There appears some accumulated losses recorded by the company. However, networth of the company appears to be strong. Trade relations are reported to be fair. Business is active. Payments are slow but correct. The company can be considered for business dealings with some caution.

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 – September 30, 2012

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
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 :	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana, India
Tel. No.:	91-127-4244163
Mobile No.:	91-9254303970 (Mr. Ryosuke Nobuyoshi)
Fax No.:	91-127-4244395
E-Mail :	smi.amtek@rediffmail.com puranik@amtek.com ramesh.puranik@amtek.com dinesh.kumar@amtek.com
Website :	http://www.amtek.com

DIRECTORS

As on: 29.09.2012

Name :

Mr. Gautam Malhotra

Designation :

Additional Director

Address :

B-7, Geetanjali Enclave, New Delhi – 110017, India

Date of Appointment :

20.12.2010

DIN No.:

00157488

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	U65993DL1996PTC082102	W.L.D. INVESTMENTS PRIVATE LIMITED	Director	25/09/1996	25/09/1996	-	Active	NO
2	U45201DL2002PTC113851	INNOVATEIVE BUILD TECH PRIVATE LIMITED	Director	17/01/2002	17/01/2002	-	Active	NO
3	U67120CH1987PTC007850	ANUBHAV HOLDINGS PRIVATE LIMITED	Director	26/02/2003	26/02/2003	-	Active	NO
4	U17110MH1987PTC042675	KAMAKSHI SILK MILLS PRIVATE LIMITED	Director	24/07/2003	24/07/2003	-	Active	NO
5	L65993DL1989PLC035409	ALLIANCE INTEGRATED METALIKS LIMITED	Director	08/05/2004	08/05/2004	01/09/2011	Active	NO
6	U70101DL2005PTC135377	ZEALOUS DEVELOPERS PRIVATE LIMITED	Director	23/06/2005	23/06/2005	-	Active	NO
7	U70101DL2005PTC133236	JUVENILE ESTATE DEVELOPERS PRIVATE LIMITED	Director	25/06/2005	25/06/2005	-	Active	NO
8	L28910MH1977PLC019569	AHMEDNAGAR FORGINGS LIMITED	Director	30/12/2006	12/06/2006	-	Active	NO
9	L65921HR1983PLC033789	AMTEK INDIA LIMITED	Managing director	31/12/2008	31/01/2008	-	Active	NO
10	U74899DL1996PTC080538	ALLDERS KHANNAS INTERNATIONAL PRIVATE LIMITED	Director	19/08/2008	19/08/2008	15/02/2010	Active	NO
11	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20/12/2010	20/04/2010	-	Active	NO
12	U74899DL1994PTC060744	AISA INTERNATIONAL PRIVATE LIMITED	Additional director	01/07/2011	01/07/2011	-	Active	NO
13	U21014DL1996PTC077774	QUALITY PUBLICITY PRIVATE LIMITED	Additional director	01/07/2011	01/07/2011	-	Active	NO
14	U74899DL1994PLC062969	AMTEK LABORATORIES LIMITED	Additional director	01/07/2011	01/07/2011	-	Active	NO
15	U63090DL2011PTC226429	4A MULTIMODAL FREIGHT TERMINAL PRIVATE LIMITED	Director	18/10/2011	18/10/2011	-	Active	NO
16	U19201DL1998PTC094893	KINGS FOOTWEAR INDIA PRIVATE LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO
17	U92120DL1996PTC076424	TURJO ARTS PRIVATE LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO
18	U80903DL1999PTC101935	SPT INFOTECH PRIVATE LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO
19	U01122DL1996PTC075122	SHIVANI HORTICULTURE PRIVATE LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO
20	U70101DL1996PTC077106	FORBES BUILDERS PRIVATE LIMITED	Additional director	11/11/2011	11/11/2011	-	Active	NO
21	U34300DL1997PLC086695	AMTEK CRANKSHAFTS (INDIA) LIMITED	Additional director	10/10/2012	10/10/2012	-	Active	NO

Name :

Mr. Sanjay Tiku

Designation :

Additional Director

Address :

D-5/80, Sector 15, Rohini, Delhi – 110085, India

Date of Appointment :

20.12.2010

DIN No.:

00300566

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	U70101DL2005PTC133346	VIGIL REAL ESTATES PRIVATE LIMITED	Director	24/06/2005	24/06/2005	03/12/2007	Active	NO
2	U70101DL2005PTC132369	Perfection Estate Developers Private Limited	Director	25/06/2005	25/06/2005	-	Active	NO
3	U70101DL1997PTC088415	SUNTAX ESTATES PRIVATE LIMITED	Director	25/08/2005	25/08/2005	-	Active	NO
4	U74899DL1989PTC036393	SANDSTORM PROPERTIES PRIVATE LIMITED	Director	08/09/2005	08/09/2005	30/04/2007	Active	NO
5	U24232DL2005PTC137325	VELOCITY CHEMICALS PRIVATE LIMITED	Director	21/11/2005	21/11/2005	04/10/2007	Active	NO
6	U74899DL2005PTC143178	GOPAL KRISHAN BUILDPROP PRIVATE LIMITED	Director	06/12/2005	06/12/2005	-	Active	NO
7	U74899DL2005PTC143179	SAARTHI BUILDPROP PRIVATE LIMITED	Director	06/12/2005	06/12/2005	15/01/2010	Active	NO
8	U45201DL2005PTC143338	PRESTIGE BUILDCON PRIVATE LIMITED	Director	22/12/2005	22/12/2005	-	Active	NO
9	U74899DL2005PTC143339	PRIMUS REAL ESTATES PRIVATE LIMITED	Director	23/12/2005	23/12/2005	-	Active	NO
10	U45201DL2005PTC143983	SEVEN STAR REAL ESTATE PRIVATE LIMITED	Director	26/12/2005	26/12/2005	-	Active	NO
11	U74140DL2005PLC140221	SYMBIOS PERSONNEL ADVICES AND SERVICES LIMITED	Director	26/12/2005	26/12/2005	-	Active	NO
12	U45201DL2005PTC143340	REX BUILDERS PRIVATE LIMITED	Director	30/12/2005	30/12/2005	15/01/2010	Active	NO
13	U74899DL2005PTC143984	CHOICE MANAGEMENT CONSULTANTS PRIVATE LIMITED	Director	19/01/2006	19/01/2006	03/11/2008	Active	NO
14	U45201DL2005PTC143461	INDIGO BUILDCON PRIVATE LIMITED	Director	02/02/2006	02/02/2006	02/01/2010	Active	NO
15	U70101DL2006PTC146095	DHANPAT PROPERTIES PRIVATE LIMITED	Director	08/02/2006	08/02/2006	10/11/2007	Active	NO
16	U74140DL2006PTC145274	INDIGO MANAGEMENT CONSULTANCY PRIVATE LIMITED	Director	10/02/2006	10/02/2006	04/10/2007	Active	NO
17	U45201DL2006PTC145273	PHENOM DEVELOPERS PRIVATE LIMITED	Director	10/02/2006	10/02/2006	02/01/2010	Active	NO
18	U70101DL2006PTC146625	RUDRAKSH BUILDROP PRIVATE LIMITED	Director	21/02/2006	21/02/2006	03/12/2007	Active	NO
19	U45201DL2006PTC146809	SANGAM BUILDWELL PRIVATE LIMITED	Director	24/02/2006	24/02/2006	15/01/2010	Active	NO
20	U45201DL2006PTC146808	RISTA DEVELOPERS PRIVATE LIMITED	Director	24/02/2006	24/02/2006	03/12/2007	Active	NO
21	U45201DL2006PTC147429	PRAYSH BUILDTECH PRIVATE LIMITED	Director	13/03/2006	13/03/2006	04/05/2010	Active	NO
22	U45201DL2006PTC147430	DILKHUSH BUILDTECH PRIVATE LIMITED	Director	13/03/2006	13/03/2006	10/11/2007	Active	NO
23	U45201DL2006PTC147683	SONALI BUILDCON PRIVATE LIMITED	Director	17/03/2006	17/03/2006	10/11/2007	Active	NO
24	U70101DL2005PTC135377	ZEALOUS DEVELOPERS PRIVATE LIMITED	Director	26/06/2006	26/06/2006	-	Active	NO
25	U70109DL2006PTC151070	GARIMA BUILDPROP PRIVATE LIMITED	Director	04/08/2006	04/08/2006	01/04/2009	Active	NO
26	U70109DL2006PTC152747	BHAGIRATH BUILDCON PRIVATE LIMITED	Director	30/08/2006	30/08/2006	-	Active	NO
27	U70109DL2006PTC153015	AAKRITI BUILDPROP PRIVATE LIMITED.	Director	04/09/2006	04/09/2006	-	Active	NO
28	U70101DL2006PLC146097	LOTUS BUILDTECH LIMITED	Director	10/10/2006	10/10/2006	25/11/2010	Active	NO
29	U70109DL2006PTC155582	ARYAHI BUILDWELL PRIVATE LIMITED	Director	16/11/2006	16/11/2006	04/10/2007	Active	NO
