MIRA INFORM REPORT

Report Date :

30.11.2013

IDENTIFICATION DETAILS

Name :	KRYFS POWER COMPONENTS LIMITED (w.e.f. 09.06.2006)
Formerly Known As :	KRYFS LAMINATIONS LIMITED (w.e.f.01.06.2006) KRYFS LAMINATIONS PRIVATE LIMITED
Registered Office :	Aza House, 3^rd Floor, 24 Turner Road, Bandra (West), Mumbai – 400050, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	05.03.1991
Com. Reg. No.:	11-060602
Capital Investment / Paid-up Capital :	Rs. 83.333 Millions
CIN No.: [Company Identification No.]	U25209MH1991PLC060602
TAN No.: [Tax Deduction & Collection Account No.]	MUMK10554F
PAN No.: [Permanent Account No.]	AAACK2791F
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer of Transformer Laminations, Cores, Lifting Slings etc.
No. of Employees :	Not Available

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 6418000
Status :	Satisfactory
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is an established company having satisfactory track record. There appears dip in profit and sales of the company in FY 2012-2013. However, networth seems to be good. Liquidity position seems to be strong. Trade relations are reported to be fair. Business is active. Payment terms are reported to be regular and as per commitment. The company can be considered for 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

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	CARE
Rating	Long term bank facilities : A-
Rating Explanation	Adequate credit quality and average credit risk.
Date	January 24, 2013

Rating Agency Name	CARE
Rating	Short term bank facilities : A2+
Rating Explanation	Strong degree of safety and very high credit risk.
Date	January 24, 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.

LOCATIONS

Registered / Corporate Office :	Aza House, 3^rd Floor, 24 Turner Road, Bandra (West), Mumbai – 400 050, Maharashtra, India
Tel. No.:	91-22-26443533 / 67859999 / 26443522
Fax No.:	91-22-67859999 / 26434462 / 67859988
E-Mail :	sales@kryfs.com abbas0854@yahoo.co.in saif.qureishi@kryfs.com sameer.mogal@kryfs.com ilys.gdriwala@kryfs.com
Website :	www.kryfs.com
Factory 1 :	Kherdi Unit, Survey No. 211/1 and 193/1, Kherdi Main Road, Near HPCL, Kherdi Village, Silvassa -396230, Dadra and Nagar Haveli, Union Territory, India
Tel. No.:	91-260-2677312
Fax No.:	91-260-2677312
Factory 2 :	Palghar, Plot 75, Diwan Industrial Estate, Bidco Road, Mahim Village, Palghar 401404, Maharashtra, India
Tel. No.:	91-9525-25254780

DIRECTORS

AS ON 30.09.2013

Name :

Mr. Saifuddin Fakhruddin Qureishi

Designation :

Managing director

Address :

1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

12.05.1964

Qualification :

M B A (IIM-Bangalore) and BSc. (Physics)

Date of Appointment :

01.04.2013

PAN No.:

AAAPQ0313J

Voter ID No.:

MT/08/036/195568

DIN No.:

00098955

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	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Managing director	01/04/2013	05/03/1991	Active	NO
2	U45400MH2007PTC170137	SHAALI ESTATES PRIVATE LIMITED	Director	20/04/2007	20/04/2007	Active	NO
3	U70102MH2007PTC176237	A.R.S. PROPERTIES PRIVATE LIMITED	Director	27/11/2007	27/11/2007	Active	NO
4	U40104GJ2003PTC042845	PRATIK TRANSFORMERS PRIVATE LIMITED	Director	29/09/2012	10/05/2012	Active	NO
5	U74120MH2012PTC231003	KRYFS ENGINEERING PRIVATE LIMITED	Director	14/05/2012	14/05/2012	Active	NO
6	U85191PN2013PTC146090	LAMONT FITNESS PRIVATE LIMITED	Additional director	24/05/2013	24/05/2013	Active	NO

Name :

Mr. Sanjay Khatau Asher

Designation :

Director

Address :

32, Modi Street, Next to GPO, Fort, Mumbai – 400001, Maharashtra, India

Date of Birth/Age :

26.11.1964

Qualification :

