MIRA INFORM REPORT

Report Date :

30.05.2013

IDENTIFICATION DETAILS

Name :	EAGLEBURGMANN INDIA PRIVATE LIMITED (w.e.f.31.03.2009)
Formerly Known As :	SEALOL HINDUSTAN PRIVATE LIMITED
Registered Office :	Plot No 64, Ramtekadi Industrial Area, Hadapsar, Pune, Maharashtra-411013
Country :	India
Financials (as on) :	31.12.2011
Date of Incorporation :	11.12.1973
Com. Reg. No.:	11-030296
Capital Investment / Paid-up Capital :	Rs. 29.201 Millions
CIN No.: [Company Identification No.]	U29299PN1973PTC030296
TAN No.: [Tax Deduction & Collection Account No.]	PNEE00631B
PAN No.: [Permanent Account No.]	AABUG5287P
Legal Form :	Private Limited Liability Company
Line of Business :	Manufacture and Sale of Seals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

A (66)

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 9200000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and a reputed company having fine track record. The financial position of the company is sound and healthy performance capability is high. Trade relations are reported as trustworthy. Business is active. Payments are reported to be regular and as per commitment. The company can be considered good 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

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 64, Ramtekadi Industrial Area, Hadapsar, Pune, Maharashtra, India.
Tel. No.:	91-20-26812901
Fax No.:	91-20-26812915
E-Mail :	animesh.bagchi@in.eagleburgmann.com ebipl.pune@in.eagleburgmann.com
Website :	http://www.eagleburgmann.com
Corporate Office :	1-12-15, Shiba-Diamon, Minato-Ku, Tokyo 105-8587, Japan
Branches :	Located at : · Bangalore · Vadodara · Chennai · New Delhi · Guwahati · Hyderabad · Jamnagar · Cochin · Kolkata · Kota · Mumbai · New Panvel · Surat · Vapi · Chennai

DIRECTORS

As on : 29.06.2012

Name :

Mr. Jimmy Minoo Panthaki

Designation :

Managing Director

Address :

Wadia Building 6 Babulnath Road, Mumbai-400007, Maharashtra, India.

Date of Birth/Age :

11.11.1945

Date of Appointment :

01.04.2010

Din No.:

00055599

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Managing director	01-04-10	03-09-80	-	Active	NO
2	U51503PN1990PTC057161	EAGLE SEALS AND SYSTEMS EXPORTS LIMITED	Director	09-07-90	09-07-90	-	Amalgamated	NO
3	U45200MH1993PTC071508	SAURABH VASTU NIRMAN PRIVATE LIMITED	Director	06-10-94	06-10-94	26-05-10	Active	NO
4	U65993MH1999PTC239200	NOBLE TECHNOLOGIES PRIVATE LIMITED	Director	13-09-03	13-09-03	-	Active	NO
5	U72100MH2006PTC160827	FALCON DISASTER RECOVERY SERVICES PRIVATE LIMITED	Director	29-03-06	29-03-06	-	Active	NO
6	U65993PN1992PTC070112	TANAY LEASING AND FINANCE PVT.LTD.	Director	24-09-08	01-10-07	-	Active	NO
7	U15130MH1989PTC052841	FALCON IT ENABLED SERVICES PRIVATE LIMITED	Director	24-09-08	07-11-07	-	Active	NO
8	U29299PN2008PTC132542	EKK EAGLE PRODUCTS INDIA PRIVATE LIMITED	Director	31-07-08	31-07-08	-	Active	NO

Name :

Mr. Kirit Natverlal Shah

Designation :

Director

Address :

701, Mount J P Road, Versova, Andheri (w) Mumbai-400061, Maharashtra, India.

