MIRA INFORM REPORT

Report Date :

30.07.2013

IDENTIFICATION DETAILS

Name :	EXTREME MACHINES HIGH TECH PRIVATE LIMITED
Registered Office :	D-130, Karam Pura, New Delhi – 110015
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	29.03.2000
Com. Reg. No.:	55-104836
Capital Investment / Paid-up Capital :	Rs.0.900 Million
CIN No.: [Company Identification No.]	U34101DL2000PTC104836
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacturer and Exporter of Powder Coating Machine.
No. of Employees :	40 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

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

Maximum Credit Limit :	USD 3400
Status :	Moderate
Payment Behaviour :	Sow
Litigation :	Clear
Comments :	Subject is a small company in its field. Its scale of activities are limited. There appears some less during 2012 recorded by the company. The external borrowing seems to be huge. However, trade relations are reported to be fair. Business is active. Payments are slow. The company can be considered for business dealings with great 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 – 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

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 PARTED BY (GENERAL DETAILS)

Name :	Mr. Abhishek
Designation :	Accountant
Contact No.:	91-129-4104347
Date :	25.07.2013

LOCATIONS

Registered Office :	D-130, Karam Pura, New Delhi – 110015, India
Tel. No.:	91-129-4104347
Mobile No.:	91-9811593894 (Mr. Laxmi Narayan Sharma)
Fax No.:	91-129-2307615
E-Mail :	skchoudhary_ca@rediffmail.com emhtpll@gmail.com
Website :	http://www.emhtpll.com
Location :	Owned
Head Office :	Plot No.347, Sector-58, Electroplating Zon, Faridabad – 121004, Haryana, India
Tel. No.:	91-129-4109347/ 4104347
Fax No.:	91-129-2307615

DIRECTORS

As on 29.09.2012

Name :	Mr. Laxmi Narayan Sharma
Designation :	Director
Address :	H. No.150, Sector – 55, Faridabad – 121004, Haryana, India
Date of Birth/Age :	15.01.1963
Date of Appointment :	29.03.2000
DIN No.:	00923091
Name :	Mr. Rajni Sharma
Designation :	Director
Address :	H. No.150, Sector – 55, Faridabad – 121004, Haryana, India
Date of Birth/Age :	20.09.1969
Date of Appointment :	29.03.2000
DIN No.:	00923097

KEY EXECUTIVES

Name :	Mr. Abhishek
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 29.09.2012

Names of Shareholders	No. of Shares
Laxmi Narayan Sharma	71400
Chhitar Mal Sharma	100
Rajni Sharma	16600
Ram Chander	100
Pardeep Kumar	100
Shri Bhagwan	100
Manoj Kumar	100
Daya Shankar	100
Ajay Aggarwal	100
M C Sharma	100
Sachin Garg	100
Sher Singh Dagar	100
Devendra Gupta	100
Arun Sharma	100
Gunjan Sharma	100
Ajay Sharma	100
Vinod Pandey	100
Shyam Sunder	100
Lokman Sunder	100
Ram Kishore Shah	100
Rajesh Jha	100
Rajeev BIG	100
Total	90000

As on 29.09.2012

Equity Share Break up (Percentage of Total Equity)

Category	Percentage
Directors or relatives of Directors	98.00
Other top fifty shareholders	2.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Powder Coating Machine.
Products :	Powder Coating Machines Powder Coating Booths Liquid Painting Booths Water Curtain Booths Powder Coating Ovens Industrial Baking Ovens Camel Back Oven Conveyorized Plants Pre-Treatment Plants Paint Spray Guns Overhead Conveyors Belt Conveyors.
Exports :
Products :	Powder Coating Machine
Countries :	Middle East European Countries
Terms :
Selling :	Cash / Credit
Purchasing :	Cash / Credit

GENERAL INFORMATION

Suppliers :

• Ace Graphics
• Ayran Metal Udyog
• Bhardwaj Bros
• Coolwell Refirgerators
• Far I Dab Ad Electricals
• Flostar Sales
• Genex Containers Private Limited
• Goodwill Enectrical Works
• Gupta Engineers
• Handlair Technics
• Haryana Steel Trading Corporation
• Indian Organic Corpn.
• I S Electricals
• Juhi Textile

Customers :

Wholesalers and Retailers

• Amba Autos
• Diamond Metal Finishing
• Faridabad Auto Com. Private Limited
• Fedders Lloyad Corporation Limited
• Jitander Steel Limited
• Maharani Paints (India) Private Limited
• Main I Construction
• Mauriya Udyog Limited
• Minda Corpn. Limited (U.K.)
• Moon Light Auto Private Limited
• Shiva Enterprises
• Ssv Hightech (Rudrapur)
• Sunmax Auto Engg Private Limited

No. of Employees :

40 (Approximately)

Bankers :

• Syndicate Bank, Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh - 121004, Haryana, India
• HDFC Bank Limited
• Centurion Bank

Facilities :

(Rs. In Millions)

Secured Loan	As on 31.03.2012	As on 31.03.2011
Long Term Borrowings
HDFC Car Loan	0.000	0.037
Syndicate Bank C.C. A/c	1.745	0.030
Syndicate Bank MTL	0.259	0.370
Syndicate Bank Car Loan	0.476	0.546
Centurion Bank Bike Loan	0.029	0.029
Total	2.509	1.012

