MIRA INFORM REPORT

Report Date :

06.06.2013

IDENTIFICATION DETAILS

Name :	ATLAS COPCO (INDIA) LIMITED
Registered Office :	Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	28.01.1960
Com. Reg. No.:	25-020566
Capital Investment / Paid-up Capital :	Rs. 225.616 Millions
CIN No.: [Company Identification No.]	U27106PN1960PLC020566
TAN No.: [Tax Deduction & Collection Account No.]	PNEA00074E
PAN No.: [Permanent Account No.]	AAACA4074D
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Trader of Air and Gas Compressors, Pneumatic Tools, Spares and Accessories.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (63)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 33000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Exist
Comments :	Subject is a well established and reputed company having a good track record. The company has changed its date of annual return from last year. The financial position of the company appears to be strong. Performance capability is high. Liquidity position is good. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual trade terms and condition.

NOTES :

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

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

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

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Long term rating : AA+ [reaffirmed]
Rating Explanation	High degree of safety and low credit risk.
Date	October 17, 2012

Rating Agency Name	CRISIL
Rating	Short term rating : A1+
Rating Explanation	Very strong degree of safety and lowest credit risk.
Date	October 17, 2012

RBI DEFAULTERS’ LIST STATUS

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

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

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

LOCATIONS

Registered/ Corporate/ Head Office/ Factory 1 :	Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India
Tel. No.:	91-20-30722222/ 39852100/ 39852543
Fax No.:	91-20-27147928/ 39852070/ 39852016
E-Mail :	Anant.bavare@in.atlascopco.com anand.daga@in.atlascopco.com investors.grievances@in.atlascopco.com
Website :	www.atlascopco.in
Factory 2 :	Plot No. 90, MIDC, Industrial Area, Satpur, Nashik - 422007, Maharashtra, India
Factory 3 :	301/302 LBS Marg, Mulund (West), Mumbai – 400080, Maharashtra, India
Factory 4 :	146/2, Sector-I, Lane 8, IDA, Phase – II, Cherlapally, Hyderabad – 500051, Andhra Pradesh, India

DIRECTORS

AS ON 03.09.2012

Name :

Filip A J Vandenberghe

Designation :

Managing director

Address :

Hendrik Consciencestraat 21 2970, Belgium

Date of Birth/Age :

10.08.1953

Date of Appointment :

01.08.2009

DIN No.:

02644579

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	U27106PN1960PLC020566	ATLAS COPCO (INDIA) LIMITED	Managing director	01/08/2009	20/03/2009	Active	NO

Name :

Mr. Anilkumar Jewraj Hirjee

Designation :

Director

Address :

Flat No. 9, Battery House, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India

Date of Birth/Age :

14.05.1939

Date of Appointment :

20.12.1988

Voter ID No.:

MT/024/231668

DIN No.:

00044765

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	U74220MH1960PLC011691	WADIA TECHNO - ENGINEERING SERVICES LIMITED	Director	15/03/1983	15/03/1983	05/12/2007	Active	NO
2	L24100MH1974PLC017773	CITURGIA BIOCHEMICALS LIMITED	Director	21/09/1983	21/09/1983	10/04/2007	Active	NO
3	U63090MH1973PTC016873	CHIKA PRIVATE LIMITED	Director	16/09/1984	16/09/1984	-	Active	NO
4	U27106PN1960PLC020566	ATLAS COPCO (INDIA) LIMITED	Director	20/12/1988	20/12/1988	-	Active	NO
5	U74999MH1991PLC059856	WADIA BSN INDIA LIMITED	Director	09/10/1992	09/10/1992	05/12/2007	Active	NO
6	L15412WB1918PLC002964	BRITANNIA INDUSTRIES LTD	Director	05/09/1993	05/09/1993	-	Active	NO
7	L99999MH1863PLC000002	BOMBAY BURMAH TRADING CORPORATION LIMITED	Director	01/10/1998	01/10/1998	-	Active	NO
8	U85100MH1946GAP005082	BREACH CANDY HOSPITAL TRUST	Director	30/03/2000	30/03/2000	-	Active	NO
9	U65991MH1999PLC123026	HDFC TRUSTEE COMPANY LIMITED	Director	11/07/2000	11/07/2000	-	Active	NO
10	L17120MH1879PLC000037	THE BOMBAY DYEING AND MANUFACTURING COMPANY LIMITED	Director	28/05/2001	28/05/2001	-	Active	NO
11	U51900MH1944PLC004225	NOWROSJEE WADIA AND SONS LIMITED	Director	01/06/2001	01/06/2001	05/12/2007	Active	NO
12	U91110MH1990NPL055085	GOODEED CHARITABLE FOUNDATION	Director	29/08/2002	29/08/2002	05/12/2007	Active	NO
13	U91110MH1990PTC055084	TRISTAR CHARITABLE FOUNDATION	Director	29/08/2002	29/08/2002	05/12/2007	Active	NO
14	U91110MH1992NPL066940	NORTHSTAR CHARITABLE FOUNDATION	Director	29/08/2002	29/08/2002	05/12/2007	Active	NO
15	U91110MH1992NPL066939	VENUS CHARITABLE FOUNDATION	Director	29/08/2002	29/08/2002	05/12/2007	Active	NO
16	L24299MH1954PLC009254	NATIONAL PEROXIDE LIMITED	Director	03/09/2002	03/09/2002	21/07/2009	Active	NO
17	U51909WB1999PLC090872	KAMALA FORTRADE LIMITED	Director	22/02/2003	22/02/2003	-	Active	NO
18	U65990MH1988PTC048388	GO INVESTMENTS & TRADING PRIVATE LIMITED	Director	30/09/2011	11/02/2011	-	Active	NO

Name :

Rolf Hans Ola Meyer

Designation :

Director

Address :

Hoglidsvagen 7, 182 47, Enebybero Sweden, Europe

Date of Birth/Age :

31.01.1955

Date of Appointment :

30.04.2007

DIN No.:

01385028

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	U27106PN1960PLC020566	ATLAS COPCO (INDIA) LIMITED	Director	30/04/2007	09/03/2007	Active	NO

Name :

Birgitta Jeanette Livijn

Designation :

Director

Address :

Langangsvagen 20B. 182 75 Stocks land, Sweden, Europe

Date of Birth/Age :

05.03.1963

Date of Appointment :

30.04.2010

DIN No.:

02760032

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	U27106PN1960PLC020566	ATLAS COPCO (INDIA) LIMITED	Director	30/04/2010	30/07/2009	Active	NO

KEY EXECUTIVES

Name :	Mr. Anant Narayan Bavare
Designation :	Company Secretary
Address :	S. No. 22/1, Kamal City, Flat No. C-305, Near Rajas Society Katraj, Pune – 411046, Maharashtra, India
Date of Birth/Age :	13.07.1974
Date of Appointment :	04.06.2012
PAN No.:	AIYPB9758Q

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 03.09.2012

SHAREHOLDING DETAILS FILE ATTACHED

AS ON 03.09.2012

Equity Share Breakup	Percentage of Holding
Category
Nationalised or other banks	0.01
Mutual funds	0.01
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	96.51
Bodies corporate	0.05
Other top fifty shareholders	0.02
Others	3.40
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer and Trader of Air and Gas Compressors, Pneumatic Tools, Spares and Accessories.

Products :

ITC Code	Product Descriptions
8414.40	Air and Gas Compressors
8207.11	Pneumatic Tools
8414.90	Spares
8467.89	Accessories

PRODUCTION STATUS (AS ON 31.03.2012)

Particulars	Unit	Licensed Capacity	Installed Capacity	Actual Production Qty.
A. Manufactured
Air, gas and screw compressors and dryers	Nos.	11,500	11,500	12,234
Pneumatic tools	Nos.	75,000	75,000	60,573
Rock drilling equipments	Nos.	16,900	16,900	27,277
Road construction equipments	Nos.	1,000	1,000	688
B. Trading
Pneumatic tools	Nos.	--	--	38,275

Notes:

(1) The licensed capacity is as represented by the management and relied upon by the auditors.