30	U45200DL2006PTC156087	OURANI BUILDWELL PRIVATE LIMITED	Director	01/12/2006	01/12/2006	20/09/2010	Active	NO
31	U70101DL2006PTC148207	VAIRAGI REAL ESTATE PRIVATE LIMITED	Director	27/02/2007	27/02/2007	01/10/2008	Active	NO
32	U40109DL2006PLC154857	ALLIANCE HYDRO POWER LIMITED	Director	26/03/2007	26/03/2007	25/11/2010	Active	NO
33	U74120DL2007PTC162091	SOLUTION WITH STYLE CONSULTANTS PRIVATE LIMITED	Director	10/06/2007	10/06/2007	08/06/2011	Active	NO
34	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	30/09/2008	15/01/2008	01/10/2009	Active	NO
35	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Additional director	19/02/2008	19/02/2008	-	Active	NO
36	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Director	24/09/2009	17/08/2008	14/06/2011	Active	NO
37	U72900DL2000PTC103162	QUALITY ENABLED REMOTE SOLUTIONS PRIVATE LIMITED	Director	30/08/2008	30/08/2008	-	Active	NO
38	U27106DL2005PLC138437	AMTEK TEKFOR AUTOMOTIVE LIMITED	Director	30/09/2009	20/06/2009	-	Active	NO
39	U75220DL2009PLC197119	AMTEK DEFENCE TECHNOLOGIES LIMITED	Director	18/12/2009	18/12/2009	-	Active	NO
40	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20/12/2010	20/04/2010	-	Active	NO
41	U28991MP1984PLC002420	WHF PRECISION FORGINGS LIMITED	Additional director	14/05/2010	14/05/2010	10/12/2010	Active	NO
42	U35122DL2010PLC208017	AMTEK BRAKE SYSTEMS LIMITED	Director	08/09/2010	08/09/2010	-	Active	NO
43	U29220DL2010PLC208036	AMTEK HEAVY ENGINEERING INDUSTRIES LIMITED	Director	09/09/2010	09/09/2010	25/11/2010	Active	NO
44	U31500DL2010PTC210301	AMZEN TECHNOLOGIES PRIVATE LIMITED	Director	10/11/2010	10/11/2010	-	Active	NO
45	U29253DL2010PTC210299	AMZEN MACHINES PRIVATE LIMITED	Director	10/11/2010	10/11/2010	25/05/2011	Active	NO
46	U35990DL2010PTC210479	STELLAR SPECIALITY VEHICLES PRIVATE LIMITED	Director	16/11/2010	16/11/2010	-	Active	NO
47	U27100DL2010PLC210693	PRECISION IRON CASTING LIMITED	Director	23/11/2010	23/11/2010	-	Strike off	NO
48	U29220DL2010PLC210772	LOTUS AUTO ENGINEERING LIMITED	Director	25/11/2010	25/11/2010	-	Active	NO
49	U34300DL2010PLC210811	ARON AUTO LIMITED	Director	26/11/2010	26/11/2010	-	Active	NO
50	U34300DL2010PLC210810	STRIDE AUTOPARTS LIMITED	Director	26/11/2010	26/11/2010	-	Active	NO
51	U29256DL2010PLC210985	BAHL AUTOENGINEERING LIMITED	Director	01/12/2010	01/12/2010	-	Strike off	NO
52	L34300HR1968PLC004844	ROLLATAINERS LIMITED	Director	30/12/2010	02/12/2010	-	Active	NO
53	U34100DL2010PLC211091	ODISHA AUTO LIMITED	Director	06/12/2010	06/12/2010	-	Strike off	NO
54	U34300DL2010PLC211170	AQUA AUTOPARTS LIMITED	Director	07/12/2010	07/12/2010	-	Strike off	NO
55	U29130DL2010PLC211202	COMPAQ IRON CASTINGS LIMITED	Director	08/12/2010	08/12/2010	-	Strike off	NO
56	U70101DL2010PTC211201	MOZART INFRASTRUCTURE PRIVATE LIMITED	Director	08/12/2010	08/12/2010	-	Strike off	NO
57	U34300DL2010PLC211485	FINESSE HEAVYENGINEERING LIMITED	Director	16/12/2010	16/12/2010	-	Strike off	NO
58	U29292DL2011PLC212168	AQUA IRON CASTING LIMITED	Director	04/01/2011	04/01/2011	-	Strike off	NO
59	U34300DL2011PLC212478	BENSON AUTO COMPONENTS LIMITED	Director	12/01/2011	12/01/2011	-	Strike off	NO
60	L27102OR2006PLC008594	OCL IRON AND STEEL LIMITED	Director	28/09/2012	10/07/2012	-	Active	NO
61	U27109DL1962PLC003703	KARAM AUTO COMPONENTS LIMITED	Additional director	16/01/2013	16/01/2013	-	Active	NO