Solicitor LLB & CA

Date of Appointment :

18.05.2006

DIN No.:

00008221

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	U15141MP1992PLC007176	DEWAS SOYA LIMITED	Director	12/09/2011	29/07/1994	19/03/2012	Active	NO
2	U65920MH1994PTC080585	SEENOL FINANCE AND INVESTMENTS PRIVATE LIMITED	Director	27/01/1995	27/01/1995	18/03/2010	Active	NO
3	U24231MH1979PTC020957	FINOLIB CHEMICALS PRIVATE LIMITED	Director	30/09/1995	30/09/1995	-	Amalgamated	NO
4	L31300MH1967PLC016531	FINOLEX CABLES LIMITED	Director	01/07/1998	01/07/1998	-	Active	NO
5	U63000MH1998PTC117292	ALLIED PICKFORDS INDIA PRIVATE LIMITED	Director	01/12/1998	01/12/1998	-	Active	NO
6	U65993MH1980PTC022723	MAJESTY INVESTMENTS PRIVATE LIMITED	Director	18/03/1999	18/03/1999	-	Amalgamated	NO
7	U74999MH1971PTC015021	ORBIT ELECTRICALS PRIVATE LIMITED	Director	18/03/1999	18/03/1999	-	Active	NO
8	U26954MH1969PTC014245	SIPOREX INDIA Private LIMITED	Director	29/04/1999	29/04/1999	-	Active	NO
9	U63000MH1999PTC121101	AL MOVERS PRIVATE LIMITED	Director	02/08/1999	02/08/1999	-	Active	NO
10	L01542KA1995PLC019046	SHREE RENUKA SUGARS LIMITED	Director	05/08/1999	05/08/1999	-	Active	NO
11	U27108TN1999PTC069389	MIGATRONIC INDIA PRIVATE LIMITED	Director	07/09/1999	07/09/1999	29/06/2009	Active	NO
12	U51900MH1999PTC122481	DIAMANT BOART MARKETING PRIVATE LIMITED	Director	01/11/1999	01/11/1999	-	Active	NO
13	L22200MH1993PLC071431	REPRO INDIA LIMITED	Director	02/05/2000	02/05/2000	-	Active	NO
14	U92132MH1995PLC085835	INDUSIND MEDIA AND COMMUNICATION LIMITED	Director	29/06/2000	29/06/2000	31/12/2006	Active	NO
15	U33111MH2000FTC129835	TEVAPHARM INDIA PRIVATE LIMITED	Director	01/12/2000	01/12/2000	08/09/2011	Active	NO
16	U85199MH2002PTC135700	ARJOHUNTLEIGH HEALTHCARE INDIA PRIVATE LIMITED	Director	30/04/2002	30/04/2002	-	Active	NO
17	U66010PN2000PLC015329	BAJAJ ALLIANZ GENERAL INSURANCE COMPANY LIMITED	Director	06/06/2002	06/06/2002	-	Active	NO
18	U66010PN2001PLC015959	BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED	Director	06/06/2002	06/06/2002	-	Active	NO
19	U24230MH2002PTC136896	MEPHA PHARMA INDIA PRIVATE LIMITED	Director	20/08/2002	20/08/2002	-	Strike off	NO
20	U65990MH1993FTC074460	MORGAN STANLEY INVESTMENT MANAGEMENT PRIVATE LIMITED	Director	09/04/2003	09/04/2003	-	Active	NO
21	U41000MH1992PTC067896	FINOLEX PLASSON INDUSTRIES PRIVATE LIMITED	Director	20/09/2003	20/09/2003	-	Active	NO
22	U29260MH2002PTC137202	ZINSER TEXTILE SYSTEMS PRIVATE LIMITED	Director	27/09/2003	27/09/2003	03/07/2013	Active	NO
23	U74140MH2004PTC144831	A L MANAGEMENT PRIVATE LIMITED	Director	03/03/2004	03/03/2004	-	Active	NO
24	L29199GJ1981PLC028741	INTEGRA ENGINEERING INDIA LIMITED	Director	11/03/2004	11/03/2004	18/02/2011	Active	NO
25	U92419MH2000PTC129811	CRICINFO ONLINE INDIA PRIVATE LIMITED	Director	16/04/2004	16/04/2004	30/08/2012	Active	NO
26	U72900MH2001PTC131322	CRICINFO DATA SERVICES PRIVATE LIMITED	Director	16/04/2004	16/04/2004	30/08/2012	Active	NO
27	U74140MH2004PTC146033	N V ADVISORY SERVICES PRIVATE LIMITED	Director	30/04/2004	30/04/2004	-	Active	NO
28	L22219DL1955PLC211606	INFOMEDIA PRESS LIMITED	Director	24/05/2004	24/05/2004	21/08/2008	Active	NO
29	U74210MH2003PTC142289	ENGINEERING AND DESIGNS TECNIMONT ICB PRIVATE LIMITED	Director	22/02/2005	22/02/2005	31/03/2008	Amalgamated	NO