(2) The installed capacity has been certified by the Management and relied upon by the auditors, this being a technical matter.

GENERAL INFORMATION

No. of Employees :

Not Available

Bankers :

Ø Citibank N.A., First Floor, Onyx Towers, Near Westin Hotel, North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India

Ø Citibank N.A., Parmar House, 2413, East Street Camp, Pune - 411001, Maharashtra, India

Facilities :

Secured Loans	31.03.2012 (15 Months)	31.12.2010 (12 Months)
	(Rs. In Millions)
Working capital loans banks secured	157.273	116.142
Total	157.273	116.142
Footnotes (A) Cash Credit. Secured by hypothecation of the Company's Stock in Trade and Receivables (both present and future)

Banking Relations :	--
Auditors :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	706, B Wing, 7th Floor, ICC Trade Tower Senapati Bapat Road, Pune – 411016, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AABFD7919A
Holding Company :	Atlas Copco AB, Sweden
Common Control (List of companies with whom there were transactions during the year) :	Ø ABAC Aria Compressa S.p.A., Italy Ø Air Compressors and Tools Limited, United Kingdom Ø Atlas Copco (Botswana) (Pty) Limited, Botswana Ø Atlas Copco (China) Investment Company Limited, China Ø Atlas Copco (Cyprus) Limited, Cyprus Ø Atlas Copco (Malaysia) Sdn. Bhd., Malaysia Ø Atlas Copco (N.Z.) Limited, New Zealand Ø Atlas Copco (Nanjing) Construction and Mining Equipment Limited, China Ø Atlas Copco (Philippines) Inc. Philippines Ø Atlas Copco (Schweiz) AG Switzerland Ø Atlas Copco (Shanghai) Process Equipment Company Limited, China Ø Atlas Copco (Shanghai) Trading Company Limited, China Ø Atlas Copco (Shenyang) Construction and Mining Equipment Limited, China Ø Atlas Copco (South East Asia) Pte Limited, Singapore Ø Atlas Copco (Thailand) Limited, Thailand Ø Atlas Copco (Wuxi) Compressor Company Limited, China Ø Atlas Copco (Wuxi) Exploration Equipment Limited, China Ø Atlas Copco (Zambia) Limited, Zambia Ø Atlas Copco (Zhangjiakou) Construction and Mining Equipment Limited, China Ø Atlas Copco A.D., Serbia Ø Atlas Copco AB, Sweden Ø Atlas Copco Airpower N.V., Belgium Ø Atlas Copco Angola Lda, Angola Ø Atlas Copco Anlegg- og Gruveteknikk A/S, Norway Ø Atlas Copco Application Center Europe GmbH, Germany Ø Atlas Copco Argentina S.A.C.I., Argentina Ø Atlas Copco ASAP N.V., Belgium Ø Atlas Copco Assembly Systems LLC, USA Ø Atlas Copco Australia Pty Limited, Australia Ø Atlas Copco Bangladesh Limited, Bangladesh Ø Atlas Copco Belgium N.V., Belgium Ø Atlas Copco BLM S.R.L., Italy Ø Atlas Copco Brasil Ltda, Brazil Ø Atlas Copco Bulgaria EOOD, Bulgaria Ø Atlas Copco Canada Inc., Canada Ø Atlas Copco Central America SA, Panama Ø Atlas Copco Central Asia LLP, Kazakhstan Ø Atlas Copco Chilena S.A.C., Chile Ø Atlas Copco China/Hong Kong Limited, Hong Kong Ø Atlas Copco CMT and CT Nigeria Limited, Nigeria Ø Atlas Copco CMT Sweden AB, Sweden Ø Atlas Copco Colombia Ltda, Colombia Ø Atlas Copco Compressor AB, Sweden Ø Atlas Copco Compressors LLC, USA Ø Atlas Copco Compressuers SAS, France Ø Atlas Copco Comptec LLC, USA Ø Atlas Copco Construction Mining Technique USA LLC, USA Ø Atlas Copco Construction Tools AB, Sweden Ø Atlas Copco Construction Tools GmbH, Germany Ø Atlas Copco Craelius AB, Sweden Ø Atlas Copco Crepelle S.A.S., France Ø Atlas Copco