1. Summary Information

		Country	India
Company Name	FLOWMORE LIMITED	Principal Name 1	Mr. Saurabh Gupta
Status	Satisfactory	PRINCIPAL NAME 2	Mr. Gaurav Gupta
		REGISTRATION #	55-004773
Street Address	1584/113, Ganesh Pura, Tri Nagar, Delhi - 110035
Established Date	26.07.1967	SIC Code	--
Telephone#	Not Available	Business Style 1	Designing
Fax #	Not Available	Business Style 2	Manufacturing
Homepage	http://www.flowmoregroup.com	Product Name 1	Pumps
# of employees	1000 (Approximately)	Product Name 2	Valves
Paid up capital	Rs.160,500,000/-	Product Name 3	-
Shareholders	Bodies Corporate:- 80.38%, Directors or Relatives of Directors:- 19.62%	Banking	HDFC Bank Limited
Public Limited Corp.	No	Business Period	46 Years
IPO	No	International Ins.	-
Public Enterprise	No	Rating	Ba (43)
Related Company
Relation	Country	Company Name	CEO
Subsidiary Company	India	Fairbanks Morse India Limited	-
Note	-

2. Summary Financial Statement

Balance Sheet as of	31.12.2012		(Unit: Indian Rs.)
Assets		Liabilities
Current Assets	1,992,146,000	Current Liabilities	964,858,000
Inventories	600,277,000	Long-term Liabilities	1,084,165,000
Fixed Assets	339,828,000	Other Liabilities	22,818,000
Deferred Assets	0,000	Total Liabilities	2,071,841,000
Invest& other Assets	7,923,000	Retained Earnings	707,833,000
		Net Worth	868,333,000
Total Assets	2,940,174,000	Total Liab. & Equity	2,940,174,000
Total Assets (Previous Year)	2,470,060,000
P/L Statement as of	31.12.2012		(Unit: Indian Rs.)
Sales [Including Other Income]	2,655,545,000	Net Profit	93,975,000
Sales (Previous yr)	2,003,691,000	Net Profit (Prev.yr)	64,139,000

MIRA INFORM REPORT

Report Date :

30.07.2013

IDENTIFICATION DETAILS

Name :	FLOWMORE LIMITED (w.e.f.27.06.2008)
Formerly Known As :	FLOWMORE PRIVATE LIMITED
Registered Office :	1584/113, Ganesh Pura, Tri Nagar, Delhi - 110035
Country :	India
Financials (as on) :	31.12.2012
Date of Incorporation :	26.07.1967
Com. Reg. No.:	55-004773
Capital Investment / Paid-up Capital :	Rs. 160.500 Millions
CIN No.: [Company Identification No.]	U74899DL1967PTC004773
TAN No.: [Tax Deduction & Collection Account No.]	DELF02659G
PAN No.: [Permanent Account No.]	AAACF0876E
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Designing, Manufacturing and Testing of Pumps and Valves.
No. of Employees :	1000 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (43)

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

Maximum Credit Limit :	USD 3470000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having a satisfactory track record. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct and as per commitments. The company can be considered for normal business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name	Previous Rating (31.12.2012)	Current Rating (31.03.2013)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Fund based limit : (ICRA) BB
Rating Explanation	Having moderate risk of default regarding timely servicing of financial obligation.
Date	June 2013

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

INFORMATION PARTED BY [GENERAL DETAILS]

Name :	Ms. Minakshi
Designation :	Office Executive
Contact No.:	91-124-3010883
Date :	26.07.2013

LOCATIONS

Registered Office :	1584/113, Ganesh Pura, Tri Nagar, Delhi – 110035, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	delmkt@flowmorepumps.com hpsharma1967@gmail.com corporate@flowmorepumps.com
Website :	http://www.flowmoregroup.com
Corporate Office :	443, Udyog Vihar, Phase III, Gurgaon - 122016, Haryana, India
Tel. No.:	91-124-3010883-92
Fax No.:	91-124-3010895
E-Mail :	delmkt@flowmorepumps.com corporate@flowmoregroup.com
Factory 1 :	9th Mile Stone, G. T. Road, Sahibaba Extension, P.O. Mohan Nagar, Uttar Pradesh, India
Tel. No.:	91-120-3004320-28
Fax No.:	91-120-3004329
E-Mail :	fplworks@flowgroup.com
Factory 2 :	28/A, Site-4, Sahibabad Industrial Area, Sahibabad, Ghaziabad - 201011, Uttar Pradesh, India
Tel. No.:	91-120-3004658/ 59
Fax No.:	91-120-4155929
E-Mail :	fbmworks@flowgroup.com
Branch Offices :	Located at: v Kanpur v Mumbai v Chennai v Kolkata v Dhanbad v Ahmedabad v Indore v Hyderabad  v Bangalore v Raipur v Patna v Jamshedpur v Bhubneshwar v Jaipur

