MIRA INFORM REPORT

Report Date :

22.11.2013

IDENTIFICATION DETAILS

Name :	AMBER ENTERPRISES INDIA PRIVATE LIMITED
Registered Office :	C 1, Phase II, Focal Point, Rajpura Town – 140 401, Punjab
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	02.04.1990
Com. Reg. No.:	16-010265
Capital Investment / Paid-up Capital :	Rs.143.238 Millions
CIN No.: [Company Identification No.]	U28910PB1990PTC010265
TAN No.: [Tax Deduction & Collection Account No.]	PTLA11313B / PTLA11284A
Legal Form :	Private Limited Liability Company
Line of Business :	The Company is Primarily Engaged in the Business of Manufacturing of Electronic Consumer Goods.
No. of Employees :	250 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

Ba (48)

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

Maximum Credit Limit :	USD 3040000
Status :	Satisfactory
Payment Behaviour :	Usually correct
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. External borrowing of the company has increased. However, overall financial position of the company appears to be good. Trade relations are reported to be fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealing 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

INDIAN ECONOMIC OVERVIEW

The current downturn provides an opportunity to push ahead with reforms to accelerate growth, says the latest India Development Update report released by the World Bank. The report says that the adverse effects of rupee depreciation are likely to be offset by the gains in the exports performance due to improved external competitiveness. Since May this year, the local currency has depreciated substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.

A stagflation like situation appears to have arisen as inflation jumped to an eight month high of 6.46 % for the month of September. It is up from 6.10 % in August. Growth continues to be muted with factory output plunging to 0.6 % in August. Onion prices have risen nearly 300 % from last September. Vegetables cost nearly 90 % more than they did last year. Wake up to the economic contribution of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic product, according to a recent study conducted in 50 top cities.

136000 estimated number of jobs created during the second quarter of the current financial year. 50000 estimated number of additional jobs in the field of corporate social responsibility in the coming years.

The International Finance Corporation expects to come out with its rupee linked bonds issue before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been launched in India from 1^st November.

The Land Acquisition Act to provide just and fair compensation to farmers will come into force from January 1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a 119 year old registration. The Securities and Exchange Board of India has approved the trading of currency futures on the Bombay Stock Exchange. The exchange plans to launch the currency futures platform with advanced trading technology by the end of November.

EXTERNAL AGENCY RATING

Rating Agency Name	ICRA
Rating	Term Loans= BBB+
Rating Explanation	Moderate credit quality and average credit risk.
Date	January, 2013

Rating Agency Name	ICRA
Rating	LC/BG Limits= A2+
Rating Explanation	Strong degree of safety and low credit risk.
Date	January, 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 :	Mr. Birinder
Designation :	Senior Marketing Manager
Contact No.:	91-9718521500
Date :	09.11.2013

LOCATIONS

Registered Office :	C 1, Phase II, Focal Point, Rajpura Town – 140 401, Punjab, India
Tel. No.:	91-1762-22646 / 230570 / 232126 / 231420
Mobile No. :	91-9718521500 (Mr. Birinder)
Fax No.:	91-1762-25570
E-Mail :	amber@ambergroupindia.com birinderchadh@ambergroup.com daljitsingh@ambergroupindia.com
Website :	www.ambergroupindia.com
Factory :	C-38, Ecotech Part-2, Udyog Vihar, Noida – 201 305, Uttar Pradesh, India
Tel. No.:	91-120-2353080
Branch Office :	D-36, 37, 38, Industrial Area, Selaqui, District Dehradun , Uttranchal, India
Tel. No.:	91-135-2698162

DIRECTORS

AS ON 29.09.2012

Name :

Mr. Kartar Singh

Designation :

Whole Time Director

Address :

20-A, SBS Colony, Rajpura – 140 401, Punjab, India

Date of Birth/Age :

02.08.1947

Date of Appointment :

30.09.2010

DIN No. :