Customer Finance AB, Sweden Ø Atlas Copco D.O.O., Croatia Ø Atlas Copco DRC SPRL, Congo Ø Atlas Copco Drilling Solutions LLC, USA Ø Atlas Copco Eastern Africa Limited, Kenya Ø Atlas Copco Energas GmbH, Germany Ø Atlas Copco Equipment Egypt S.A.E., Egypt Ø Atlas Copco Forage et Construction S.A.S., France Ø Atlas Copco Ges. m.b.H , Austria Ø Atlas Copco Ghana Limited, Ghana Ø Atlas Copco Hellas AE, Greece Ø Atlas Copco Holdings South Africa (Pty) Limited, South Africa Ø Atlas Copco Hurricane LLC, USA Ø Atlas Copco Italia S.p.A., Italy Ø Atlas Copco KK, Japan Ø Atlas Copco Kompressorteknik A/S, Denmark Ø Atlas Copco Limited, United Kingdom Ø Atlas Copco Mafi-Trench Company LLC, USA Ø Atlas Copco MAI GmbH, Austria Ø Atlas Copco Makinalari Imalat AS, Turkey Ø Atlas Copco Mali Sarl, Mali Ø Atlas Copco Maroc SA, Morocco Ø Atlas Copco MCT GmbH, Germany Ø Atlas Copco Mexicana S.A. de C.V., Mexico Ø Atlas Copco Mfg. Korea Company Limited, South Korea Ø Atlas Copco MiddleEast FZE, UAE Ø Atlas Copco Mongolia LLC, Mongolia Ø Atlas Copco Nederland B.V., Netherlands Ø Atlas Copco Pakistan (Pvt) Limited, Pakistan Ø Atlas Copco Peruana SA, Peru Ø Atlas Copco Polska Sp. Z.o.o., Poland Ø Atlas Copco Powercrusher GmbH, Austria Ø Atlas Copco Rental Europe N.V, Belgium Ø Atlas Copco Rental LLC, USA Ø Atlas Copco Rock Drills AB, Sweden Ø Atlas Copco Romania S.R.L., Romania Ø Atlas Copco S.A.E., Spain Ø Atlas Copco s.r.o., Czech Republic Ø Atlas Copco Secoroc AB, Sweden Ø Atlas Copco Secoroc LLC, USA Ø Atlas Copco Services Middle East OMC, Bahrain Ø Atlas Copco Services Middle East SPC, UAE Ø Atlas Copco South Africa (Pty) Limited, South Africa Ø Atlas Copco Taiwan Limited, Taiwan Ø Atlas Copco Tanzania Limited, Tanzania Ø Atlas Copco Tools AB, Sweden Ø Atlas Copco Tools Central Europe GmbH, Germany Ø Atlas Copco Venezuela SA, Venezuela Ø Atlas Copco Vietnam Company Limited ,Vietnam Ø Atlas Copco Zimbabwe (Private) Limited, Zimbabwe Ø BeaconMedaes LLC, USA Ø Ceccato Aria Compressa S.p.A,. Italy Ø Chicago Pneumatic Construction Equipment AB, Sweden Ø Chicago Pneumatic Tool Company LLC, USA Ø Compresseurs Worthington Creyssensac S.A.S., France Ø Desoutter GmbH, Germany Ø Dynapac (China) Compaction and Paving Eq. Company Limited, China Ø Dynapac AB, Sweden Ø Dynapac Brasil Industria e Comercio Ltda, Brazil Ø Dynapac Compaction & Paving Equipment (India) Private Limited, India Ø Dynapac Compaction Equipment AB, Sweden Ø Dynapac GmbH, Germany Ø ETS Georges Renault S.A.S., France Ø Fuji AirTools Company Limited, Japan Ø Greenfield AG, Switzerland Ø Intermech Limited, New Zealand Ø Liuzhou Tech Machinery Company Limited, China Ø Medaes Limited, United Kingdom Ø Oy Atlas Copco Kompressorit Ab, Finland Ø Oy Atlas Copco Rotex Ab, Finland Ø PowerTools Distribution n.v,. Belgium Ø PT Atlas Copco Fluidcon, Indonesia Ø PT Atlas Copco Indonesia, Indonesia Ø Quincy Compressors Inc., USA Ø Shanghai Tooltec Industrial Tool Company Limited, China Ø Shenyang Rui Feng Machinery Limited, China Ø Sociedade Atlas Copco de Portugal Lda, Portugal Ø SPA Atlas Copco Algerie, Algeria Ø TBB Industrial Tools Services GmbH, Germany Ø Atlas Copco Boliviana SA, Bolivia Ø Tooltec (Qingdao) Tool Company Limited, China Ø Vibratechniques S.A.S., France Ø Wuxi Pneumatech Air/Gas Purity Equipment Company Limited, China Ø ZAO Atlas Copco, Russia