DIRECTORS

AS ON 27.05.2013

Name :

Mr. Saurabh Gupta

Designation :

Managing director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

29.07.1972

Date of Appointment :

01.07.2011

DIN No.:

00764711

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	Company/ LLP Status	Defaulting status
1	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	12/01/1995	12/01/1995	Active	NO
2	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	Active	NO
3	U74899DL1967PLC004773	FLOWMORE LIMITED	Managing director	01/07/2011	01/11/2005	Active	NO
4	U72300DL2006PTC157170	FLOWMORE DESIGN AND TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	Active	NO
5	U74999DL1973PTC006743	USHVIN HYDRO SYSTEMS PRIVATE LIMITED	Additional director	08/10/2007	08/10/2007	Active	NO
6	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
7	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
8	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
9	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
10	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
11	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	Active	NO
12	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	Active	NO
13	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Additional director	01/06/2013	01/06/2013	Active	NO
14	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	Active	NO

Name :

Mr. Gaurav Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

28.12.1970

Date of Appointment :

01.07.2011

DIN No.:

00164590

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	Company/ LLP Status	Defaulting status
1	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	12/01/1995	12/01/1995	Active	NO
2	U74899DL1994PTC061292	FORTUNE FINCAP PRIVATE LIMITED	Director	05/09/1999	05/09/1999	Active	NO
3	U65993DL1997PLC089660	UNIFIED HOLDINGS LIMITED	Director	30/03/2001	30/03/2001	Active	NO
4	U45201DL1993PTC053533	HOUSTON ESTATES PRIVATE LIMITED	Director	06/02/2004	06/02/2004	Active	NO
5	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	Active	NO
6	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	01/07/2011	01/11/2005	Active	NO
7	U72300DL2006PTC157170	FLOWMORE DESIGN AND TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	Active	NO
8	U74999DL1973PTC006743	USHVIN HYDRO SYSTEMS PRIVATE LIMITED	Additional director	08/10/2007	08/10/2007	Active	NO
9	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
10	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
11	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
12	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
13	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
14	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	Active	NO
15	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	Active	NO
16	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Additional director	01/06/2013	01/06/2013	Active	NO
17	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	Active	NO

Name :

Mr. Rishabh Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

02.02.1978

Date of Appointment :

10.10.2007

DIN No.:

00671390

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	Company/ LLP Status	Defaulting status
1	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	01/11/2005	01/11/2005	Active	NO
2	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	10/10/2007	01/11/2005	Active	NO
3	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	Active	NO
4	U74999DL1973PTC006743	USHVIN HYDRO SYSTEMS PRIVATE LIMITED	Additional director	08/10/2007	08/10/2007	Active	NO
5	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
6	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	08/07/2008	08/10/2007	Active	NO
7	U74140DL2009PTC195731	SAURABH ADVISORS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
8	U74140DL2009PTC195730	R G FREELANCERS PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
9	U74900DL2009PTC195724	G G ADVISORY SERVICES PRIVATE LIMITED	Director	05/11/2009	05/11/2009	Active	NO
10	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	28/09/2010	18/02/2010	Active	NO
11	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	28/09/2010	05/03/2010	Active	NO
12	U74899DL1985PTC021587	FLOWMORE ESTATES PRIVATE LIMITED	Director	28/09/2010	15/05/2010	Active	NO
13	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Additional director	01/06/2013	01/06/2013	Active	NO
14	U70100DL2013PLC253910	FLOWMORE INFRASTRUCTURE LIMITED	Director	13/06/2013	13/06/2013	Active	NO

Name :

Mr. Mahesh Prasad Gupta

Designation :

Whole-time director

Address :

6, Shivaji Marg, Rangpuri, New Delhi – 110037, India

Date of Birth/Age :

28.04.1922

Date of Appointment :

26.07.1967

DIN No.:

01058574

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	Company/ LLP Status	Defaulting status
1	U74899DL1967PLC004773	FLOWMORE LIMITED	Whole-time director	26/07/1967	26/07/1967	Active	NO
2	U29120DL1973PLC006493	FAIRBANKS MORSE INDIA LIMITED	Director	20/02/1973	20/02/1973	Active	NO
3	U74999DL1973PTC006743	USHVIN HYDRO SYSTEMS PRIVATE LIMITED	Director	30/07/1973	30/07/1973	Active	NO
4	U74899DL1974PTC007287	DEVSHAKTI HYDRO POWER PRIVATE LIMITED	Director	29/05/1974	29/05/1974	Active	NO
5	U74899DL1979PTC009602	TOTAL ENGINEERING SERVICES PRIVATE LIMITED	Director	17/05/1979	17/05/1979	Active	NO
6	U74899DL1989PTC036712	A M ESTATES PRIVATE LIMITED	Director	30/04/1990	30/04/1990	Active	NO
7	U51909DL1996PTC078032	TEMPLETREE POWER CONSTRUCTION PRIVATE LIMITED	Director	11/04/1996	11/04/1996	Active	NO
8	U74899DL1992PTC048297	F P L PUMPS AND SPARES PRIVATE LIMITED	Director	31/08/2006	31/08/2006	Active	NO
9	U72300DL2006PTC157170	FLOWMORE DESIGN & TECHNOLOGIES PRIVATE LIMITED	Director	29/12/2006	29/12/2006	Active	NO

KEY EXECUTIVES

Name :	Ms. Minakshi
Designation :	Office Executive
Name :	Mr. Gautam Singh Karnawat
Designation :	Company Secretary
Address :	UU- 142, Pitampura, New Delhi – 110034, India
Date of Birth/Age :	18.07.1963
Date of Appointment :	25.02.2010
PAN No.:	AJJPK7733N

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 27.05.2013

Names of Shareholders	No. of Shares	% of Held
GG Advisory Private Limited, India	4280000	26.67
RG Freelancers Private Limited, India	4280000	26.67
Saurabh Advisors Private Limited, India	4280000	26.67
Janak Gupta and Rishabh Gupta	500490	3.12
Mahesh Prasad Gupta and Rishabh Gupta	395190	2.46
Mahesh Prasad Gupta and Saurabh Gupta	395190	2.46
Mahesh Prasad Gupta and Gaurav Gupta	395190	2.46
Janak Gupta and Saurabh Gupta	320490	2.00
Janak Gupta and Gaurav Gupta	302220	1.90
Saurabh Gupta	251880	1.57
Rishabh Gupta	154320	0.96
Gaurav Gupta and Mahesh Prasad Gupta	135000	0.84
Gaurav Gupta	116880	0.73
Gaurav Gupta and Janak Gupta	100710	0.63
Saurabh Gupta and Janak Gupta	82440	0.51
Sanchyita Tradelink Private Limited, India	60000	0.37
Total	16050000	100.02

AS ON 27.05.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	80.38
Directors or relatives of directors	19.62
Total	100.00

BUSINESS DETAILS

Line of Business :

Designing, Manufacturing and Testing of Pumps and Valves.

Products/ Services :

ITC Code No.	Product Descriptions
841370.01-04	Designing, Manufacturing and Testing of Pumps and Valves

Terms :

Selling :

Cash and Credit

Purchasing :

Cash and Credit

GENERAL INFORMATION

Customers :

End Users and OEM’s

No. of Employees :

1000 (Approximately)

Bankers :

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

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

· Union Bank of India, M-11, 1st Floor, Middle Circle, Connaught Circus, New Delhi - 110001, India

· Barclays Bank Plc, Eros Corporate Towers, Nehru Place, New Delhi-19, New Delhi - 110019, India

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

· Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India

· Canara Bank, F-19, Connaught Circus, New Delhi - 110001, India

Facilities :

Secured Loans	31.12.2012	31.12.2011
	(Rs. In Millions)
LONG-TERM BORROWINGS
Term loans from banks	167.491	124.439
Loans taken for vehicles	14.412	11.935
SHORT-TERM BORROWINGS
Rupee term loans from banks	889.398	--
Total	1071.301	136.374

Banking Relations :	--
Auditors :
Name :	D. Ostwal and Associates Chartered Accountants
Address :	303-304, Dakha Chambers, Nalwa Street, Karol Bagh, New Delhi - 110005, India
Tel. No.:	91-11-28754465
Fax No.:	91-11-28754465
E-Mail :	dostwal@gmail.com deepakostwal@bol.net.in
Income-tax PAN of auditor or auditor's firm :	AABFD7566P
Subsidiary company :	Fairbanks Morse India Limited [U29120DL1973PLC006493]
Associates :	· Flowmore Design and Technologies Private Limited [U72300DL2006PTC157170] · A M Estates Private Limited [U74899DL1989PTC036712] · Flowmore Estates Private Limited [U74899DL1985PTC021587] · Ushvin Hydro Systems Private Limited [U74999DL1973PTC006743] · Total Engineering Services Private Limited [U74899DL1979PTC009602] · G G Advisory Services Private Limited [U74900DL2009PTC195724] · Saurabh Advisors Private Limited [U74140DL2009PTC195731] · R G Freelancers Private Limited [U74140DL2009PTC195730] · Devshakti Hydro Power Private Limited [U74899DL1974PTC007287] · F P L Pumps And Spares Private Limited [U74899DL1992PTC048297] · Templetree Power Construction Private Limited [U51909DL1996PTC078032]