00183326

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	U28939PB1989PTC009006	ACME FABRICATIONS PRIVATE LIMITED	Managing director	24/01/1989	24/01/1989	Active	NO
2	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Whole-time director	30/09/2010	02/04/1990	Active	NO
3	U29191PB1998PTC021062	ACAMA APPLIANCES PRIVATE LIMITED	Director	10/02/1998	10/02/1998	Active	NO
4	U00072PB2005PTC029176	AMBER AVIATION (INDIA) PRIVATE LIMITED	Director	14/11/2005	14/11/2005	Active	NO
5	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	08/05/2006	08/05/2006	Active	NO
6	U01120PB2007PTC031196	AMBER ORGANIC FARMING PRIVATE LIMITED	Director	11/06/2007	11/06/2007	Active	NO
7	U74120UR2010PTC033101	AMBER INFRACON AND ENERGY INDIA PRIVATE LIMITED	Director	23/03/2010	23/03/2010	Active	NO

Name :

Mr. Jasbir Singh

Designation :

Managing Director

Address :

20-A, SBS Colony, Rajpura – 140 401, Punjab, India

Date of Birth/Age :

28.05.1975

Date of Appointment :

30.09.2010

DIN No. :

00259632

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	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Managing director	30/09/2010	01/10/2004	-	Active	NO
2	U00072PB2005PTC029176	AMBER AVIATION (INDIA) PRIVATE LIMITED	Managing director	01/12/2008	14/11/2005	-	Active	NO
3	U01120PB2007PTC031196	AMBER ORGANIC FARMING PRIVATE LIMITED	Director	11/06/2007	11/06/2007	-	Active	NO
4	U74120UR2010PTC033101	AMBER INFRACON AND ENERGY INDIA PRIVATE LIMITED	Director	23/03/2010	23/03/2010	01/11/2013	Active	NO
5	U55101DL2009PTC196079	HARVEST HOTELS AND SERVICED APARTMENTS PRIVATE LIMITED	Director	30/12/2010	20/10/2010	-	Active	NO
6	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	15/09/2011	31/08/2011	-	Active	NO
7	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO

Name :

Mr. Daljit Singh

Designation :

Director

Address :

20-A, SBS Colony, Rajpura, Patiala - 140401, Punjab, India

Date of Birth/Age :

Date of Appointment :

01.01.2008

DIN No.:

02023964

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	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Director	30/09/2008	01/01/2008	Active	NO
2	U29190PB2004PTC027594	AMRIT AIRCON SYSTEM PRIVATE LIMITED	Director	15/09/2011	31/08/2011	Active	NO
3	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Managing director	06/04/2013	12/11/2012	Active	NO

Name :

Mr. Sukhmani Lakhat

Designation :

Director

Address :

20-A, SBS Colony, Rajapura, Patiala – 140 401, Punjab, India

DIN No.:

02738985

Name :

Mr. Satyaprakash Ramamurthy

Designation :

Director

Address :

201, Palazzd Residency, 17^th Road, Khar West, Mumbai – 400 052, Maharashtra, India

Date of Appointment :

12.07.2012

DIN No.:

00956349

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	U01541KA1985PTC006784	APPU NUTRITIONS PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
2	U85110KA1988PTC009463	NILGIRI'S MECHANISED BAKERY PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
3	U65910KA1996PTC019885	NILGIRIS FRANCHISE PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
4	U52599KA2006PTC040316	KETTY RETAIL VENTURES PRIVATE LIMITED	Director	14/12/2006	14/12/2006	23/09/2008	Active	NO
5	U85110KA1990PLC011089	DTDC COURIER AND CARGO LIMITED	Director	22/09/2009	21/05/2009	05/07/2013	Active	NO
6	U67190MH2010PTC206408	Elevate Capital Management Private Limited	Director	10/08/2010	10/08/2010	-	Active	NO
7	L28931TN1986PLC012728	Butterfly Gandhimathi Appliances Limited	Nominee director	31/08/2012	11/05/2012	-	Active	NO
8	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Nominee director	12/07/2012	12/07/2012	-	Active	NO
9	U74900MH2010PTC200212	Impact Index Cricket Private Limited	Additional director	01/11/2012	01/11/2012	-	Active	NO
10	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Anand Mundra