Banking Relations :	--
Auditors :
Name :	U K Goenka and Company Chartered Accountants
Address :	170/2, Bhudatt Colony, Faridabad – 121001, Haryana, India
Mobile No.:	91-9811747805
PAN No.:	AAAFU0583G
Memberships :	Small Scale Industries (SSI)
Sister Concern :	Perfect Coating System Address: Faridabad, Haryana, India

CAPITAL STRUCTURE

As on 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
90000	Equity Share	Rs.10/- each	Rs.0.900 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
90000	Equity Share	Rs.10/- each	Rs.0.900 Million

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	0.900	0.900
(b) Reserves & Surplus	(0.039)	0.001
(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)	0.861	0.901
(3) Non-Current Liabilities
(a) long-term borrowings	2.909	1.412
(b) Deferred tax liabilities (Net)	0.000	0.000
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	2.909	1.412
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000
(b) Trade payables	11.690	9.995
(c) Other current liabilities	0.000	0.000
(d) Short-term provisions	3.832	3.768
Total Current Liabilities (4)	15.522	13.763
TOTAL	19.292	16.076
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	3.937	3.446
(ii) Intangible Assets	0.050	0.072
(iii) Capital work-in-progress	0.000	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	0.000	0.000
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	3.987	3.518
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	8.817	8.973
(c) Trade receivables	4.321	3.113
(d) Cash and cash equivalents	0.013	0.121
(e) Short-term loans and advances	0.000	0.000
(f) Other current assets	2.154	0.351
Total Current Assets	15.305	12.558
TOTAL	19.292	16.076

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		0.900
2] Share Application Money		0.000
3] Reserves & Surplus		0.000
4] (Accumulated Losses)		(0.010)
NETWORTH		0.890
LOAN FUNDS
1] Secured Loans		3.030
2] Unsecured Loans		0.660
TOTAL BORROWING		3.690
DEFERRED TAX LIABILITIES		0.000
TOTAL		4.580
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.978
Capital work-in-progress		0.000
INVESTMENT		0.000
DEFERREX TAX ASSETS		0.032
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.441
	Sundry Debtors	2.420
	Cash & Bank Balances	0.133
	Other Current Assets	0.142
	Loans & Advances	0.154
Total Current Assets		9.290
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditor	7.779
	Other Current Liabilities	0.928
	Provisions	0.013
Total Current Liabilities		8.720
Net Current Assets		0.570
MISCELLANEOUS EXPENSES		0.000
TOTAL		4.580

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	9.383	9.383	6.842
		Other Income
		TOTAL	9.383	9.383	6.842
Less	EXPENSES
		Office Expenses
		Administrative Expenses	9.373	9.225	6.836
		Advertising Expenses
		TOTAL	9.373	9.225	6.836
	PROFIT / (LOSS) BEFORE TAX		0.010	0.158	0.006
Less	TAX		0.050	0.204	0.179
	PROFIT / (LOSS) AFTER TAX		(0.040)	(0.046)	(0.173)
	Earnings / (Loss) Per Share (Rs.)		(0.44)	(0.51)	(1.92)

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	(0.43)	(0.49)	(2.53)
Return on Total Assets (PBT/Total Assets}	(%)	0.05	0.098	0.05
Return on Investment (ROI) (PBT/Networth)		0.01	0.18	0.01
Debt Equity Ratio (Total Debt /Networth)		3.38	1.57	4.15
Current Ratio (Current Asset/Current Liability)		0.99	0.91	1.07

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	Yes
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	Yes
18]	Major customers	Yes
19]	Payments terms	Yes
20]	Export / Import details (if applicable)	Yes
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

UNSECURED LOAN

Rs. In Millions

Particular	As on 31.03.2012	As on 31.03.2011
Long Term Borrowings
Loan from Other	0.400	0.400
Total	0.400	0.400

INDEX OF CHARGES

S.No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10389160	18/10/2012	2,500,000.00	Syndicate Bank	Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh - 121004, Haryana, India	B63042972
2	10282353	16/03/2011	3,550,000.00	Syndicate Bank	Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh	B11407574
3	10274935	16/02/2011	3,550,000.00	Syndicate Bank	Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh	B08966616
4	10139868	09/01/2009	700,000.00	Syndicate Bank	Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh	A55731970
5	90038450	25/05/2012 *	10,000,000.00	Syndicate Bank	Ballabhgarh Branch, Chawla Colony, Ballabhgarh, Ballabhgarh	B43398049

* Date of charge modification

FIXED ASSETS:

• Building
• Car A/c
• Computers
• Cycle
• Fans
• Furniture and Fixture
• Generator Set
• Hand Grinder
• Mobile
• Motor Cycle
• Office Equipment
• Plant and Machinery
• Televisions
• Tempo
• Tolls and Hand Tools
• Welding Set

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.59.30
UK Pound	1	Rs.91.18
Euro	1	Rs.78.71

INFORMATION DETAILS

Information Gathered by :	PLV
Report Prepared by :	NTH

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	3
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--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	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		27

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

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.