CAPITAL STRUCTURE

AS ON 31.12.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
16,250,000	Equity Shares	Rs. 10/- each	Rs. 162.500 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
16,050,000	Equity Shares	Rs. 10/- each	Rs. 160.500 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.12.2012
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	160.500
(b) Reserves & Surplus	707.833
(c) Money received against share warrants	0.000
(2) Share Application money pending allotment	0.000
Total Shareholders’ Funds (1) + (2)	868.333
(3) Non-Current Liabilities
(a) long-term borrowings	181.903
(b) Deferred tax liabilities (Net)	1.318
(c) Other long term liabilities	0.000
(d) long-term provisions	0.000
Total Non-current Liabilities (3)	183.221
(4) Current Liabilities
(a) Short term borrowings	902.262
(b) Trade payables	824.765
(c) Other current liabilities	140.093
(d) Short-term provisions	21.500
Total Current Liabilities (4)	1888.620
TOTAL	2940.174
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	277.607
(ii) Intangible Assets	1.558
(iii) Capital work-in-progress	60.037
(iv) Intangible assets under development	0.626
(b) Non-current Investments	7.923
(c) Deferred tax assets (net)	0.000
(d) Long-term Loan and Advances	0.000
(e) Other Non-current assets	0.000
Total Non-Current Assets	347.751
(2) Current assets
(a) Current investments	0.000
(b) Inventories	600.277
(c) Trade receivables	1700.348
(d) Cash and cash equivalents	50.554
(e) Short-term loans and advances	240.373
(f) Other current assets	0.871
Total Current Assets	2592.423
TOTAL	2940.174

SOURCES OF FUNDS		31.12.2011	31.12.2010 [15 Months]
SHAREHOLDERS FUNDS
1] Share Capital		160.500	160.500
2] Share Application Money		0.000	0.000
3] Reserves & Surplus		613.858	549.719
4] (Accumulated Losses)		0.000	0.000
NETWORTH		774.358	710.219
LOAN FUNDS
1] Secured Loans		136.374	554.605
2] Unsecured Loans		0.000	4.500
TOTAL BORROWING		136.374	559.105
DEFERRED TAX LIABILITIES		0.000	0.000
TOTAL		910.732	1269.324
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		161.326	150.277
Capital work-in-progress		117.705	55.924
INVESTMENT		0.000	9.770
DEFERREX TAX ASSETS		1.684	0.069
EXPENDITURE PENDING ALLOCATION		7.923	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	597.869	397.833
	Sundry Debtors	1383.554	1038.198
	Cash & Bank Balances	29.162	24.701
	Other Current Assets	1.490	1.191
	Loans & Advances	169.347	176.031
Total Current Assets		2181.422	1637.954
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.000	107.947
	Other Current Liabilities	1533.339	435.080
	Provisions	25.989	42.218
Total Current Liabilities		1559.328	585.245
Net Current Assets		622.094	1052.709
MISCELLANEOUS EXPENSES		0.000	0.575
TOTAL		910.732	1269.324

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2012	31.12.2011	31.12.2010 [15 Months]
	SALES
		Revenue from operations		2003.691	2047.185
		Other income		5.819	10.429
		TOTAL (A)	2655.545	2009.510	2057.614
Less	EXPENSES
		Consumption Materials Changes Inventories		1370.901	1433.938
		Manufacturing Service Costs		18.836	0.000
		Employee benefit expense		135.999	144.505
		Administrative, Selling and Other Expenses		270.527	247.526
		TOTAL (B)	2517.518	1796.263	1825.969
Less	PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		[Including Financial Expenses]	213.247	231.645
Less	FINANCIAL EXPENSES (D)			113.646	86.781
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		138.027	99.601	144.864
Less/ Add	DEPRECIATION/ AMORTISATION (F)		31.718	20.657	20.408
	PROFIT / (LOSS) BEFORE TAX (E-F) (G)		106.309	78.944	124.456
Less	TAX (H)		12.334	14.805	32.676
	PROFIT / (LOSS) AFTER TAX (G-H) (I)		93.975	64.139	91.780
	Earnings Per Share (Rs.)		5.86	3.99	0.41