Date of Birth/Age :

11.11.1949

Date of Appointment :

17.07.2008

Din No.:

00055824

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	U51500MH2005PTC154701	BKB TRADING AND CONSULTANTS PRIVATE LIMITED	Director	11-07-05	11-07-05	-	Active	NO
2	U51503PN1990PTC057161	EAGLE SEALS AND SYSTEMS EXPORTS LIMITED	Director	09-09-06	06-06-06	-	Amalgamated	NO
3	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	17-07-08	24-10-07	-	Active	NO
4	U29299PN2008PTC132542	EKK EAGLE PRODUCTS INDIA PRIVATE LIMITED	Director	31-07-08	31-07-08	-	Active	NO

Name :

Mr. Masaki Nakao

Designation :

Director

Address :

2-30-16, Higashikaigan, Minami, Chagasaki, Kangawa, Japan

Date of Birth/Age :

09.04.1955

Date of Appointment :

29.06.2012

DIN No.:

00399823

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	U51503PN1990PTC057161	EAGLE SEALS AND SYSTEMS EXPORTS LIMITED	Director	09-09-06	06-06-06	22-11-08	Amalgamated	NO
2	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	29-06-12	06-06-06	-	Active	NO
3	U74999MH1993PTC074893	BURGMANN INDIA PVT LTD	Director	13-06-08	09-08-07	-	Amalgamated	NO
4	U29299PN2008PTC132542	EKK EAGLE PRODUCTS INDIA PRIVATE LIMITED	Director	04-09-12	01-12-08	-	Active	NO

Name :

Mr. Yasunari Unemura

Designation :

Director

Address :

5-2-31-Hingashikaigan, Minami Chigasaki, Kangawa, Japan

Date of Birth/Age :

12.03.1950

Date of Appointment :

06.09.2005

Din No.:

00494161

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	06-09-05	06-09-05	-	Active	NO
2	U51503PN1990PTC057161	EAGLE SEALS AND SYSTEMS EXPORTS LIMITED	Director	09-09-06	06-06-06	22-11-08	Amalgamated	NO
3	U74999MH1993PTC074893	BURGMANN INDIA PVT LTD	Director	13-06-08	09-08-07	-	Amalgamated	NO
4	U29253MH2011PTC224968	EAGLEBURGMANN MASCOT INDIA PRIVATE LIMITED	Nominee director	04-04-12	04-04-12	-	Active	NO

Name :

Mr. Lokanathann Nanjundeshwarachari Kaveripattin

Designation :

Director

Address :

B-36 341 Migcolony, Betagaya Ku, Tokyo – 1560043, Japan

Date of Birth/Age :

15.12.1952

Date of Appointment :

20.06.2011

Din No.:

01908421

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	U74999MH1993PTC074893	BURGMANN INDIA PVT LTD	Director	13-06-08	19-11-07	-	Amalgamated	NO
2	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	20-06-11	03-08-10	-	Active	NO

Name :

Mr. Tetsuji Tsure

Designation :

Director

Address :

7-1-21-509, Minami Ayoma, Minato-Ku, Tokyo, Japan.

Date of Birth/Age :

16.08.1949

Date of Appointment :

20.01.1999

Din No.:

02302960

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	20-01-99	20-01-99	-	Active	NO
2	U51503PN1990PTC057161	EAGLE SEALS AND SYSTEMS EXPORTS LIMITED	Director	09-09-06	06-06-06	22-11-08	Amalgamated	NO
3	U74999MH1993PTC074893	BURGMANN INDIA PVT LTD	Director	13-06-08	09-08-07	-	Amalgamated	NO

Name :

Mr. Takafumi Tsuchiya

Designation :

Director

Address :

1044-14,Hamanogo, Chigasaki Shi Kahagawa, Japan

Date of Birth/Age :

30.01.1957

Date of Appointment :

29.06.2009

Din No.:

02410798

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	29-06-09	24-10-08	-	Active	NO
2	U29253MH2011PTC224968	EAGLEBURGMANN MASCOT INDIA PRIVATE LIMITED	Nominee director	04-04-12	04-04-12	-	Active	NO

Name :

Mr. Gurbax Singh

Designation :

Director

Address :

W 302, Sacred Heart, Town Wanowarie, Pune-411040, Maharashtra, India.