Name :

Mr. Avijit Banerjee

Designation :

Director

Address :

K-1995, Ground Floor, Chittaranjan Park, New Delhi, India

Date of Birth/Age :

29.10.1949

Date of Appointment :

31.08.2009

DIN No.:

01357534

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	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	23/12/2006	23/12/2006	-	Active	NO
2	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Additional director	19/02/2008	19/02/2008	-	Active	NO
3	U27100HR2008PLC040838	AMTEK TRANSPORTATION SYSTEMS LIMITED	Additional director	11/06/2008	11/06/2008	-	Active	NO
4	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Additional director	10/09/2008	10/09/2008	18/06/2009	Active	NO
5	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	31/08/2009	31/08/2009	-	Active	NO
6	U29246DL2007PLC171591	AMTEK RAILCAR LIMITED	Additional director	14/05/2010	14/05/2010	-	Active	NO
7	U29253DL2010PTC210299	AMZEN MACHINES PRIVATE LIMITED	Director	10/11/2010	10/11/2010	25/05/2011	Active	NO
8	U31500DL2010PTC210301	AMZEN TECHNOLOGIES PRIVATE LIMITED	Director	10/11/2010	10/11/2010	-	Active	NO
9	U35990DL2010PTC210479	STELLAR SPECIALITY VEHICLES PRIVATE LIMITED	Director	16/11/2010	16/11/2010	-	Active	NO
10	U29220DL2010PLC210772	LOTUS AUTO ENGINEERING LIMITED	Director	25/11/2010	25/11/2010	-	Active	NO
11	U34300DL2010PLC210966	KIZEN SPARE AUTOPARTS LIMITED	Director	01/12/2010	01/12/2010	-	Strike off	NO
12	U34300DL2010PLC211170	AQUA AUTOPARTS LIMITED	Director	07/12/2010	07/12/2010	-	Strike off	NO
13	U29130DL2010PLC211202	COMPAQ IRON CASTINGS LIMITED	Director	08/12/2010	08/12/2010	-	Strike off	NO
14	U27100DL2010PLC211374	ODISHA STEEL AND POWER LIMITED	Director	13/12/2010	13/12/2010	-	Strike off	NO
15	U34300DL2010PLC211485	FINESSE HEAVYENGINEERING LIMITED	Director	16/12/2010	16/12/2010	-	Strike off	NO
16	U70101DL2010PTC211637	UPMARK REAL ESTATES PRIVATE LIMITED	Director	21/12/2010	21/12/2010	-	Active	NO
17	U70200DL2010PTC211633	CONOISSEUR BUILDERS PRIVATE LIMITED	Director	21/12/2010	21/12/2010	-	Strike off	NO
18	U70102DL2010PTC211631	KIZEN BUILDTECH PRIVATE LIMITED	Director	21/12/2010	21/12/2010	-	Strike off	NO
19	U34100DL2010PLC211602	CONOISSEUR AUTO LIMITED	Director	21/12/2010	21/12/2010	-	Strike off	NO
20	U34100DL2010PLC211712	ARROW SPAREAUTO PARTS LIMITED	Director	23/12/2010	23/12/2010	-	Strike off	NO
21	U29292DL2011PLC212168	AQUA IRON CASTING LIMITED	Director	04/01/2011	04/01/2011	-	Strike off	NO
22	U34300DL2011PLC212478	BENSON AUTO COMPONENTS LIMITED	Director	12/01/2011	12/01/2011	-	Strike off	NO
23	U29300DL2011PTC219078	AMERTEC SYSTEMS PRIVATE LIMITED	Director	12/05/2011	12/05/2011	-	Active	NO
24	U29292DL2010PTC201301	INDRAPRASTA ENGINE PARTS PRIVATE LIMITED	Additional director	09/01/2012	09/01/2012	-	Active	NO
25	U60200DL2012PLC236448	Amtek Wagon Leasing Company Limited	Director	25/05/2012	25/05/2012	-	Active	NO
26	U62100DL2012PLC238221	Amtek Aerospace industries Limited	Director	28/06/2012	28/06/2012	-	Active	NO
27	L65993DL1989PLC035409	ALLIANCE INTEGRATED METALIKS LIMITED	Director	31/12/2012	16/07/2012	-	Active	NO
28	U29221DL2012PTC236706	EXON MACHINES PRIVATE LIMITED	Director	16/08/2012	16/08/2012	-	Active	NO