30	U29120MH2005PTC152258	SAURER PRECICOMP PRIVATE LIMITED	Director	29/03/2005	29/03/2005	-	Amalgamated	NO
31	U30009MH1991PTC064182	I2IT PRIVATE LIMITED	Director	23/08/2006	28/01/2006	05/02/2011	Active	NO
32	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Director	18/05/2006	18/05/2006	-	Active	NO
33	U64202PN1999PLC013499	DIVINET ACCESS TECHNOLOGIES LIMITED	Additional director	04/08/2006	04/08/2006	05/04/2010	Active	NO
34	U45201PN2006FTC138676	BIOPHARMAX INDIA PRIVATE LIMITED	Director	15/09/2006	15/09/2006	10/03/2008	Active	NO
35	U60231TN2006PTC061597	C.H. ROBINSON WORLDWIDE FREIGHT INDIA PRIVATE LIMITED	Director	27/11/2006	27/11/2006	01/12/2006	Active	NO
36	L99999MH1964PLC012835	ASIAN ELECTRONICS LIMITED	Director	23/12/2006	23/12/2006	05/11/2008	Active	NO
37	U66010MH2007PLC166770	UNIVERSAL SOMPO GENERAL INSURANCE COMPANY LIMITED	Director	05/01/2007	05/01/2007	12/01/2007	Active	NO
38	U72900MH2005PLC157255	SPARSH BPO SERVICES LIMITED	Director	14/09/2007	23/01/2007	07/07/2011	Active	NO
39	U45203PN2007PLC129575	FINOLEX INFRASTRUCTURE LIMITED	Director	07/02/2007	07/02/2007	18/12/2010	Active	NO
40	L17120MH1984PLC033553	MANDHANA INDUSTRIES LIMITED	Director	16/05/2007	16/05/2007	-	Active	NO
41	U29253DL2007PTC161715	INDO-FILL ELASTOMER PRIVATE LIMITED	Director	30/09/2008	16/05/2007	25/09/2013	Active	NO
42	L36759MH1985PLC036759	SHARP INDIA LIMITED	Director	29/08/2008	23/07/2007	-	Active	NO
43	U29269MH2007PTC174534	ALLMA MACHINES PRIVATE LIMITED	Director	26/09/2007	26/09/2007	-	Strike off	NO
44	U29261MH2007PTC174544	VOLKMANN MACHINES PRIVATE LIMITED	Director	27/09/2007	27/09/2007	-	Strike off	NO
45	U29261MH2007PTC174543	OERLIKON TEXTILE COMPONENTS INDIA PRIVATE LIMITED	Director	27/09/2007	27/09/2007	-	Amalgamated	NO
46	U29261MH2007PTC174542	NEUMAG MACHINES PRIVATE LIMITED	Director	27/09/2007	27/09/2007	-	Strike off	NO
47	U74140PN2007PTC131026	VALUEQB CONSULTING PRIVATE LIMITED	Director	22/11/2008	14/12/2007	-	Active	NO
48	U29253MH2007PTC176977	BARMAG MACHINES PRIVATE LIMITED	Director	19/12/2007	19/12/2007	-	Strike off	NO
49	U29259GJ1962PTC001177	PEASS INDUSTRIAL ENGINEERS PRIVATE LIMITED	Director	27/08/2008	29/01/2008	03/07/2013	Active	NO
50	U25200MH2006PTC161549	NARENDRA PLASTIC PRIVATE LIMITED (PART IX)	Nominee director	23/04/2013	31/01/2008	-	Active	NO
51	U22219MH2008PTC181740	HH PRINT MANAGEMENT INDIA PRIVATE LIMITED	Director	29/04/2008	29/04/2008	24/05/2012	Active	NO
52	U74140MH2008PTC183020	WACHOVIA ADVISORY SERVICES PRIVATE LIMITED	Director	02/06/2008	02/06/2008	05/11/2008	Active	NO
53	U63000MH2008PTC188331	MASTER VOSS INTERNATIONAL PROJECTS PRIVATE LIMITED.	Director	18/09/2009	20/11/2008	-	Active	NO
54	L24119PN1951PLC008409	SUDARSHAN CHEMICAL INDUSTRIES LIMITED	Director	24/01/2009	24/01/2009	-	Active	NO
55	U27109PN1986FTC040525	HOGANAS INDIA PRIVATE LIMITED	Alternate director	07/05/2009	07/05/2009	-	Active	NO
56	U29253MH2010PTC199933	SCHLAFHORST MACHINES PRIVATE LIMITED	Director	10/02/2010	10/02/2010	03/07/2013	Active	NO
57	L99999MH1961PLC012185	BALKRISHNA INDUSTRIES LIMITED	Director	29/05/2010	29/05/2010	-	Active	NO
58	U93000MH2010PTC199627	ENAM INFRASTRUCTURE TRUSTEESHIP SERVICES PRIVATE LIMITED	Director	12/07/2010	12/07/2010	-	Active	NO