Date of Birth/Age :

10.06.1960

Date of Appointment :

11.05.2010

Din No.:

02831789

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	11-05-10	29-10-09	-	Active	NO

Name :

Mr. Atul Bivalkar

Designation :

Director

Address :

Suryaprabha Garden, Bibwewadi Kondhawa Road, Pune-411024, Maharashtra, India

Date of Birth/Age :

05.06.1970

Date of Appointment :

11.05.2010

Din No.:

02831794

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	11-05-10	29-10-09	-	Active	NO

Name :

Mr. Kazuyoshi Yoshihisa Kojima

Designation :

Director

Address :

Grevelia M 804, Magariattra City, Hadapsar, Pune-411028, Maharashtra, India

Date of Birth/Age :

21.10.1944

Date of Appointment :

11.05.2010

Din No.:

02994513

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	11-05-10	22-02-10	-	Active	NO

Name :

Mr. Kazuo Karube

Designation :

Director

Address :

696, Matsubara, ZSetagaya Ku, Tokyo – 1560043, Japan

Date of Birth/Age :

30.04.1959

Date of Appointment :

20.06.2011

Din No.:

03196047

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	U29299PN1973PTC030296	EAGLEBURGMANN INDIA PRIVATE LIMITED	Director	20-06-11	03-08-10	-	Active	NO
2	U29253MH2011PTC224968	EAGLEBURGMANN MASCOT INDIA PRIVATE LIMITED	Nominee director	04-04-12	22-12-11	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Bharti Vijay Gangwani
Designation :	Secretary
Address :	IRIS A 401, Magarpatta City, Hadapsar, Pune – 411028, Maharashtra, India
Date of Birth/Age :	16.04.1982
PAN No :	ANNPM6813D
Date of Appointment :	16.10.2008

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on ; 29.06.2012

Names of Shareholders	No. of Shares
Eagle Industry Company Limited (Japan)	112813
Gulati Ashish	1
Seth Nidhi	1
Gupta Nirvaankumar	1
Berry Rohit	1
Garg Saurabh	1
Sharma Shishir	1
Burgmann International GMBH (Germany)	112819
EBI Asia Pte Limited (Singapore)	66372
Total	292010

Equity Share Break up (Percentage of Total Equity)

As on : 29.06.2012

Category	Percentage
Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacture and Sale of Seals.
Products :	Industrial Product

PRODUCTION STATUS : 31.12.2010

Licensed Capacity :

The products manufactured and sold by the company i.e., Mechanical Seals and Spares have not been include in the list of mandatory items, which require a license under the new industrial policy in terms of notification no. S.O. 477(E) dated 25^th July, 1991 and hence, licensing requirements are not applicable to the products manufactured by the company.

Installed Capacity :

The installed capacities are not precisely ascertainable, given the nature of operations, changes in product mix and utilization of manufacturing facilities, and hence, have not been disclosed.

Production :

Particulars	Unit	31.12.2010
Mechanical Seals and Spares	Nos.	523,761

GENERAL INFORMATION

No. of Employees :	Not Available
Bankers :	· Axis Bank Limited, Corporate Banking Branch at 214/215, City Mall, Ganeshkhind Road, Pune – 411007, Maharashtra, India · UTI Bank, Pune Branch, Sterling Plaza, Pune – 411004, Maharashtra, India · State Bank of India, Survey No. 143/1A/1A/1, Kanchanjunga Apartment, Pune – 411028, Maharashtra, India
Facilities :	--