Name :

Mr. John Ernest Filintham

Designation :

Additional Director

Address :

The Grayes, Main Street, Cropthorne, Pershore, Worcestershire, WR103LU, United Kingdom

Date of Appointment :

20.12.2010

DIN No.:

01463500

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	U34300DL2006PLC156351	MPT AMTEK AUTOMOTIVE (INDIA) LIMITED	Director	23/12/2006	23/12/2006	-	Active	NO
2	U27106DL2005PLC138437	AMTEK TEKFOR AUTOMOTIVE LIMITED	Managing director	25/02/2009	24/04/2007	-	Active	NO
3	L27230HR1988PLC030333	AMTEK AUTO LIMITED	Managing director	14/08/2012	31/07/2007	-	Active	NO
4	U40300DL2007PTC169558	AMTEK VCST POWERTRAIN INDIA PRIVATE LIMITED	Director	18/10/2007	18/10/2007	-	Active	NO
5	U27100HR2008PLC040838	AMTEK TRANSPORTATION SYSTEMS LIMITED	Director	10/06/2008	10/06/2008	11/06/2008	Active	NO
6	U35200DL2008PTC180534	AMTEK RAILCAR INDUSTRIES PRIVATE LIMITED	Director	24/09/2009	18/07/2008	-	Active	NO
7	U34101HR2009PTC039424	SMI AMTEK CRANKSHAFT PRIVATE LIMITED	Director	20/12/2010	20/04/2010	-	Active	NO

Name :

Mr. Shinji Morinobu

Designation :

Director

Address :

2-457-3-604, Tamanawa, Kamakura Shi Kanagawa – 2470071, Japan

Date of Birth/Age :

08.09.1953

Date of Appointment :

31.08.2009

DIN No.:

02673170

Name :

Mr. Ryosuke Nobuyoshi

Designation :

Additional Director

Address :

2-11-6 Hikarigaoka, Takarazuka Shi Hyogo – 6650015, Japan

Date of Appointment :

20.12.2010

DIN No.:

02732700

Name :

Mr. Kiyotaka Nogi

Designation :

Director

Address :

9-14 Namiki, cho Ibaraki shi, Osaka, 5670892, Japan

Date of Appointment :

01.04.2011

DIN No.:

03493288

Name :

Mr. Yoshinori Nagano

Designation :

Director

Address :

4-20-6-304, Shimomeguro, Meguroku, Tokoyo, NA, Japan

Date of Appointment :

01.05.2011

DIN No.:

03539422

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on: 20.08.2012

Names of Allottee	No. of Shares (Preference) Allotted
Amtek Auto Limited, India	625000
Sumitomo Corporation, Japan	125000
Sumitomo Metal Industries Limited, Japan	500000
Total	1250000

As on: 31.03.2012

Names of Shareholders (Equity Shares)	No. of Shares
Amtek Auto Limited, India	1884500
Sumitomo Corporation, Japan	1504750
Sumitomo Metal Industries Limited, Japan	379750
Total	3769000

Names of Shareholders (Preference Shares)	No. of Shares
Sumitomo Corporation, Japan	2158850
Sumitomo Metal Industries Limited, Japan	536150
Total	2695000

Names of Shareholders (Preference Shares)	No. of Shares
Amtek Auto Limited, India	2695000
Total	2695000

As on: 29.09.2012

Category	Percentage
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	50.00
Bodies corporate	50.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Seller of small sized forged crankshaft of specific engine capacity and such other forged products.

PRODUCTION STATUS (As on 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Crankshaft	Nos.		78254
Stub Axle	Nos.	800000	61507
Axle Arm	Nos.		82066
Knuckles	Nos.		3667

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Axis Bank Limited, RIICO, Chowk, Bhiwadi - 301019, Rajasthan, India · Mizuho Corporate Bank, Delhi, India

Banking Relations :	--
Auditors :
Name :	BSR and Company Chartered Accountants
Address :	Building No.10, 8^th Floor, Tower – B, DLF Cyber City, Phase – II, Gurgaon – 122002, Haryana, India
PAN No.:	AAAFB9852F
Joint Ventures Having Significant Influence Over The Company:	· Amtek Auto Limited, India · Sumitomo Metal Industries Limited, Japan · Sumitomo Corporation, Japan

CAPITAL STRUCTURE

As on: 30.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Millions
6000000	Preference Shares	Re.1/- each	Rs.6.000 Millions
	Total		Rs.66.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
5019000	Equity Shares	Rs.10/- each	Rs.50.190 Millions
5390000	Preference Shares	Re.1/- each	Rs.5.390 Millions
	Total		Rs.55.580 Millions

As on: 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
6000000	Equity Shares	Rs.10/- each	Rs.60.000 Millions
6000000	Preference Shares	Re.1/- each	Rs.6.000 Millions
	Total		Rs.66.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
3769000	Equity Shares	Rs.10/- each	Rs.37.690 Millions
5390000	Preference Shares	Re.1/- each	Rs.5.390 Millions
	Total		Rs.43.080 Millions

Reconciliation of shares outstanding at the end of beginning and at the end of the reporting period

Equity shares	Number of	Amount
	shares	(in Rupees)
At the commencement of the year	19,000	0.190
Add: Shares issued	3,750,000	37.500
Number of shares at the end of the year	3,769,000	37.690
Class A 0.01% compulsory convertible non-cumulative preference share
At the commencement of the year	2,695,000	2.695
Add: Shares issued	-	-
Number of shares at the end of the year	2,695,000	2.695
Class B 0.01% compulsory convertible non-cumulative preference share
At the commencement of the year	2,695,000	2.695
Add: Shares issued		-
Number of shares at the end of the year	2,695,000	2.695

Rights, preferences and restrictions attached to equity shares

The Company has single class of equity shares. Accordingly, all equity shares rank equally with respect to dividend and shares in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time to time subject to payment of dividend to preference shareholders. Each shareholder is entitled to one vole per share except, in respect of any shares on which any calls or other sums payable have not been paid. In the event of winding up, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of ail preferential amounts, in proportion to their shareholding.

Rights, preferences and restrictions attached to preference shares

Class A 0.01% Preference Shares, shall be mandatorily and fully convertible into equity shares upon the expiration of 20 years from the closing date {i.e. 20 April 2010) or at any time on the fulfillment of certain conditions mentioned in the Shares Subscription Agreement (SSA). The holders of these shares are entitled to a non-cumulative dividend of 0.01%. Class ft 0.01% Preference Share, shall be mandatorily and fully convertible into equity shares upon the expiration of 20 years from the closing date (i.e. 20 April 2010) or at any time on the fulfillment of certain conditions mentioned in the Shares Subscription Agreement (SSA). The holders of these shares are entitled to a non-cumulative dividend of 0.01%. Preference share of both class carry a preferential right as to dividend over equity shareholders and if the Company pays dividend to holders of equity shares, (hen same dividend shall be paid to these preference shareholders in addition to the coupon rate.