Designation :

Director

Address :

L-701, Golden Square, Off. CST Road, Santacruz East, Mumbai, Maharashtra, India

Date of Appointment :

12.07.2012

DIN No.:

03098196

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	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Nominee director	25/09/2010	25/09/2010	30/04/2012	Active	NO
2	U85110KA1990PLC011089	DTDC COURIER AND CARGO LIMITED	Director	14/09/2012	21/03/2012	05/07/2013	Active	NO
3	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Nominee director	12/07/2012	12/07/2012	-	Active	NO
4	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Satvinder Singh

Designation :

Director

Address :

F/703,Mayordhwaj Apartments, 60 IP Extension, Patpargang, Delhi – 110 092, India

Date of Appointment :

29.09.2012

DIN No.:

00164903

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	U74140DL2006PTC157061	Corporatecare Consultants Private Limited	Director	27/12/2006	27/12/2006	-	Active	NO
2	U74900DL2009PTC195655	HARVEST HOLDINGS PRIVATE LIMITED	Director	30/12/2010	06/11/2009	05/03/2013	Active	NO
3	U45400DL2010PTC202709	GRACE REALCON PRIVATE LIMITED	Director	19/05/2010	19/05/2010	-	Active	NO
4	U72900PN2008PTC140418	DURA AUTO SYSTEMS INDIA PRIVATE LIMITED	Director	29/12/2011	28/09/2011	-	Active	NO
5	U28910PB1990PTC010265	AMBER ENTERPRISES INDIA PRIVATE LIMITED	Director	29/09/2012	19/11/2011	-	Active	NO
6	U74899DL1994PTC061471	PICL (INDIA) PRIVATE LIMITED	Director	12/11/2012	12/11/2012	-	Active	NO

KEY EXECUTIVES

Name :	Mr. Birinder
Designation :	Senior Marketing Manager
Name :	Ms. Kanika Kapoor
Designation :	Secretary
Address :	Flat No.87 and 88, Mount View, Ropar, Punjab – 140 001, India
Date of Appointment :	01.03.2012
PAN No.:	BQEPK7183H

MAJOR SHAREHOLDERS

AS ON 29.09.2012

Names of Shareholders	No. of Shares
Kartar Singh	1480320
Kirpal Singh	456800
Daljit Singh	5700880
Jasbir Singh	6685840
Reliance Alternative Investments Services Private Limited, India	3565045
Total	17888885

LIST OF ALLOTEESS:

Names of Shareholders	No. of Shares
Green India Venture Fund, India	2387307
Total	2387307

Equity Share Break up (Percentage of Total Equity)

AS ON 29.09.2012

Category	Percentage
Bodies corporate	19.92
Directors or relatives of Directors	80.08
Total	100.00

BUSINESS DETAILS

Line of Business :	The Company is Primarily Engaged in the Business of Manufacturing of Electronic Consumer Goods.
Products :	· Air Conditioners · Refrigerators · Washing Machines
Terms :
Selling :	Cash, Credit
Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

End Users

No. of Employees :

250 (Approximately)

Bankers :

· Citi Bank N.A.

Jeevan Bharti Building, 4^th Floor, 124, Connaught Circus, Connaught Place, New Delhi – 110 001, Delhi, India

· The Hongkong and Shanghai Banking Corporation Limited

Birla House, 25 Barakhamba Road, New Delhi – 110 001, Delhi, India

· Standard Chartered Bank, Credit Risk Control, Narian Manzil, 23 Barakhamba Road, New Delhi - 110001, India

· HDFC Bank Limited

· Kotak Mahindra Bank

Facilities :