59	L27205MH2007PLC172598	TRIBHOVANDAS BHIMJI ZAVERI LIMITED	Director	04/07/2011	14/12/2010	-	Active	NO
60	L34101TN1948PLC000105	ASHOK LEYLAND LIMITED	Director	19/07/2011	21/12/2010	-	Active	NO
61	U55101MH2010PTC209517	INDIAN COOKERY PRIVATE LIMITED	Director	01/03/2011	01/03/2011	-	Active	NO
62	L29150PN1989PLC054143	SANGHVI MOVERS LIMITED	Director	17/09/2012	30/09/2011	-	Active	NO
63	U31900MH1998PTC117068	RAVE TECHNOLOGIES (INDIA) PRIVATE LIMITED	Additional director	20/11/2012	11/11/2011	16/12/2012	Active	NO
64	L29309PN1991PLC063045	INNOVENTIVE INDUSTRIES LIMITED	Director	28/09/2012	16/12/2011	-	Active	NO
65	U74120MH2011PTC225156	LLOYD'S REGISTER CONSULTING - ENERGY PRIVATE LIMITED	Director	20/12/2011	20/12/2011	05/03/2012	Active	NO
66	U74120MH2012PTC225641	WIFAG-POLYTYPE INDIA MARKETING PRIVATE LIMITED	Director	02/01/2012	02/01/2012	14/02/2012	Active	NO
67	L40108PN1981PLC024153	FINOLEX INDUSTRIES LIMITED	Director	11/08/2012	04/02/2012	-	Active	NO
68	U61200MH2010PLC209141	VARUN GLOBAL LIMITED	Director	30/11/2012	22/03/2012	-	Active	NO
69	U61200MH2010PLC208582	VARUN MARITIME LIMITED	Director	30/11/2012	22/03/2012	-	Active	NO
70	U61200MH2010PLC208659	VARUN RESOURCES LIMITED	Director	30/11/2012	22/03/2012	-	Active	NO
71	L24390MH1976PLC019380	J B CHEMICALS AND PHARMACEUTICALS LIMITED	Alternate director	18/04/2012	18/04/2012	-	Active	NO
72	U74930MH2010FTC207485	ARCH PROTECTION CHEMICALS PRIVATE LIMITED	Director	24/09/2012	08/05/2012	-	Active	NO
73	U25203GA2012PTC007223	KINECO KAMAN COMPOSITES- INDIA PRIVATE LIMITED	Director	12/09/2012	12/09/2012	-	Active	NO
74	U24230MH1999PTC117983	LONZA INDIA PRIVATE LIMITED	Director	30/09/2013	05/02/2013	-	Active	NO
75	U55101UP2007PTC033633	GANGETIC HOTELS PRIVATE LIMITED	Alternate director	01/05/2013	01/05/2013	-	Active	NO
76	U74999MH2013PTC243024	TEAM RELOCATIONS INDIA PRIVATE LIMITED	Director	06/05/2013	06/05/2013	-	Active	NO
77	U67120MH1995PLC085664	PALLAZZIO HOTELS & LEISURE LIMITED	Alternate director	07/05/2013	07/05/2013	-	Active	NO
78	U45201MH2006PTC165253	VAMONA DEVELOPERS PRIVATE LIMITED	Alternate director	07/05/2013	07/05/2013	-	Active	NO
79	U70100MH2005PTC156875	CLASSIC MALL DEVELOPMENT COMPANY PRIVATE LIMITED	Alternate director	07/05/2013	07/05/2013	-	Active	NO
80	U55101MH2007PTC169101	ALLIANCE HOSPITALITY SERVICES PRIVATE LIMITED	Alternate director	07/05/2013	07/05/2013	-	Active	NO
81	U55200MH2000PTC124192	OFFBEAT DEVELOPERS PRIVATE LIMITED	Alternate director	29/05/2013	29/05/2013	-	Active	NO
82	U70100MH2006PTC184784	TURNING POINT ESTATES PRIVATE LIMITED	Alternate director	21/06/2013	21/06/2013	-	Active	NO
83	U45400MH2007PTC170981	SURYA TREASURE ISLAND PRIVATE LIMITED	Alternate director	21/06/2013	21/06/2013	-	Active	NO
84	U74999MH2006PTC162907	JABALPUR TREASURE ISLAND PRIVATE LIMITED	Alternate director	21/06/2013	21/06/2013	-	Active	NO
85	U74999MH2006PTC163118	RAIPUR TREASURE ISLAND PRIVATE LIMITED	Alternate director	21/06/2013	21/06/2013	-	Active	NO
86	U70101MH2006PTC182012	INDORE TREASURE MARKET CITY PRIVATE LIMITED	Alternate director	21/06/2013	21/06/2013	-	Active	NO
87	U45202MH2010PTC202179	LONZA INFRASTRUCTURE PRIVATE LIMITED	Additional director	29/07/2013	29/07/2013	-	Active	NO
88	U45400DL2007PTC164103	AKME RHINE RIVER PROJECTS PRIVATE LIMITED	Alternate director	27/09/2013	27/09/2013	-	Active	NO