Details of shareholders holding more than 5% shares in the Company

	As at 31 March 2012
	Number of shares	% holding in the class
Equity shares of Rs. 10 each fully paid Amtek Auto Limited	1884500	50.00
Sumitomo Metal Industries Limited, Japan Sumitomo	1504750	39.92
Corporation, Japan	379750	10.08
Class A 0.01% compulsorily convertible non-cumulative preference shares of Re. 1 each fully paid
Sumitomo Metal Industries Limited, Japan	2158850	80.11
Sumitomo Corporation, Japan	536150	19.89
Class B 0.01% compulsorily convertible non cumulative Preference Shares Re. 1 each fully paid
Amtek Auto Limited	2695000	100.00

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		43.080	5.580	0.190
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		1162.548	496.925	0.810
4] (Accumulated Losses)		0.000	0.000	(0.513)
NETWORTH		1205.628	502.505	0.487
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.000	0.000	0.000
TOTAL BORROWING		0.000	0.000	0.000
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		1205.628	502.505	0.487
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		380.240	398.449	0.000
Capital work-in-progress		326.831	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	111.206	92.035	0.000
	Sundry Debtors	54.935	47.782	0.000
	Cash & Bank Balances	332.183	215.470	1.000
	Other Current Assets	2.264	11.313	0.000
	Loans & Advances	160.559	53.961	0.000
Total Current Assets		661.147	420.561	1.000
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	148.894	127.941	0.513
	Other Current Liabilities	11.500	187.224	0.000
	Provisions	2.196	1.340	0.000
Total Current Liabilities		162.590	316.505	0.513
Net Current Assets		498.557	104.056	0.487
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		1205.628	502.505	0.487

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Revenue from operation	451.129	341.990	0.000
		Other Income	8.543	3.298	0.000
		TOTAL (A)	459.672	345.288	0.000
Less	EXPENSES
		Cost of material consumed	314.222	273.917	0.000
		Change in inventories of finished goods and work in progress	0.585	(56.395)	0.000
		Employee benefits expenses Finance costs	31.446	25.586	0.000
		Administrative Expenses and Other expenses	125.261	107.996	0.513
		TOTAL (B)	471.514	351.104	0.513
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(11.842)	(5.816)	0.513
Less	FINANCIAL EXPENSES (D)		1.453	1.259	0.000
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(13.295)	(7.075)	0.513
Less/ Add	DEPRECIATION/ AMORTISATION (F)		33.582	29.906	0.000
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(46.877)	(36.981)	(0.513)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(46.877)	(36.981)	(0.513)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(37.495)	(0.513)	0.000
	BALANCE CARRIED TO THE B/S		(84.372)	(37.495)	(0.513)
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of Exports	0.000	(5.826)	0.000
	TOTAL EARNINGS		0.000	(5.826)	0.000
	IMPORTS
		Components and spare parts	1.781	0.141	0.000
		Capital goods
		Tangible	264.544	3.662	0.000
		Intangible	1.180	1.145	0.000
	TOTAL IMPORTS		267.505	4.948	0.000
	Earnings/ (Loss) Per Share (Rs.)		(51.68)	(1946.37)	(39.24)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(10.20)	(10.71)	0.00
Net Profit Margin (PBT/Sales)	(%)	(10.39)	(10.80)	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(4.50)	(4.52)	(51.30)
Return on Investment (ROI) (PBT/Networth)		(0.04)	(0.07)	(1.05)
Debt Equity Ratio (Total Liability/Networth)		0.13	0.63	1.05
Current Ratio (Current Asset/Current Liability)		4.07	1.33	1.95

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

COMPANY OVERVIEW

Subject is a private company domiciled and headquartered in India. It was incorporated ort 31 August 2009 under the Companies Act, 1956 as joint venture between Amtek Auto Limited and Sumitomo Metal Industries Limited on the basis of Joint Venture Agreement ('J V Agreement') entered on 18 May, 2009. The Company primarily engaged in manufacturing and selling small sized forged crankshaft of specific engine capacity and such other forged products.