SECURED LOANS	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Fully Convertible Debenture	300.000	0.000
Term Loans from banks	74.840	93.750
Foreign Currency term loan from bank	563.514	380.410
Loan taken for fixed assets	1.573	3.095
Other loans and advances	24.017	49.501
Short Term Borrowings
Term Loans from banks	50.000	50.000
Working capital Loans from banks	261.407	275.064
Loans repayable on demand	190.000	125.000
Other loans and advances	621.617	215.233
Total	2086.968	1192.053

Banking Relations :	--
Auditors :
Name :	R. K. Pahwa and Company
Designation :	Chartered Accountant
Address :	71, Dalima Vihar, Rajpura – 140 401, Punjab, India
Tel No. :	91-1762-223217 (O) / 223417 (R)
Associates :	· Amber Aviation (I) Private Limited · Acme Fabrications Private Limited · Amrit Aircon Systems Private Limited · Amber Infracon Energy Private Limited · Acama Appliances Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
15000000	Equity Shares	Rs. 10/- each	Rs.150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
14323840	Equity Shares	Rs. 10/- each	Rs.143.238 Millions

AFTER 29.09.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
25000000	Equity Shares	Rs. 10/- each	Rs.250.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
20276192	Equity Shares	Rs. 10/- each	Rs.202.762 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	143.238	16.505
(b) Reserves & Surplus	617.250	676.194
(c) Money received against share warrants	0.000	0.000
(2) Share Application money pending allotment	0.000	1.400
Total Shareholders’ Funds (1) + (2)	760.488	694.099
(3) Non-Current Liabilities
(a) long-term borrowings	964.011	526.824
(b) Deferred tax liabilities (Net)	48.628	22.462
(c) Other long term liabilities	0.000	0.000
(d) long-term provisions	0.000	0.000
Total Non-current Liabilities (3)	1012.639	549.286
(4) Current Liabilities
(a) Short term borrowings	1123.024	665.297
(b) Trade payables	1730.429	1497.072
(c) Other current liabilities	117.438	81.671
(d) Short-term provisions	90.408	16.842
Total Current Liabilities (4)	3061.299	2260.882
TOTAL	4834.426	3504.267
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1557.681	987.164
(ii) Intangible Assets	44.480	2.484
(iii) Capital work-in-progress	53.016	262.052
(iv) Intangible assets under development	0.000	0.000
(b) Non-current Investments	9.940	9.94
(c) Deferred tax assets (net)	0.000	0.000
(d) Long-term Loan and Advances	88.996	64.710
(e) Other Non-current assets	0.000	0.000
Total Non-Current Assets	1754.113	1326.350
(2) Current assets
(a) Current investments	0.000	0.000
(b) Inventories	1054.418	727.005
(c) Trade receivables	1487.489	1243.373
(d) Cash and cash equivalents	384.940	62.734
(e) Short-term loans and advances	153.466	97.671
(f) Other current assets	0.000	47.134
Total Current Assets	3080.313	2177.917
TOTAL	4834.426	3504.267

SOURCES OF FUNDS		31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		16.505
2] Share Application Money		1.400
3] Reserves & Surplus		863.464
4] (Accumulated Losses)		0.000
NETWORTH		881.369
LOAN FUNDS
1] Secured Loans		286.400
2] Unsecured Loans		0.067
TOTAL BORROWING		286.467
DEFERRED TAX LIABILITIES		17.127
TOTAL		1184.963
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		1033.997
Capital work-in-progress		23.800
INVESTMENT		14.750
DEFERREX TAX ASSETS		0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	685.926
	Sundry Debtors	435.524
	Cash & Bank Balances	100.473
	Other Current Assets	0.000
	Loans & Advances	119.172
Total Current Assets		1341.095
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	1162.372
	Other Current Liabilities	54.774
	Provisions	14.700
Total Current Liabilities		1231.846
Net Current Assets		109.249
MISCELLANEOUS EXPENSES		3.167
TOTAL		1184.963