Name :

Mr. Rauzat Saifuddin Qureishi

Designation :

Whole-time director

Address :

1101, DIAGO D, Sherly Rajan Road, Bandra (West), Mumbai – 400050, Maharashtra, India

Date of Birth/Age :

01.03.1967

Qualification :

B.Com

Date of Appointment :

01.04.2013

PAN No.:

AAAPQ0618C

Voter ID No.:

MT/08/036/196459

DIN No.:

00098990

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	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Whole-time director	01/04/2013	19/06/2000	Active	NO

Name :

Mr. Rakesh Madan Nanda

Designation :

Director

Address :

Navjivan Commercial Building, 3 ‘A’ Wing, 9^th Floor, Office No.20, Mumbai Central (East), Mumbai - 400008, Maharashtra, India

Date of Birth/Age :

07.08.1962

Qualification :

Graduate

Date of Appointment :

18.05.2006

DIN No.:

00208359

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	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Director	18/05/2006	18/05/2006	Active	NO
2	U67190MH2008PLC179153	VISTAAR RELIGARE CAPITAL ADVISORS LIMITED	Director	20/02/2008	20/02/2008	Active	NO

Name :

Shizuka Hayashi

Designation :

Nominee director

Address :

4-39-2-102, Tamagawa, Setagaya Ku, Tokyo-1580094, Japan

Date of Birth/Age :