Auditors :
Name :	S.R. Batliboi and Company Chartered Accountants
Address :	C-401, Fourth Floor, Panchshil Tech Park, Near Don Bosco School, Yerwada, Pune-411006, Maharashtra, India.
PAN No.:	AALFS0506L
Associates :	Eagle Industry Company Limited, Japan Burgmann International GmbH EBI Asia Pte Limited
Fellow Subsidaries :	BT-Burgmann S.P.A Burgmann Industries Gmbh and Company Eagle Industry Middle East, Dubai Eagle Newzealand Limited, Newzealand EagleBurgmann (Switzerland) A.G EagleBurgmann Australia EagleBurgmann Canada Inc. EagleBurgmann Do Brazil EagleBurgmann End. Sizd. San. Ve Tic EagleBurgmann Espey Gmbh EagleBurgmann France EagleBurgmann Germany Gmbh and Company KG EagleBurgmann Hungaria KFT EagleBurgmann Iberica S.A. EagleBurgmann Indonesia EagleBurgmann Industries Limited, United State of America EagleBurgmann Italia S.R.L. EagleBurgmann Japan Company Limited , Japan EagleBurgmann Korea Company Limited, Korea EagleBurgmann Manufacturing, Malaysia EagleBurgmann Middle East FZE EagleBurgmann Netherland EagleBurgmann OOO EagleBurgmann Philippines Inc EagleBurgmann S.A.S France EagleBurgmann Saudi Arabia Limited, Saudi Arabia EagleBurgmann Seals South Africa EagleBurgmann Singapore Pte Limited, Singapore EagleBurgmann Taiwan Company Limited, Taiwan EagleBurgmann Thailand Company Limited, Thailland EagleBurgmann Vietnam Company Limited EKK Eagle Industry Limited, India EKK Eagle Products India Private Limited, India Gustav Espey GmbH Pt EagleBurgmann Indonesia

CAPITAL STRUCTURE

As on : 29.06.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
1200000	Equity Shares	Rs. 100/- each	Rs. 120.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
292010	Equity Shares	Rs. 100/- each	Rs. 29.201 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.12.2011	31.12.2010	31.12.2009
SHAREHOLDERS FUNDS
1] Share Capital		29.201	29.201	29.201
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		2271.076	1756.424	1352.164
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		2300.277	1785.625	1381.365
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		16.512	14.298	21.462
TOTAL		2316.789	1799.923	1402.827
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		654.304	602.665	516.078
Capital work-in-progress		20.339	5.638	22.131
INVESTMENT		667.304	363.773	141.492
DEFERRED TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	513.806	341.553	292.695
	Sundry Debtors	542.268	512.203	492.511
	Cash & Bank Balances	165.390	189.632	95.054
	Other Current Assets	30.175	3.556	0.000
	Loans & Advances	128.113	59.493	81.798
Total Current Assets		1379.752	1106.437	962.058
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	240.845	108.219	174.232
	Other Current Liabilities	110.001	108.250	24.763
	Provisions	54.064	62.121	39.937
Total Current Liabilities		404.910	278.590	238.932
Net Current Assets		974.842	827.847	723.126
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		2316.789	1799.923	1402.827

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.12.2011	31.12.2010	31.12.2009
	SALES
		Income			1775.539
		Other Income			64.912
		TOTAL (A)	2687.420	2160.570	1840.451
Less	EXPENSES
		Raw Material Consumed			688.152
		Decrease / (increase) in Inventories			1.778
		Personnel Expenses			299.859
		Operating and Other Expenses			320.398
		TOTAL (B)	1849.340	1521.770	1310.187
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		838.080	638.800	530.264
Less	FINANCIAL EXPENSES (D)		7.270	6.000	8.621
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		830.810	632.800	521.643
Less/ Add	DEPRECIATION/ AMORTISATION (F)		58.640	51.210	42.365
	PROFIT BEFORE TAX (E-F) (G)		772.170	581.590	479.278
Less	TAX (H)		257.520	177.330	159.036
	PROFIT AFTER TAX (G-H) (I)		514.650	404.260	320.242
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		1454.110	1049.850	1036.842
Less	APPROPRIATIONS		1968.760	1454.110	1349.821
	BALANCE CARRIED TO THE B/S		1968.760	1454.110	1049.852
	EARNINGS IN FOREIGN CURRENCY
		Export of goods on F.O.B. basic	NA	119.255	121.539
		Commission Income	NA	7.682	17.676
	TOTAL EARNINGS		NA	126.937	139.215
	IMPORTS
		Raw Materials	NA	164.335	91.044
		Stores & Spares	NA	1.728	65.389
		Capital Goods	NA	20.848	11.866
	TOTAL IMPORTS		NA	186.911	168.299
	Earnings Per Share (Rs.)		1762.44	1384.40	1045.00