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
25,000,000	Equity Shares	Rs. 10/- each	Rs. 250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
22,561,564	Equity Shares	Rs. 10/- each	Rs. 225.616 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.12.2009
SHAREHOLDERS FUNDS
1] Share Capital		225.616	225.616	225.616
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		8028.779	5918.972	4392.304
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		8254.395	6144.588	4617.920
LOAN FUNDS
1] Secured Loans		157.273	116.142	188.345
2] Unsecured Loans		1209.905	76.981	765.693
TOTAL BORROWING		1367.178	193.123	954.038
DEFERRED TAX LIABILITIES		0.000	0.000	0.000
TOTAL		9621.573	6337.711	5571.958
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		2431.726	1795.748	1812.103
Capital work-in-progress		196.429	93.167	16.173
INVESTMENT		0.000	0.000	145.045
DEFERRED TAX ASSETS		214.070	176.055	133.988
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	5418.869	3291.512	2443.450
	Sundry Debtors	4841.490	3820.651	3091.865
	Cash & Bank Balances	305.462	219.256	403.049
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	1550.632	1120.408	780.513
Total Current Assets		12116.453	8451.827	6718.877
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3197.242	2169.792	1852.148
	Other Current Liabilities	913.341	895.433	722.190
	Provisions	1226.522	1113.861	679.890
Total Current Liabilities		5337.105	4179.086	3254.228
Net Current Assets		6779.348	4272.741	3464.649
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		9621.573	6337.711	5571.958

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.12.2009
	SALES
		Operating revenue, net	26166.659	16879.251	12783.799
		Other Income	70.442	76.606	32.353
		TOTAL	26237.101	16955.857	12816.152
Less	EXPENSES
		Consumption materials changes inventories	16216.219	10587.318
		Manufacturing service costs	960.375	470.067
		Contract cost	61.848	75.157
		Employee related expenses	2074.026	1262.190
		Administrative selling other expenses	2974.465	1964.353
		TOTAL	22286.933	14359.085	11011.522
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION		3950.168	2596.772	1804.630
Less	FINANCIAL EXPENSES		47.250	52.594	159.132
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		3902.918	2544.178	1665.498
Less/ Add	DEPRECIATION/ AMORTISATION		580.518	310.247	315.144
Less/ Add	EXCEPTIONAL ITEMS		0.000	254.450	(16.708)
	PROFIT BEFORE TAX		3322.400	2488.381	1313.646
Less	TAX		1081.485	823.259	466.133
	PROFIT AFTER TAX		2240.915	1665.122	847.513
Add	EXCESS PROVISION FOR CURRENT TAXATION IN RESPECT OF EARLIER YEARS		0.000	79.719	0.000
Less	DEFERRED TAX CHARGES IN RESPECT OF EARLIER YEARS		0.000	(87.500)	0.000
	NET PROFIT		2240.915	1657.341	847.513
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		3494.467	2142.799	1350.508
Add	ON ACCOUNT OF AMALGAMATION		0.000	0.000	176.758
Less	APPROPRIATIONS
		Transfer to General Reserve	250.000	175.000	100.000
		Interim Dividend	112.808	112.808	112.808
		Tax on Dividend	18.300	17.865	19.172
				305.673	231.98
	BALANCE CARRIED TO THE B/S		5354.274	3494.467	2142.799
	EARNINGS IN FOREIGN CURRENCY
		FOB Value of exports	3114.103	1814.981	1242.536
		Commission	531.258	336.228	386.411
		Service Income	626.187	350.027	366.973
		Recovery of freight	70.225	17.545	8.856
		Recovery of warranty	54.682	43.329	37.423
	TOTAL EARNINGS		4396.455	2562.110	2042.199
	IMPORTS
		Raw Materials and Components	4148.372	2791.610	2086.995
		Capital Goods	188.429	52.257	33.895
		Goods for Resale	4029.917	2450.674	1820.298
	TOTAL IMPORTS		8366.718	5294.541	3941.188
	Earnings Per Share (Rs.)		99.32	73.46	38.05