PERFORMANCE

During the financial year, the company has incurred a loss of Rs. 46.877 Millions after depreciation of Rs 33.582 Millions.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U34101HR2009PTC039424
Name of the company	SMI AMTEK CRANKSHAFT PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No.20, Shed No.1, Phase – I, Industrial Complex, Daruhera – 123401, Haryana, India smi.amtek@rediffmail.com
This form is for	Creation of charge
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	Axis Bank Limited, RIICO, Chowk, Bhiwadi - 301019, Rajasthan, India neeraj.dudani@axisbank.com
Nature of instrument creating charge	Composite Deed of Hypothecation executed between the Company and the Axis Bank limited. on 07.09.2012.
Date of instrument Creating the charge	07.09.2012
Amount secured by the charge	Rs. 100.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of Interest CC- Base rate+4%p.a. presently@14%p.a. at monthly rests (Base rate at present 10%p.a.) TL- Base rate+4.50%p.a. presently@14.50%p.a. at monthly rests (Base rate at present 10%p.a.) Terms of Repayment TL- Repaid in 36 months including moratorium of 3 months from the date of first disbursement, first 32 monthly installments of Rs.0.600 Million and 33rd installment of Rs. 0.800 Million. CC- Repayable on demand. Margin CC- Stock-25%, Book debts-30% (upto 120 days) TL- 38.50% Extent and Operation of the charge CC Limit - Rs. 80.000 Millions TL - Rs. 20.000 Millions ________________ Total - Rs. 100.000 Millions
Short particulars of the property or asset(s) charged (including complete address and location of the property)	Hypothecation of all tangible, movable machinery, plant and machinery, fixtures, other installation, cranes, furniture and other accessories, vehicles together with spare tools and accessories and all other articles lying on the premises or in the godowns of the borrower or in the custody of any person who are mercantile agent of the borrower or in the course of transit which may hereinafter be brought stored or be lying or upon the said premises of the borrower. First charge by way of hypothecation of Induction Billet Heater Machine costing Rs. 32.500 Millions. (To be procured from Term Loan) First charge by way of hypothecation of movable fixed assets of the Company (both present and future).

FIXED ASSETS:

· Plant and machinery

· Electric installation

· Die Blocks

· Guges and instruments

· Furniture and fixtures

· Vehicles

· Office equipment

· Computers

· Computer Software

AS PER WEBSITE DETAIL:

PRESS REALEASE

Indian JV Adding Second Press Line

SMI Amtek Crankshaft will increase output to 2.200 Millions/year

Date: 04.09.2011

SMI Amtek Crankshaft Private Limited will install a second forging press at its plant in Dharuhera, an industrial development in north-central India. The estimated $22-milion project will increase the operation’s capacity to 2.2 million automotive crankshafts annually when it’s completed in November 2012, in response to rising demand. 

SMI Amtek is a joint-venture of Sumitomo Metal Industries Limited, Sumitomo Corp., and Amtek Auto Limited, the latter being an automotive components manufacturer in India, Europe, and the U.S., producing forgings, aluminum and iron castings, and machined parts. It also plans to begin producing specialty vehicles (ambulances, fire trucks, waste-handling vehicles) in India in a new technical alliance with South Korea’s Autech Corp. 

The forging joint venture’s current, 4,000-metric ton press started up in April 2010 with a rated capacity of 800,000 units. The new installation will be a 5,000-metric ton press capable of producing 1.4 million crankshafts per year. No supplier for the new press has been reported. 

Reportedly, Sumitomo Metals intends to supply 10% of the world’s forged crankshaft market and will use the new output to supply automotive customers in Japan, the U.S., China, and India from the new forging line at SMI Amtek. The Japanese manufacturer also indicated recently it intends to be a dominant global manufacturer of forged steel wheels and axles for freight railcars.

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.54.83
UK Pound	1	Rs.87.99
Euro	1	Rs.72.83

INFORMATION DETAILS

Report Prepared by :

RAJ

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	4
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	4
--LEVERAGE	1~10	4
--RESERVES	1~10	4
--CREDIT LINES	1~10	3
--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		32

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.