15.10.1957

Qualification :

Graduate

Date of Appointment :

06.08.2012

DIN No.:

03316927

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	U27105KA1999PTC025012	TOYOTA TSUSHO INDIA PRIVATE LIMITED	Managing director	01/04/2013	27/11/2010	Active	NO
2	U25209MH1991PLC060602	KRYFS POWER COMPONENTS LIMITED	Nominee director	06/08/2012	18/05/2012	Active	NO
3	U27109HR2003PTC035250	MARUICHI KUMA STEEL TUBE PRIVATE LIMITED	Director	30/07/2013	15/04/2013	Active	NO
4	U74140KA1998PTC024262	TOYOTA TECHNO PARK INDIA PRIVATE LIMITED	Alternate director	22/05/2013	22/05/2013	Active	NO
5	U85100KA2010PTC055258	TAKSHASILA HEALTHCARE AND RESEARCH SERVICE PRIVATE LIMITED	Nominee director	10/08/2013	10/08/2013	Active	NO
6	U85110KA2012PTC063508	TAKSHASILA HOSPITALS OPERATING PRIVATE LIMITED	Nominee director	10/08/2013	10/08/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2013

Names of Shareholders	No. of Shares
Saifuddin Fakhruddin Qureishi and Fakhruddin Bakirali Qureishi	4235942
Fakhruddin Bakirali Qureishi and Saifuddin Fakhruddin Qureishi	2363882
Kulsum Fakhruddin Qureishi	675113
Rauzat Saifuddin Qureishi	204879
Yasmin Minhaz Karachiwala	20000
Shabbir Minhaz Karachiwala	84
Shireen Saifuddin Qureishi	100
Toyoto Tsusho Corporation, Japan	833333
Total	8333333

AS ON 30.09.2013

Equity Share Breakup	Percentage of Holding
Category
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others]	10.00
Directors or relatives of directors	90.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Manufacturer of Transformer Laminations, Cores, Lifting Slings etc.

Products/ Services :

ITC Code No.	Product Descriptions
85049010	Electrical Lamination

PRODUCTION STATUS (AS ON 31.03.2011)

Particulars	Unit	Installed Capacity	Actual Production
Electrical Lamination, Strips and Cores (Excludes scrap)	M.T.	30000.00	*28000.817
Polyester Slings	Nos.	60000	36343
Transformers	KVA	1250000	153 Nos 808815 KVA

NOTES:

*Includes production on job work basis 4045.397 M. T.

GENERAL INFORMATION

Customers :

· ABB

· ALSTOM

· Areva

· Bharat Bijlee Limited

· Bharat Heavy Electricals Limited

· Crompton Greaves Limited

· ECE Industries Limited

· Emco Transformers Limited

· IMP Powers Limited

· Indotech Transformers (Now part of GE)

· Karnataka Vidhyut Karkhane

· Kanohar Electrical Limited

· Schneider Electric

· Siemens

· TELK

· Transformers and Rectifiers (India) Limited

· Voltamp Transformers Limited

No. of Employees :

Not Available

Bankers :

Bank of India, Mumbai Large Corporate Branch, Bank of India Building, 70/80, M.G. Road, Mumbai - 400023, Maharashtra, India

Facilities :

SECURED LOANS	31.03.2013 (Rs. In Millions)	31.03.2012 (Rs. In Millions)
SHORT TERM BORROWINGS
Loans repayable on demand	229.499	468.524
Total	229.499	468.524
SHORT TERM BORROWINGS Working Capital limits in consortium from Bank of India and Citi Bank are secured as follows: Principal - 1st Pari-passu charge on current assets. Collateral a) 1st Pari- passu charge on fixed assets at Silvassa and Palghar includin movable plant and machinery/capital work in process by way of EM & hypothecation. b) 1st Pari-passu (EM) charge on Office Premises at 302, 24 Turner Road, (CTS No F/979), Bandra owned by company. c) 1st Pari-passu (EM) charge on industrial land at kherdi in S Nos '231/1, 231/2/1, 231/2/2, 231/3' owned by the company. d) 1^st Pari-passu (EM) charge on factory land and building in S No. 193/1/1/2 at Kherdi owned by the company. Guarantee - Personal guarantee of Mr. F. B. Qureishi and Mr. S. F. Qureishi. Citi Bank Pari-passu charge on present and future stocks and book debts of the company. Pari-passu charge on present and future fixed assets and immovable assets of the company Personal guarantee of Mr. F. B. Qureishi and Mr. S. F. Qureishi.