KEY RATIOS

PARTICULARS		31.03.2012 (15 Months)	31.12.2010 (12 Months)	31.12.2009
PAT / Total Income	(%)	8.54	9.82	6.61
Net Profit Margin (PBT/Sales)	(%)	12.70	14.74	10.28
Return on Total Assets (PBT/Total Assets}	(%)	22.84	24.28	15.40
Return on Investment (ROI) (PBT/Networth)		0.40	0.40	0.28
Debt Equity Ratio (Total Debt/Networth)		0.17	0.03	0.21
Current Ratio (Current Asset/Current Liability)		2.27	2.02	2.06

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	Yes
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	Yes
34]	External Agency Rating, if available	Yes

LITIGATION DETAILS:

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

STAMP NO: FAST/30595/2012 FILING DATE: 01.11.2012

PETITIONER: EMPLOYEES STATE INSURANCE CORPORATION RESPONDENT: ATLAS COPCO (INDIA) LIMITED

PETN.ADV: SHAILESH PATHAK

DISTRICT: NASHIK

BENCH: SINGLE

STATUS: PRE-ADMISSION

LAST DATE: 19.11.2012 STAGE:

LAST CORAM: REGISTRAR [JUDICIAL]

ACT: Employees State Insurance Act, 1948 UNDER SECTION: 82

UNSECURED LOANS

Unsecured Loans	31.03.2012 (15 Months)	31.12.2010 (12 Months)
	(Rs. In Millions)
Working capital loans banks unsecured	1116.114	0.999
Finance lease obligation long-term unsecured	93.791	75.982
Total	1209.905	76.981
Footnotes: (A) Buyers Credit / Packing Credit/Working Capital Demand Loan (B) Loans and Advances from other than Banks (in respect of assets taken on finance lease). (repayable within one year Rs 27.375 Millions

OPERATIONS:

The figures for current period ended 31st March 2012 are for fifteen months and are therefore not comparable with those of previous year.

The total revenue for the period ended 31st March, 2012 was Rs. 26237.100 Millions against Rs 16955.900 Millions for the previous year ended 31^st December, 2010, showing an annualised growth of 24% over previous year. The profit before exceptional items and taxes for the period ended 31st March, 2012 was to Rs. Rs.3322.400 Millions against Rs. 2233.900 Millions for the previous year ended 31st December, 2010, showing an annualised increase of 19% over previous year.