KEY RATIOS

PARTICULARS		31.12.2012	31.12.2011	31.12.2010 [15 Months]
PAT / Total Income	(%)	3.54	3.19	4.46
Net Profit Margin (PBT/Sales)	(%)	NA	3.94	6.08
Return on Total Assets (PBT/Total Assets}	(%)	3.70	3.37	6.96
Return on Investment (ROI) (PBT/Networth)		0.12	0.10	0.18
Debt Equity Ratio (Total Debt/Networth)		1.25	0.18	0.79
Current Ratio (Current Asset/Current Liability)		1.37	1.40	2.80

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	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	Yes

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10381714	07/12/2012 *	3,300,000,000.00	CANARA BANK (LEAD BANK OF CONSORTIUM)	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	B64422025
2	10374353	17/07/2012	90,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA	B57206146
3	10338359	02/01/2012	200,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL [WEST], MUMBAI - 400013, MAHARASHTRA, INDIA	B33326901
4	10298610	04/07/2011	500,000,000.00	UNION BANK OF INDIA	M-11, 1ST FLOOR, MIDDLE CIRCLE, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	B17380866
5	10293946	16/03/2012 *	150,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA, INDIA	B38301982
6	10232136	12/07/2010	25,000,000.00	BARCLAYS BANK PLC	EROS CORPORATE TOWERS, NEHRU PLACE, NEW DELHI - 110019, INDIA	A90793845
7	10215948	07/12/2011 *	112,500,000.00	STANDARD CHARTERED BANK (ACTING AS AN AGENT OF STANDARD CHARTERED BANK (MAURITIUS) LIMITED)	CREDIT DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B27834431
8	10200629	05/02/2010	580,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A78569076
9	10191589	21/11/2009	1,880,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A75629360
10	10191595	21/11/2009	2,230,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A75629592
11	10185728	09/10/2009	480,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A73516023
12	10151087	24/03/2009	234,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A60222155
13	10147223	24/02/2009	50,000,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A58708694
14	10135865	17/12/2008	50,000,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A53898136
15	10130808	12/07/2010 *	300,000,000.00	BARCLAYS BANK PLC	EROS CORPORATE TOWERS, NEHRU PLACE, NEW DELHI - 110019, INDIA	A90682089
16	10095026	05/02/2008	5,000,000.00	SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	GROUND FLOOR, VIDEOCON TOWER, E-1, RANI JHANSI ROAD, JHANDEWALAN EXT., NEW DELHI - 110055, INDIA	A35202738
17	10019579	24/06/2011 *	460,000,000.00	STANDARD CHARTERED BANK	CREDIT RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI - 110001, INDIA	B15258734
18	10022921	23/03/2006	9,000,000.00	CANARA BANK	F-19, CANNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A00243428
19	10050555	23/03/2006	40,000,000.00	CANARA BANK	F-19, CANNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A00243717
20	90048013	29/05/2008 *	410,000,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A39606595
21	90047710	09/12/1999	3,470,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	-
22	90046967	07/03/2001 *	1,000,000.00	CANARA BANK	F- 19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	-
23	90045383	08/07/2009 *	770,000,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A66849431
24	80011372	08/07/2009 *	500,000,000.00	CANARA BANK	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	A66848136
25	90045004	07/12/2012 *	3,526,450,000.00	CANARA BANK (LEAD BANK UNDER MBA)	F-19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	B64446040
26	90044980	19/07/1996 *	500,000.00	CANARA BANK	F- 19, CONNAUGHT CIRCUS, NEW DELHI - 110001, INDIA	-
27	90044974	04/05/2012 *	990,000,000.00	CANARA BANK	F-19, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA	B40356503

* Date of charge modification

UNSECURED LOANS

Unsecured Loans	31.12.2012
	(Rs. In Millions)
SHORT-TERM BORROWINGS
Loans and advances from related parties	12.864
Total	12.864

OPERATIONS

The Company has an increase in the turnover in the year 2011-12 as compared to last year from Rs 2009.510 Millions (12 months) to Rs 2655.545 Millions (12 months). The net profit before tax has increased to Rs 106.309 Millions as compared to last year profit of Rs 78.944 Millions. The Company expects good and profitable results in future.

FIXED ASSETS:

· Land

· Buildings

· Factory building

· Plant and equipment

· Vehicles

· Office equipment

· Books periodicals

· Plantations

· Goodwill

· Computer software

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 :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	5
OPERATING SCALE	1~10	4
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	4
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	5
--RESERVES	1~10	5
--CREDIT LINES	1~10	5
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		43

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.