Banking Relations :	--
Auditors :
Name :	Asutosh and Pankaj Chartered Accountants
Address :	914 A, Sagar Tech Plaza, Sakinaka Junction, Andheri [East], Mumbai – 400072, Maharashtra, India
Income-tax PAN of auditor or auditor's firm :	AAOFA9042Q
Associate :	· Shaali Estates Private Limited Qureishi Enterprises KRYFS Charitable Trust Fairco Exports
Subsidiary company :	· Pratik Transformers Private Limited [U40104GJ2003PTC042845] KRYFS Engineering Private Limited [U74120MH2012PTC231003]

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
14,150,000	Equity Shares	Rs. 10/- each	Rs. 141.500 Millions
850,000	Preference Shares	Rs. 10/- each	Rs. 8.500 Millions
	Total		Rs. 150.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
8,333,333	Equity Shares	Rs. 10/- each	Rs. 83.333 Millions

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2013	31.03.2012	31.03.2011
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	83.333	88.235	88.235
(b) Reserves & Surplus	1521.291	1522.326	1413.805
(c) Money received against share warrants	0.000	0.000	0.000
(2) Share Application money pending allotment	0.000	0.000	0.000
Total Shareholders’ Funds (1) + (2)	1604.624	1610.561	1502.040
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	64.438	53.653	50.034
(c) Other long term liabilities	2.444	1.866	2.395
(d) long-term provisions	0.000	0.000	0.258
Total Non-current Liabilities (3)	66.882	55.519	52.687
(4) Current Liabilities
(a) Short term borrowings	229.499	468.524	96.823
(b) Trade payables	901.519	868.591	621.878
(c) Other current liabilities	144.146	64.026	74.245
(d) Short-term provisions	17.765	13.663	13.580
Total Current Liabilities (4)	1292.929	1414.804	806.526
TOTAL	2964.435	3080.884	2361.253
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	670.269	489.739	505.648
(ii) Intangible Assets	1.165	0.000	0.000
(iii) Capital work-in-progress	34.623	83.506	32.612
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	7.979	10.401	15.353
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	70.381	0.000	15.703
(e) Other Non-current assets	31.122	28.592	4.399
Total Non-Current Assets	815.539	612.238	573.715
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	503.931	478.863	349.216
(c) Trade receivables	1392.996	1698.401	1243.066
(d) Cash and cash equivalents	16.444	71.862	55.090
(e) Short-term loans and advances	28.997	37.750	140.166
(f) Other current assets	206.528	181.770	0.000
Total Current Assets	2148.896	2468.646	1787.538
TOTAL	2964.435	3080.884	2361.253

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from operations	4369.600	4727.434	4080.773
		Other Income	19.808	16.990	38.979
		TOTAL (A)	4389.408	4744.424	4119.752
Less	EXPENSES
		Cost of materials consumed	3798.165	3957.257	3212.550
		Purchases of stock-in-trade	40.601	77.065	153.645
		Changes in inventories of finished goods, work-in-progress and stock-in-trade	(78.831)	(19.750)	8.230
		Employee benefit expense	132.709	118.768	92.488
		Other expenses	267.279	269.183	197.685
		Exceptional items	84.154	93.920	0.000
		TOTAL (B)	4244.077	4496.443	3664.598
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		145.331	247.981	455.154
Less	FINANCIAL EXPENSES (D)		65.287	42.170	47.181
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		80.044	205.811	407.973
Less/ Add	DEPRECIATION/ AMORTISATION (F)		49.276	42.672	40.714
	PROFIT BEFORE TAX (E-F) (G)		30.768	163.139	367.259
Less	TAX (H)		17.020	54.618	124.607
	PROFIT AFTER TAX (G-H) (I)		13.748	108.521	242.652
	EARNINGS IN FOREIGN CURRENCY
		FOB value of Exports	991.734	539.595	372.572
	IMPORTS
		Raw Materials	3118.317	3291.086	2334.395
		Stores & Spares	1.479	3.888	0.895
		Capital Goods	43.359	15.096	1.646
	TOTAL IMPORTS		3163.155	3310.070	2336.936
	Earnings Per Share (Rs.)		1.67	12.30	27.50