The Indian economy is expected to grow at about 5.7% during the year 2012/13. The pace of policy reforms is very slow and is unlikely to catch up the expectations. Interest rates are steady at a higher level and inflation pressure is mounting. The overall economic environment is not very conducive for a promising growth. Despite such an uncertain business environment, your Company is looking forward for a reasonably good and stable performance for the coming year, barring unforeseen circumstances.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	U27106PN1960PLC020566
Name of the company	ATLAS COPCO (INDIA) LIMITED
Address of the registered office or of the principal place of business in India of the company	Sveanagar, Mumbai-Pune Road, Dapodi, Pune - 411012, Maharashtra, India Email: investors.grievances@in.atlascopco.com
This form is for	Modification of charge
Charge identification number of the modified	10095906
Type of charge	Book debts Movable property (not being pledge)
Particular of charge holder	Citibank N.A., First Floor, Onyx Towers, Near Westin Hotel, North Main Road, Koregaon Park, Pune - 411001, Maharashtra, India Email: harvansh.grover@citi.com
Nature of description of the instrument creating or modifying the charge	Joint deed of hypothecation dated 20th January 2012.
Date of instrument Creating the charge	20.01.2012
Amount secured by the charge	Rs. 2180.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest Interest shall be charged on the outstanding in the said account(s) at such rate or rates as may be determined by the said banks from time to time Terms of Repayment As per terms and conditions specified in the joint deed of hypothecation dated 20th January 2012. Margin As per terms and conditions specified in the joint deed of hypothecation dated 20th January 2012. Extent and Operation of the charge Pari-passu charge on all of the company's stock in trade, receivables and movable plant and machinery (both present and future). Others Working capital facilities of Rs. 2,180 million.
Short particulars of the property charged	All of the company's stock in trade, receivables and movable plant and machinery (both present and future).
Date of Modification	13.03.2008
Particulars of the present modification	Pari-passu charge on all of the Company's Stock-in-Trade, Receivables and Movable Plant and Machinery (Both present and future) was created on working capital facilities Rs. 1,085 Million Joint Deed of Hypothecation dated 13th March, 2008 which has now been modified due to increase in limits to Rs 2180 Million. Also name of one banker HSBC Bank has been newly added in the list of consortium banks in the agreement dated 20th January 2012.

CONTINGENT LIABILITY:

(Rs. in millions)

Particulars	31.03.2012	31.03.2011
Income Tax matters	505.926	382.869
Sales Tax matters	50.859	50.859
Excise Duty / Service Tax	51.050	21.180
Bills Discounted etc.	267.871	186.821
Claims against the company not acknowledged as debts	56.058	52.535
Total	931.764	694.264

FIXED ASSETS:

Ø Goodwill

Ø Drawings and Designs

Ø Land (Freehold)

Ø Land (Leasehold)

Ø Factory Building

Ø Residential Premises

Ø Electrical Installments

Ø Workshops Machinery

Ø Patterns, Dies, Templates

Ø Vehicles

Ø Furniture Fittings

Ø Office Equipments

Ø Rental equipment

PRESS RELEASE:

ATLAS COPCO REMAINS ON DOW JONES SUSTAINABILITY INDEXES

2012-09-14

Stockholm, Sweden, September 14, 2012: Atlas Copco has been selected for inclusion in the Dow Jones Sustainability Indexes in 2012/2013. The indexes list the world’s leading sustainability-driven companies.

Atlas Copco was included in the Dow Jones Sustainability indexes in 2007/2008 and once again in 2011/2012. Membership in the sustainability indexes is based on an annual assessment and comparison between industry peers. The assessment focuses on management of opportunities and risks deriving from economic, environmental and social developments. Aspects such as corporate governance and strategy are taken into account, as well as key performance indicators such as emissions and waste.

For asset managers focused on investing in sustainable companies, the indexes provide a benchmark to measure the performance of their investments.

Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2011, Atlas Copco had 37 500 employees and revenues of BSEK 81 (BEUR 9).

ATLAS COPCO REMAINS ON FORBES INNOVATION LIST

2012-09-14

Stockholm, Sweden, September 14, 2012: Atlas Copco has also in 2012 been included on a list of the world’s 100 most innovative companies, published on the website of the renowned business magazine Forbes.

Atlas Copco is number 84 on the list, which calculates an “innovation premium” based on a company’s market capitalization compared to anticipated cash flows from the company.

This premium shows which companies investors expect to generate good returns through future innovations. By this measure, Salesforce.com is currently deemed to be the world’s most innovative company.

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. 56.42
UK Pound	1	Rs. 86.54
Euro	1	Rs. 73.86

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	7
PAID-UP CAPITAL	1~10	7
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	7
--LEVERAGE	1~10	7
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	YES
--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		63

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.