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	6201.076	5593.079	5430.830
		Other Income	21.392	14.639	11.366
		TOTAL	6222.468	5607.718	5442.196
Less	EXPENSES
		Raw Materials Consumed	5118.030	4768.419	4790.569
		Other Expenses	777.367	521.158	377.368
		TOTAL	5895.397	5289.577	5167.937
	PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION		327.071	318.141	274.259
Less	DEPRECIATION/ AMORTISATION		133.601	88.123	55.678
	PROFIT/(LOSS) BEFORE TAX		193.470	230.018	218.581
Less	TAX		60.398	35.017	45.224
	PROFIT/(LOSS) AFTER		133.072	195.001	173.357
	Earnings Per Share (Rs.)		7.44	NA	NA

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	2.14	3.48	3.19
Net Profit Margin (PBT/Sales)	(%)	3.12	4.11	4.02
Return on Total Assets (PBT/Total Assets}	(%)	3.70	7.26	9.20
Return on Investment (ROI) (PBT/Networth)		0.25	0.33	0.25
Debt Equity Ratio (Total Debt /Networth)		2.74	1.72	0.33
Current Ratio (Current Asset/Current Liability)		1.09	0.96	1.09

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	No
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	Yes
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

PERFORMANCE:

The performance of subject was encouraging during the year. Subject made a turnover of Rs.6201.000 Millions during the year as compared to a turnover of Rs. 5593.100 Millions made during the previous year. On year to year basis the turnover increased by 10.87%. On profitability front it has been reduced. It made a profit (before tax) of Rs.193.470 Millions during the year as compared to Rs. 230.018 Millions earned during the immediately preceding previous year, which shows a decline. The directors assure you that they will continue to work hard for more profits to achieve new heights in the performance of subject.

UNSECURED LOANS:

Particulars	31.03.2012 Rs. In Millions	31.03.2011 Rs. In Millions
Long Term Borrowings
Loans and advances from directors	0.020	0.020
Loans and advances from others	0.047	0.047
Total	0.067	0.067

INDEX OF CHARGE:

Sr. No.	Charge ID	Date of Charge Creation/Modification	Charge amount secured	Charge Holder	Address	Service Request Number (SRN)
1	10446857	08/11/2013 *	297,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA	B88832902
2	10446874	05/09/2013	150,000,000.00	ICICI BANK LIMITED	LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA	B83954339
3	10451555	03/09/2013	100,000,000.00	HDFC BANK LIMITED	HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI - 400013, MAHARASHTRA, INDIA	B85940278
4	10449626	02/09/2013	100,000,000.00	TATA CAPITAL FINANCIAL SERVICES LIMITED	ONE FORBES, DR. V. B. GANDHI MARG, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA	B85238723
5	10414143	23/08/2013 *	100,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B84600956
6	10414146	23/08/2013 *	150,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B84601749
7	10403125	02/02/2013	128,800,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B68157452
8	10411283	01/02/2013	211,700,000.00	CORPORATION BANK	BHIKAJI CAMA PLACE BRANCH, 3, ANSAL CHAMBERS-I, B HIKAJI CAMA PLACE, NEW DELHI, DELHI - 110066, INDIA	B70609342
9	10401758	02/02/2013 *	80,000,000.00	AXIS BANK LIMITED	2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA	B68156652
10	10393181	18/01/2013 *	75,000,000.00	YES BANK LIMITED	9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI - 400018, MAHARASHTRA,INDIA	B67527549

* Date of charge modification

FIXED ASSETS:

· Air Conditioner

· Building

· Computer

· Car

· Electrical Fittings

· Fire Fighting Equipment

· Furniture and Fixtures

· Generator

· Land

· Laboratory Equipments

· Office Equipments

· Plant and Machinery

· Scooter

· Cycle

· Tools and Dies

· Typewriter

· Tubewell

· Material Handling Trolly and Rack

· Water Cooler

· Water Pump Set

· Xerox Machine

· EPBAX

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 records 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.62.89
UK Pound	1	Rs.101.14
Euro	1	Rs.84.42

INFORMATION DETAILS

Information Gathered by :	PLK
Report Prepared by :	NKT

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	6
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	5
--LEVERAGE	1~10	6
--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
DEFAULTER
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		48

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.