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
PAT / Total Income	(%)	0.31	2.29	5.89
Net Profit Margin (PBT/Sales)	(%)	0.70	3.45	9.00
Return on Total Assets (PBT/Total Assets}	(%)	1.05	5.46	15.88
Return on Investment (ROI) (PBT/Networth)		0.02	0.10	0.24
Debt Equity Ratio (Total Debt/Networth)		0.14	0.29	0.06
Current Ratio (Current Asset/Current Liability)		1.66	1.74	2.22

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	Yes
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	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	Yes
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	10040414	07/06/2010 *	1,400,000,000.00	BANK OF INDIA	MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG, 70/80, M.G. ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	A89266688
2	90152593	25/01/2007 *	855,000,000.00	BANK OF INDIA	MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG, 70/80, M.G. ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	-
3	90153355	20/02/2004 *	62,000,000.00	BANK OF INDIA	MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG, 70/80, M.G. ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	-
4	90152500	25/01/2007 *	855,000,000.00	BANK OF INDIA	MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG, 70/80, M.G. ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	A10076438
5	90153352	18/01/1999 *	62,000,000.00	BANK OF INDIA	MUMBAI LARGE CORPORATE BRANCH, BANK OF INDIA BLDG, 70/80, M.G. ROAD, MUMBAI - 400023, MAHARASHTRA, INDIA	-
6	90152989	08/02/1994	288,000.00	BOMBAY MERCANTILE CO-OP. BANK LIMITED	MAULANA AZAD ROAD BRANCH, BOMBAY - 400008, MAHARASHTRA, INDIA	-

* Date of charge modification

Note:

The Registered Office of the company has been shifted from 101, Classic Corner, 133, Hill Road, Off St. Andrews Road, Bandra (West), Mumbai – 400050, Maharashtra, India to the present address w.e.f. 01.11.2008.

CORPORATE INFORMATION:

KRYFS (Kryfs Power Components Limited) Established in 1991 is India's first ISO 9001:2000 certified facility for manufacturing of Transformers , Slings and Government recognized Star Export House. KRYFS has won several awards for outstanding export performance from EEPC. KRYFS has a total shed area of over 300,000 sq.ft, with a total capacity to produce 45,000MT per annum of Transformer Core Lamination and 3000MT of Torroidal Cores, making it the single largest manufacturer of Transformer Core Laminations in India. In 1997, KRYFS set up a second green field plant at Kherdi (DNH), 140kms North of Mumbai. KRYFS exports to 22 countries around the globe.

KRYFS is India’s leading manufacturer of 3 Star Rating Transformers with a state-of –the-art manufacturing unit at DNH, a sales tax exempted zone, 140km north of Mumbai.

OPERATING RESULTS AND BUSINESS:

For the year ended 31st March 2013, the company earned total net income of Rs 4369.600 Millions (Gross income of Rs 4844.130 Millions) as compared to previous year Rs 4727.434 Millions (Gross income Rs 5206.115 Millions). The Profit before Taxes was Rs 30.771 Millions as compared to previous year Rs 163.139 Millions.

During the financial year the Dispatch of CRGO/Cores/Laminations increased in quantity terms by 7.32 % from 33837 MT (previous year) to 31529 MT.

FIXED ASSETS:

· Land

Buildings

Factory building

Plant and equipment

Furniture and fixtures

Vehicles

Office equipment

Other equipments

Computer equipments

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 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. 62.39
UK Pound	1	Rs. 102.06
Euro	1	Rs. 84.98

INFORMATION DETAILS

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	5
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	5
--PROFITABILIRY	1~10	5
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	5
--CREDIT LINES	1~10	6
--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		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.