KEY RATIOS

PARTICULARS		31.12.2011	31.12.2010	31.12.2009
PAT / Total Income	(%)	19.15	18.71	17.40
Net Profit Margin (PBT/Sales)	(%)	0.00	0.00	26.99
Return on Total Assets (PBT/Total Assets}	(%)	37.96	34.03	32.42
Return on Investment (ROI) (PBT/Networth)		0.34	0.33	0.35
Debt Equity Ratio (Total Debt /Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		3.41	3.97	4.03

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 two years	Yes
12]	Profitability for last two 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	No
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	No
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

NOTE :

The registered office of the company has been shifted from S.No 212/2 Pune Sholapur, Rdhadapsar, Pune-411028, Maharashtra, India to the present address w.e.f. 24.03.2009.

BANKERS CHARGES REPORT AS PER REGISTRY :

Corporate identity number of the company	U29299PN1973PTC030296
Name of the company	EAGLE BURGMANN INDIA PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	Plot No 64, Ramtekadi Industrial Area Hadapsar, Pune-411013, Maharashtra, India Email : animesh.bagchi@in.eagleburgmano.com
This form is for	Modification of charge
	10121137
Type of charge	Others (Interchangability of limits)
Particular of charge holder	Axis Bank Limited, Corporate Banking Branch at 214/215, City Mall, Ganeshkhind Road, Pune – 411007, Maharashtra, India Email : upendra.barve@axisbank.com
Nature of instrument creating charge	1) Link Document for sublimit 2) Sanction Letter (Both the documents executed for a single charge)
Date of instrument Creating the charge	03/09/2012
Amount secured by the charge	Rs. 65.000 Millions
Brief of the principal terms an conditions and extent and operation of the charge	Rate of interest : As per Agreement with the Bank Terms of repayment : As per Agreement with the Bank Margin : As per Agreement with the Bank Extent and operation of the charge : Details of Facilities (Rs. in Crores) - Cash Credit 2, BG/SBLC 4.5, LC(Sub-limit of BG) (0.50), Total Rs.650.000 Millions. The charge on hypothecated & mortgaged assets shall continue till full repayment of Loan.
Short particulars of the property charged (Including location of the property)	Primary Security: First Hypothecation charge on entire current assets of the company, both present and future, on pari passu basis with HDFC bank. Collateral security: Exclusive Hypothecation Charge on entire movable fixed assets located at A.K. Industrial Estate, Veer Savarkar Flyover S.V.Road, Goregaon (West) Mumbai - 400062, Maharashtra, India both present and future.
Date of instrument modifying the charge	03/08/2011
Particulars of the present modification	SBLC Limit is sanctioned. The said limit is fully interchangeable with existing BG Limit. The terms and conditions of the said SBLC Limit remain same as existing BG Limit. As of now, Facility structure stands as(Rs. in Crores) - Cash Credit 2, BG/SBLC 4.5, LC(Sub-limit of BG) (0.50), Total Rs.650.000 Millions.

FIXED ASSETS

• Leasehold Land
• Freehold Land
• Factory Building
• Office Premise
• Plant and Machinery
• Furniture Fixture and Office Equipments
• Computers and Computer Peripherals
• Vehicles

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. 56.24
UK Pound	1	Rs. 84.54
Euro	1	Rs. 72.32

INFORMATION DETAILS

Report Prepared by :

NIS

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	8
--LIQUIDITY	1~10	8
--LEVERAGE	1~10	8
--RESERVES	1~10	8
--CREDIT LINES	1~10	8
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		66

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.